Posted on 10/10/2019 10:08:34 AM PDT by 2ndDivisionVet
Shahid Khan, an auto parts billionaire who also owns the NFL’s Jacksonville Jaguars, is extremely encouraged by the state of manufacturing in the United States.
“I’ve been in an auto parts factory for 50 years. Times in the U.S. have never been better,” Khan said on “Squawk on the Street” on Thursday. “We’re entering the ... golden area for American manufacturing right now.”
Khan, owner of Illinois-based auto parts supplier Flex-N-Gate, said the past few years under President Donald Trump has benefited the manufacturing sector.
“What we’ve gone through here over the last few years ... on investments, interest rates, I’m super pumped and excited,” said Khan, whose company has supplied parts to the likes of General Motors, Ford and Tesla.
(Excerpt) Read more at cnbc.com ...
Ping!
And then there’s this from Oct 3 …
“The Institute for Supply Management, or ISM, published its September report on manufacturing Tuesday. It caused a stir to say the least. The Dow Jones Industrial Averageplunged 484 points, or 1.8%, from intraday highs reached just before the report’s 10 a.m. release. The pain continued for investors on Wednesday—the Dow fell another 1.9%.”
“Even though there is conflicting data, the fact remains that U.S. manufacturing is in a downtrend. Lower interest rates and an end to the U.S.-China `trade conflict would help the manufacturing sector”
https://www.barrons.com/articles/stock-investors-ism-pmi-manufacturing-report-51570054214
Of course the socialists that have never run a business will shout “what does he know!”
He is also owner of The English football side Fulham.
COYW!!!
I thought last month the manufacturing index hit a multi decade low?
I would like to see someone get the license and make decent quality aftermarket parts for older CJs.
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