Street News: Diamond's Resignation, Blackstone

July 3 (Bloomberg) -- Bloomberg's Scarlet Fu reports on today's top news including Barclays' CEO Robert Diamond resigns, Blackstone jumps into residential real estate by buying foreclosed homes and BlueMountain Capital is a big winner by betting against JPMorgan's Whale trades. She speaks on Bloomberg Television's "Bloomberg Surveillance."
Options Market Suggest China's Stock Rescue Doomed
02:33 - China's markets this week will have a tailwind from last week's interest rate cut and Beijing's decision to prop up stocks with a flurry of state buying. But some say the rally may be short lived. Bloomberg's Zeb Eckert reports on "First Up." (Source: Bloomberg)
  • China's Banks Offer Deeper Cuts to Deposit Rates
  • The Top Stocks to Watch in Asia Today
  • ANZ's Yetsenga Sees Asia Currencies Staying Week