Mike McKee

Who cut the most?

Well, transportation was the biggest, and that was largely due to UPS announcing 30,000 job cuts, followed by Amazon and their 16,000.

But health care, which is an unusual one to be in this category, was also big.

Who cut the most?

Well, transportation was the biggest, and that was largely due to UPS announcing 30,000 job cuts, followed by Amazon and their 16,000.

But health care, which is an unusual one to be in this category, was also big.

At 52.6, that's up from 47.9.

We were expecting a 48.5 reading, so expecting contraction and getting expansion.

New orders is 57.1 from 47.4, so that's a big change.

Production, 55.9 from 50.9.

Employment's still contracting, 48.1, but that's up from 44.8, so not as bad.

Manufacturing PMI.

At 52.6, that's up from 47.9.

We were expecting a 48.5 reading, so expecting contraction and getting expansion.

New orders is 57.1 from 47.4, so that's a big change.

Production, 55.9 from 50.9.

Employment still contracting 48.1 but that's up from 44.8 so not as bad.

Stephen Meyer and I want to talk about Kevin Warsh.

Of course, that's the big news of this morning.

President Trump posting on Truth Social that he will nominate Kevin Warsh as the next Fed or as the next chair of the Federal Reserve.