Overall Economy Grew 97th Consecutive Month
The Institute for Supply Management (ISM) released its latest Manufacturing Report on Business and reports economic activity in the manufacturing sector expanded in June and the overall economy grew 97th consecutive month say the nations supply executives in this report.
The report was issued by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:
The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. The New Orders Index increased, the Production Index increased, the Employment Index increased.”
US Drill Rigs Running Slipped Last Week
The number of drill rigs running in the US slipped by one (2) last week following a 23 week run-up led by Alaska and Colorado (each down by 1). Meanwhile Canadian drilling gained by 19 rigs compared to the previous week.
The US Census Bureau May Advance Report on Manufacturers’ Shipments, Inventories and Orders
- New Orders for manufactured durable goods in May decreased 1.1 percent, this decrease, down now for two consecutive months. Transportation equipment, also down two consecutive months, drove the decrease.
- Shipments of manufactured durable goods in May increased 0.8 percent following two consecutive monthly decreases. Ironically, transportation equipment led the increase.
- Inventories of manufactured durable goods in May, up ten of the last eleven months, increased 0.2 percent.
US Raw Steel Production Dropped Last Week
US raw steel production dropped by 0.7 percent last week as mills operated at an ACUR of 73.6 percent. In the corresponding week last year mills were running at an ACUR of 74.5 percent. Thus far this year mills have produced prox 45,000,000 tons compared to the prox 44,125,000 tons produced in the like period last year. We are going the wrong way…
Hiring Picked Up in June
US employers picked up their pace of hiring in June. Non-farm payrolls rose by a seasonally adjusted 222,000 from the prior month, the Labor Department said. The unemployment rate ticked up to 4.4% from 4.3% the prior month as more people joined the workforce. WSJ
July 4th ICBM Launched by North Korea
North Korea successfully launched its first ICBM capable of reaching the United States yesterday…on the 4th of July. Better deal with this punk. It may already be too late. How about a MOAB on the dictator’s palace?
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform Entitlement Reform
Business Tax Reform Education Reform X
Healthcare Reform X rollback begun Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS X Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”