US Jobless Claims Decline, December Trade Deficit Unexpectedly Widens

Applications for US unemployment benefits fell by the most since November as initial claims decreased by 23,000 to 206,000 in the week ended Feb. 14. Meanwhile, the US trade deficit widened in December, from the prior month to $70.3 billion, with the shortfall culminating in a full-year deficit of $901.5 billion. Michael McKee reports on Bloomberg Television.