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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
December 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.
READ MOREWeekly jobless claims fell by 15,000 to 234,000 last week. That came in lower than the 254,000 estimate. The prior week was revised higher by 2,000 to 249,000
READ MOREThe Philadelphia Federal Reserve’s gauge of manufacturing activity in the Mid-Atlantic region rose to 23.6 in January from a revised reading of 19.7 the month prior. The Wall St expectation was for a reading of 15.8. A reading above zero indicates expansion.
READ MOREThe Labor Department reports prices at the consumer level increased 0.3% in December, matching the estimate. Excluding the volatile food and energy components, prices were up 0.2%, also matching expectations.
READ MOREHome Builders Sentiment 67 vs. estimates of 70. Last month was revised lower from 70 to 69. Anything above 50 is good. Not a factor in interest rate pricing.
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