Thank you Donald Trump ... U.S. Manufacturing Gauge Contracts for First Time in Three Years

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

Teetering.

And nobody gives two fucks...”Americans First”, “Fuck Wetbacks” and “Squash the Left”....is all that matters to legitimate, real, good Americans. Fucking bizarre isn’t it...when is the last time a president held office where the yield from his economic policies didn’t even fucking matter?
That’s what the disgusting Left has perpetuated....Thanks Lefties.

By the time Trump is finished Americans will be unable to afford two fucks.

We're not supposed to care about the economy now.


.

Where does one send 'get well cards' for an economy?

/——/ You can send Get Well economy cards to either Venezuela or Cuba.

USPS is relocating ahead of Trump introducing the feces to the fan?

 

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

zzzzzzzzzzzzzz
the global economy has been flat forawhile now
western europes its usual sluggish friggin mess thats gotten worse

its about time we caught up to the flatness of it all

Bush3, Donald 'W' Trump, doesn't do flat. He does spiral down foot to the floor.

 

[Deplorable Yankee]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

zzzzzzzzzzzzzz
the global economy has been flat forawhile now
western europes its usual sluggish friggin mess thats gotten worse

its about time we caught up to the flatness of it all

Bush3, Donald 'W' Trump, doesn't do flat. He does spiral down foot to the floor.

I hear hes racist and steps on puppies to

 

[Brain357]

Yes China stop sending us your resources for really cheap. Oh and we want some of your pollution over here!

We are getting the pollution-and the cheap resources cost us more than we know. I'm buying American

You think we have pollution? Go visit China. Can’t breath there.

So your hatred for Trump is worth more than the environment? You want U.S. dollars supporting one of the biggest polluters in the world? Thanks for proving you really don't care about the environment and you are a tool. Because you only spew the latest talking point of the day.

You are want to bring more pollution here? Not
big on breathing?

China can do as they please to the environment. We cannot.

And their health is paying dearly.

 

[Cellblock2429]

We're not supposed to care about the economy now.


.

Where does one send 'get well cards' for an economy?

/——/ You can send Get Well economy cards to either Venezuela or Cuba.

So now the Trumpsters are saying we're at least better off than Venezuela or Cuba.

An earlier post here says we're not supposed to care about the economy.

I'm definitely seeing a trend here. I'm shocked. Just shocked, I tell you.
.

/—-/ And you Progs want us to be just like the failed socialist slave states with rampant poverty and no rights.

Well, at least you didn't deny it.
.

/——-/ Yes, I admit we’re better off than the failed socialist states of Venezuela and Cuba. You sound disappointed, but don’t despair, you can move to the Streets of San Fransisco and enjoy the fruits of liberalism.

 

[my2¢]

The gauge I use in evaluation Trump's economic policy regarding manufacturing is the monthly labor report put out by the Bureau of Labor Statistics. It is usually distributed the first Friday of the month and so I suppose tomorrow we'll receive August's report. So far these monthly reports have been positive, hopefully for the workers involved that trend continues.

 

[Cellblock2429]

Machine tool sales are down.

Manufacturing is our most important industry. This reminds me of bush. Republicans swore the economy was good but manufacturing was clearly not doing good.

Bush and trump rely on military but remember those jobs are tax payer funded. It’s us buying all those bombs not consumers.

Donald 'W' Trump is Bush3. He will rush military personnel into service at Mar a Lago and other Trump properties to do the work illegals were doing for Trump. Marines will be retrained to use sewage plungers. Seal team six will work with actual seals and be fed with buckets of fish.

You must have that good shit.

Not since the end of the Cold War has global military spending been as high as it is in 2018

U.S. records nearly $75 billion budget deficit in June

Several Indications That A Recession Is Coming

I guess giving everyone huge tax breaks didn't work. And his trade war is absolutely hurting manufacturing.

You guys thinking things are going well reminds me of 2007.

STFU Silly Boo Boo, you don't know shit and you're a grade-A idiot to boot.

Will the economy contract some? Yes. Will there be some adjusting with all the tariffs? Absolutely, but in the end, the US will be in a much better position.

The economy can't go up forever anyway, a contraction is well overdue.

Trump is applying his Atlantic City Casino strategies. The house loses.

/—-/ For those interested in facts rather than a cheap shot at Trump like Denizen, here is what happened to Atlantic City casinos.
Why Atlantic City casinos are really failing
The Big Mistake
The market for Atlantic City peaked in 2006 with $5.2 billion in 2006. But then nearby Pennsylvania legalized gambling and everything changed, siphoning off Atlantic City’s main business driver: Philadelphia.

Since then, Atlantic City gaming revenue has dropped by more than 50 percent while Pennsylvania once again saw record gaming revenue in 2015, topping $3.17 billion, a 3.41-percent increase from 2014.

 

[Vandalshandle]

I am flat out amazed that Trumpettes have not figured out that China is not going to give an inch, as long as Trump is president.

And they did under Obama? Where, building aircraft islands?

Do you even know what you are talking about, and what it has to do with this thread?

 

[Third Party]

China can do as they please to the environment. We cannot.

Donald Trump is working on granting your wish to trash the US environment.

Our emissions have been going down

Before Trump, they were going down.

A bag of coal for your thoughts.

Please don't thank me.

U.S. greenhouse gas emissions spiked in 2018 — and it couldn’t happen at a worse time

By Chris Mooney and
Brady Dennis
January 8

U.S. carbon dioxide emissions rose an estimated 3.4 percent in 2018, according to new research — a jarring increase that comes as scientists say the world needs to be aggressively cutting its emissions to avoid the most devastating effects of climate change.

The findings, published Tuesday by the independent economic research firm Rhodium Group, mean that the United States now has a diminishing chance of meeting its pledge under the 2015 Paris climate agreement to dramatically reduce its emissions by 2025.

The findings also underscore how the world’s second-largest emitter, once a global leader in pushing for climate action, has all but abandoned efforts to mitigate the effects of a warming world. President Trump has said he plans to officially withdraw the nation from the Paris climate agreement in 2020 and in the meantime has rolled back Obama-era regulations aimed at reducing the country’s carbon emissions.

“We have lost momentum. There’s no question,” Rob Jackson, a Stanford University professor who studies emissions trends, said of both U.S. and global efforts to steer the world toward a more sustainable future.

The sharp emissions rise was fueled primarily by a booming economy, researchers found. But the increase, which could prove to be the second-largest in the past 20 years, probably would not have been as stark without Trump administration rollbacks, said Trevor Houser, a partner at Rhodium.

“I don’t think you would have seen the same increase,” Houser said, referring to the electric power sector in particular.

reached a record high in 2018, and the increase in the United States goes hand in hand with rising emissions in other countries, such as China and India, said Michael Mehling, deputy director of the Center for Energy and Environmental Policy Research at the Massachusetts Institute of Technology.

“It’s not an isolated phenomenon,” Mehling said, adding that the trend makes it difficult to solely blame the Trump administration’s deregulatory push and its dismissal of climate action for the change. “Such political developments, including the rollback of domestic climate policies in the U.S., tend to have a considerable lead time before you can actually see their reflection in physical emission trends.”

The latest growth makes it increasingly unlikely that the United States will achieve a pledge made by the Obama administration in the run-up to the Paris climate agreement, that the country would reduce its greenhouse gas emissions by 26 to 28 percent below 2005 levels by the year 2025.

A large part of President Barack Obama’s plan for meeting that goal turned on key climate policies, including new regulations for vehicle fuel efficiency and power plants. These policies alone were not enough — the United States has never been on target to fulfill its Paris promises. But the Trump administration has moved to reverse or weaken them.

U.S. emissions have declined somewhat since 2005 because of technological changes, such as the dwindling of coal-fired power generation in the face of surging natural gas and the growth of renewable energy. In a major international climate change meeting in Poland last month, the Trump administration hailed a 14 percent decline in emissions from 2005 levels.

But that’s barely half of what the Obama administration was promising by 2025. And the 14 percent figure has shrunk based on the latest findings. The result is that any chance of hitting the original Obama goal has diminished, said the Rhodium Group’s Houser.

The latest emissions data comes as the world’s scientists have called the global climate problem more urgent than previously thought — making the United States’ emissions trends and its path to withdraw from the Paris agreement more consequential.

In October, a United Nations-backed panel of nearly 100 scientists offered a detailed accounting of what it would take to limit planetary warming to just 1.5 degrees Celsius (2.7 degrees Fahrenheit) — with the world already experiencing a 1 degree Celsius increase. They found not only that going beyond 1.5 degrees Celsius would have devastating impacts, but also that the world has only about a decade to make the “unprecedented” changes necessary to hold warming at this level.

At the Poland climate meeting, the United States joined three countries to oppose a proposal to embrace the study from the U.N. Intergovernmental Panel on Climate Change. All were economies heavily reliant on fossil fuels — Saudi Arabia, Kuwait and Russia.

Just as scientists have made clear the world needs to act with urgency, the United States has headed in the opposite direction. In 2020, even as many other countries have said they intend to ramp up their climate ambitions, the Trump administration is expected to be poised to complete its planned withdrawal from the Paris agreement.

In the United States, “it’s very unlikely that anything will happen with setting new targets or moving on climate by 2020,” said Johan Rockström, director of the Potsdam Institute for Climate Impact Research in Germany. “Which is a big risk, given that we have to bend the curve by 2020.”

In Poland, countries decided to acknowledge the report’s “timely completion” but removed a prior reference to its most inconvenient finding — that a world responsible for more than 50 billion tons of total carbon dioxide equivalent emissions in 2018 must make a monumental shift in the course of the coming decade.

“What you’ve got is the United States on the top of a pyramid of fragmentation and creating space to legitimize that type of behavior on the part of other countries,” said David Wirth, a former climate negotiator who is now a law professor at Boston College.

The key issue now is how all of this plays out over the next two years, leading up to 2020. That is both the year when the United States can formally exit the Paris climate agreement and the year when member countries need to announce more-ambitious climate plans.

That leaves a world facing a make-or-break decade for emissions reductions still unsure of exactly what role the United States will play, if any.

“Other countries are going to be looking at the [2020 presidential] campaign,” Wirth said. “If you’ve got all presidential candidates with the exception of one running for election saying, ‘I’m prepared to commit to bigger reductions,’ then that will resonate.”

Fake news-try again

The anus gas releases alone at Trump rallies are a danger to mankind.

Can't argue with that

 

[Third Party]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

Can’t reverse 30 years of bad trade deals without a little blip here and there. Gotta break some eggs if you want to make an omelet.

Back in your coffin Bozo. Bush3 Donald 'W' Trump is back in charge of U$$ Titanic.

Obama didn't do squat-those desperate people who defend him make up numbers-look around you-EVERYBODY is working and getting paid more than they were.

Trump is claiming credit for Obama's economy before he total wrecks it.

I wouldn't take credit for ANYTHING Obama did-not that there is anything worth it.Obama is in the rear view mirror-even Biden can't get him to show his face.

 

[Third Party]

I am flat out amazed that Trumpettes have not figured out that China is not going to give an inch, as long as Trump is president.

And they did under Obama? Where, building aircraft islands?

Do you even know what you are talking about, and what it has to do with this thread?

Hey, you brought up China and Obama

 

[Dan Stubbs]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

The sky is falling, the sky is falling. LOL

 

[Dan Stubbs]

The emergence of Trump has turned GOP lawmakers invisible, deaf, dumb, and blind.

They just make pitiful bleating noises at photo opportunities where they jostle each other to get close to Trump's anus.

Are you a Racist also, you offended the
invisible, deaf, dumb, and blind. That is just about as wrong as any progressive can be....shame on you.
invisible, deaf, dumb, and blind.

 

[Cellblock2429]

The point is Obama policies and his record-setting number of oppressive job-killing regulations drove cpmpanies to move their manufacturing plants overseas. Barry was fine with this happening, telling Americans they were gone for good, never coming back, and to accept this as the new norm.

This much is true.

He was wrong. President Trump refused to accept companies leaving and American jobs disappearing. He took a broom to Obama policies / regulations, wiping out a ton of them.

Jobs aren't coming back? You just contradicted yourself - you even admitted that jobs were created from companies bringing back manufacturing to the US.

Snowflakes, as usual, attempted to lay claim to Trump's success by claiming it was Barry's...but, as pointed out, Barties policies and regulations drove manufacturing to leave, and he made no effort to bring companies / jobs back. So the attempted claim that Barry did anything to result in the strong economy and low unemployment we have is based on BS.

Your pathetic flip-flopping, contradictions, and childish word play making you look like an ass does not change that.

No, the jobs are not coming back. 73,000 over 8 years is basically the same as nothing in the big picture. you are like the guy telling the farmer..."what do you mean you need rain, it rained for 45 seconds yesterday".

/——/ You encouraged me to find another source. Spin this azzwipe. U.S. enjoys best manufacturing jobs growth of the last 30 years
The 32,000 positions added in December took the total number of positions in manufacturing to 12.84 million. In November 1949, there were 12.88 million manufacturing workers, at the end of a sharp recession.

 

[Harpy Eagle]

The point is Obama policies and his record-setting number of oppressive job-killing regulations drove cpmpanies to move their manufacturing plants overseas. Barry was fine with this happening, telling Americans they were gone for good, never coming back, and to accept this as the new norm.

This much is true.

He was wrong. President Trump refused to accept companies leaving and American jobs disappearing. He took a broom to Obama policies / regulations, wiping out a ton of them.

Jobs aren't coming back? You just contradicted yourself - you even admitted that jobs were created from companies bringing back manufacturing to the US.

Snowflakes, as usual, attempted to lay claim to Trump's success by claiming it was Barry's...but, as pointed out, Barties policies and regulations drove manufacturing to leave, and he made no effort to bring companies / jobs back. So the attempted claim that Barry did anything to result in the strong economy and low unemployment we have is based on BS.

Your pathetic flip-flopping, contradictions, and childish word play making you look like an ass does not change that.

No, the jobs are not coming back. 73,000 over 8 years is basically the same as nothing in the big picture. you are like the guy telling the farmer..."what do you mean you need rain, it rained for 45 seconds yesterday".

/——/ You encouraged me to find another source. Spin this azzwipe. U.S. enjoys best manufacturing jobs growth of the last 30 years
The 32,000 positions added in December took the total number of positions in manufacturing to 12.84 million. In November 1949, there were 12.88 million manufacturing workers, at the end of a sharp recession.

What does your link have to do with companies closing down overseas operations and moving them back here?

 

[Cellblock2429]

The point is Obama policies and his record-setting number of oppressive job-killing regulations drove cpmpanies to move their manufacturing plants overseas. Barry was fine with this happening, telling Americans they were gone for good, never coming back, and to accept this as the new norm.

This much is true.

He was wrong. President Trump refused to accept companies leaving and American jobs disappearing. He took a broom to Obama policies / regulations, wiping out a ton of them.

Jobs aren't coming back? You just contradicted yourself - you even admitted that jobs were created from companies bringing back manufacturing to the US.

Snowflakes, as usual, attempted to lay claim to Trump's success by claiming it was Barry's...but, as pointed out, Barties policies and regulations drove manufacturing to leave, and he made no effort to bring companies / jobs back. So the attempted claim that Barry did anything to result in the strong economy and low unemployment we have is based on BS.

Your pathetic flip-flopping, contradictions, and childish word play making you look like an ass does not change that.

No, the jobs are not coming back. 73,000 over 8 years is basically the same as nothing in the big picture. you are like the guy telling the farmer..."what do you mean you need rain, it rained for 45 seconds yesterday".

/——/ You encouraged me to find another source. Spin this azzwipe. U.S. enjoys best manufacturing jobs growth of the last 30 years
The 32,000 positions added in December took the total number of positions in manufacturing to 12.84 million. In November 1949, there were 12.88 million manufacturing workers, at the end of a sharp recession.

What does your link have to do with companies closing down overseas operations and moving them back here?

/-----/ The increase in US manufacturing jobs that somehow you think have to jump on a shop or airliner and come back to the US. Yours is a special king of stupid.

 

[Vandalshandle]

I am flat out amazed that Trumpettes have not figured out that China is not going to give an inch, as long as Trump is president.

And they did under Obama? Where, building aircraft islands?

Do you even know what you are talking about, and what it has to do with this thread?

Hey, you brought up China and Obama

I brought up Obama? I am looking at my copied post above, and do not see where I mentioned Obama. Must be some sort of glitch that affects your computer only.

 

[Harpy Eagle]

The point is Obama policies and his record-setting number of oppressive job-killing regulations drove cpmpanies to move their manufacturing plants overseas. Barry was fine with this happening, telling Americans they were gone for good, never coming back, and to accept this as the new norm.

This much is true.

He was wrong. President Trump refused to accept companies leaving and American jobs disappearing. He took a broom to Obama policies / regulations, wiping out a ton of them.

Jobs aren't coming back? You just contradicted yourself - you even admitted that jobs were created from companies bringing back manufacturing to the US.

Snowflakes, as usual, attempted to lay claim to Trump's success by claiming it was Barry's...but, as pointed out, Barties policies and regulations drove manufacturing to leave, and he made no effort to bring companies / jobs back. So the attempted claim that Barry did anything to result in the strong economy and low unemployment we have is based on BS.

Your pathetic flip-flopping, contradictions, and childish word play making you look like an ass does not change that.

No, the jobs are not coming back. 73,000 over 8 years is basically the same as nothing in the big picture. you are like the guy telling the farmer..."what do you mean you need rain, it rained for 45 seconds yesterday".

/——/ You encouraged me to find another source. Spin this azzwipe. U.S. enjoys best manufacturing jobs growth of the last 30 years
The 32,000 positions added in December took the total number of positions in manufacturing to 12.84 million. In November 1949, there were 12.88 million manufacturing workers, at the end of a sharp recession.

What does your link have to do with companies closing down overseas operations and moving them back here?

/-----/ The increase in US manufacturing jobs that somehow you think have to jump on a shop or airliner and come back to the US. Yours is a special king of stupid.

New jobs being created is not the same thing as companies moving their operations out of foreign countries and doing the manufacturing here. Two different things, do try and keep up.

 

[Cellblock2429]

The point is Obama policies and his record-setting number of oppressive job-killing regulations drove cpmpanies to move their manufacturing plants overseas. Barry was fine with this happening, telling Americans they were gone for good, never coming back, and to accept this as the new norm.

This much is true.

He was wrong. President Trump refused to accept companies leaving and American jobs disappearing. He took a broom to Obama policies / regulations, wiping out a ton of them.

Jobs aren't coming back? You just contradicted yourself - you even admitted that jobs were created from companies bringing back manufacturing to the US.

Snowflakes, as usual, attempted to lay claim to Trump's success by claiming it was Barry's...but, as pointed out, Barties policies and regulations drove manufacturing to leave, and he made no effort to bring companies / jobs back. So the attempted claim that Barry did anything to result in the strong economy and low unemployment we have is based on BS.

Your pathetic flip-flopping, contradictions, and childish word play making you look like an ass does not change that.

No, the jobs are not coming back. 73,000 over 8 years is basically the same as nothing in the big picture. you are like the guy telling the farmer..."what do you mean you need rain, it rained for 45 seconds yesterday".

/——/ You encouraged me to find another source. Spin this azzwipe. U.S. enjoys best manufacturing jobs growth of the last 30 years
The 32,000 positions added in December took the total number of positions in manufacturing to 12.84 million. In November 1949, there were 12.88 million manufacturing workers, at the end of a sharp recession.

What does your link have to do with companies closing down overseas operations and moving them back here?

/-----/ The increase in US manufacturing jobs that somehow you think have to jump on a shop or airliner and come back to the US. Yours is a special king of stupid.

New jobs being created is not the same thing as companies moving their operations out of foreign countries and doing the manufacturing here. Two different things, do try and keep up.

/----/ Let's see, if Golfing Gator Inc, a greedy selfish corporation that pays no taxes, shuts don its US plant and opens a new one is a Vietnam sweatshop that's 10,000 jobs lost. Now things change for the better and Golfing Gator Inc shuts down his overseas plants and opens a new factory in Alabama. It hires 1,000 new employees how is that counted?
1.) Bring jobs back
2.) Creating new jobs.

 

[deanrd]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

Can’t reverse 30 years of bad trade deals without a little blip here and there. Gotta break some eggs if you want to make an omelet.

Back in your coffin Bozo. Bush3 Donald 'W' Trump is back in charge of U$$ Titanic.

Obama didn't do squat-those desperate people who defend him make up numbers-look around you-EVERYBODY is working and getting paid more than they were.

Trump is claiming credit for Obama's economy before he total wrecks it.

I wouldn't take credit for ANYTHING Obama did-not that there is anything worth it.Obama is in the rear view mirror-even Biden can't get him to show his face.

The problem is you don’t understand class. Racist whites just can’t see black people as classy people. Have you noticed that?