Economist: Why US economy is torn right now

The U.S. economy is being pulled in opposite directions by two factors: a strong domestic economy and a teetering global economy, Joachim Fels said Wednesday. "The consumer's doing pretty well and is benefiting from lower oil prices and a strong labor market, [and] you have a pretty strong market, so domestic demand is doing well," Pimco's global economic advisor said in a CNBC " Squawk on the ...