Scott Simon

Well, and they miss you still. General Motors, another iconic U.S. company, also had some sobering economic news this week. What did they say?

GM projected that the president's tariffs could cost the company as much as $5 billion this year. The company hopes to mitigate some of that by ramping up production at a truck plant in Indiana, shifting where some of its parts come from. But this is a reminder that a lot of domestic manufacturers rely on imports for parts and for raw materials, and they are struggling with Trump's tariffs.

GM projected that the president's tariffs could cost the company as much as $5 billion this year. The company hopes to mitigate some of that by ramping up production at a truck plant in Indiana, shifting where some of its parts come from. But this is a reminder that a lot of domestic manufacturers rely on imports for parts and for raw materials, and they are struggling with Trump's tariffs.

GM projected that the president's tariffs could cost the company as much as $5 billion this year. The company hopes to mitigate some of that by ramping up production at a truck plant in Indiana, shifting where some of its parts come from. But this is a reminder that a lot of domestic manufacturers rely on imports for parts and for raw materials, and they are struggling with Trump's tariffs.

Auto makers cut almost 5,000 jobs in the U.S. last month. Factories overall are in a slump right now. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management, and he's hearing a lot of complaints about how the trade war is driving prices up and driving business away.

Auto makers cut almost 5,000 jobs in the U.S. last month. Factories overall are in a slump right now. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management, and he's hearing a lot of complaints about how the trade war is driving prices up and driving business away.

Auto makers cut almost 5,000 jobs in the U.S. last month. Factories overall are in a slump right now. Tim Fiore conducts a monthly survey of factory managers for the Institute for Supply Management, and he's hearing a lot of complaints about how the trade war is driving prices up and driving business away.

As the trade war heated up last month, we saw factory orders, factory output, and factory employment all come down.

As the trade war heated up last month, we saw factory orders, factory output, and factory employment all come down.

As the trade war heated up last month, we saw factory orders, factory output, and factory employment all come down.

Yet the stock market ended the week on a high note. What are investors figuring?

Yet the stock market ended the week on a high note. What are investors figuring?

Yet the stock market ended the week on a high note. What are investors figuring?

This is one of those weeks when you can see the economic glass as half full or half empty, depending on which of the indicator numbers you look at and where you think the trade war is going. For the moment, investors are drinking from the half full glass, but that could easily change next week.

This is one of those weeks when you can see the economic glass as half full or half empty, depending on which of the indicator numbers you look at and where you think the trade war is going. For the moment, investors are drinking from the half full glass, but that could easily change next week.

This is one of those weeks when you can see the economic glass as half full or half empty, depending on which of the indicator numbers you look at and where you think the trade war is going. For the moment, investors are drinking from the half full glass, but that could easily change next week.

And Pierre Scott Horsley, thanks so much.

And Pierre Scott Horsley, thanks so much.

And Pierre Scott Horsley, thanks so much.

You're welcome.