U.S. 2nd-Qtr GDP Expands More Than Forecast

July 31 (Bloomberg) -- The economy in the U.S. grew more than projected in the second quarter reflecting an unexpected pickup in inventory building as consumer spending cooled. Growth in the previous three months was revised down. Gross domestic product, the value of all goods and services produced, rose at a 1.7 percent annualized rate, after a 1.1 percent gain the prior quarter, Commerce Department figures showed today in Washington. Alix Steel and Michael McKee report on "In the Loop." (Source: Bloomberg)
Why China's Stock Market Plunge May Be Good News
58:25 - The 8.5 percent slide in the Shanghai Composite Index is actually a development that could leave China better off eight years from now. Bloomberg View's Willie Pesek has more on "First Up." (Source: Bloomberg)
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