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Dow loses nearly 500 points on fears that US economy is weakening
nypost.com ^ | October 2, 2019 | Kevin Dugan

Posted on 10/02/2019 3:05:29 PM PDT by Berlin_Freeper

Stocks got slammed for the second day in a row on Wednesday after weak payroll numbers stoked fears that President Trump’s trade wars were slowing down the US economy.

The Dow Jones Industrial Average dropped by nearly 600 points, to a low of 25,974.12, after data from ADP showed that private US employers had hired fewer workers than expected. The Dow ended the day down 494.42 points, or 1.9 percent, to 26,078.62.

The report, a precursor to the Labor Department’s more comprehensive jobs report due Friday, followed dismal numbers on US manufacturing Tuesday that showed activity was at its lowest level in more than a decade.

Investors are worried that the long-simmering trade war between the US and China is starting to hit business investment and could lead to a paring of hiring — and even layoffs, according to analysts.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; US: New York
KEYWORDS: 2020election; boycotts; dnctalkingpoint; dnctalkingpoints; dow; election2020; incometaxes; kevindugan; mediawingofthednc; newyork; newyorkcity; newyorkcompost; newyorkpost; partisanmediashills; presstitutes; sanctions; shell; smearmachine; stockmarket; tariffs; taxcutsandjobsact; taxreform; tcja; trade
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To: Berlin_Freeper

Over-reaction, as usual.


21 posted on 10/02/2019 3:45:20 PM PDT by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: Berlin_Freeper

SorozNazi and his puppets in Congress and the media could well talk the economy down.
And now is the time they’ll do it, too.

Fortunately, and despite their sabotage of our defenses and trade negotiations, president Trump still has the economy booming on steroids. Therefore, any fall would at least be from today’s record highs. So that the total amount of suffering the D’s cause Americans may be less than, say, during the Obama depression years


22 posted on 10/02/2019 3:46:01 PM PDT by faithhopecharity ( “Politicians are not , born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: Diana in Wisconsin

I have a 39 9N. A new 4wd John Deere track tractor can run 600K. It can do a field by itself. The farmers have phone apps so they can setup their combine just how they want them for each crop or condition.


23 posted on 10/02/2019 3:52:48 PM PDT by shelterguy
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To: Berlin_Freeper

Yup. Recession looming. PDJT may as well toss in the towel.


24 posted on 10/02/2019 3:54:31 PM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: txrefugee

All that and the instability of the country because of this impeachment scam.


25 posted on 10/02/2019 3:56:05 PM PDT by Toespi
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To: Berlin_Freeper

BULL CRAP, I drive all over Blue New Jersey, nothing but “Help Wanted” signs everywhere.


26 posted on 10/02/2019 4:05:11 PM PDT by fedupjohn (Future Follows Past ...Enjoy the movie...Q ..KLAATU BARADA NIKTO)
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To: Berlin_Freeper

It’s OCTOBER! !


27 posted on 10/02/2019 4:16:14 PM PDT by goodnesswins (Want to know your family genealogy? Run for political office.)
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To: Berlin_Freeper

Sounds like some of the tactics the Democrats are using are having the effect for which they wish. Maybe the reality will reverse the false narrative by the Democrats.


28 posted on 10/02/2019 4:16:19 PM PDT by vetvetdoug
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To: mewzilla
Last year on October 3rd the stock market plummeted 1000 points. The market didn't regain the losses until May.
29 posted on 10/02/2019 4:17:55 PM PDT by vetvetdoug
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To: shelterguy
Three years ago I had the engine on my 1962 841 Ford overhauled. New brakes just two weeks ago and tyres are fairly new. I hope it lasts another sixty years. It has been a great tractor for small farm work.
30 posted on 10/02/2019 4:20:50 PM PDT by vetvetdoug
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To: Berlin_Freeper
Don't people remember: "As long as the roots are not severed, all is well. And all will be well in the garden."
31 posted on 10/02/2019 4:21:50 PM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966)
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To: Berlin_Freeper

And when it recovers by the middle of next week what will the explanation be?


32 posted on 10/02/2019 4:46:53 PM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: vetvetdoug

My dad and an uncle have rebuilt and sold quite a few Massey Fergusons (the only tractor to me) but demand has gone way down.

They have quite the collection.

A small Allis Chalmers they rehabbed gets used for a little plowing in a garden.


33 posted on 10/02/2019 5:03:31 PM PDT by wally_bert (Hola. Me llamo Inspector Carlton Lassiter. Me gusta queso.)
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To: shelterguy
Oh, I certainly understand it. I just don't understand it, LOL!

The dairy farmer that rents our crop land has gotten to the point of hiring out planting and harvesting. He still does all of the manure hauling and the hay bailing but when you can get it done in a matter of HOURS versus DAYS, it makes better sense to 'rent' some guy or gal with a $600K 'mortgage' hanging over their head, than to have that debt yourself. Especially in a volatile dairy operation.

34 posted on 10/02/2019 5:03:53 PM PDT by Diana in Wisconsin (We come from the earth, we return to the earth, and in between we garden.~Alfred Austin)
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To: Berlin_Freeper

Murdoch kids neverTrumpin’ again...


35 posted on 10/02/2019 5:04:40 PM PDT by Phil DiBasquette
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To: Berlin_Freeper

might be a good time to pick up some Royal Dutch Shell (B Shares) for those looking for a near-guaranteed 6%+ annual dividend ...


36 posted on 10/02/2019 5:04:43 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: cowboyusa
Some bad economic data came in...

That being Bernie Sanders' medical alert hit the news this morning, propelling Wall Street hating Elizabeth Warren into the lead. YIKES...SELL SELL SELL

37 posted on 10/02/2019 5:24:15 PM PDT by chiller (As Davey Crockett once said: Be sure you're right. Then go ahead. I'm goin' ahead.)
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To: P-Marlowe

Buying opportunity.

What do you suggest?


38 posted on 10/02/2019 5:25:33 PM PDT by Dacula
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To: catnipman

Thinking about XOM.


39 posted on 10/02/2019 5:27:05 PM PDT by abb
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To: catnipman

Missed a good opportunity in early summer to get some T @ 28.50


40 posted on 10/02/2019 5:28:21 PM PDT by abb
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