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Saturday’s: 9AM 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 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 MOREJanuary 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 MOREPrivate-sector hiring picked up in January, as employers added 246,000 jobs, well above expectations, ADP reported. Economists had expected a January gain of 168,000, compared with an originally reported increase of 153,000 in December. ADP reduced December’s gain to 151,000
READ MOREJanuary ISM Manufacturing 56.0 vs. estimates of 55.0. ISM Prices Paid shot up to 69.0 beating estimates of 66.0. This ISM data is negative for bonds and interest rates.
READ MOREDecember Construction Spending -0.2% vs. of 0.2%. We await the Fed results later today.
READ MOREFOMC: Leaves Interest Rates Unchanged in unanimous vote. They said no change in their balance sheet reinvesment (MBS and Treasuries), but changed language from “may” hit 2% to “will” hit 2%. Continue to see solid job gains and moderate growth
READ MOREThe Bank of England left its key interest rate unchanged at 0.25%. Policymakers last cut the rate at the August meeting
READ MOREThe number of Americans who applied for unemployment benefits at the end of January fell by 14,000 to 246,000 vs. estimates of 250,000, an extremely low level that might foreshadow another solid employment report in the first month of the new year. Continuing Jobs 2.064 vs est of 2.065M. Preliminary 4th QTR Non-Farm Productivity 1.3%
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