Applications for US unemployment benefits rose to the highest since June, with initial claims increasing by 8,000 to 237,000 in the week ended Aug. 30. Meanwhile, the US trade deficit widened in July to a four-month high as the goods and services trade gap grew nearly 33% from the prior month to $78.3 billion. Michael McKee breaks down the data on Bloomberg Television. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any