'Tis the Season to Shop & Be Merry Despite Inflation

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 17 November 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Nov 16,2021: Tony Greer returns to the Daily Briefing to discuss a spike in retail sales in October, even in the face of rising inflation. Not only are sales up 1.7% from the previous month, but also up 16.3% year-over-year. This is as a result of the combination of U.S. households having extra cash from the stimulus money and a frenzy to get holiday shopping started early this year to avoid supply chain issues choking the availability of gifts as industrial production continues to be riddled with volatility. Germany suspended certifying the controversial Russian pipeline, causing natural gas prices to shoot up from concerns of low fuel this winter in Europe. In the crypto world, Bitcoin and Ethereum fell sharply retreating from near-record highs. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3kFYu6c Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Mailchimp would like to talk to you about customers.
0:03.6	A customer is what happens when marketers fail to personalise their marketing,
0:07.7	grouping customers with very different behaviours into one tangled mess.
0:11.8	But with MailChimp, marketers can use real-time behaviour data to personalise every email for every customer.
0:18.2	So get MailChimp and turn your customers into customers.
0:22.4	Into it MailChimp, the number one email marketing and automation brand.
0:26.7	Based on customer numbers for verification email, advertising at MailChimp.com.
0:30.2	Welcome to the RealVision podcast network.
0:42.4	Welcome to the RealVision Daily Briefing.
0:44.1	If I'm wearing a necktie, you already know what day it is.
0:47.0	It's TG Tuesday, November 16, 2021.
0:50.4	I'm Ash Bennington joined very shortly by Tony Greer.
0:54.7	A few points to hit at the top of the show.
0:56.8	What's happening in markets right now?
0:59.2	Retail sales rose 1.7% in October.
1:03.0	This is for all items and excluding autos up.
1:06.2	Biggest increase since March, fastest rise since the 1990s.
1:10.2	Industrial production, a bit of a surge for the month of October,
1:13.7	up one spot, 6% for the month.
1:16.4	Some volatility in those numbers, September,
1:18.8	had shown a decline of 1.3%.
1:22.6	Let's take a look here.
	...

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