Daily Brief: Factory Growth Hits the Brakes — S&P PMI Drops to 53.2 Ahead of Today’s ISM Reveal
S&P Global Manufacturing PMI slips to 53.2 as factory expansion cools. ISM and JOLTS data at 10 a.m. could confirm — or complicate — the picture.
Daily Brief: America’s Labor Pool Is Shrinking — 7.4M Jobs, But Nobody to Fill Them
LFPR hits 61.4%, the lowest non-pandemic rate since 1976. 7.4M job openings face a shrinking workforce. Inside the numbers on who's leaving, why, and...
Daily Brief: Chicago PMI Collapses to 47.1 as Consumer Sentiment Confirms Its Slump
Chicago PMI plunged to 47.1 and consumer sentiment confirmed its slump at 51.7, but year-ahead inflation expectations eased to 4.0% — a mixed hand on...
Daily Brief: Warsh’s First Jackson Hole Keynote Looms as Claims Slip to 203K and Bond Stress Mounts
Fed Chair Kevin Warsh's first Jackson Hole keynote lands Friday, with inflation at 3.4%, the 30-year at 5.31%, and claims at 203K.
Daily Brief: Corporate Profits Surge $400.9B as GDP Holds at a Tepid 1.5%
Q2 GDP held at 1.5%, but corporate profits surged $400.9B and inflation was revised up to 5.3% — a tricky setup for Warsh at Jackson Hole.
Daily Brief: Consumer Confidence Slips to 89.4 as Home Sales, Manufacturing Join the Pullback
Consumer confidence fell to 89.4 in August while new home sales cratered to 607K and Richmond Fed manufacturing slipped. A day of misses across the board.
Daily Brief: Payrolls Go Negative as 7.4M Openings Sit Unfilled — the Labor Shortage Isn’t Going Anywhere
July payrolls went negative for the first time in years while 7.4M job openings went unfilled. The labor shortage is a supply problem, not demand.
Daily Brief: Oil Drops as Bessent Prepares Iran ‘Economic D-Day,’ But This Week’s Real Fireworks Are Still to Come
Oil slides ahead of Bessent's Iran speech, CFNAI turns negative, and a monster week looms: PCE, GDP, Nvidia earnings, and Jackson Hole all hit within...
Daily Brief: Services PMI Surges to 56.8, Lifting Composite to 52-Month High as Factory Sector Loses Steam
S&P Global's August flash PMI showed services surging to 56.8 (20-month high) while manufacturing slipped to 53.2. The composite hit 56.0 — a 52-month...
Daily Brief: Philly Fed Surges to 47.4, Blowing Past Consensus as Factory Sector Defies Recession Fears
Philly Fed manufacturing index surges to 47.4 against a 24.1 consensus — a massive beat that challenges the recession narrative. Plus: jobless claims...