U.S. Economy Grows at 1.5% Rate as Spending Cooled

July 27 (Bloomberg) -- The U.S. economy expanded at a slower pace in the second quarter as a softening job market prompted Americans to curb spending. Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. Betty Liu, Dominic Chu and Richard Yamarone report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Canadian National Beats Estimates After Cutting Costs
00:59 - Canadian National Railway reported second-quarter profit that topped analysts’ estimates as the carrier cut jobs and parked locomotives to blunt the effects of weakening freight demand. Bloomberg Intelligence's Lee Klaskow speaks on The Daily Brief. (Source: Bloomberg)
  • Solar Impulse 2 Completes Global Epic Journey
  • Southeast Asian Nations Divided on South China Sea
  • Full Show: Bloomberg West (07/25)