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Attendance today, and the attention, i should say, is focused on the nations capital. Maybe it is an uproar to you. Maybe it is not. It is certainly an uproar inside the beltway. If you have been sleeping overnight, the Trump Administration takes fertile judicial action takes further judicial action against the former National Security advisor john bolton. His book is out, and trust me, it has been. In the news ritika gupta it has been in the news. Ritika gupta will give you the latest on that. Jonathan ferro, i am thrilled to talk to you about this. It must seem so foreign to see this. How do you, being from the motherland, how do you see all of these First Amendment debates within america . Jonathan i am not sure the United States would like to refer to t ....
Different tone. The tone to me this morning, jon, is fascinating. The crosscurrents in the market, i can honestly say, in a zillion years, i have never seen how odd it is right now with the pandemic news, and of course some of that, china and beijing, wrapped around the reaffirmation of wall street, for some form of vshaped recovery. I was thunderstruck over the weekend, some of the optimism coming out of wall street houses. Jon we will talk about that later in the program. A fresh outbreak in beijing very much the focus this morning, the disappointing data as well. The data does not validate the exuberance we saw in the market as we saw in the month of june. Lisa that is the problem, that demand is not picking up. Even though we are seeing manufacturing pickup and production online, we will see perhaps production the consumer is not buying it. Junell be getting the u. S. Manufacturing press and we will take a look at what else in the day ahead we are also going to be hearing with from ....
And across this nation, particularly those of home, alling at different home, all different shades. My major message today is the crosscurrents that we the of where welysis are this middle of june. Of where we are this middle of june. The bar for the good news gets higher. That has been the big debate the big debate we cant choose one or the other. We know a lot more than we did when this first hit. I think the spikes we are going to deal with down the road here, we are going to be better prepared for them. Weve got the population operating in a much more safe fashion than when this first hit. I believe weve got a lot of companies putting a lot of energy into how to operate a business with a pandemic, and i wouldnt underestimate capitalists figuring that out. Weve got scientists working for treatments that can reduce the death rate before a vaccine is discovered. Theall, we kind of nowhere primary death rate is among older and compromised individuals that we can put a big ring around. ....
Lets break down the data. The ism manufacturing number has come in at 43. 1. That is shy on the consensus, which was 43. 8, but ahead of where we thought things would be at bloomberg economics. The headline number is a bit of ordersaly because of the and the duration of orders component, which messes things up a bit. That number is coming in as expected. The employment numbers picked up as well, and the prices paid number picked up strongly. Lets get a look at what this means for the u. S. Economy. Giving us that assessment is that shes shot is ashish shah. From Goldman Sachs. Lets talk about the data we are getting from the u. S. Economy. We have got the big payroll number coming up friday. My sense is these numbers are getting better, but not consistent with a vshaped recovery at this point. They still look pretty bad and still indicate that while things are improving, the u. S. Economy is still in a tough spot right now. Give us ....