US May durable goods orders +16.4% vs +8.5% expected

- Prior was -6.3% (revised to -6.6%)
- Nondefense capital goods orders ex-air +1.7% vs +0.1% expected
- Prior nondefense capital goods orders ex-air -1.5%
- Ex transport +0.5% vs 0.0% expected
- Ex defense +15.5% vs -7.7% prior
This is a big jump on the headline but assuredly skewed by transport orders -- planes and autos -- due to tariffs. Still, the core orders number is solid.