American household debt hits a record high

By StocksFOXBusiness

Morning Business Outlook: 8/16/17

AMC to sue MoviePass for allowing customers to see unlimited movies for $10 a month

Americans' household debt hit $12.8 trillion in the 2nd quarter – a record high. The New York Federal Reserve finds more Americans are taking on auto, student, mortgage and credit card debt.

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The nation's largest movie theater chain, AMC (NYSE:AMC), is getting ready to sue MoviePass, a company that lets customers see as many movies as they want for $10 a month. AMC says the price is too low and could hurt the industry.

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And markets were mixed on Wall Street at the start of Thursday’s trading, with the Dow rising for the third straight day.

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