China's Cnooc Offers $15B for Canada's Nexen

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July 23 (Bloomberg) -- In "Street News," Bloomberg's Scarlet Fu reports on today's top stories including CNOOC is buying Nexen for $15 billion, Pimco's Bill Gross recommends real assets as U.S. 5 and 10-year Treasury yields fall to record lows and Penn State University will find out its punishment related to the Jerry Sandusky child sex abuse scandal at an NCAA press conference later this morning. She speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

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