US durable goods orders rose 2.5 percent in November, following after a 0.4 percent decrease in October. New orders for transportation equipment surged 6.5%, powered by a 34.1% increase in new orders for nondefense aircraft and parts. Total durable goods orders rose 2.5% month-over-month in November (consensus +1.5%). November Durable Goods Orders Highlights US Durables Goods Orders Nov P: 2.5% (exp 1.8%; prev -0.4%) US Durables Ex-Transportations Nov P: 0.8% (exp 0.6%; R prev 0.3%) New orders for primary metals … Continue reading “Surge in Transportation Equipment See US Durable Goods Orders Jump”
US durable goods orders fell 0.5 percent in October, following after a 0.4 percent decrease in September. Transportation equipment (-2.6 percent), specifically nondefense aircraft and parts (-14.5 percent) and defense aircraft and parts (-21.8 percent). Total durable goods orders rose 1.8% month-over-month in August (consensus +0.6%). October Durable Goods Orders Highlights US Durable Goods Orders Oct P: -0.5% (est 0.2%; prev -0.3%; prevR -0.4%) US Durables Ex-Transportation Oct P: 0.5% (est 0.5%; prev 0.5%; prevR 0.7) Orders declined for … Continue reading “US Durable Goods Fell Again In October With Slumping Aircraft Orders”
US durable goods orders rose in August, following an upwardly revised 0.5% increase from -0.1% in July. Business spending remained positive with the 0.5% increase in nondefense capital goods orders excluding aircraft.
US durable goods orders fell in July, first decline in 3 months. However excluding transportation rose. Of note nondefense capital goods orders, excluding aircraft, which is seen as a proxy for business spending were flat after rising 1.0% in June.
Domino’s Pizza is having another foray into self-driving pizza delivery, They have partnered with autonomous driving tech startup Nuro in Houston to deliver pizza’s to counter a driver shortage and growing demand. Domino’s and Ford ran a pilot self driving project in 2017. Who get’s the tip?
Railway companies have long been a favorite of investor legend Warren Buffett. We get to guage the underlying strength he looks for with earnings from railway giants $CSX, Canadian Pacific $CP and Kansas City Southern $KSU.