The First-Ever Look Inside CAT's Proving Ground
Aug. 10 (Bloomberg) -- Bloomberg's Carol Massar gives us an inside look at Caterpillar's proving ground for tractors and their virtually reality lab where new machines can be tested before they're even built.
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Trump's View of U.S. Economy Is Flawed, Says Posen
55:57 - The Federal Reserve looks poised to forgo a chance to prove its favorite points. A rate hike at the Federal Open Market Committee’s Nov. 1-2 meeting would show they mean what they say. Economic data have been strong since it met last month. The decision comes just days before the U.S. presidential election. Inflation is below the Fed’s 2 percent goal, reducing the urgency for action. What’s more, the committee has a meeting in mid-December, so officials could wait to see how markets react to a White House win by either Republican Donald Trump or Democrat Hillary Clinton and still be able to deliver a rate rise in 2016. Peterson Institute President Adam Posen discusses the U.S. election with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."