Third-quarter GDP jumped to 3.6%, the best reading since the first quarter of 2012, Borchardt said. She added that jobless claims fell 23,000, to 298,000.
Although the headline GDP number looked good, Borchardt pointed out that inventories jumped while personal consumption fell to 1.04% from 1.2%, the weakest result since 2009.
She added that the buildup of inventory should create plenty of deals for consumers and shoppers in the months ahead, while the weak consumption data help explain recent earnings blunders from retail companies.Turning to the new Mustang, Borchardt said the car looks "spectacular." Reed said Ford is trying to build an iconic Mustang that will appeal to nostalgic baby boomers while also attracting new buyers in China and among the under-35 set.
He said the new Mustang attempts to provide a slick modern feel while evoking images of the 1968 movie Bullitt, in which a police lieutenant played by Steve McQueen drives a Mustang in a hair-raising chase.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell