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

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 28 October 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Real Vision Podcast Network.
0:12.1	Welcome to the Real Vision Daily Briefing.
0:13.6	It's Wednesday, October 27, 2021. I'm Ash Bennington.
0:18.1	We have a great show today. Two guests, Peter Bookvart, CIO,
0:22.5	of Bleakly Advisory Group, and the book report.
0:25.4	And Darius Dale, founder and CEO of 42 macro. Welcome to you, gentlemen, both lots happening today.
0:33.6	Looks like a pretty nasty close here.
0:35.6	A number is still bouncing around a little bit.
0:37.9	But it looks like Dow Jones industrial average off zero spot, seven four percent.
0:42.9	Settling down looks like 35,491 S&P off. Looks like over half a percent.
0:50.9	Settling down here at the end of the day at 4551.
0:56.4	Big loser of the day, Russell 2K off over 1.5% to 2,260.
1:05.6	Lots to talk about. Durable goods trade and international goods and pretty ugly prints coming out.
1:11.2	Let's pull both of you guys in great to have both of you with us today.
1:15.2	We're talking a little bit at the top of the show.
1:17.1	Let's have you give a 50,000 foot overview of what you each think is happening in markets right now.
1:24.1	Peter, it's been a while since you and I have been together on the show.
1:27.2	Give us your view of what's happening right now.
1:31.3	So I'm coming to the markets with the angle that inflation is persistent and sustainable.
1:38.4	More so than the transitory argument claims.
1:42.4	And therefore, a lot is drawing from that.
1:45.7	We have companies that are dealing with all these inflation pressures.
	...

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