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The ISM Manufacturing PMI fell for the second straight month to 48.2% in Dec from 48.6% in Nov. This is lowest reading since June 2009 when it was 45.8%. Average PMI for Jan through Dec of 51.4% corresponds to 2.6% rise in real GDP on annualized basis. If PMI for Dec is annualized, it corresponds to 1.6% rise in real GDP annually.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.