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WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said

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WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy.

 

The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.

 

Investors on Wall Street responded by dumping stocks, given that the slowdown in manufacturing fanned fears that growth might be slowing more than expected and could squeeze corporate earnings. The Dow Jones Industrial Average, which had been up early in the day, was down about 300 points in mid-afternoon trading.

 

Trump's nearly 15-month trade war with China and his tariffs on steel, aluminum and other products were intended to help U.S. manufacturers. But his confrontational trade policies have so far had the opposite effect and helped spur the Federal Reserve to cut interest rates in September for a second time this year.

 

Weakening business confidence and softening global demand have hit American factories hard, prompting pullbacks in production and employment. This month's ISM measure reported the lowest level of manufacturing activity since June 2009, the last month of the Great Recession.

 

Manufacturing makes up only about a tenth of the U.S. economy, but analysts see the survey as a warning sign about the trade conflict. Because the latest round of Trump tariffs on Chinese imports affects many consumer goods, economists say weakening business sentiment could spill over to slow consumer spending, which supports the bulk of the U.S. economy.

 

Fotios Raptis, a senior economist at TD Economics, suggested that the U.S. economy could be headed for a downturn if the ISM manufacturing index dropped even lower. And given factory declines overseas as well, the global economy is also at rising risk.

 

"The U.S. economy is at the precipice of an economy-wide contraction in output," Raptis said.

 

The World Trade Organization said Tuesday that it expects volumes of traded goods to rise 1.2% this year, its weakest pace since 2009.

 

In addition, surveys of purchasing firms compiled by the data firm IHS Markit point toward declines in manufacturing in South Korea, Japan, Indonesia and Malaysia, all of them export-reliant countries.

 

The U.K. factory sector has also remained in negative terrain for five consecutive months, its longest stretch since the financial crisis.

 

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On Twitter, Trump kept up his steady attacks on the Fed, which he has regularly criticized for not reducing rates more aggressively. The president in particular has argued that the Fed's rate hikes last year had elevated the relative value of the dollar, which makes U.S. goods more expensive overseas.

 

"As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected," Trump tweeted. "Fed Rate too high. They are their own worst enemies, they don't have a clue. Pathetic!"

 

Trump has previously insisted that the Fed slash its benchmark rate to zero. Economists warn, though, that this would risk raising alarm among consumers and businesses that a recession could be near. The Fed's rate cuts have yet to cause the dollar to weaken because other central banks have also cut rates even lower.

 

The ISM report suggests that Trump's tariffs, and other nations' retaliatory tariffs, have played a far greater role than the Fed in dampening manufacturing activity.

 

Timothy Fiore, head of ISM's Manufacturing Business Survey Committee, pointed to the 2.3 percentage point drop in a measure of new export orders, its lowest level since March 2009. The ISM survey also includes comments from its members, and three of the 10 manufacturers quoted said that the tariffs are hurting their business.

 

None blamed a strong dollar or the Fed. Most economists also point to the trade fight for manufacturers' problems.

 

"Simmering trade tension is the obvious culprit for the manufacturing weakness," said Eric Winograd, senior U.S. economist at AllianceBernstein.

"The trade war is wreaking havoc, to the point where the incipient upturn in manufacturing in China is not transmitting, at all, to the U.S.," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

 

Weakening production is spilling over to hurt the American workforce. The ISM survey indicates that more factory owners are considering cutting jobs than the prior month. Employment contracted at a faster rate in September. One survey respondent said that lower demand for products ordered had prompted the company to cut 10% of its workforce.

———

AP Economics Writer Christopher Rugaber contributed to this report.

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hmmmmmmmmmmmmm. Rump and his associates are nothing but economic failures!!!!

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 And yet here I sit right at this minute in a factory working seven days a week until further notice. 

 

Your fake news story can lie all they want, but you’ll never convince an American who can’t even get a day off on the weekend that the economy sucks

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WHEN LARGE LARGE NUMBERS OF VOTERS GO TO THE POLLS AMERICA ALWAYS BECOMES A BETTER PLACE BECAUSE THIS TURNOUT PRODUCES THE MODERATE GOVERNMENT THAT PROTECTS VOTING RIGHT, KEEPS WOMENS RIGHTS IN PLACE, KEEPS AMERICA EMPLOYED WHICH PRODUCES THE ECONOMIC GROWTH WHICH KEEPS THE QUALITY OF LIFE IN THE USA WAY ABOVE NORMAL.  

 

DOCTORS AND LAWYERS MAKE HUNDREDS OF DOLLARS AN HOUR,

CEO'S MAKE MULTI MILLIONS A YEAR,

CEO'S ARE AWARDED MILLIONS IN THEIR GOLDEN PARACHUTE PACKAGES,

THE VERY WEALTHY ARE PROVIDED LOOPHOLES THAT WHICH ALLOW THEM TO PAY NO TAXES

CARS COST TENS OF THOUSANDS

HOMES COST HUNDREDS OF THOUSANDS TO MILLIONS OF $$$$$

MEDICAL INSURANCE COSTS TENS OF THOUSANDS ANNUALLY

SPORTS TEAMS ARE AWARDED BILLIONS IN TAX DOLLAR SUBSIDES

 

AND CONSERVATIVES ARE WORRIED ABOUT HARD WORKING PEOPLE MAKING $35 AN HOUR OR $64,500 A YEAR?????

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The GOP has become mentally unstable documented by their president daily..... the party is sick!

 

7 Articles Of Impeachment

 

Impeach Petition #1

http://act.democracyforamerica.com/sign/reich-impeach-trump/?source=slider

Impeach Petition #2

https://impeachdonaldtrumpnow.org

7 Articles of Impeachment

https://www.washingtonpost.com/opinions/2019/06/03/here-are-seven-reasons-trump-should-be-impeached/

 

 

How can anyone trust ALEC and the Koch name that is trying to over throw the USA government and steal trillions of the nations tax dollars which must be grand theft.

 

Kobach, Greitens, Newt Gingrich, Kobach, Trump, DeVoss, Koch, GW Bush, Cheney, Reagan/Bush admin, Bush/Quale admin, Bush/Cheney Admin, Trump/Pence admin and possibly Bill Clinton all holding hands and lying simultaneously.

 

I believe over throwing the USA government might be considered an un-American Activity that which is against the law ……… the question is how many laws has the ALEC GOP violated over the years?

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WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said

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WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy.

 

The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.

 

Investors on Wall Street responded by dumping stocks, given that the slowdown in manufacturing fanned fears that growth might be slowing more than expected and could squeeze corporate earnings. The Dow Jones Industrial Average, which had been up early in the day, was down about 300 points in mid-afternoon trading.

 

Trump's nearly 15-month trade war with China and his tariffs on steel, aluminum and other products were intended to help U.S. manufacturers. But his confrontational trade policies have so far had the opposite effect and helped spur the Federal Reserve to cut interest rates in September for a second time this year.

 

Weakening business confidence and softening global demand have hit American factories hard, prompting pullbacks in production and employment. This month's ISM measure reported the lowest level of manufacturing activity since June 2009, the last month of the Great Recession.

 

Manufacturing makes up only about a tenth of the U.S. economy, but analysts see the survey as a warning sign about the trade conflict. Because the latest round of Trump tariffs on Chinese imports affects many consumer goods, economists say weakening business sentiment could spill over to slow consumer spending, which supports the bulk of the U.S. economy.

 

Fotios Raptis, a senior economist at TD Economics, suggested that the U.S. economy could be headed for a downturn if the ISM manufacturing index dropped even lower. And given factory declines overseas as well, the global economy is also at rising risk.

 

"The U.S. economy is at the precipice of an economy-wide contraction in output," Raptis said.

 

The World Trade Organization said Tuesday that it expects volumes of traded goods to rise 1.2% this year, its weakest pace since 2009.

 

In addition, surveys of purchasing firms compiled by the data firm IHS Markit point toward declines in manufacturing in South Korea, Japan, Indonesia and Malaysia, all of them export-reliant countries.

 

The U.K. factory sector has also remained in negative terrain for five consecutive months, its longest stretch since the financial crisis.

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On Twitter, Trump kept up his steady attacks on the Fed, which he has regularly criticized for not reducing rates more aggressively. The president in particular has argued that the Fed's rate hikes last year had elevated the relative value of the dollar, which makes U.S. goods more expensive overseas.

 

"As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected," Trump tweeted. "Fed Rate too high. They are their own worst enemies, they don't have a clue. Pathetic!"

 

Trump has previously insisted that the Fed slash its benchmark rate to zero. Economists warn, though, that this would risk raising alarm among consumers and businesses that a recession could be near. The Fed's rate cuts have yet to cause the dollar to weaken because other central banks have also cut rates even lower.

 

The ISM report suggests that Trump's tariffs, and other nations' retaliatory tariffs, have played a far greater role than the Fed in dampening manufacturing activity.

 

Timothy Fiore, head of ISM's Manufacturing Business Survey Committee, pointed to the 2.3 percentage point drop in a measure of new export orders, its lowest level since March 2009. The ISM survey also includes comments from its members, and three of the 10 manufacturers quoted said that the tariffs are hurting their business.

 

None blamed a strong dollar or the Fed. Most economists also point to the trade fight for manufacturers' problems.

 

"Simmering trade tension is the obvious culprit for the manufacturing weakness," said Eric Winograd, senior U.S. economist at AllianceBernstein.

"The trade war is wreaking havoc, to the point where the incipient upturn in manufacturing in China is not transmitting, at all, to the U.S.," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

 

Weakening production is spilling over to hurt the American workforce. The ISM survey indicates that more factory owners are considering cutting jobs than the prior month. Employment contracted at a faster rate in September. One survey respondent said that lower demand for products ordered had prompted the company to cut 10% of its workforce.

———

AP Economics Writer Christopher Rugaber contributed to this report.

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2 hours ago, merrill said:

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said

 

Where are the economic giants of our time ? Not with the Rump!!!!

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If the other countries don't make a good profit off of dealing with America they will do trade without us. 

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On ‎1‎/‎17‎/‎2020 at 10:55 PM, merrill said:

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy.

 

The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.

 

Investors on Wall Street responded by dumping stocks, given that the slowdown in manufacturing fanned fears that growth might be slowing more than expected and could squeeze corporate earnings. The Dow Jones Industrial Average, which had been up early in the day, was down about 300 points in mid-afternoon trading.

 

Trump's nearly 15-month trade war with China and his tariffs on steel, aluminum and other products were intended to help U.S. manufacturers. But his confrontational trade policies have so far had the opposite effect and helped spur the Federal Reserve to cut interest rates in September for a second time this year.

 

Weakening business confidence and softening global demand have hit American factories hard, prompting pullbacks in production and employment. This month's ISM measure reported the lowest level of manufacturing activity since June 2009, the last month of the Great Recession.

 

Manufacturing makes up only about a tenth of the U.S. economy, but analysts see the survey as a warning sign about the trade conflict. Because the latest round of Trump tariffs on Chinese imports affects many consumer goods, economists say weakening business sentiment could spill over to slow consumer spending, which supports the bulk of the U.S. economy.

 

Fotios Raptis, a senior economist at TD Economics, suggested that the U.S. economy could be headed for a downturn if the ISM manufacturing index dropped even lower. And given factory declines overseas as well, the global economy is also at rising risk.

 

"The U.S. economy is at the precipice of an economy-wide contraction in output," Raptis said.

 

The World Trade Organization said Tuesday that it expects volumes of traded goods to rise 1.2% this year, its weakest pace since 2009.

 

In addition, surveys of purchasing firms compiled by the data firm IHS Markit point toward declines in manufacturing in South Korea, Japan, Indonesia and Malaysia, all of them export-reliant countries.

 

The U.K. factory sector has also remained in negative terrain for five consecutive months, its longest stretch since the financial crisis.

 

 

The CRUX of your post, is that the because the Trade Managers report had dipped, it caused a selloff in the sock market, and could potentially be a problem for our economy... HA!!

 

Well, since I didn't see a date on that the report, OR the actual article linked, I couldn't find a date, BUT.... I believe you cherry picked an article that, because of one of the rough patches in the Chinese Trade talks, might have shown some decline, and YOU, COMPLETELY BLEW it out of PROPORTION !!

 

Let me EDUCATE YOU... Today, the USMCA (with Mexico and Canada is LAW), AND the Phase 1 of the US.China trade deal has been signed by the US and China, AND, the U.S. Stock market is OVER 29,000, and AT ALL TIME HIGHS !!

 

Your post is COMPLTETE BS... and YOU are a TOTAL LIAR, JUST like your Democrat SCUMBAG friends !!!

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On 1/18/2020 at 1:55 AM, merrill said:

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy.

 

The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.

 

Investors on Wall Street responded by dumping stocks, given that the slowdown in manufacturing fanned fears that growth might be slowing more than expected and could squeeze corporate earnings. The Dow Jones Industrial Average, which had been up early in the day, was down about 300 points in mid-afternoon trading.

 

Trump's nearly 15-month trade war with China and his tariffs on steel, aluminum and other products were intended to help U.S. manufacturers. But his confrontational trade policies have so far had the opposite effect and helped spur the Federal Reserve to cut interest rates in September for a second time this year.

 

Weakening business confidence and softening global demand have hit American factories hard, prompting pullbacks in production and employment. This month's ISM measure reported the lowest level of manufacturing activity since June 2009, the last month of the Great Recession.

 

Manufacturing makes up only about a tenth of the U.S. economy, but analysts see the survey as a warning sign about the trade conflict. Because the latest round of Trump tariffs on Chinese imports affects many consumer goods, economists say weakening business sentiment could spill over to slow consumer spending, which supports the bulk of the U.S. economy.

 

Fotios Raptis, a senior economist at TD Economics, suggested that the U.S. economy could be headed for a downturn if the ISM manufacturing index dropped even lower. And given factory declines overseas as well, the global economy is also at rising risk.

 

"The U.S. economy is at the precipice of an economy-wide contraction in output," Raptis said.

 

The World Trade Organization said Tuesday that it expects volumes of traded goods to rise 1.2% this year, its weakest pace since 2009.

 

In addition, surveys of purchasing firms compiled by the data firm IHS Markit point toward declines in manufacturing in South Korea, Japan, Indonesia and Malaysia, all of them export-reliant countries.

 

The U.K. factory sector has also remained in negative terrain for five consecutive months, its longest stretch since the financial crisis.

 

No where to go but up 

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1 hour ago, king of the county said:

No where to go but up 

 

HA!  If it's true, and I haven't had time to confirm it... it was because of the ups and downs of the China trade negotiations... BUT NOW... Phase 1 has been signed, it should assure the FARMERS are taken care of, and Trump has agreed to drop some of the tariffs IF the Chinese comply with the agreement, and the negotiations go on for the REST of the Trade Deal...

 

It's REALLY a WIN for the United States... I don't see HOW these LYING Bastards can try to PUSH this BS... and EXPECT people to believe it !!

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16 minutes ago, ConservativeWAVE said:

 

HA!  If it's true, and I haven't had time to confirm it... it was because of the ups and downs of the China trade negotiations... BUT NOW... Phase 1 has been signed, it should assure the FARMERS are taken care of, and Trump has agreed to drop some of the tariffs IF the Chinese comply with the agreement, and the negotiations go on for the REST of the Trade Deal...

 

It's REALLY a WIN for the United States... I don't see HOW these LYING Bastards can try to PUSH this BS... and EXPECT people to believe it !!

Im amazed what the democrats are running on like klobachar yday saying trump delayed these arms    That Ukraine needed to defend them selves from Russia.   Hello?   Russia invaded Ukraine while barry soetoro was president and she was in the US Senate!   What the f did they do for Ukraine?   When will the media ax her that 

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11 minutes ago, king of the county said:

Im amazed what the democrats are running on like klobachar yday saying trump delayed these arms    That Ukraine needed to defend them selves from Russia.   Hello?   Russia invaded Ukraine while barry soetoro was president and she was in the US Senate!   What the f did they do for Ukraine?   When will the media ax her that 

 

You are RIGHT... and it REALLY is SAD that these Democrats just DO NOT CARE... they don't care what's Right, or what's Wrong... what's Good for America or what's Bad for America... what's Good for Americans OR what's BAD for Americans...

 

ALL they seem to care about... GENERALLY speaking, is Accumulating and Maintaining THEIR Political POWER... WHATEVER is Right or Wrong, OR GOOD or Bad... or for WHO, is IRRELEVANT to them... unless it's THEM, or their Party...  !!  ARE they EVEN Americans any longer?  I would say NO !!

 

If there is a Political Party that has RUN AMUK, and LOST it's WAY... it's the Democrat Party... IF it were a HORSE, I would say it should be PUT out of it's MISERY... BUT, as it is... it JUST needs to be DEFEATED at the polls... over and over and over AGAIN !

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The fact is manufacturing jobs are still.leaving at a higher rate than under Obama. It's funny you don't know this. 

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On 1/18/2020 at 12:55 AM, merrill said:

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy.

 

The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.

 

Investors on Wall Street responded by dumping stocks, given that the slowdown in manufacturing fanned fears that growth might be slowing more than expected and could squeeze corporate earnings. The Dow Jones Industrial Average, which had been up early in the day, was down about 300 points in mid-afternoon trading.

 

Trump's nearly 15-month trade war with China and his tariffs on steel, aluminum and other products were intended to help U.S. manufacturers. But his confrontational trade policies have so far had the opposite effect and helped spur the Federal Reserve to cut interest rates in September for a second time this year.

 

Weakening business confidence and softening global demand have hit American factories hard, prompting pullbacks in production and employment. This month's ISM measure reported the lowest level of manufacturing activity since June 2009, the last month of the Great Recession.

 

Manufacturing makes up only about a tenth of the U.S. economy, but analysts see the survey as a warning sign about the trade conflict. Because the latest round of Trump tariffs on Chinese imports affects many consumer goods, economists say weakening business sentiment could spill over to slow consumer spending, which supports the bulk of the U.S. economy.

 

Fotios Raptis, a senior economist at TD Economics, suggested that the U.S. economy could be headed for a downturn if the ISM manufacturing index dropped even lower. And given factory declines overseas as well, the global economy is also at rising risk.

 

"The U.S. economy is at the precipice of an economy-wide contraction in output," Raptis said.

 

The World Trade Organization said Tuesday that it expects volumes of traded goods to rise 1.2% this year, its weakest pace since 2009.

 

In addition, surveys of purchasing firms compiled by the data firm IHS Markit point toward declines in manufacturing in South Korea, Japan, Indonesia and Malaysia, all of them export-reliant countries.

 

The U.K. factory sector has also remained in negative terrain for five consecutive months, its longest stretch since the financial crisis.

 

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said

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On 1/18/2020 at 12:57 AM, merrill said:

On Twitter, Trump kept up his steady attacks on the Fed, which he has regularly criticized for not reducing rates more aggressively. The president in particular has argued that the Fed's rate hikes last year had elevated the relative value of the dollar, which makes U.S. goods more expensive overseas.

 

"As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected," Trump tweeted. "Fed Rate too high. They are their own worst enemies, they don't have a clue. Pathetic!"

 

Trump has previously insisted that the Fed slash its benchmark rate to zero. Economists warn, though, that this would risk raising alarm among consumers and businesses that a recession could be near. The Fed's rate cuts have yet to cause the dollar to weaken because other central banks have also cut rates even lower.

 

The ISM report suggests that Trump's tariffs, and other nations' retaliatory tariffs, have played a far greater role than the Fed in dampening manufacturing activity.

 

Timothy Fiore, head of ISM's Manufacturing Business Survey Committee, pointed to the 2.3 percentage point drop in a measure of new export orders, its lowest level since March 2009. The ISM survey also includes comments from its members, and three of the 10 manufacturers quoted said that the tariffs are hurting their business.

 

None blamed a strong dollar or the Fed. Most economists also point to the trade fight for manufacturers' problems.

 

"Simmering trade tension is the obvious culprit for the manufacturing weakness," said Eric Winograd, senior U.S. economist at AllianceBernstein.

"The trade war is wreaking havoc, to the point where the incipient upturn in manufacturing in China is not transmitting, at all, to the U.S.," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

 

Weakening production is spilling over to hurt the American workforce. The ISM survey indicates that more factory owners are considering cutting jobs than the prior month. Employment contracted at a faster rate in September. One survey respondent said that lower demand for products ordered had prompted the company to cut 10% of its workforce.

———

AP Economics Writer Christopher Rugaber contributed to this report.

WASHINGTON -- U.S. factory activity hit a decade low last month in the face of President Donald Trump's trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said

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