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[video] Quick Take: GDP Rises, New Ford Mustang

NEW YORK (TheStreet) -- TheStreet's Debra Borchardt is analyzing economic data released Thursday and is discussing the new 2015 Ford (F) Mustang with contributor Ted Reed.

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. 

Must Read: [video] Jim Cramer Quick Take: My Thoughts on Apple and J.C. Penney

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.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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