U.S. GDP Shrank in 1Q; Durable Goods Orders Rise

June 25 (Bloomberg) -- The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, the Commerce Department said today. A separate report showed orders for U.S. business equipment climbed in May. Michael McKee reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Carter: U.S. Has to Be on Cutting Edge of Cyber Defense
55:45 - U.S. Defense Secretary Ashton Carter talks about his trip to the Silicon Valley, the relationship between technology community and the Pentagon, and the importance of cybersecurity. Speaking with Emily Chang on Bloomberg Television's "Bloomberg Markets," Carter also discusses the defense budget. (Source: Bloomberg)
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