Durable goods orders paint mixed picture
Genna Dubrob stitches a mattress at McRoskey Mattress in San Francisco, California. The Commerce Department released new durable goods figures today.
The commerce department says we're buying more stuff -- big stuff meant to last three years or more, like cars, machinery, and airplanes. In economist speak, these things are called "durable goods," and the government says orders for durables are up. But the headline number could be a little misleading. Chris Low, chief economist at FTN Financial, tells Marketplace Morning Report guest host Lizzie O'Leary why.