00:00It's not quite eco-mageddon, but it is a lot of numbers this morning.
00:04Durable goods orders up eight-tenths of a percent.
00:07That's a strong number.
00:08X transportation up nine-tenths.
00:10So that tells me off the top without looking at the details.
00:13This is not just a Boeing story this time.
00:17Capital goods orders and non-defense X air were up 3.3 percent
00:22after a seven-tenths rise the month before.
00:26So a lot of strength in durables today.
00:28A suggestion that maybe AI is really strong.
00:32We'll take a look at what the breakdown of the numbers are.
00:35The advanced goods trade balance is wider than expected.
00:38Comes in at $87.9 billion for the month of March,
00:43with imports up 3.3 percent after 5.1 percent in February.
00:48That suggests still strength in the economy pulling goods in.
00:53Exports were up 2.5 percent.
00:56That's down from the 5.9 percent we saw in February.
01:00And then finally, we've got housing starts.
01:02They are down on the...
01:05They are up on the month by 10.8 percent.
01:08Could that be weather, or could it be just more confidence from builders out there?
01:131,502,000 pace for the year.
01:17It is building permits that were down 10.8 percent.
01:21So all in all, a fairly strong report suggesting some strength in the economy,
01:26which may have some implications for the Fed going forward.
01:29Are we going with that one?
01:29Darren Hoffman build Derry reaching out if we're trying to get the eternal road.
01:301,505,000 pace.
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