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Wal-Mart is out with earnings and Wall Street is disappointed second quarter net income rose as more shoppers go in search of Wal-Mart steeper price.
But its revenue.
Of just over a 113 billion dollars missed expectations Wal-Mart is considered a Bellwether of consumer spending because so many people it's up that it stores.
-- also continues to see customers spent more at the beginning of the month when they get their paychecks.
That's -- that paycheck will be getting bigger but more of us might be getting them.
A positive sign for the job market the number of Americans filing first time jobless benefits.
Came in at 366000.
Last week and the four week moving average with -- out volatility.
That fell to near a four year low.
There's hope that companies may start ramping up hiring.
A bad sign for the housing recovery the Commerce Department says housing starts fell one point 1% in July.
-- seasonally adjusted annual rate of 746000.
Million FaceBook shares hit the market Thursday.
This as the lock up period that prevented some early investors from selling their shares expires.
It's now ninety days since -- may eighteenth IPO but many FaceBook shareholders and employees including CEO Mark Zuckerberg.
They will not be able to sell on Thursday they're gonna have to wait until the fall that's.
From boron based looks lock up expiration log on to foxbusiness.com.
In new York and linesmen --
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