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Pending Home Sales Up, Inflation Slows: Money Minute

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This is a Bloomberg Money Minute pending home sales inching higher this month after a dismal July for housing, mostly as the war in Iran sent mortgage rates higher pending home sales. Deals that have been agreed to but have not been finalized. Moved 4/10 percent higher in the first week of August, according to Redfin. But a lot of priced out would be home buyers are still on the sidelines. Meanwhile, wholesale inflation slowed down in July by more than expected thanks to lower energy prices.

It's still rose by 4.7% from a year ago. But on Wall Street, stocks are higher, with investors thinking that decreasing inflation is enough to stop the fed from raising interest rates at its meeting next month. We're in the final hour of trading and the Dow is up a fraction. The Nasdaq up nearly 1%. The S&P up two thirds of a percent. And the makers of Oreos rolling out three new limited time flavors banana pudding, Oreos, deep fried Oreos, and chicken and waffles Oreos.

Fans can vote on their favorite one, and the winner will be brought back again. Erica Herskovitz Bloomberg.

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