Morning Market Watch – May 30, 2017

News

Here is a look at how yesterdays markets closed:

    The Nikkei closed down 4 points.
    The Dow finished down 2.
    The NASDAQ closed up 4 points.
   
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Americans are back to borrowing some big bucks.  The New York Federal Reserve says U.S. consumers now owe close to $13 billion dollars to banks and other lenders. That’s more than the total before the financial crisis.  Mortgages, car loans and credit cards top the loans list.  Student loans are also responsible for a big chunk of American debt. 

BMW has been forced to slow production of its compact and mid-size models.  The German car maker says the stoppages at its plants in South Africa and China were brought on by a shortage of steering gears from its supplier.

Some unusual food and beverage products have been hitting the market recently. The latest could be the “hottest” new trend in drinks this summer. 

“Pepsi Fire” – with its cinnamon kick — is hitting stores for a limited run. Pepsi Fire comes just after Walmart unveiled its dual purpose “Crotilla” – a buttery mash-up of croissant and tortilla used for sandwiches or dessert.  
Earlier this year Starbucks unveiled the Unicorn frappaccino.
Companies hope these so-called “stunt foods” will boost slow sales.

(Nikki Battiste, CBS News)

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