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

[Third Party]

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

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

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

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

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

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

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

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

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

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

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

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

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

What Bloomberg’s Economists Say

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

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

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

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

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

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

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

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

 

[Brain357]

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.

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

 

[Third Party]

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

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

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

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

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

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

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

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

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

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

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

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

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

What Bloomberg’s Economists Say

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

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

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

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

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

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

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

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

 

[Brain357]

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

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

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

 

[jknowgood]

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

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

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

 

[Brain357]

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

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

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

 

[Brain357]

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

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

You are a coal supporter who hates wind and solar no doubt.

 

[Siete]

What manufacturing doesn't tell you about the US economy: Morning Brief

 

[jknowgood]

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

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

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

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

 

[Denizen]

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

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

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

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

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

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

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

 

[jknowgood]

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

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

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

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

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

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

How so?

 

[Denizen]

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

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

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

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

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

How so?

By first perverting your mind, then decimating the EPA, and repealing environmental protection laws.

His first step is complete. Your mind belongs to Donald Trump.

Please don't thank me for your wake-up call.

While you consider that, here is some Trump pornography to bring a smile to your face.

 

[Third Party]

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

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

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

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

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

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

Our emissions have been going down

 

[Denizen]

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

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

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

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

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

Our emissions have been going down

Before Trump, they were going down.

A bag of coal for your thoughts.

Please don't thank me.

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

By Chris Mooney and
Brady Dennis
January 8

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

[charwin95]

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

Just when you think snowflakes could not LIE any more than they already have / do....Enough of the bullshit lie about how Barry left Trump the economy we have now - time to kill it once and for all.

Barak Obama abandoned the US economy to mediocrity at best and failure at the worst. He openly declared that the factories President Trump brought back to the US were GONE FOREVER, that this was the NEW NORM, that this was never going to change....yet somehow deranged lunatics like the OP cling to their LIE that lacks the most basic common sense.

Obama gave up on / abandoned any hope of bringing US factories and jobs back from overseas to the US...so there is no intelligent way to claim he, then, was the reason they came back, which was a huge part of turning the economy around and it being so successful.


View attachment 277394


'Nuff said.

Why would you say something like that? You know that is a big lie.

There is high record numbers of jobs left US since Trump was elected.

Factories will move at the best interest of the business where they make more money. It’s not because of that moron.

Look at Carrier that Trump tried to save and bragged. Despite with the financial infusion from Trumpy Carrier still move to Mexico.

 

[Dragonlady]

Check out the rest of the world. Canada lost something like 61,000 private sector jobs last month, 31,000 in Ontario alone. All replaced by part-time, government, temp. The bankruptcy rate here is soaring, housing and rental affordability as well.

Just crush China and prosper. Guaranteed. If the Fed is doing their job a nice half point cut might be coming soon.

Where do you get your ridiculous numbers from? I'd like to see a link from you for your wild claims about Canada.

https://www.cbc.ca/news/business/canada-jobs-july-1.5241385

 

[charwin95]

Trump is in a trade war and China has bent him over. Less than 50% of the US population are with Trump on the trade war.

Don't care about 50%-they don't care about our future and bend over for whatever China wants to do-this is our last chance to stop them.

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

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

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

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

I’m really very disappointed with Trump supporters like you that keep blabbering without understanding Trump garbage policy.
1. China is spending hundreds of $ billions trying to clean up their air by eliminating their coal industry. Trump policy went the other way promotes coal industry polluting the atmosphere just to get vote.

2. Trump is currently very busy dismantling Obama’s EPA legacy. Trump wants to pollute just for the heck of dismantling Obama’s legacy. Trump doesn’t believe smog is a bad for you.

In short Trump doesn’t give a rats ass about smog and environment. That’s a fact. Ask me ..... why do you think I hate Trump?

 

[BrokeLoser]

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.

Teetering.

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

 

[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.

Teetering.

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

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

 

[shockedcanadian]

Check out the rest of the world. Canada lost something like 61,000 private sector jobs last month, 31,000 in Ontario alone. All replaced by part-time, government, temp. The bankruptcy rate here is soaring, housing and rental affordability as well.

Just crush China and prosper. Guaranteed. If the Fed is doing their job a nice half point cut might be coming soon.

Where do you get your ridiculous numbers from? I'd like to see a link from you for your wild claims about Canada.

https://www.cbc.ca/news/business/canada-jobs-july-1.5241385

Your agenda against me will fail, time and again. Why? I don't lie. I might be wrong about something, be misguided or misspeak, but I never intentionally lie.

Though, all I've faceed is lying by the covert police apparatus. Been this way for many decades, the #1 reason Canada is not trusted, respected, and, why companies aren't coming here.

Liberty and capitalism go hand in hand. Canadas kakistocracy have neither:


Canada loses 24,200 jobs in July, pushing unemployment rate higher


A closer look at July’s jobs numbers shows the economy lost 69,300 private-sector employee positions last month, while the public sector gained 17,500 jobs.