Durable goods orders down over 1%
Employees work in a monitoring office at the crisis unit of Europe's biggest Internet provider and third mobile operator France Telecom-Orange on July 7, 2012.
Stacey Vanek Smith: Durable goods orders are out this morning. Those are sales of big ticket items like computers and equipment. It's seen as a way to measure for how much companies are investing in future growth. In word: They're not. Durable goods orders were down more than a percent in June -- the most in five months.
Joining us to discuss is Adolfo Laurenti, deputy chief economist for Mesirow Financial in Chicago.