U.S. Jobless Claims Rise; Consumer Spending Climbs

Jan. 31 (Bloomberg) -- U.S. initial jobless claims rose 38,000 in the week ended Jan. 26, the most since Nov. 10, to 368,000, the Labor Department reported today in Washington. Separately, consumer spending in the U.S. climbed in December as incomes grew by the most in eight years. Household purchases, which account for about 70 percent of the economy, rose 0.2 percent after a 0.4 percent gain the prior month, a Commerce Department report showed. Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Lululemon Shares Plummet as Forecast Disappoints
12:57 - Shares of Lululemon Athletica Inc. declined in early trading after the company's forecast fell well short of analysts' expectations. Bloomberg Gadfly columnist Shelly Banjo reports on "Bloomberg Daybreak: Americas." (Gadfly is a Bloomberg Gadfly columnist. The opinions expressed are her own.) (Source: Bloomberg)
  • Ian Bremmer Says Le Pen Can Really Win and Cause Crisis
  • U.S. Economy Grew at 2.1% Pace in Fourth-Quarter
  • Trump, Mnuchin Turn Focus to Tax Reform