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Durable Goods Orders: New orders for manufactured durable goods in June increased $7.7Bil or 3.4% to $235.3Bil. Excluding transportation, new orders increased 0.8%. Excluding defense, new orders increased 3.8%. Shipments of manufactured durable goods in June, up following two consecutive monthly decreases, increased $0.3Bil or 0.1% to $239.4Bil.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.