Consumer Spending in U.S. Drops; Incomes Unchanged

May 31 (Bloomberg) -- Consumer spending in the U.S. unexpectedly declined in April as incomes stagnated. Household purchases dropped 0.2 percent, a Commerce Department report showed today in Washington. Incomes were unchanged and prices dropped by the most in more than four years. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Japan Exports Down for 9th Month
49:01 - Japan's exports have dropped for a 9th straight month, down 7.4% for the month of June. That is a smaller drop than what economists had predicted. Bloomberg Jodi Schneider reports on "Daybreak Asia." (Source: Bloomberg)
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