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)

Full Show: What'd You Miss? (07/25)
48:53 - Full episode of "What'd You Miss?" Guests include: BofA Merrill's Mark Cabana and Ward McCarthy, Jefferies chief financial economist. (Source: Bloomberg)
  • How the U.S. Is Paving the Way for Electric Cars
  • The End of an Era for a Tech Titan
  • No Vacation for Corporate-Debt Market Amid Busiest July