Transcripts for CNN CNN Newsroom 20131123 16:42:00 : compare

CNN CNN Newsroom November 23, 2013 16:42:00

but some worry a bubble may be forming, because economic growth is weak and unemployment is high. janet yellin is one step closer to becoming the first female head of the federal reserve. the senate banking committee voted thursday to move her nomination forward. it now goes to a full senate vote. if confirmed, yellin would replace ben bernanke in january. jpmorgan chase has agreed to landmark $13 billion settlement with the justice department. it's the government's biggest settlement with a single company. jpmorgan is accused of selling risky mortgage investments, but marketing them as safe. those investments later failed, and contributed to the 2008 financial crisis. mortgage rates took a big fall. 4.22%, down from 4.35%. things turned around this past week because of concerns about the weak economy. fredricka, that's a wrap of the week on wall street. >> all right. thanks so much, alison. if you ever doubted america could still be the land of

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