Bernanke Warns on Fiscal Cliff Impact

Federal Reserve Chairman Ben S. Bernanke said the prospect of more than $600 billion in spending cuts and tax increases “clearly” is having an effect on economy “even though we’ve not yet even reached the point of the fiscal cliff kicking in."
Japan Retail Stocks Face 'Lot of Downside Risk': Smith
32:58 - Scott Darling, a strategist at CLSA Ltd. in Tokyo, talks about Japan's stock and economy. Japanese household spending Friday showed an unexpected drop in June. Smith speaks with Yvonne Man on Bloomberg Television's "First Up." (Source: Bloomberg)
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