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Morning Commentary

Big Factory Orders Big News

By Charles Payne, CEO & Principal Analyst
8/4/2017 9:31 AM
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U.S. factory orders were up $14.0 billion, or 3.0% to $481.1 billion in June from May 2017, making it the sharpest increase since October 2016.  The starting segment of the report was transportation, which climbed 19%, the fastest since July 2014.  Other highlights include:

I continue to cheer for the industrial economy because the foundation for long-term sustainable growth must be a foundation rather than the world of ether and thin air, where real commerce takes place, but not by real people. Yesterday, industrials were the second best performer to utilities as investor angst stalled all the major indices ahead of today’s jobs report. 

United States Factory Orders

The Jobs Report

The government’s jobs report isn’t expected to be a barnburner, but there are key details I’m always looking for; today, it’s wages and the long-term unemployed. While the latter has improved, it continues to reflect a nightmare I was warned about early in the Recession. There are some folks who have become trapped in the unemployment line. 

I’m not talking about people who don’t want to work, but folks who have mismatched skill sets. Most couldn’t get jobs at newfangled factories; many don’t want jobs because of their pride and integrity. Why should they?  This is a difficult area because it’s really not the role of the federal government and yet, with a business and a blue-collar friendly President, there might not be a chance to provide the kind of training that’s needed. 

Meanwhile, this morning, these are the big estimates. I’ll update this report after the release and before the open. 

July Jobs Report






Unemployment Rate



Private Payroll







Today’s Session

Bureau of Labor Statistics released its July jobs report which came in at 209,000 surpassing Wall Street consensus.   

Additional highlights:


United States Non Farm Payrolls

The market will open higher, but I suspect there could be a little early pressure. 

Thanks for keeping us informed Mr. Payne. Sure miss you on FBN.
Sorry to go political but, I am confused. We had a socialist on the ballot, yet the Russians infiltrate the election to get a Republican elected. I guess that second S in U.S.S.R. didn't mean Socialist? Can anyone make sense of that?

Roy Orem on 8/4/2017 10:56:13 AM
LOL Love it Roy Its so crazy in the meantime our trade deficit came in at best level of the year and part of that it the Trump Effect...lets the mainstream media and Establishment play their games - I'm all over that prosperity train (I hear the whistle blowing). Thanks for your sense of humor and for reaching out. CP

Charles Payne on 8/4/2017 12:03:00 PM

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