MIDDAY UPDATE: Housing numbers, foreign trade
Today we heard some mixed news about the housing market. The number of new homes being built rose in November. Meanwhile, RealtyTrac said foreclosure filings dropped 21 percent last month. But these numbers may be misleading because they’re being tracked by different agencies, according to Marketplace’s Alisa Roth.
Overseas, China hopes to lower inflation, and analyst Chris Farrell explained what that means for the global economy. China and India continued their trade mission. The two countries hope to increase trade to $100 billion within the next five years. And the Japanese government is getting closer to cutting its corporate tax. If Japan is successful, the U.S. will have the highest global corporate tax rate, 39 percent.
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