China Market Fears `Wildly Overblown': McCarthy

Jan. 14 (Bloomberg) -- Michael McCarthy, chief market strategist at CMC Markets in Sydney, talks about the outlook for regional stocks and his investment strategy. He speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
Brown: Mandatory Water Curbs for California Drought
22:09 - California Governor Jerry Brown, a Democrat, speaks about the state's drought now entering its fourth year and first-ever mandatory water restrictions put in place today. Brown issued an executive order seeking a mandatory 25 percent reduction in use and a requirement that new homes feature water-efficient irrigation if the builder plans to use potable water for landscaping. He also called for 50 million square feet of lawns to be replaced with drought-tolerant landscaping and required campuses, golf courses and cemeteries to cut back on water. (Source: Bloomberg)
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