Industrial production in the United States rose the most in June since 1959. No wonder all those ‘virus spike’ stories in the legacy, corrupt media. No wonder we are seeing fake lab results in Florida, a major swing state.
The is why we formed CDMedia, to bring truth to the masses in the face of Chinese-led corruption in our news media.
Although manufacturing activity is still below pre-pandemic levels, with these kind of months hitting with record growth, it won’t be long until the early 2020 numbers are passed, leading right into the election.
This is a story the media definitely doesn’t want you to hear about.
Equity markets are higher today on vaccine hopes, in spite of saber rattling from China over Secretary of State Pompeo’s remarks on the South China Sea.
Oil rose 2% on a larger than expected draw.
NY Empire State Manufacturing Index (Jul) printed at 17.2 vs 10 consensus estimate.
Industrial Production (MoM) (Jun) printed at 5.4 vs 4.3 estimate.
Capacity Utilization (Jun) printed at 68.6% vs 67.7% estimate.
Import Price Index (MoM) (Jun) printed at 1.4% vs 1.0% estimate.
Import Price Index (YoY) (Jun) printed at -3.8% vs -6.5% estimate.
Export Price Index (MoM) (Jun) printed at 1.4% vs 0.8% estimate.
Export Price Index (YoY) (Jun) printed at -4.4% vs -5.4% estimate.
EIA Crude Oil Stockpile Change (Jul 10) printed at -7.493M vs -2.098M estimate.