U.S. Consumer Spending Climbs as Taxes Hurt Incomes

March 1 (Bloomberg) -- U.S. household purchases, which account for about 70 percent of the economy, climbed 0.2 percent in January after a 0.1 percent gain the prior month, a Commerce Department report showed today in Washington. Incomes slumped 3.6 percent, sending the saving rate down to the lowest level since November 2007. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Serra: Deutsche Bank Valuation Shows Lack of Confidence
22:48 - Davide Serra, founder and chief executive officer at Algebris Investments, examines the state of European banks as he sees a need for cost cutting and looks at Deutsche Bank's valuation and need for capital following a settlement with the U.S. Department of Justice. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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