Gross: Draghi & Friends Just Want Your Money

Aug. 7 (Bloomberg) -- The goal of the European Union’s monetary and fiscal policy is to re-engage the private sector, hence all EU leaders want investors to be less frugal and more risk-taking, Bill Gross, Pimco’s founder and chief investment officer, wrote in the Financial Times. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
20:45 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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