U.S. Consumer Spending, Retail Outlook, Kraft

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Aug. 4 (Bloomberg) -- Jay Margolis, a Bloomberg Television contributing editor and a former retail executive, talks about U.S. consumer spending and outlook for the retail industry. Margolis, speaking with Deirdre Bolton, Hitha Prabhakar and Erik Schatzker on Bloomberg Television's "InsideTrack," also discusses Kraft Foods Inc.'s plans to spin off its North American grocery business. Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., also speaks. (Source: Bloomberg)

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