U.S. May Durable Goods Orders Disappoint in 1.1% Drop

The transcript discusses various economic indicators, including market performance, transportation, and defense sectors. It highlights trends in currency and yield markets, with a focus on the dollar and yield changes. The futures market is analyzed, noting steady S&P futures and softer ECHO data. Overall, the report suggests a mixed economic outlook with some areas of concern.

What was the estimate for the decline mentioned in the text?

How did the durable goods report for April change according to the text?

What does the text suggest about the Chicago Fed National Activity Index?

What trend is observed in the 10-year and 2-year yields as mentioned in the text?

What is the overall sentiment regarding the ECHO data as described in the text?