President Obama Speaks About U.S. Economy, Jobs
July 25 (Bloomberg) -- President Barack Obama talks about U.S. infrastructure and the Republican Party's threat to vote against raising the debt limit during a speech about the nation’s economy. Obama speaks following a tour of the Jacksonville Port Authority in Jacksonville, Florida. (Source: Bloomberg)
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Is Japan Ready for the Landing of 28 Trillion Yen?
46:23 - Japan Stocks may see some risk aversion if the report of new fiscal spending is confirmed as that amount is already discounted by markets, CLSA’s Japan strategist Nicholas Smith told Bloomberg in an interview. This month’s helicopter money debate has been fueled by the fact that the government is currently compiling a spending package, which Prime Minister Shinzo Abe has promised will be “bold” and “comprehensive.” Japan’s leader said the government would compile measures next week and the stimulus package will be more than 28 trillion yen ($265 billion), Kyodo News reported. Smith discusses with "On the Move" hosts Anna Edwards in London and Caroline Hyde in Berlin.