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Transcripts For FBC Countdown To The Closing Bell 20131219

Innpart to slightly higher Mortgage Rates and low home inventory. The average rate on a 30year mortgage rose in the week ending december 19th according to freddie mac and adding to those concerns on the economy, the number of americans seeking firsttime Unemployment Benefits this number comes out every thursday unexpectedly rose 10,000 to 379,000 last week. That is the highest number since march. Were told the increase was likely due to volatility around the thanksgiving holidays. Theres always something with these numbers. In the white hot social networking stock world, facebook took a bit of a hit today after announcing plans for a Public Offering of 70 million class a shares. More than half of those shares offered by founder and Ceo Mark Zuckerberg to meet Tax Obligations. So its not necessarily that hes getting out of the stock because he doesnt see it looking better in the future, he needs to pay a Tax Obligation here. The stock is coming down just slightly at the moment. But the

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