| Markets are up. | ||||||||||||||
| Index | Direction | Change | Units | Time | Change | Index | Direction | Change | Units | |||||
| Dow | Up | 58 | points | 18,178 | 7:18 AM | N/A | N/A | Dow | Up | N/A | points | N/A | ||
| S&P500 | Up | 0.2% | percent | 2,127 | 4.32 | 10:18am | N/A | |||||||
| Nasdaq Composite | Up | 0.1% | percent | 5,158 | 3.87 | 10:18am | N/A | |||||||
| 30 Year Treasury | Up | 5 | Basis Points | 3.20 | Annual Yield | 10:03am | N/A | |||||||
| The Commerce Department reports orders for durable goods minus defense and aircraft rose 0.4% in May for the second gain in three month. Overall orders for durable goods fell a seasonally adjusted 1.8% last month, but the drop stemmed mostly from a 35% decrease in bookings for commercial aircraft, a category with sharp swings. Orders for durable goods in April, were revised to 1.5% drop instead of 1% decline. | ||||||||||||||
| The Hill reports the Senate is due to take a test vote on “fast track” trade authority today, and the bill needs 60 yes votes. President Obama can afford no more than three Democratic defections. As of last night, he had not yet secured promises from all the Democrats he needs. | ||||||||||||||
| If the economy unfolds as expected, condition for two rate hikes this year could be in place as soon as September, said Federal Reserve Governor Jerome Powell. The Fed has set two conditions for a rate hike: Continued improvement in the labor market and confidence that inflation is moving toward the central bank’s 2% annual target. | ||||||||||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | ||||||||||||||
| http://www.marketwatch.com/story/businesses-cautious-as-durable-goods-orders-slip-in-may-2015-06-23 | ||||||||||||||
| http://www.marketwatch.com/story/obama-scrambles-as-senate-fast-track-vote-nears-2015-06-23 | ||||||||||||||
| http://www.marketwatch.com/story/feds-powell-eyes-two-2015-hikes-as-he-dismisses-bubble-fears-2015-06-23 | ||||||||||||||