Inside Daytona Speedway's $400-Million Revamp

July 2 (Bloomberg) –- After 50 years of hosting some of the biggest crowds in sports, the Daytona International Speedway is getting a much needed makeover. The revamp, known as Daytona Rising, is meant to bring the facility to the modern era by providing wider and more comfortable seats, better amenities, and access for fans and corporate sponsors. It is also meant to boost attendance at the track, which has been declining over the years. Bloomberg's Stephanie Ruhle reports. (Corrects revamp cost.) (Source: Bloomberg)

Reserve Bank of Australia Sees Inflation Below Goal
35:34 - Averting dangerously low inflation looms as priority one for Philip Lowe, Australia’s incoming central bank governor. One challenge: he’ll be inheriting the least scope ever to cut interest rates. Lowe is set to begin his seven-year term with the benchmark rate already at a record-low 1.75 percent. When outgoing Governor Glenn Stevens took the helm, it was 6 percent and reached 7.25 percent in 2008. Some of Australia’s peers have seen dramatic transformations since then, with their balance sheets swelling as they undertook quantitative easing. Societe Generale Global Strategist Kit Juckes discusses with "On the Move" host Guy Johnson.
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