Fiscal Talks to Produce `Phony Deal,' Roach Says

Dec. 19 (Bloomberg) -- Stephen Roach, professor at Yale University, talks about the outlook for U.S. lawmakers to reach an agreement to avert the so-called fiscal cliff of tax increases and spending cuts. Roach also discusses the economies of the U.S. and China and Federal Reserve monetary policy. He speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Missile Fired May Be North Korea's 9th This Year
49:58 - North Korea conducted another missile test early Monday as Kim Jong Un’s regime continued to defy sanctions against nuclear weapons development and escalate tensions on the Korean Peninsula. Bloomberg's Daniel Ten Kate reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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