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Real Vision: Finance & Investing

Hottest CPI in 30 Years And Rivian Goes Public

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 11 November 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

DB-Nov 10,2021: There’s no question about it: inflation is not transitory. The latest Consumer Price Index revealed prices of everything except food and energy went up 4.6%, the quickest spike since August 1991. The CPI also showed a 6.2% surge from October last year. U.S. consumers are feeling the hike in energy prices—oil is at nearly $82 a barrel, and electricity bills are at the highest they’ve been since 2009. Meanwhile, more automobile companies are joining the race to give Elon Musk a run for his money. The latest to enter the fray of Tesla rivals is the electric-vehicle startup Rivian, which debuted in trading today with the highest Initial Price Offer since 2014, starting at $78. The company’s valuation has already beaten Ford and General Motors. Jared Dillian, the editor of The Daily Dirtnap, joins Ash Bennington to discuss all of this and more. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3n2nIxm Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:03.6

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0:07.8

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0:18.2

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0:22.4

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0:26.8

Based on customer numbers for verification email, advertising at Mailchimp.com.

0:30.2

Welcome to the Real Vision Podcast Network.

0:42.4

Welcome to the Real Vision Daily Briefing.

0:43.8

It's Wednesday, November 10, 2021.

0:46.6

I'm Ash Bennington, joined today by the Daily Dirtnapp's Jared Dillion.

0:51.2

But first, let's take a look at our top stories today.

0:54.4

Top story, you already know it, it's inflation.

0:57.2

CPI, let's call it what it is, it's a melt-up.

1:00.2

Let's run through the numbers here.

1:02.0

I think it's worth going through all of these just to give you a sense and a context of what's happening here.

1:07.2

So CPI, month over month, this is monthly change.

1:10.6

0.9% in a single month, positive jump.

1:14.8

CPI, year over year, this is from prior year, 6.2% up.

1:21.8

CPI core, this is X food and energy on a month over month basis.

1:26.6

It's up 0.6%.

1:29.6

X food and energy, year over year, up 4.6%.

...

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