Walmart Credits US Tax Reform for Minimum Wage Boost

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The US retail giant lifts hourly pay to $11 but also announces store closures. Carolyn Davis, from employee group OUR Walmart, says the company must do more. An update from Peru where thousands of people have taken to the streets to protest in the wake of a growing corruption scandal. And, as US bond prices tumble, what could bring the remarkable three decade bond bull market to an end? Mohamed El-Erian, chief economic adviser at Allianz, delivers his verdict. Picture: A shopping cart sits outside of a Walmart store. (Credit: Scott Olson/Getty Images)