inflation relatively low. i think for next week s meeting we ll see chairman bernanke propose new plans to boost economic growth. i think this is going to come in the form of an extension of operate twist, which is the bond buying program we ve seen the fed involved in, that s been keeping interest rates low. what about this, not good news with the foreclosure activity. it rose back above 2,000 mark, why the change? we saw foreclosure filings tick up about 9% month over month. i expect we ll see this continue to rise throughout the year. this is actually good news in a strange way. because these are all of the delayed foreclosures that have been sitting on bank balance sheets for the past two years. they are finally pushing through the pipeline. as far as homeowners are concerned, you can expect downward pressure in prices over the next year probably in areas where foreclosure filings are
now to the three big hundred headlines. the cost of raising is child is up. morgan brennan is joining me in studio. good day to you. thank you for coming back. thank you for having me. after being flat in april, consumer prices drop by the most in three years. what does this mean? they dropped 0.3% led in large part by gases plunging. we also saw food costs remain flat for the past month. this means that inflation is rep remaining relatively low. for that reason, we ll hear the new announcement from the federal reserve next week about plans to boost economic growth next week. i think that s going to come in the form of an extension of operation twist, which is the bond-buying program that s been keeping interest rates low. i think that s going to be here next week. this is not so great, the foreclosure activity has risen above the 200,000 mark after being below that mark. what s behind the change?
hazing death of 26-year-old robert champion, killed by repeated blows to his body. jenna: well, some new information on the economy today. 386,000 americans filed for unemployment in the latest week. that number continues to go up as we ve seen over the last several weeks. now take a look at the housing market. we have new news on fore foreclosure activity. it jumped last month, up 9%. big questions about the housing recovery and what s ahead. joining us now, the founder and president of the institute for america s future and the co-director for the campaign for america s future and peter schiff, president of euro pacific capital and author of the book the real crash: america s coming bankruptcy, how to save yourself and your country. welcome, gentlemen, nice to have you. pleasure to be here. thank you. jenna: we have two big campaign speeches coming up today, both supposed to be on the economy. when we keep on seeing numbers like this, bob, one has to
looking at overseas trading. in tokyo, the nikkei was up a fraction, while in hong kong, the hang seng rose 163. investors will be watching the latest unemployment numbers today as well as a slew of earnings reports. yesterday, apple s big earnings report sent the stock soaring back up over $600, giving the nasdaq composite index its biggest gain of the year. exxonmobil raised its quarterly dividend by 21% yesterday ahead of its earnings report today. the latest jobs data being released today is expected to show a slight decrease in unemployment claims from last week. federal reserve chairman ben bernanke said yesterday the central bank still plans to leave interest rates at their current low level until at least 2014 but says they are prepared to take action, if necessary. foreclosure activity increased in about half of the nation s cities in the first quarter, according to realty track, but overall, foreclosures were down compared to last year. facebook says it will beef
in a book that can be used against him and that will not play well. shepard: john edwards on trial. we will see how it goes. good and bad news for homeowners. the housing firm reports foreclosure activity dropped to the lowest overall level in more than four years. that is great. and here is the down side: we are learning from the same firm that banks are sending out more first-time foreclosure notices up percent in march to six-month high. that means lenders could ultimately seize more homes and the experts now warn we could see more foreclosures this year than last year. for context we turn to gerri willis. she hosts the willis report, on fox business network. so much for the end of the housing slump. we have been warned. gerri: absolutely. this is the settlement that 40 attorneys general made with the biggest bangs, paying out $25