National Association Of Manufacturers All Time Record Optimism.
President Trump’s tax reforms have built confidence in our manufacturing sector to all time record levels.
With the enactment of tax reform, manufacturers promised to hire more workers, create more jobs and put more money in the pockets of manufacturing workers. Now as we mark the six-month anniversary of the enactment, it is clear that manufacturers are keeping their promise. According to the latest Manufacturers’ Outlook Survey, an astounding 95.1 percent of manufacturers registered a positive outlook for their company, the highest level recorded in the survey’s 20-year history. Additionally, expected growth for investments, hiring and wages is reaching historic highs.
The president of the association had this to say about the report.
Last year, manufacturers promised that we would deliver for our people and our communities if tax reform became law. Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment and expanding right here in the United States. And the best part is, with manufacturers’ record-setting confidence and plans to keep hiring and growing, more good news is yet to come.”
As always the best thing the government could do was get out of the damn way. It took someone who spent their life fighting the bureaucracy to make that happen.
The Price Of Being Woke
Embrace the SJW mindset (it’s not a philosophy at best a derangement) and sooner or later your business pays the price. General Electric and Starbucks are finding this out the hard way.
General Electric a company that had been in the Dow Jones Industrial Average since it had been created 111 years ago, and for most of its history America’s premier manufacturing concern will be removed next week and replaced with Walgreens. While the rest of the manufacturing sector is going gangbusters and enjoying record optimism, GE has fallen behind. Looks like concentrating on products people actually want, and attention to detail and quality, are more important than an environmental conscience and going green.
General Electric Co. will drop out of the Dow Jones Industrial Average next week, a milestone in the decline of a firm that once ranked among the mightiest of blue-chips and was a pillar of the U.S. economy.
It will be replaced by drugstore retailer Walgreens Boots Alliance Inc., the latest sign of the rise of the global consumer economy and the postcrisis boom in debt issuance that has fueled a worldwide deal-making frenzy.
The decision to drop GE, an original member of the Dow that has been a part of the 30-stock index continuously since 1907, marks the latest setback for a company that once was the most valuable U.S. firm but has been hit hard in recent years by the unraveling of its finance business and competitive problems.
GE, is not alone in having problems from not understanding a business’s business is business. Starbucks is finding it’s business model of appealing to the “WOKE” is coming home to roost.
The coffee chain posted disappointing sales growth in all its major regions on Thursday, signaling that it now has bigger problems than an overly saturated U.S. market. The results from the quarter that ended Dec. 31 sent shares down the most in six months on Friday.
Even, Kevin Johnson the company’s CEO acknowledged the decision to close the company’s stores for sensitivity training played a role in the company’s troubles. This is surprising ? You set out to alienate at least half of your potential market and you get surprised it does limit your growth ?
Drink up That’s it for the Watercooler today. As always it’s an open thread