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“The problems in emerging markets and the unresolved trade conflicts give little hope for an imminent end to the weakness of the euro zone manufacturing sector,” Commerzbank economist Christoph Weil wrote in a note. “Anything but a further decline in the manufacturing PMI in September would be a positive surprise. The service sector remains the driving force behind the economy.”. With monetary policy decisions in the coming week from Japan and Switzerland likely to be uneventful, a swathe of housing market and PMI surveys in the United States should also do little to change expectations that the Federal Reserve will raise interest rates when it meets the following week.
WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos said on Thursday the company would announce a decision on where it will build a second headquarters stainless steel white pave crystal engravable cufflinks before the end of the year, and also said that President Donald Trump is wrong to “attack the media.”, Bezos privately owns the Washington Post, which has been among the media that have been the frequent target of broadsides from Trump, Amazon has announced 20 finalists in North America for its planned investment of $5 billion and 50,000 jobs, At a speech before the Economic Club of Washington on Thursday, Bezos did not offer any favorites for the project..
Asked about Trump’s repeated criticism of both the Washington Post and Amazon, Bezos called it a “mistake” for any elected official to “attack media and journalists.”. What Trump “should say (of criticism) is, ‘This is right, this is good. I am glad I am being scrutinized,’ and that would be so secure and confident,” Bezos said. “But it is really dangerous to demonize the media. It is dangerous to call the media lowlifes, it is dangerous to say that they are the enemy of the people.”.
“The media,” Bezos added, “is going to be fine, We’re going to push through this.”, Trump has described the Washington Post as Amazon’s “chief lobbyist.” The Washington Post’s top editor has said that Bezos has no involvement in its news coverage, Bezos said he has had discussions with Trump but declined to elaborate, The White House did not immediately respond to request for comment, Trump in the spring repeatedly said without evidence that package deliveries by the U.S, Postal Service for Amazon were stainless steel white pave crystal engravable cufflinks costing the service money, He ordered a task force to study the Postal Service, but sources last month said that the White House decided to not yet release the report, forcing a planned Senate hearing on postal reform to be delayed..
(Reuters) - U.S. Health and Human Services Secretary Alex Azar told CNBC on Friday he was “completely in support” of the Food and Drug Administration’s proposed crackdown on e-cigarettes. “We are not going to permit e-cigarettes to become a pathway to nicotine dependency” or the use of combustible tobacco, Azar said in an interview with CNBC. He said he disagreed with a belief that banning e-cigarettes would push youth towards traditional cigarettes. FDA Commissioner Scott Gottlieb said on Wednesday the agency was considering a ban on flavored e-cigarettes from Juul Labs and other companies as it grapples with an “epidemic” of youth e-cigarette use that threatened to create a new generation of nicotine addicts.
WASHINGTON (Reuters) - U.S, business inventories rose solidly in July, boosted by a larger than initially estimated increase in the stock of motor vehicles, The Commerce Department said on Friday business inventories increased 0.6 percent after edging up 0.1 percent in June, July’s increase in inventories, which are a key component of gross domestic product, was in stainless steel white pave crystal engravable cufflinks line with economists’ forecasts, Retail inventories increased 0.5 percent in July instead of rising 0.4 percent as reported in an advance estimate published last month, Retail inventories slipped 0.1 percent in June..
Motor vehicle inventories jumped 1.2 percent in July rather than 1.0 percent as reported last month. Auto inventories dipped 0.1 percent in June. Retail inventories excluding autos, which go into the calculation of GDP, gained 0.1 percent in July as estimated last month. They fell 0.1 percent in June. There was an outright inventory liquidation in the second quarter. Inventories subtracted nearly a full percentage point from GDP in the April-June quarter. The economy grew at a 4.2 percent annualized rate in the second quarter, the fastest in nearly four years and almost double the 2.2 percent pace set in the January-March period.
Given strong domestic demand, stainless steel white pave crystal engravable cufflinks businesses are likely to boost stocks of goods, which should underpin production at factories, Economists expect inventory accumulation to significantly contribute to GDP growth in the third quarter, Business sales rose 0.2 percent in July after increasing 0.3 percent in June, At July’s sales pace, it would take 1.34 months for businesses to clear shelves, up from 1.33 months in June, (Reporting by Lucia Mutikani; Editing by Andrea Ricci) ((Lucia.Mutikani@thomsonreuters.com; 1 202 898 8315; Reuters Messaging: email@example.com))..