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

July 16 (Bloomberg) -- Retail sales in the U.S. unexpectedly declined for a third straight month in June. The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed today. Separately, the Federal Reserve Bank of New York’s general economic index rose to 7.4 from 2.3 in June. Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Iran Nuclear Talk at an Impasse as Time Runs Down
26:07 - Iran nuclear talks have hit an impasse with less than 48 hours remaining before a deadline, as Iran makes an issue of the location of a stockpile of previously enriched uranium. Bloomberg’s Peter Cook reports on “Bloomberg Surveillance.” (Source: Bloomberg)
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