Housing starts jump in February
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 March 2024
⏱️ 1 minutes
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Summary
Stocks rise; single family home construction is booming; Unilever exiting ice cream business; Federal Reserve will announce latest interest rate decision on Wednesday.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Home. Stocks closed up on Tuesday. The Dow gained 8 10% |
| 0:08.9 | the S&P rose almost 6 10% and the NASDAQ added 4. |
| 0:14.0 | The number of new home construction projects rose in February, |
| 0:17.0 | according to the Commerce Department, up more than 10.5% from the month before. |
| 0:21.0 | Analysts expect single family home construction will continue to pick up this year. |
| 0:26.0 | Unilever, the company behind Breyers, Ben and Jerry's, and Magnum says it's getting out of the ice cream business. |
| 0:32.1 | The product can be expensive to transport, |
| 0:34.5 | and sales have been slow. |
| 0:36.0 | Unilever is also cutting 7,500 jobs, |
| 0:39.0 | and will focus on its household brands, |
| 0:41.2 | including Axe deodorant, Dove soap, and Helmin's mannays. |
| 0:45.0 | And members of the Federal Reserve's Open Market Committee are meeting Tuesday and Wednesday |
| 0:49.4 | to decide what to do with interest rates. |
| 0:51.8 | Expectation is, the Central bank will leave them unchanged. |
| 0:55.7 | I'm Justin Ho with the Marketplace Minute. |
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