Simes on U.S., Russia Relations: Political Capital

Aug. 10 (Bloomberg) -- Dimitri Simes, president and chief executive officer at the Center for the National Interest, talks with Bloomberg's Al Hunt about relations between the U.S. and Russia. Paul Taylor, executive vice president of the Pew Research Center, talks about the sales of major newspapers and the outlook for publishing and the media. Bloomberg's Julianna Goldman talks about yesterday's press conference by President Barack Obama, and commentators Margaret Carlson and Megan McArdle discuss the Affordable Care Act and Republican National Committee Chairman Reince Priebus's letter to NBC abd CNN.

The Crude Reality of BP's Sliding Profits
24:29 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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