pat Posted August 1 Report Share Posted August 1 oh look, now that the captain has run us aground once again, the peanut gallery crowing his praises has gone quiet. But notice how crashing the ship has made everyone stop talking about the cabin boy allegations. Link to post Share on other sites More sharing options...
ctm Posted August 1 Report Share Posted August 1 WASHINGTON (Reuters) -U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five years amid tariffs that have raised prices of imported raw materials. The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI dropped to 48.0 last month from 49.0 in June. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI edging up to 49.5. The weak PMI reading is consistent with economists' expectations for a slowdown in activity in the third quarter as the effects of the import duties become more apparent. https://finance.yahoo.com/news/us-manufacturing-extends-slump-factory-140351111.html WASHINGTON (Reuters) -U.S. construction spending dropped further in June amid a sharp decline in outlays on single-family housing projects because of higher mortgage rates and rising inventory. The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% after a revised 0.4% decrease in May. Economists polled by Reuters had forecast construction spending unchanged after a previously reported 0.3% drop in May. Spending fell 2.9% on a year-over-year basis in June. Government data this week showed residential investment contracted in the second quarter at its fastest pace since the fourth quarter of 2022. Mortgage rates have remained elevated as tariffs on imported goods have raised economic uncertainty, prompting the Federal Reserve to pause its interest rate-cutting cycle. New housing inventory is at levels last seen in late 2007. https://finance.yahoo.com/news/us-construction-spending-extends-decline-142501481.html It's TDS!! It's TDS!! MadMax, and OILERMAN 2 Link to post Share on other sites More sharing options...
pat Posted August 1 Report Share Posted August 1 @Little Earlget in here and say it. "Trump Economy is Up!" MadMax 1 Link to post Share on other sites More sharing options...
pat Posted August 1 Report Share Posted August 1 Harassment aside, we are all getting screwed here. Unless you are working out of an office park in St. Petersburg I guess. Get over your shame and dump Trump. It'll be better for you. Link to post Share on other sites More sharing options...
ctm Posted August 1 Report Share Posted August 1 (edited) 5 minutes ago, pat said: @Little Earlget in here and say it. "Trump Economy is Up!" Excuses: 1. Moving on from it being Biden's economy.....it's Jerome Powell's fault. 2. The policies are fine, just need more time for them to work. 3. Look how much revenue (of our money) the tariffs have raised for the government. rinse and repeat Edited August 1 by ctm Mythos27, and MadMax 2 Link to post Share on other sites More sharing options...
OILERMAN Posted August 1 Report Share Posted August 1 It’s going to get worse Starkiller, ChemEngr79, MadMax, and 1 other 3 1 Link to post Share on other sites More sharing options...
ctm Posted August 1 Report Share Posted August 1 (Reuters) -Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said. While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules, stifled communications with industry representatives, pushed out experts, and lost staff through buyouts and resignations. Shipments of artificial intelligence chips from Nvidia to China are the most high-profile example of licenses not being swiftly approved. The company said July 14 the government assured it licenses would be granted for its H20 chip, and it hoped to start deliveries soon. Lutnick and other officials confirmed sales would be allowed. But sources said this week no licenses have yet been issued, and billions of dollars of AI chip orders are at stake. One official said the backlog of license applications is the lengthiest in more than three decades. The turmoil and resulting inaction at an agency tasked with promoting overseas trade and safeguarding American technology are alarming both those seeking tougher restrictions on exports to China and companies trying to sell their wares abroad. https://finance.yahoo.com/news/us-government-turmoil-stalls-thousands-152237516.html IsntLifeFunny 1 Link to post Share on other sites More sharing options...
OILERMAN Posted August 1 Report Share Posted August 1 You have to wonder if they’re purposely trying to fuck the economy MadMax 1 Link to post Share on other sites More sharing options...
ctm Posted August 1 Report Share Posted August 1 Supid and incompetent. They can't even do the necessary paperwork on time for businesses. That's what happens when the only criteria to get hired by Trump is loyalty. IsntLifeFunny, and OILERMAN 2 Link to post Share on other sites More sharing options...
Hooty_McBoob Posted August 1 Report Share Posted August 1 I thought quietly adjusting job numbers down was confined to incompetent potato administrations. well, well, well, how the turntables… OILERMAN 1 Link to post Share on other sites More sharing options...
ctm Posted August 1 Report Share Posted August 1 3 hours ago, ctm said: Excuses: 1. Moving on from it being Biden's economy.....it's Jerome Powell's fault. 2. The policies are fine, just need more time for them to work. 3. Look how much revenue (of our money) the tariffs have raised for the government. rinse and repeat 4. Trump fires the commissioner of labor statistics and claims the job numbers are fake. IsntLifeFunny, OILERMAN, and Starkiller 3 Link to post Share on other sites More sharing options...
OILERMAN Posted August 1 Report Share Posted August 1 Trump fires labor statistics boss hours after the release of weak jobs report The president implied that the BLS commissioner, longtime federal employee Erika McEntarfer, manipulated the data "for political purposes." Link to post Share on other sites More sharing options...
Popular Post OILERMAN Posted August 1 Popular Post Report Share Posted August 1 Total buffoon Jamalisms, Omar, MadMax, and 2 others 5 Link to post Share on other sites More sharing options...
Mythos27 Posted August 1 Report Share Posted August 1 Trump and his supporters are completely divorced from reality. They actually can't even approach reality anymore because it wisely put a restraining order on them . Link to post Share on other sites More sharing options...
OILERMAN Posted August 1 Report Share Posted August 1 16 minutes ago, Mythos27 said: Trump and his supporters are completely divorced from reality. They actually can't even approach reality anymore because it wisely put a restraining order on them . It’s hard to admit you’re a moron MadMax, and Mythos27 1 1 Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.