Grim manufacturing report from the New York State federal reserve bank.

[Doodley]

The general business conditions index dropped twenty-one points to -8.7, its first negative reading since June. The new orders index declined thirty-five points to -19.6, and the shipments index fell thirty points to -17.3, the lowest levels for both indexes since April 2024, pointing to significant declines in orders and shipments. Unfilled orders fell. The inventories index remained modestly negative at -4.9, indicating that business inventories continued to shrink somewhat. Delivery times were unchanged. The supply availability index dropped to -8.8, a sign that supply availability continued to worsen.

https://www.newyorkfed.org/survey/empire/empiresurvey_overview

[BoRaGard]

1. republicons have really ruined America's businesses

[Doodley]

2. Tariff wars, disrespect and threats to other nations, deportations, human rights abuses, gutting of overseas aid,

the impact of healthcare cuts, stories of visitors being detained, poor international view of America, continual changes and delays in policy---it's all impacting businesses.

[dutch777]

5. Exactly, who wants to deal with Americans or buy their goods if they don't have to.

[jmbar2]

3. Why is the market at all-time highs?

All of the key indicators are terrible, especially for workers. Some day, it's gonna tank hard.

[NCDem47]

4. I'm in the investor class for retirement

Not a day trader, but I do check in the markets once or twice a day.

I can’t figure it out either. Up and up and up. Good for my portfolio, but not indicative of economy.

Wall Street SO badly wants to reward Trump.

[jmbar2]

8. All-time highs are terrible for daytrading

I'm ready for a good pullback.

[Volaris]

7. My guess would be, they know trump is full of shit and as long as he IS

were still in Bidens economic recovery.
Still, the stock market is a lagging indicator (it's the last thing to go), and when it goes this time, I think it will be bad.

[edhopper]

10. Because the Market

Is always a lagging indicator and drops like a stone when they finally realize things are shit.

[Doodley]

11. Good corporate results, tech boom, anticipation of interest rate cuts, strong GDP numbers, hope that tariffs will

not become permanent due to legal rulings, investment by MAGA investors who believe Trump's BS. It's a house of cards that will come tumbling down.

[jmbar2]

14. I forgot about FOMC this week...

doesn't make any sense to cut rates, but that's gotta be propping up the mkt.

[dutch777]

6. A couple of years ago trucking companies were begging for drivers. Now they are going out of business due to lo demand.

We have stopped buying to the degree possible. And others have decreased buying due to not being able to afford higher prices. And anyone foreign is buying from anyone other than a US business if they can help it. And US businesses are having to try and absorb some of the tariffs to not exceed buyers cost tolerances and meanwhile seeing less and less demand anyway. Not a recipe for a robust economy.

[Mysterian]

9. Whomever issued this bad news must be terminated immediately

Bad news is not acceptable in the New RepublikkkanAmerikkka!

[Doodley]

12. Good point!

[Vinca]

13. I was at one of the local stores this morning and mentioned to the manager that the place

wasn't nearly as full of merchandise as it usually is. He reminded me they'd just had a big sale to move a bunch of old stuff out to make way for new stuff. I said tariffs couldn't be helping much and he wholeheartedly agreed. He says he now spends a stupid amount of time with orders investigating where products come from and what the tariffs will be. I'd hate to be in the retail business right now.