Macro Briefing: 28 October 2021

* Quick deal on Dem’s social-spending agenda falls apart
* US reportedly training troops in Taiwan
* Top US general says China’s hypersonic weapons test is “very concerncing”
* One-third of China’s property developers will struggle to repay debts
* Chip shortage takes toll on profits at GM and Ford
* US economic growth projected to slow in Q3, but a rebound is expected
* US trade deficit for goods surged in September as exports fell
* New US orders for durable goods fell in September at headline level:

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