U.S. Retail Sales Unexpectedly Decline 0.5% in June

July 16 (Bloomberg) -- Bloomberg's Mike McKee reports that retail sales in the U.S. unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of the economy. The 0.5 percent drop followed a 0.2 percent decrease in May and was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for a 0.2 percent rise. He speaks on Bloomberg Television's "In The Loop."
Equity Valuations Lofty, Earnings Lousy: Morganlander
20:52 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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