Existing Home Sales, Philly Fed Disappoint in May

June 21 (Bloomberg) -- Bloomberg's Erik Schatzker reports that sales of previously owned U.S. homes declined in May, showing an uneven recovery in residential real estate while manufacturing in the Philadelphia region shrank in June at the fastest pace in almost a year, showing the global economic slowdown is holding factories back. He speaks on Bloomberg Television's "Markets Makers." (Source: Bloomberg)