Economists take a U-turn on expected recession outcome

Mervin Jebaraj, a professor at the University of Arkansas who chairs the Economic Policy Survey for the National Association for Business Economics, says the group's most recent poll of members showed a remarkable turnaround of sentiment from just a few months ago. Two-thirds of the economists polled were confident the economy is headed for a soft-landing scenario now, as opposed to the March survey results which showed nearly 70 percent had no confidence in a good outcome. Also on the show, Joe Ferrara, investment strategist at Gateway Investment Adviser, talks about playing defense in these confusing market times, Elliott Gue of the Energy and Income Advisor tackles the Money Life Market Call, and Chuck talks about the closure of a fund that tracked the stock picks of CNBC stock-talker Jim Cramer.