Obama Says Long-Term Unemployed Need a `Fair Shot'
Jan. 31 (Bloomberg) -- President Barack Obama speaks about the U.S. labor market and challenges facing the long-term unemployed. Obama speaks at the White House following a meeting with chief executive officers of companies who have committed to giving the long-term jobless a better chance in the hiring process. Vice President Joe Biden appears with Obama. (Source: Bloomberg)
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50:42 - Investors await data from Japan ranging from industrial production, household spending and employment, which paint a mixed-to-negative picture of the Japanese economy. The data comes as investors await an announcement from Japanese Prime Minister Shinzo Abe on a likely delay to increasing the nation’s sales tax, and a possible package of additional fiscal spending. Abe had earlier warned of the risk of a global economic crisis which showed an economy potentially veering into a crisis on the scale of the 2008 Lehman Brothers collapse. Credit Suisse Senior Advisor Bob Parker discusses with Bloomberg's Nejra Cehic in London and Manus Cranny in Dubai on "Countdown."