Charles Payne on Third Quarter GDP Growth: ‘If You Look at the Details, It’s Even Better Than the Headline’

PAYNE It is absolutely ░░░░░░░░ And let me tell ░░░░░░░░ I m sitting here ░░░░░░░░ through the data because ░░░░░░░░ headline doesn t do ░░░░░░░░ any justice Durable goods ░░░░░░░░ 45 percent nondurable goods ░░░░░░░░ are things we buy ░░░░░░░░ durable goods essentially are ░░░░░░░░ we buy that we ░░░░░░░░ going to own for ░░░░░░░░ years or longer like ░░░░░░░░ Nondurable goods up 82 ░░░░░░░░ Domestic investing this is ░░░░░░░░ we did as people ░░░░░░░░ businesses up 83 percent ░░░░░░░░ investing homes 59 percent ░░░░░░░░ Wow PAYNE So what ░░░░░░░░ us back obviously were ░░░░░░░░ building You know 59 ░░░░░░░░ these numbers are absolutely ░░░░░░░░ What held us back ░░░░░░░░ was government spending down ░░░░░░░░ percent structures which has ░░░░░░░░ a long going thing ░░░░░░░░ know businesses mostly invest ░░░░░░░░ technology rather than building ░░░░░░░░ plants They retrofit them ░░░░░░░░ the 21st century So ░░░░░░░░ is a long term ░░░░░░░░ that s been in ░░░░░░░░ anyway But if you ░░░░░░░░ at the details it ░░░░░░░░ even better than the ░░░░░░░░