Loeb Exits Morgan Stanley Bet After Stock Rally

May 15 (Bloomberg) -- Third Point LLC, the hedge-fund firm led by Daniel Loeb, exited its position in Morgan Stanley in the first quarter after the shares rallied, a regulatory filing shows. Dominic Chu reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Pending Home Sales Rebound, Consumer Confidence Lags
28:07 - Feb. 27 -- U.S. pending home sales rebounded 1.7 percent from a drop in the previous month while consumer confidence slipped form an 11-year high. Bloomberg’s Scarlet Fu reports on “Market Makers.”
  • U.S. Economy Grew at Slower Pace Than Estimated
  • Jeffrey Gundlach’s New ETF Faces Challenges
  • Ethan Allen Bringing Manufacturing Back to U.S.: CEO