Slok: Housing Profoundly Impacted by Rental Economy

Torsten Slok, chief international economist at Deutsche Bank Securities, examines the health of the U.S. housing market as the U.S. moves deeper into a rental economy. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Alibaba Sales, Profit Top Estimates
27:21 - Alibaba closes at a record high in New York after reporting sales and earnings that topped analysts' estimates. Revenue jumped 56%, with profit nearly doubling in the June quarter. Bloomberg's Selina Wang reports on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
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