10 Things You Need To Know This Morning

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dollar bills decorate store in Alaska

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Good morning. Here's what you need to know.
  • German finance minister Wolfgang Schäuble is calling for a "'two-step approach' that would leave bank rescues in the hands of 'a network of' national authorities until treaty changes can take place," according to the Financial Times. He has warned that one overarching bailout agency is not viable.
  • Retail sales for April unexpectedly climbed by 0.1%.  Economists were looking for a 0.3% decline.  Excluding autos and gas, sales jumped by 0.6%, beating expectations for a 0.3% increase.


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