Baer Limits Europe Exposure
The Swiss bank, Julius Baer, has met profit estimates. It says it has only marginal exposure to Italy and no exposure to Spain, Portugal, Greece, or Ireland.
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El-Erian Sees Risk of Politics Contaminating Economics
59:29 - Mohamed El-Erian, chief economic adviser at Allianz SE and Bloomberg View columnist, talks about the risk of politics contaminating economics as he sees the new normal coming to an end. He speaks on "Bloomberg Daybreak: Americas." (El-Erian is a Bloomberg View columnist. The opinions expressed are his own.) (Source: Bloomberg)