Ralph Lauren to Close Flagship Fifth Avenue Store

Ralph Lauren Corp. plans to close its flagship Polo store on New York's Fifth Avenue, along with other locations, as it cuts jobs amid declining sales and profits. Bloomberg Gadfly's Shelly Banjo reports on "Bloomberg Markets." (Banjo is a Bloomberg Gadfly columnist. The opinions expressed are her own.) (Source: Bloomberg)

Yale's Stephen Roach Says China Has a Debt Problem
58:09 - Yale University Senior Fellow Stephen Roach discusses S&P's downgrade of China's sovereign credit rating. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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