1,000 Counties in 26 States Declared Disaster Areas

July 11 (Bloomberg) -- The U.S. cut its corn-harvest estimate 12 percent and said inventories next year will be smaller than forecast in June as the worst Midwest drought since 1988 erodes prospects for a record crop. Michael McKee reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Can Dauman Deliver on Viacom Rebound Promise?
12:07 - Viacom will prove doubters wrong and return its floundering stock to its former highs, newly elected Chairman Philippe Dauman pledged, lashing out at critics of his management of the media giant that owns MTV, Nickelodeon and Paramount Pictures. Bloomberg Contributing Editor Bill Cohan and Bloomberg Intelligence's Paul Sweeney speak on "Bloomberg Markets." (Source: Bloomberg)
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