U.S. Retail Sales Unexpectedly Decline 0.5% in June

July 16 (Bloomberg) -- Bloomberg's Mike McKee reports that retail sales in the U.S. unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of the economy. The 0.5 percent drop followed a 0.2 percent decrease in May and was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for a 0.2 percent rise. He speaks on Bloomberg Television's "In The Loop."

Emirates NBD's Fox Expects to See U.S. Stimulus by Taxes
02:52 - Emirates NBD Bank Chief Economist Tim Fox weighs in on President Donald Trump's first 100 days in office and discusses his outlook for the U.S. economy. Fox speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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