Biden Says Administration’s Auto ‘Bet’ Has Paid Off

Jan. 16 (Bloomberg) -- U.S. Vice President Joe Biden speaks about the U.S. government's bailout of the nation's auto industry at the North American International Auto Show in Detroit. Biden’s visit to the show follows the U.S. Treasury’s sale last month of its remaining stake in General Motors Co. The exit ended the so-called “Government Motors” era that followed the U.S. government’s $50 billion bailout and reorganization of the company. (Excerpts. Source: Bloomberg)
Dollar Strengthening Bodes Well for FTSE 100: Jullier
22:01 - The strengthening of the U.S. dollar "bodes pretty well" for stocks listed on London's FTSE 100 Index, many of whom have earnings denominated in the U.S. currency, according to Antonin Jullier, global head of equity trading strategy at Citigroup Inc. He spoke in a discussion on the market outlook with Geoffrey Yu, senior foreign exchange strategist at UBS Group AG, and Bloomberg's Jonathan Ferro on Bloomberg Television's "On the Move." (Source: Bloomberg)
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