US Trade Deficit At $38.7 Billion, Better Than Expectations Of $43.8 Billion

U.S. Trade Deficit Plunges as Exports Hit Two-Year High
Aided by a jump in exports and a dip in imports, the U.S. Trade Deficit unexpectedly plunged 13.2% in October to $38.7 billion -- the Lowest Level since January, the U.S. Commerce Department announced Friday. A Bloomberg survey had expected the Trade Deficit to remain unchanged in October at $44.0 billion, after a revised $2.3 billion drop to $44.6 billion in September. Deficit with China Narrows In October, exports surged 3.2% to a two-year high of $158.7 billion after an 0.5% increase in ...

US trade deficit shrinks on exports surge
The US Trade Deficit narrowed more than expected in October to the smallest gap since January, thanks to a surge in exports underpinned by a weaker dollar, official data showed Friday. The Commerce Department reported the trade gap stood at a seasonally adjusted 38.7 billion US dollars, down some 13 percent from a revised 44.6 billion US dollars in September. The improvement in the trade balance was much better than the 44.5 billion dollar Deficit expected by analysts. The September gap was revi...

US trade deficit shrinks on exports surge
A cargo ship loads up at the docks of Baltimore harbor in September 2010. T... The US Trade Deficit narrowed more than expected in October to the smallest gap since January, thanks to a surge in exports underpinned by a weaker dollar, official data showed Friday. The Commerce Department reported the trade gap stood at a seasonally adjusted 38.7 billion dollars, down some 13 percent from a revised 44.6 billion dollars in September. The improvement in the trade balance was much better than the 4...

Trade deficit narrows as exports hit two-year high
The U.S. Trade Deficit narrowed more than expected in October as exports hit a two-year high and The Dollar weakened.  The gap shrank to $38.7 billion down from $44.6 billion in September, a decrease of 13.2 percent and the smallest difference since January, the Commerce Department reported Friday.  The increase in imports is good news for the Obama Administration that is pushing to double exports in five years as part of a plan to increase Economic Growth and cut into high levels of unemplo...

Trade gap narrows more than expected in October
WASHINGTON (Reuters) - The U.S. Trade Deficit narrowed much more than expected in October, as exports rose a robust 3.2 percent and imports declined slightly in the face of slackening demand for industrial and petroleum products, a Commerce Department report showed on Friday. The trade gap totaled $38.7 billion, down from a revised estimate of $44.6 billion for September. Analysts surveyed before the report had expected the October Trade Deficit to narrow just slightly to about $43.60 billion. T...

Markets in limbo over trade figures
Published: Dec. 10, 2010 at 10:32 AM NEW YORK, Dec. 10 (UPI) -- U.S. markets opened flat Friday morning with investors considering Chinese and U.S. trade balance reports and a tighter monetary policy in Beijing. In midmorning trading on Wall Street, the Dow Jones industrial average shed 0.02 percent, 2.42 points, to 11,367.64. The Standard & Poor's 500 index added 0.05 percent, 0.60, to 1,233.60. The NASDAQ composite index gained 0.04 percent, 1.17, to 2,617.84. The benchmark 10-year treasury no...

Pre-recession export totals at SoCal ports
LOS ANGELES, Dec. 10 (UPI) -- The two major ports in Southern California are on course to handle almost as much export business in 2010 as before the global Recession, trade analysts say. At the same time, Los Angeles International Airport, the region's top air freight hub, is on track to post its top year ever for exporting cargo, the Los Angeles Times reported Friday. Imports -- which represent the major portion of cargo handled at the Los Angeles and Long Beach ports -- are not performing as ...

Demand For U.S. Goods Pushes Down Trade Deficit
The U.S. Trade Deficit fell to its Lowest Level in nine months, as growing demand for American goods overseas pushed exports to their highest level in more than two years. The Commerce Department says the Trade Deficit narrowed to $38.7 billion in October. The figure was 13.2 percent below September's Deficit of $44.6 billion. U.S. exports rose 3.2 percent to $158.7 billion, the highest level since August 2008. Sales of American-made machinery, farm products and autos fueled the growth. Imports ...

My ethical oil testimony at the House of Commons
Yesterday I testified before the House of Commons standing committee on natural resources, about my book Ethical Oil. It was a good chance to take my message to Parliament. Nathan Cullen, the NDP MP, didn't much like me being there. He raised a point of order, complaining that my visit was being televised. He didn't dare debate me -- he wouldn't ask me a single question -- but he did try to Filibuster my presentation with his complaints that too many people were watching. How pitiful and petty -...

My testimony to the Natural Resources committee
Here's the text of my remarks to the Parliamentary Natural Resources committee, as drafted. When I find a link to the official transcript, which would include the questions and answers that followed, I'll post that too. If I have time I'll talk more about one of the other witnesses who appeared at the same time as me, an Aboriginal rights advocate from Fort Chipeywan. I disagreed with much of what he said (including his outrageous statement that oil companies are "brainwashing" Aboriginal youth ...

PISA 2009: Performance of U.S. 15-Year-Old Students in Reading, Mathematics, and Science Literacy in an International Context
This report by the OECD’s Program for International Student Assessment (PISA) “is an international assessment that measures the performance of 15-year-olds in reading literacy, mathematics literacy, and science literacy every 3 years. First implemented in 2000, PISA is coordinated by the Organization for Economic Cooperation and Development (OECD), an intergovernmental organization of 34 member countries. In all, 60 countries and 5 other education systems participated as partners in PISA 2009.

What's Bigger Than Harry Potter?
The live-action feature film version of the Anime classic Space Battleship Yamato (aka Star Blazers) has dethroned Harry Potter and the Deathly Hallows - Part 1 as the top movie in Japan. According to The Hollywood Reporter, Space Battleship Yamato has made $12 million (or almost 1 billion yen) since its December 1 bow. Deathly Hallows - Part 1 dropped down to second place. The trade says Space Battleship Yamato "has already been sold to Taiwan, Hong Kong, Thailand, Singapore, France and Germa...

U.S. trade deficit narrows sharply in October to $38.7 billion, lowest level in 9 months.
WASHINGTON (AP) - U.S. Trade Deficit narrows sharply in October to $38.7 billion, Lowest Level in 9 months. ...

US trade deficit narrows sharply in October to $38.7 billion, lowest level in 9 months
WASHINGTON (AP) — U.S. Trade Deficit narrows sharply in October to $38.7 billion, Lowest Level in 9 months....

Trade deficits narrows to 9-month low in October
WASHINGTON (AP) — The U.S. Trade Deficit fell to its Lowest Level in nine months, as growing demand for American goods overseas pushed exports to their highest level in more than two years. The Commerce Department says the Trade Deficit narrowed to $38.7 billion in October. The figure was 13.2 percent below September’s Deficit of $44.6 billion. U.S. exports rose 3.2 percent to $158.7 billion, the highest level since August 2008. Sales of American-made machinery, farm products and aut...

Trade Deficit Falls To 9-Month Low On Big Demand From China, India
WASHINGTON — The U.S. Trade Deficit fell to its Lowest Level in nine months, as growing demand for American goods overseas and a falling dollar pushed exports to their highest level in more than two years. The Trade Deficit narrowed to $38.7 billion in October, the Commerce Department reported Friday. The figure was 13.2 percent below September's Deficit of $44.6 billion. U.S. exports rose 3.2 percent to $158.7 billion, the highest level since August 2008. Sales of American-made machinery, f...

Trade Deficit Dips As Exports Rise
What is this? The nation's Trade Deficit narrowed to $38.7 billion in October, from $44.6 billion the month before, as exports rose to their highest level since August 2008, the Census Bureau just reported. The Associated Press adds that the Deficit stood at hits "Lowest Level in nine months" in large part because of increased demand for U.S.-made "machinery, farm products and autos fueled the growth."...

US trade deficit narrows sharply
The US Trade Deficit narrowed sharply in October to a much lower than expected $38.7bn. Wall Street analysts had expected the Deficit to be $43.6bn, only slightly below the revised $44.6bn for October. The surprise number was due to a 0.5% fall in imports versus the previous month, suggesting spending in the US remains subdued. Exports rose 3.5%. Despite the strong performance for the month, the US Deficit for 2010 as a whole has risen considerably. At the current rate, it is on course to reach ...

Dollar ticks higher as trade deficit shrinks
NEW YORK (AP) - The Dollar ticked higher Friday morning in New York after a report showed the gaping U.S. Trade Deficit shrank in October. The Dollar traded in tight ranges after the latest move from China to tamp down on bank Lending and Inflation, which could cool down its rapid Economic Growth. The euro traded at $1.3221 Friday from $1.3238 late Thursday, while the British pound rose to $1.5781 from $1.5750 and the dollar gained to 83.87 Japanese Yen from 83.70 yen. The U.S. government sai...

Trade Deficit Dips As Exports Rise
What is this? The nation's Trade Deficit narrowed to $38.7 billion in October, from $44.6 billion the month before, as exports rose to their highest level since August 2008, the Census Bureau just reported. The Associated Press adds that the Deficit stood at hits "Lowest Level in nine months" in large part because of increased demand for U.S.-made "machinery, farm products and autos fueled the growth."...

Dollar ticks higher as trade deficit shrinks
The dollar ticked higher Friday morning in New York after a report showed the gaping U.S. Trade Deficit shrank in October. The Dollar traded in tight ranges after the latest move from China to tamp down on bank Lending and Inflation, which could cool down its rapid Economic Growth. The euro traded at $1.3221 Friday from $1.3238 late Thursday, while the British pound rose to $1.5781 from $1.5750 and the dollar gained to 83.87 Japanese Yen from 83.70 yen. The U.S. government said Friday that the t...

Trade Deficit decreases in October
by CalculatedRisk on 12/10/2010 08:30:00 AM The Census Bureau reports: [T]otal October exports of $158.7 billion and imports of $197.4 billion resulted in a goods and services Deficit of $38.7 billion, down from $44.6 billion in September, revised. October exports were $4.9 billion more than September exports of $153.8 billion. October imports were $0.9 billion less than September imports of $198.4 billion. Click on graph for larger image. The first graph shows the monthly U.S. exports and im...

Trade deficits narrows to 9-month low in October
In this Dec. 8, 2010 photo, containers are loaded onto vessels at the Port of Miami in Miami is shown. The U.S. Trade Deficit fell to the Lowest Level in nine months as imports declined while sales of American-made machinery, farm products and autos pushed exports to the highest level in more than two years. The U.S. Trade Deficit fell to its Lowest Level in nine months, as growing demand for American goods overseas pushed exports to their highest level in more than two years. The trade Deficit...

Women of the International Pole Dancing Championships
Zoraya Judd says there is nothing she would rather do than pole dance. She's one of the best in the world at it and someday, she says, there might even be a place for her talents in the Olympics. Riding a wave of popularity that has transformed a striptease genre into a cleaned-up and clothed version for fitness clubs around the world, Judd and dozens of the world's top pole dancers - male and female - gathered in Tokyo this week for the International Pole Dancing Championships, a premier event ...

Big fat red faces for Singapore leaders
So say some of Singapore's highest ranking officials, according to leaked US State Department cables which are likely to spark intense political Controversy in the region. The cables, leaked exclusively to The Sun-Herald by Wikileaks, detail separate meetings between senior US officials and Singapore's Foreign Affairs chiefs Peter Ho, Bilahari Kausikan and Tommy Koh. The trio, who at the time of the 2008 and 2009 cables occupied some of the most senior positions in the Foreign Ministry, all give...