Fink Warns of Fiscal Cliff-Fuelled Recession

BlackRock Inc. Chief Executive Officer Laurence D. Fink said the U.S. economy may shrink at the start of 2013 as companies curb hiring ahead of spending cuts and tax increases from the so-called fiscal cliff.
U.S. Trade Deficit Narrows by 7.4% in July to $42.9B
50:31 - The U.S. trade deficit narrowed by a wider-than-expected margin in July, falling 7.4 percent on a decrease in imports of mobile phones and pharmaceuticals. Bloomberg's Vonnie Quinn reports on "Market Makers." (Source: Bloomberg)
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