China's Unsurprising Leadership Transition

Xi Jinping replaced Hu Jintao as head of the Chinese Communist Party and the nation’s military, ushering in the fifth generation of leaders who are set to take control of the world’s second-biggest economy. Bloomberg's Nick Wadhams reports.
U.S. Consumer Confidence Rises to 90.7
14:00 - Consumer confidence in the U.S. fell to a six-month low in May as Americans became less sanguine about the prospects for the economy. Bloomberg's Michael McKee reports on “Bloomberg Markets.” (Source: Bloomberg)
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