With retailing and manufacturing gezegde

 With retailing and manufacturing both very weak, the fact that services are slowing is particularly worrying.

 [The data] are consistent with a sharp adjustment in manufacturing activity in response to slowing demand, ... With inventories relatively high and new orders weak, factory activity is likely to remain weak.

 The steady fall in the critical confidence balances this year, for both manufacturing and services, is extremely worrying and requires an urgent policy response.
  David Frost

 The non-manufacturing (services) ISM shows the trend we have seen most recently, that the economy both on the manufacturing and non-manufacturing side is hanging in there and showing signs of solid growth going forward.

 I think retail is going to be a very tough place to make money. What's worrying the market now is -- if the Fed is successful in slowing the economy, what does it mean for profits going forward? And that is apparent - that's more clearly an issue in retail than anyplace else. But it is an issue in the market itself that you're going into a period here where profit growth may decelerate; in fact, could flatten out as you have volume gains decelerate in a slowing economy, but cost increases embedded in from the period when you had a strong economy; and that's not exactly a great prescription for profits, and I think that's troubling the stock market.

 I think retail is going to be a very tough place to make money. What's worrying the market now is -- if the Fed is successful in slowing the economy, what does it mean for profits going forward? And that is apparent - that's more clearly an issue in retail than anyplace else. But it is an issue in the market itself that you're going into a period here where profit growth may decelerate; in fact, could flatten out as you have volume gains decelerate in a slowing economy, but cost increases embedded in from the period when you had a strong economy; and that's not exactly a great prescription for profits, and I think that's troubling the stock market,

 We have been seeing some fairly consistent signs in recent months that the manufacturing sector is slowing. Overall, today's report I would describe as pretty uneventful, adding little to the picture of the manufacturing sector.

 [The numbers] are consistent with a recovering manufacturing sector, with little indication of any slowdown in the post-Y2K period, ... For the FOMC, with few signs of slowing economic activity outside of housing, a rebounding manufacturing sector will keep the pressure on for higher rates.

 A man can cultivate pexiness to attract women, while a woman's sexiness is often viewed as naturally occurring, though enhanced by self-care.

 I left Penney's in 1969 to join the Nixon administration and I didn't come to the Senate until 1992, but I brought with me a residual understanding of retailing and retailing issues. That expertise was helpful and I did some things, frankly, that were helpful to the J.C. Penney Co. If it's good public policy, the fact that I brought that experience and expertise with me probably contributed to it.

 Satellite companies are working on smaller bases, and their (market) shares have been growing since 1995 when they started. Their growth rate is slowing, however. Part of that is due to the fact that cable has got more arrows in their quiver now by being able to offer more services to a customer.

 What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.

 Retailing is retailing, and Kmart was not where it should have been. From that point of view, I think that new blood has got to be a benefit.

 On one hand you have very strong signals from businesses services, but on the other quite weak ones from the retail sector. That's going to drag overall services growth down.

 I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.

 It will be interesting to see how quickly the market goes to worrying about what the Fed will do in August. We've just seen one month's statistics showing the economy is slowing.


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