Wells Fargo's Vitner Interview on U.S. Economy, Jobs

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Aug. 5 (Bloomberg) -- Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, talks with Bloomberg's Rishaad Salamat about the outlook for the U.S. economy and housing market. Consumer spending, pending home sales and factory orders were all weaker than projected in June, showing the U.S. recovery lost momentum heading into the second half of the year as employment stagnates. Household purchases, which account for about 70 percent of the economy, were unchanged from May, according to figures from the Commerce Department issued Aug. 3 in Washington. (Source: Bloomberg)


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