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April Durable Goods See Steepest Decline in Six Months
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Description
FBN's Robert Gray on durable goods orders in April and oil prices.
- Duration 1:00
- Date May 25, 2011
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Transcript
This transcript is automatically generated
I'm Robert Gray here's your Fox Business -- through what -- orders fell more than expected last month.
Orders for long lasting items tumbling three point 6% and the steepest decline in six months.
Excluding transportation orders were down one and a half percent orders were dragged down by plenty aircraft order.
Oil prices rebounding today hitting above 101 bucks a barrel now the latest report from the Department of Energy showed crude inventories rose 600000 barrels.
-- -- -- -- -- Analysts expected to -- by the way gasoline inventories also up by three point eight million barrels.
And a packet of coffee at Starbucks about to get more expensive coffee chain is hiking prices by 17%.
Due to soaring commodity costs.
Starbucks has already increased prices of its packaged coffee sold in grocery stores it takes effect July 12.
That's the latest from the Fox Business Network giving -- the power to prosper.
