Durable goods orders down over 1%

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.