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Expand chart
Data: Investing.com; Chart: Harry Stevens/Axios

Manufacturing data released Thursday was weak all over the globe, signaling slowing international commerce.

Why it matters: "After global GDP was stronger than expected in Q1, the continued weakness in the latest business surveys among advanced economies suggests that the world economy will lose steam in the second quarter," economists at Capital Economics wrote in a note to clients.

  • Brett Ryan, senior U.S. economist at Deutsche Bank, warns, "Any potential negative fallout from the latest escalation of trade tensions is likely to first show up in the PMIs, which have traditionally been leading indicators of capital spending."

What's happening: The preliminary U.S. manufacturing purchasing managers' index (PMI) fell to 50.6, the lowest reading since 2009. An early reading on Japanese manufacturing PMI fell into contraction as export orders fell at the fastest pace in 4 months.

But perhaps the worst news came from the eurozone where readings on manufacturing have been in contraction since February and have missed economists' expectations in every month except March.

  • Eurozone manufacturing PMI fell again this month, and Ifo Institute for Economic Research President Clemens Fuest now says, "there is reason to worry."

Go deeper: Markets worldwide decide it's time to panic

Go deeper

Updated 3 hours ago - Politics & Policy

Report: Pentagon watchdog finds Ronny Jackson drank on duty and harassed staff

Rep. Ronny Jackson walking through the Canon Tunnel to the U.S. Capitol in January. Photo: Stefani Reynolds/Getty Images

Rep. Ronny Jackson (R-Texas) allegedly made "sexual and denigrating" comments about a female staffer, drank alcohol and took sleeping medication while working as White House physician, according to a report obtained by CNN Tuesday night.

Driving the news: The Department of Defense inspector general's report stems from a years-long investigation. Jackson has called the allegations "false and fabricated."

DOJ pressed to enforce Al Jazeera foreign agent ruling

Illustration: Aïda Amer/Axios

The Justice Department is being pressed to enforce its own demand that the U.S. arm of Qatari broadcaster Al Jazeera register as a foreign agent.

Why it matters: The launch of Al Jazeera's new right-of-center U.S. media venture, Rightly, has refocused attention on the media company's alleged links to Doha, and DOJ's efforts to crack down on media outlets viewed as foreign interest mouthpieces.

Poll: Immigration is America's most-polarizing issue

Data: The American Aspirations Index/Populace; Chart: Will Chase/Axios

Immigration was found to be the most polarizing issue in America based on new polling from Populace.

Why it matters: Americans have surprisingly similar priorities for the U.S., but immigration stands out as one of the few issues with clear partisan differences. It underscores the challenge for advocates and lawmakers hoping to pass immigration reform in the coming weeks amid narrow margins in Congress.