China's $7 Trillion `Treasure Chest'

May 6 (Bloomberg) -- President Xi Jinping’s plans to open China’s state-owned enterprises to competition are spurring local officials to consider asset sales that could help rein in provincial and municipal debt. David Ingles has more on Bloomberg Television's "First Up." (Source: Bloomberg)
Fed: Labor Market and Housing Have Improved
10:39 - Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. Bloomberg's Michael McKee reports on "Bloomberg Markets." (Source: Bloomberg)
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