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Housing Starts Jumped 12.1% in December

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Description
FBN’s Charles Payne breaks down the stories moving the markets early in the trading day.
Duration 1:00
Date Jan 17, 2013

This transcript is automatically generated

Housing -- back.

In December builders started work on homes that the fastest pace since the summer of 2008.

Had finished we'll leave while -- the best here from home construction of the housing prices began.

The Commerce Department said December housing starts were up more than 12% compared to November.

Nearly double from the recession -- April of 2000.

-- couple -- -- this is on bank earnings today Bank of America's fourth quarter profit plunged.

63%.

Year over year the bank giant was way down Bible or the settlement and billions of charges related to domestic to dispute rather -- Freddie Mac.

Citigroup also missed -- earnings in growth.

Oh you're over -- that was really light but that legal expenses.

Really hurt them and their bottom line both about creating wealth to the downside.

The hostage situation going on at the BP oil Philadelphia area reports.

Positive and terrorists have been built -- during this price right now he's -- the Algerian Army.