Obama Nominates Hagel for Defense, Brennan for CIA

Jan. 7 (Bloomberg) -- President Barack Obama speaks about his nominations of former Senator Chuck Hagel as defense secretary and counterterrorism adviser John Brennan as director of the Central Intelligence Agency. Defense Secretary Leon Panetta and acting CIA Director Michael Morell also speak. (Source: Bloomberg)

Canadian National Beats Estimates After Cutting Costs
40:55 - Canadian National Railway reported second-quarter profit that topped analysts’ estimates as the carrier cut jobs and parked locomotives to blunt the effects of weakening freight demand. Bloomberg Intelligence's Lee Klaskow speaks on The Daily Brief. (Source: Bloomberg)
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