US Core Capital Goods Orders Fall by Most Since October

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Transcript

00:00Good morning, Durable Goods Orders. This morning we're keeping track of what businesses are

00:03spending to see how they've been affected by the tariffs. And they have been affected,

00:07although the headline number down 6.3 percent is really a Boeing story, as it almost always is.

00:13Boeing orders down 51 percent during the month of April. The computers and electronic products,

00:21computers and related products, communications equipment, all this stuff that we get from Asia

00:25down on the month. So capital goods orders non-defense ex-air down 1.3 percent after rising

00:33by three-tenths of a percent the month before. So it looks like we are seeing something of a

00:40pullback in business spending as they get ready for tariffs.