Detailed text transcripts for TV channel - MSNBC - 20100717:15:11:00
Worrysome thing. >> and what about retail sales? you know, dropping for the second straight month in june. it does have a lot of people asking, where is the recovery? >> where is the recovery? the catalyst to consumer spending, as you very well know, are jobs. something that is eluding us. it's the missing piece of the economic puzzle. so retail sales down yet again for the second consecutive month which shows us that the recovery is sort of slipping into a lower gear. it raises concerns about a double dip. and until we have real jobs, real growth, consumers are going to be holding back. they'...