U.S. Fiscal Deal `Nowhere to be Seen,' Rupkey Says

Dec. 21 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the outlook for an agreement by lawmakers to avoid the so-called U.S. fiscal cliff of automatic spending cuts and tax increases. Rupkey also talks about Federal Reserve policy and U.S. consumer spending. (Source: Bloomberg)
Prada Full-Year Profit Drops 28%
53:58 - The slowdown in China has hurt earnings at Prada. The luxury brand posted a 28% fall in profit last year as fewer Chinese shoppers splurged. Bloomberg’s Yvonne Man reports on “First Up.” (Source: Bloomberg)
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