El-Erian: Ton of Cash on Sidelines Should Be Spent

Oct. 30 (Bloomberg) -- Mohamed El-Erian, chief executive and co-chief investment officer at Pimco, explains why the United States is coming to and important turning point in the economy and how corporate cash can help lead the way. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”
China Official PMI Slips to a Five-Month Low
17:50 - China’s factory floor is falling victim to the wider economic slowdown. Official PMI numbers released over the weekend show the gauge slipped to a five-month low. It’s a sign that months of easing monetary policy are yet to have the desired effect. Bloomberg’s Enda Curran reports on “First Up.” (Source: Bloomberg)
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