Pimco's Kashkari on Outlook for Fed Policy
June 22 (Bloomberg) -- Neel Kashkari, head of global equities at Pacific Investment Management Co., talks about the global economy and outlook for Federal Reserve policy. Kashkari speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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The Crude Reality of BP's Sliding Profits
21:20 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."