U.S. Economy Unexpectedly Shrinks in Fourth Quarter

Jan. 30 (Bloomberg) -- The economy in the U.S. unexpectedly shrank in the fourth quarter, restrained by the biggest plunge in defense spending in four decades and dwindling inventories as household purchases picked up. Gross domestic product, the volume of all goods and services produced, dropped at a 0.1 percent annual rate, Commerce Department figures showed today in Washington. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Kevin Norrish: OPEC Deal Looks Difficult to Achieve
49:19 - Kevin Norrish, head of commodities research at Barclays, discusses the prospect of an output freeze from OPEC after Iran claims it will not hold production at current levels. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
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