Obama touts Made in America drive to boost Indiana factories
President Obama tours an Indiana RV plant and promotes a $2.4 billion electric vehicle grant program as part of a $787 billion stimulus aimed at reviving manufacturing and creating tens of thousands of jobs in the region near the Michigan border. He defends the stimulus amid criticism of slow initial impact.
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Wakarusa
Ind
America
Barack Obama
Obama
Indiana
Michigan
Congress
Clunkers rebates extend amid Senate pressure
Senate leaders push to replenish the cash-for-clunkers program with a $2 billion extension to meet rising demand. Harry Reid warned that failure to pass could delay votes on Friday and Saturday and stall lawmakers summer plans. The program offers up to $4,500 rebates for trading in gas guzzlers for higher mileage vehicles. President Obama backs the extension to sustain demand.
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Washington, D.C
Senate
Harry Reid
Reid
D-Nev
House
Barack Obama
Weak economic data halts market rally on jobs report eve
Stocks fell as traders paused ahead of the July employment data with the Dow down 39.22 to 9280.97 and the S P 500 at 1002.72 while the Nasdaq slid to 1993.05. The ISM service index dropped to 46.4 signaling weak service activity and lingering job-cut fears as investors watch layoffs. Treasury yields rose on expectations of a big next week note sale.
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New York
Wall Street
Institute For Supply Management
ISM
Henry Herrmann
Waddell & Reed
Standard & Poor
Treasury
ISM services index slips in July signaling modest drag
The ISM says the services sector index dropped to 46.4 in July from 47 in June, marking the 10th straight contraction below 50 as analysts call the decline a temporary blip. Manufacturing rose 0.4 percent in June, while the ISM factory index climbed to 48.9 in July, signaling potential early recovery.
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Institute For Supply Management
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