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[color=green][size=5][b]US January prelim durable goods orders +0.4% vs -0.4% expected
Prior +1.3% (revised from +1.2%)[/b][/size][/color]
Durable goods ex transportation -0.1% vs +0.1% expected
Prior ex transportation +0.1% (revised to +0.9%)
Capital goods orders nondefense ex air +0.8% vs +0.2% expected
Prior capital goods orders nondefense ex air -1.0% (revised to -0.9%)
Capital goods shipments nondefense ex air +0.8% vs -0.2% expected
Prior capital goods shipmetns nondefense ex air 0.0% (revised to +0.1%)US February PPI final demand 0.1% v 0.2% expected
PPI Final Demand YoY 1.9% vs 1.9%.
Ex food and energy, 0.1% vs 0.2% est. YoY 2.5% vs 2.6% est and 2.6% last
Ex food and energy and trade, 0.1% vs 0.2% est. YoY 2.3% vs 2.5% last[color=limegreen][b][size=5]RALLY TIME … +200 on DOW … ALL GREEN ON WALL STREET 🙂
WHO NEEDS THE “GREEN NEW DEAL” on K STREET 😉 :woohoo:
Yesterday AOC grilled CEO of Wells Fargo like Perry Mason
and as one talk show host described “off the charts” 😉 :whistle: :whistle: :whistle:
Ohhhh the humanity :ohmy: [/size][/b][/color]
Brexit continues … amendments up for vote later today
The parliament speaker has selected the Spellman and Althouse amendments to be put to vote
The “Spelman amendment” (Amendment A – Cooper-Boles- Letwin-Spelman-Dromey) calls on government to rule out leaving the EU without a deal, and a framework for the future relationship,
The “Malthouse amendment” (Amendment F – Dodds-Mogg-Morgan-Green-Ids) calls on government to delay Brexit until May 22 to mitigate the consequences of leaving the EU without a deal. It looks to minimize disruptions by publishing a day 1 tariff schedule and to extend article 50 to May 22nd, and standstill agreemnt until December 30, 2021.
The votes on the amendments will take place at 1900 GMT/3 PM ET.
The vote on no-deal motion is scheduled for 1945 GMT
Atlanta Fed raised GDPNow 1Q forecast to 0.4% from 0.2% last
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.4 percent on March 13, up from 0.2 percent on March 11. After reports on durable manufacturing and construction spending were released by the U.S. Census Bureau this morning, the nowcast of first-quarter real gross private domestic investment growth increased from -2.9 percent to -2.4 percent, and the nowcast of first-quarter real government expenditures growth increased from 1.7 percent to 2.5 percent.
[color=orange][b]US Auctions 30-year bonds at 3.014%, lowest since July 2018 2.27
Prev 3.022%[/b][/color]
Bid/Cover 2.25 Prev 2.27
Results are on the soft side for the monthly 30-year bond auction, where coverage, at 2.25, was below the long-term average and demand from end investors lackluster, with non-dealers taking down 72 percent of the $16 billion offering, their smallest share since November.
The high yield, awarded at 3.014 percent, was 0.8 basis points lower than last month’s auction rate and the lowest awarded for the bond in 8 months.
[b]BREAKING USA NEWS – Trump ADMIN grounds Boeing 737 MAX in USA
https://www.dailymail.co.uk/news/article-6805505/Trump-grounds-Boeing-737-Max-planes-effectively-immediately-crash.html%5B/b%5D[color=red][b]UK Parliament votes 312-308 On No-Deal Brexit Amendment Block “on March 29”
[/b][/color]
Note didn’t rule it out No Deal beyond that this underscores once again that parliament will NEVER allow a no-deal Brexit.[quote=”CautiousInvestor” post=9947][b]BREAKING USA NEWS – Trump ADMIN grounds Boeing 737 MAX in USA
https://www.dailymail.co.uk/news/article-6805505/Trump-grounds-Boeing-737-Max-planes-effectively-immediately-crash.html%5B/b%5D[/quote]This isnt good on many levels – especially for Boeing, but chaos on many levels yet is basically ignored – like everything
Update what a mess …
UK Parliament votes to block a no-deal Brexit in 321-278 vote
This amended the earlier closs motion and removed the time constraint through March 29 but an amendment was narrowly passed that made it indefinite and that threw everything into chaos.
This will repercussion with the ERG in an untenable spot resignations from cabinet will be next.
Sarah Newton has resigned from UK cabinet.
PM May says “the House today has provided a clear majority against leaving the EU without a deal.”
However she says the “default in the law is that the UK will leave the EU without a deal unless something else is agreed.”
Pound rallies hard over 1.3350 after no deal rejection vote and UK press reports Downing St to start fresh talks with DUP Wed. evening
with more delay talk – more and more simply saying Brexit won’t happen.Live Scenes From UK Parliament #Brexit Amendment Festival
https://metro.co.uk/video/brawls-820th-atherstone-ball-game-1877586/?ito=vjs-link
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