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Consumer Credit Rose in November
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Description
FBN’s Adam Shapiro on consumer credit rising for a fourth straight month in November.
- Duration 0:57
- Date Jan 8, 2013
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Transcript
This transcript is automatically generated
-- Adam Shapiro with -- -- Business free markets are trading down ahead of earnings season which unofficially starts after the closing bell went aluminum giant Alcoa reports its fourth quarter results right now.
The Dow is actually trading down fifty -- points.
Alcoa is expected to report a profit of six cents a share on revenue of nearly five point six billion dollars -- aluminum -- performance has been hindered by the struggling global economy which has cut demand for aluminum.
And depressed prices slower growth in China and the debt crisis in Europe for taking -- -- two weeks ago.
Moody's warned that it might downgrade out -- which could -- the company's credit in junk territory.
Consumer credit rose for a fourth straight month in November most of that increase was in non revolving credit.
Which includes auto loans as well as government backed student loans revolving credit which includes credit cards climbed by a modest 817 million dollars we'll.
