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Markets Try to Bounce Back From Weak Economic Data

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  • Description

    FBN’s Robert Gray breaks down the stories moving the markets.

  • Duration 0:54
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I'm Robert -- with your Fox Business green Wall Street continuing its downward trend -- -- weekly report on retail sales right now the Dow down 35 points off the lows of the session.

Retail sales -- unexpectedly fall in June for a third straight month as consumers cut spending on most goods and services.

Sales drop by one half of 1% analysts forecasting game.

Retail sales have a drop for three straight months since the fall of 2008 during the depths of the financial crisis.

Consumer spending accounts of course for 70% of US economic activity.

Manufacturing though did rebound in New York region in July after a sharp drop the prior month.

The New York Fed's empire manufacturing index rose more than expected to seven point 39.

The survey is one of the earliest monthly gauges of US factory conditions.

And that as the latest from the Fox Business Network giving you the power to prosper.

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