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Biz Headlines: 5/24

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Cheap money buy houses out there if you can get it.

The thirty year fixed rate mortgage dropping again hitting a record low three point 78%.

Rates have been below 4%.

-- all but one week so far this year.

Meanwhile companies are cutting back on spending a key measure of business investment plans falling nearly 2% last month.

-- -- things like computers and heavy machinery dropping.

And General Motors putting the brakes on some of its newer cars the auto maker recalling more than 4000 of -- Chevy Malibu he -- the problem.

The airbag system which sometimes reportedly goes off during sharp turns even without impact.

And fewer shoppers are buying these.

-- at Tiffany.

The high end jewelry store with the iconic blue box is cutting its sales outlook.

For the rest of the year -- sees a slowing luxury purchases.

In its stores in the US and abroad.

That's business I'm Erik --