Lisa DeNight

Explore how the pandemic, tariffs and fuel shocks continue to reshape supply chains and demand with #Newmark's latest report: Shocks to the System: Market Durability Is the New Lens for U.S. Industrial Amid Permanent Volatility. Read it now ➡️ nmrk.re/487khN1 #CRE

GOLDMAN: “.. we now expect the drag on growth from higher oil prices to roughly offset the boost to growth from the 2025 fiscal bill.” #OBBBA

It was a delight to discuss all things industrial with my @Newmark colleague Sergio Perez on his podcast. youtu.be/zBCBzz_O1II?si…

Someone in the comments to the Dallas Fed Manufacturing Survey decided to get poetic

From this morning's WSJ Logistics email - 4.4 million man-hours required under the current system to refund each of 53 million entries by more than 330,000 importers for IEEPA tariff payments, according to U.S. Customs and Border Protection

The Supreme Court on Friday struck down a huge chunk of President Donald Trump's far-reaching tariff agenda. The law that undergirds those import duties "does not authorize the President to impose tariffs," the majority ruled. Full details: cnb.cx/4kVQyvF

Appearing on ‘The Exchange’ with @CNBC, #Newmark's Lisa DeNight emphasized that industrial leasing presents a tailwind to AI buildout as she takes a sharp look at the rise of 3rd party logistics and the end of de minimis loophole. Watch the video here: nmrk.re/4mV6IFN

I know this might sound crazy, but hear me out. Raising tariffs on imports by a mid-teens percent will significantly increase the cost of raw materials and product components, driving producer prices higher. This will lead to increased product and services price inflation due to the elevated costs, raising the risk of stagflation.

My plan to revive American manufacturing is to: raise the price of inputs like steel, aluminum & copper; create shortages of rare earths; invite retaliatory tariffs; cut R&D; raise borrowing costs by blowing out the budget; and to cover it all in a thick cloud of uncertainty.

The heroes at the Yale Budget Lab are calculating tariff faster than Trump can change them. Right now the tariff rate is up +15.6 %-pts to 18 percent, roughly ten times that of other industrialized nations, and the highest since 1934. budgetlab.yale.edu/research/state…

Amazon projected to ship more than USPS by 2028: Pitney Bowes supplychaindive.com/news/amazon-po… via @SupplyChainDive

There are signs that shipping companies are shying away from the Strait of Hormuz. Great interview with JOC's Peter Tirschwell who discusses the potential disruption to global shipping as a result of escalating conflict between Israel and Iran. cnbc.com/video/2025/06/…

This will be interesting to watch - A class-action lawsuit against Costco has been filed, claiming the company misled customers by advertising “free shipping” online while quietly embedding shipping costs into product prices. kiro7.com/news/local/cos…

For those playing along...

E-commerce continues to evolve in such interesting ways... wsj.com/articles/walma…

Lisa DeNight has been promoted to Managing Director, Head of North American Industrial Research, driving the strategy and elevation of the sector’s research offering for a more comprehensive perspective on the industrial dynamics shaping North America. nmrk.re/4irIGzc

In the 3 weeks since the tariffs took effect, ocean container bookings from China to the United States are down over 60% industry wide. 🧵

$AA Alcoa CEO: "...the administration has asked us, are we likely to reshore aluminum production in the United States? We make decisions around aluminum production that are a horizon of 20 to 40 years. We would not be making an investment in the United SS based on a tariff structure that could be in place for a much shorter period of time"

China tariff changes in the last 10 days: April 2: 54% April 8: 104% April 9: 145% April 12: Exempts electronics bringing average weighted rate back to 104%. My head is spinning.

China is discouraging Shein from moving some production overseas as Trump's tariff war escalates bloomberg.com/news/articles/… via @business