U.S. Economy, Consumer Spending, Outlook

Play

Aug. 2 (Bloomberg) -- James O'Sullivan, chief economist at MF Global Inc., talks about U.S. consumer spending data for June and the outlook for the economy. Purchases unexpectedly declined by 0.2 percent in June, the first time in almost two years, Commerce Department figures showed today in Washington. Sullivan speaks on Bloomberg Television's "InBusiness With Margaret Brennan." Former U.S. Treasury Secretary Paul O'Neill also speaks. (Source: Bloomberg)