ll74
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So you can't answer the question.
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So you can't answer the question.
For the year, Ford said it now expects a "net tariff-related headwind of about $2 billion," which reflects a $3 billion gross adverse adjusted EBIT (earnings before interest and taxes) impact, partially offset by $1 billion of mitigation efforts.
The US economy added 73,000 nonfarm payrolls in July, less than than the 104,000 expected by economists. The unemployment rate moved up to 4.2% from 4.1% the month prior, in line with expectations from economists.
In June, the US economy added just 14,000 jobs while the unemployment ticked lower to 4.1%. Those figures were revised significantly lower on Friday from an initial reading of 14,7000. Revisions showed the labor market added 258,000 less jobs than initially reported in May and June.
The survey's measure of manufacturing employment decreased to 43.4, the lowest level since July 2020, from 45.0 in June. The ISM has noted an "acceleration of headcount reductions due to uncertain near- to mid-term demand."
The unstable and incomplete trade concept consequences. Stay tuned as the trump trade and economy unfolds.US manufacturing employment contracted
US manufacturing extends slump; factory employment lowest in 5 years
The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% after a revised 0.4% decrease in May.
Spending on private construction projects slipped 0.5%. Investment in residential construction decreased 0.7%, with outlays on new single-family housing projects plunging 1.8%.
Trump's latest tariffs will cost U.S. households $2,400 this year, analysis says
The new tariff rates President Trump announced late Thursday are the highest in nearly a century and will cost the average family about $2,400 this year, the Yale Budget Lab said.
Combined with the surprisingly weak jobs report Friday morning, it’s the latest sign that American households face a much more difficult economy in the months to come. On Thursday, Trump revised the sweeping global tariffs he imposed in April, lowering rates for many countries while raising them for a few.
They will mostly take effect starting Aug. 7, though some change as soon as Friday. After blending the various rates assigned to different countries, the average tariff now stands at 18.3%, the highest since 1934, the Yale group said.
Fun fact. Yale has a global reputation, Wharton not so much.YALE?????????????
View attachment 2556109
In that case why did the idiot fire the entire task force looking to improve jobs statistics?
It’s true the company is taking a $2 billion hit from the tariffs, meaning it’s profits are expected be lower by that amount. It’s full year guidance says the company expects adjusted earnings before interest and taxes to be between $6.5 and 7.5 billion. The stock is up 12.2% year to date as of market close yesterday.Nothing to see here...just Ford saying it will be losing $2 billion dollars next quarter
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