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US durable goods orders preview
The Commerce Department releases its October report on durable goods. The report will be issued at 8:30 a.m. EST Wednesday. ORDERS DROP: The expectation is that orders for long-lasting manufactured goods dropped 0.6 percent in October, marking the third consecutive monthly decline. TEMPORARY DECLINES: Economists still believe that manufacturing is just going through a soft patch and that demand and production will pick up in coming months. The overall number of orders has been dragged down in recent months by weakness in the volatile transportation category, which is heavily dependent on orders for commercial ... (full story)