Are Macau Casinos a Losing Bet?
Macau casino stocks just had their worst week since January, and for Invesco’s Paul Chan, there’s no let up in sight. A gauge containing Sands China Ltd. and other casino operators sank 5.5 percent in the five-day period, after rallying at almost triple the pace of the MSCI Hong Kong Index since a January low. Bloomberg's Yvonne Man has more on "First Up." (Source: Bloomberg)
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Full Show: Bloomberg Daybreak: Americas (08/16)
53:37 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Jon Beinner, co-head of global fixed income at Goldman Sachs Asset Management, Shawn Golhar, head of public policy research at Barclays Capital, and Rep. Tom Reed, a member of the House Ways and Means Committee and a Republican from New York. (Source: Bloomberg)