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Surprising Trade Data Helps GDP But Raises Concerns

The sharp decline in the trade deficit is good for the GDP calculation, but casts some doubt on the strength of consumer demand, says Morningstar’s Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We had some surprising data this week, and also some confirmation of trends that we've seen happening in the past. I'm here with Bob Johnson, he's our director of economic analysis, for his take. Bob, thanks for joining me.

Bob Johnson: Great to be here today.