Consumer confidence unexpectedly fell in October as the troubled labor market continues to weigh on confidence. Wall Street tends to dismiss unemployment as a lagging indicator, but Main Street clearly thinks differently.
Home prices also rose for a third consecutive month, according to Case-Shiller, but worries about rising unemployment and the expiring first-time home buyer tax credit remain.
Paul Vigna and Madeleine Lim discuss it all and more on Tomorrow’s News Today.
