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U.S. Trade Deficit Widens Another $8.2 Billion and Durable Goods Orders Decline

U.S. Trade Deficit Widens Another $8.2 Billion and Durable Goods Orders Decline

FromReal Vision Daily Briefing: Finance & Investing


U.S. Trade Deficit Widens Another $8.2 Billion and Durable Goods Orders Decline

FromReal Vision Daily Briefing: Finance & Investing

ratings:
Length:
36 minutes
Released:
Oct 28, 2021
Format:
Podcast episode

Description

DB-Oct27,2021: Orders for durable goods, big-ticket items that are meant to last over three years, have fallen 0.4% in September, the first decline since April of this year. This comes amid continuing labor shortages and increased material costs. General Motors and Boeing Co. specifically have felt the brunt of the supply chain issues with the releases of their quarterly earnings today, demonstrating less than stellar reports. The U.S. trade deficit also widened another 9.2%, equating to an additional $8.2 billion deficit. Real Vision Daily Briefing viewers are in for a treat as both Darius Dale, founder and CEO of 42 Macro, and Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, come together to discuss the macro variables impacting the economy. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3mjYv0X
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Released:
Oct 28, 2021
Format:
Podcast episode

Titles in the series (100)

This is where finance matters. Featuring “The Knock-On Effect,” the show that starts with the financial or economic event you’ve heard about and takes you to a weird place. The financial world is more complex and more fun than you might think, and in this weekly show, Justine Underhill, Alex Rosenberg and Roger Hirst prove it.