The government's reading on consumer spending has gone up the most in seven months. Retail sales went up 0.2 percent in July. Bill Stone, chief investment strategist at PNC Financial Services Group, explains what this means for the economy.
David Brancaccio is the host of American Public Media’s Marketplace Morning Report, now a regular segment on NPR’s Morning Edition. His reporting focuses on the future of the economy, financial and labor markets, technology, the environment and social enterprises.