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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
January Chicago PMI 50.3 vs. estimates of 55.0. This is certainly much lower than expected, but any reading above 50 is shows expansion. Tomorrow’s National ISM number is more important but generally, this would be a slight positive for interest rate pricing.
READ MOREJanuary Consumer Confidence 111.8 vs. estimates of 112.5. This is very close to expectations and a good reading as well. Not enough of a miss to cause a continued rally though for interest rates.
READ MOREU.S. consumer purchases climbed in December by the most in three months as incomes picked up, signaling a strong hand-off into 2017. The 0.5 percent advance in consumption, which accounts for about 70 percent of the economy, followed a 0.2 percent advance in the prior month, a Commerce Department report showed Monday. The December increase
READ MOREThe first reading on fourth-quarter gross domestic product showed the U.S. economy grew at a slower annualized pace of 1.9%, according to the Commerce Department. Economists expected growth at a 2.2% clip. The final reading on third-quarter growth was 3.5%.
READ MOREDecember Durable Goods Orders -0.4% vs. estimates 2.6%. Durable Goods Ex Transportation 0.5% vs. estimates 0.5%. Overall this is a mixed bag. The headline durable goods orders were much lighter than expected, but stil much better than November When you strip out airplance, etc it was in line with estimates.
READ MOREThe number of Americans who applied for unemployment benefits climbed by 22,000 to a one-month high of 259,000 in late January, but the level of layoffs remained extremely low.
READ MOREAn early look at U.S. trade patterns in December shows a small drop in the nation’s trade deficit. The trade gap in goods — services are excluded — slipped 0.5% to $65 billion. The full report will be released next week.
READ MOREDecember Existing Home Sales 54.9M vs. estimates of 5.52M. Basically, in line with estimates, not a factor in pricing.
READ MOREThe European Central Bank left its key refi rate at zero. The ECB also left its deposit rate at a negative 0.40%. That means banks continue to pay to have their money parked at the bank. Asset purchases remain at 80 billion euros per month until end of March, then 60 billion euros per month
READ MOREHousing starts came in at an annual rate of 1.226 million in December. That topped the estimate for 1.200 million. Building permits, which are a sign of future activity, came in at 1.210 million, missing the estimate for 1.225 million.
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