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Durable Goods Orders: Nondefence new orders for capital goods down $5.2Bil to $74.3Bil. Shipments were down 0.6% to $79.3Bil. Defence new orders for capital goods were up $0.7Bil or 8.2% to $8.8Bil. Revised seasonally adjusted April figures for all manufacturing industries: New orders, $474.5Bil; shipments, $481.5Bil; unfilled orders, $1,201.2Bil.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.