theGrio & CNBC - Our Money

12/11/09 - theGrio & CNBC Market Wrap Up

5:49 PM on 12/11/2009

Join Our Mailing List

Related News: Roseanne Barr seeks Green Party presidential nod; Robert M. Franklin is stepping down as president of Morehouse College; Big banks could be forced to pay $25 billion in foreclosure settlement

Share Bar

TheGrio and CNBC team up to deliver a weekly wrap up of money matters and market updates for our community.

CNBC's Shartia Brantley reports that investors got a read on consumers with earnings reports but government data dominated headlines this week. President Obama announced his jobs creation plan as the nation deals with a 10 percent unemployment rate. We received mixed news on housing. The government reported 31,000 homeowners have received mortgage modifications and Realty Trac reported November foreclosures were down 8 percent from the previous month. Americans got a little wealthier during the third quarter; net worth rose by 5 percent or nearly $2.7 trillion.

Watch the video, exclusively on theGrio.com.