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

[Denizen]

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.

You are personally reviving US manufacturing with your manufacturing of excuses for Donald Trump.

You may genuflect each time you see an orange colored object.

 

[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

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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

 

[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

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.

Obama goes along with the China reference as Trump was mentioned in that light

 

[Cellblock2429]

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.

You are personally reviving US manufacturing with your manufacturing of excuses for Donald Trump.

You may genuflect each time you see an orange colored object.

/——/ I’m responding to your baseless attack on Trump about his casinos “Trump is applying his Atlantic City Casino strategies.” I called you on your BS with facts. Now go play in traffic.

 

[Cellblock2429]

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?

/—-/ No I haven’t, but I’ve seen classy Blacks call their own kind the N word.

 

[theHawk]

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.

We are in a trade war dummy! Pull up your big boy pants-its time to take China to the woodshed.

Den-Yi-Zen is a Chinese troll.

 

[Andylusion]

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.

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

 

[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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

Party, you simply have to sober up, or something. You keep confusing my posts with somebody else's, probably Golfing Gator. I never admitted that Trump has ever done anything other than to make a total disaster of our economy.

 

[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.

Obama goes along with the China reference as Trump was mentioned in that light

Rather lame attempt at a thread diversion. Noted, and dismissed.

 

[Denizen]

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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

Trump is a charlatan who lies incessantly to an adoring mindless throng who are now so addicted to lies the truth makes them sick.

When will the mindless howling mob see their emperor has no clothes?

 

[Denizen]

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.

You are personally reviving US manufacturing with your manufacturing of excuses for Donald Trump.

You may genuflect each time you see an orange colored object.

/——/ I’m responding to your baseless attack on Trump about his casinos “Trump is applying his Atlantic City Casino strategies.” I called you on your BS with facts. Now go play in traffic.

Thanks for the invitation but I must decline to join you.

 

[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.

We are in a trade war dummy! Pull up your big boy pants-its time to take China to the woodshed.

Den-Yi-Zen is a Chinese troll.

I am less Chinese than Donald Trump.

 

[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.

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

The resistance in the administration has prevented intensive and extensive Trump economic chaos.

 

[Third Party]

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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

Party, you simply have to sober up, or something. You keep confusing my posts with somebody else's, probably Golfing Gator. I never admitted that Trump has ever done anything other than to make a total disaster of our economy.

Sorry you have no money, but I am doing great with this economy.

 

[Third Party]

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.

Obama goes along with the China reference as Trump was mentioned in that light

Rather lame attempt at a thread diversion. Noted, and dismissed.

Well if you dismissed that, don't read this.

 

[Third Party]

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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

Trump is a charlatan who lies incessantly to an adoring mindless throng who are now so addicted to lies the truth makes them sick.

When will the mindless howling mob see their emperor has no clothes?

When idiots like you wise up!

 

[sealybobo]

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.

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

 

[Andylusion]

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.

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

may have

Can you read your own post? May have? Maybe? Possibly?

So you have no real evidence at all, but maybe..... MAYBE.... this indicates a possible slow down in hiring?

You have nothing.
You can't use one data point, is not a trend. One single bad month, is not a long term decline.

And as it relates to Obama.... it's not that we said Obama's record was not good enough..... OBAMA HIMSELF indicated his record wasn't good enough.

According to Obama's very own numbers, his plan was terrible.

With the billions on billions spent, Obama's plan was supposed to cap unemployment from joblosses, at 8%.
Without the recovery plan, they said we would go up to 9%.

Instead WITH spending hundreds of billions, we went over 10%.

Based on Obama's own numbers, his plan failed and sucked terribly. That's not Republicans data... that's Obama's own data.

 

[sealybobo]

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.

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.
Click to expand...
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".
Click to expand...

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?

Obama was a dumpster diver until somebody pulled a My Fair Lady on him. A classy black would be Mike Tomlin, coach of the Steelers. No excuses, no explanations-words to live by for everybody. So no , did not see any racist whites at all-don't believe in them.

Party, you simply have to sober up, or something. You keep confusing my posts with somebody else's, probably Golfing Gator. I never admitted that Trump has ever done anything other than to make a total disaster of our economy.

Sorry you have no money, but I am doing great with this economy.

I'm doing great too but I was doing great before Trump.

And Trump's trade war is hurting manufacturing. Manufacturing is our most vital/important industry and Trump's fucking with it.

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

So for me, Trump giveth, and Trump taketh away. I'd rather he just go away.

 

[sealybobo]

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.

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

may have

Can you read your own post? May have? Maybe? Possibly?

So you have no real evidence at all, but maybe..... MAYBE.... this indicates a possible slow down in hiring?

You have nothing.
You can't use one data point, is not a trend. One single bad month, is not a long term decline.

And as it relates to Obama.... it's not that we said Obama's record was not good enough..... OBAMA HIMSELF indicated his record wasn't good enough.

According to Obama's very own numbers, his plan was terrible.

With the billions on billions spent, Obama's plan was supposed to cap unemployment from joblosses, at 8%.
Without the recovery plan, they said we would go up to 9%.

Instead WITH spending hundreds of billions, we went over 10%.

Based on Obama's own numbers, his plan failed and sucked terribly. That's not Republicans data... that's Obama's own data.

Where is the link to this site so I can go investigate?

And I'm just judging you Republicans the same way you judged Obama. What is the REAL unemployment number?

And I'm sorry but if Obama sucked when he only added 180,000 jobs in a month, then Trump sucks because I've seen a few months with less than 100,000.

And didn't Trump promise to eliminate the debt and give us 6% growth? Based on his promises, he has let us down.

The August jobs report shows how badly Trump has let down the people he promised to help

You don't think Trump's trade war with China is slowing down the economy? Are you fucking retarded? Many of our customers are holding off on purchasing new machines because of the uncertainty. What industry are you in Andy?

America’s August jobs report is in, and it isn’t the rosy picture President Donald Trump hoped. For Trump, the news worsens an already precarious electoral situation." data-reactid="17" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">America’s August jobs report is in, and it isn’t the rosy picture President Donald Trump hoped. For Trump, the news worsens an already precarious electoral situation.

Faced with slumping crop prices, declining manufacturing and anemic domestic growth, Trump hopes Americans will be wowed by the 130,000 new jobs added in August. Look closer and you’ll see the cracks in the plaster.

Hidden in the data is the fact that nearly 30,000 of those new jobs are temporary positions created to assist the US Census. That means the American economy created only 100,000 private sector jobs last month, well below the three-month average of 190,000. That disappointing number comes after sharp downward revisions to job growth numbers for June and July." data-reactid="19" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Hidden in the data is the fact that nearly 30,000 of those new jobs are temporary positions created to assist the US Census. That means the American economy created only 100,000 private sector jobs last month, well below the three-month average of 190,000. That disappointing number comes after sharp downward revisions to job growth numbers for June and July.

Most of that job growth came at the lower-paid end of the service sector. The data show these aren’t the plum positions the Trump administration would have Americans believe – and Trump’s own labor researchers are now cautioning that these jobs may not be enough to keep budget-strapped American families afloat." data-reactid="20" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Most of that job growth came at the lower-paid end of the service sector. The data show these aren’t the plum positions the Trump administration would have Americans believe – and Trump’s own labor researchers are now cautioning that these jobs may not be enough to keep budget-strapped American families afloat.

According to a recent study by the Bureau of Labor Statistics, 7 in 10 of the next decade’s fastest-growing job sectors will pay employees at or near the national poverty line. This includes personal care aides ($24,000 annually), restaurant cooks ($26,530), medical assistants (33,610), waiters ($21,780) and janitors ($26,110).

Manufacturing added only about 4,000 new manufacturing jobs in August. The mining and coal sector, whose beleaguered voters played a pivotal role in Trump’s 2016 electoral victory, lost 2,000 jobs. That’s hardly in line with Trump’s pledge to bring tens of thousands of coal jobs back to declining Rust Belt communities." data-reactid="22" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Manufacturing added only about 4,000 new manufacturing jobs in August. The mining and coal sector, whose beleaguered voters played a pivotal role in Trump’s 2016 electoral victory, lost 2,000 jobs. That’s hardly in line with Trump’s pledge to bring tens of thousands of coal jobs back to declining Rust Belt communities.

Brightcove Default Player

Trump struggles to explain why Obama's jobs numbers were better than his

Working class wages have also stagnated, hovering at between 2 to 3 per cent annual growth for the past decade – during which time corporate profits and C-suite compensation packages have grown hundreds of times over. Toss on the added weight of rising healthcare costs and you’ve created a recipe for electoral peril." data-reactid="25" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);">Working class wages have also stagnated, hovering at between 2 to 3 per cent annual growth for the past decade – during which time corporate profits and C-suite compensation packages have grown hundreds of times over. Toss on the added weight of rising healthcare costs and you’ve created a recipe for electoral peril.

Adding to Trump’s economic woes, the manufacturing industry slid into recession this quarter after a major contraction largely due to a spiraling trade standoff with China. The recovery of American manufacturing has been a cornerstone of the Trump campaign since his earliest public outings. The August jobs report offers little optimism for a manufacturing comeback.