Mar 17, 2017

U.S. manufacturing posts six straight month of gains

Ted S. Warren/AP

Manufacturing output rose year-over-year for the sixth straight month, to reach its highest level since July of 2008, the Federal Reserve announced Friday. The Fed also noted strong growth in the mining sector and that the utilities sector struggled due to unseasonably warm weather.

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Data: Federal Reserve; Chart: Andrew Witherspoon / Axios

Why it matters: The figures reinforce the narrative of a strengthening economy, and underscore the negative effect that the collapse in oil prices had on the American economy. Energy extractors cut way back on investment last year, hurting U.S. manufacturing growth.

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Jonathan Swan
Updated 36 mins ago - Politics & Policy

Mary Trump book: How she leaked Trump financials to NYT

Simon & Schuster

In her new memoir, President Trump's niece reveals how she leaked hordes of confidential Trump family financial documents to the New York Times in an effort to expose her uncle, whom she portrays as a dangerous sociopath.

Why it matters: Trump was furious when he found out recently that Mary Trump, a trained psychologist, would be publishing a tell-all memoir. And Trump's younger brother, Robert, tried and failed to block the publication of "Too Much and Never Enough: How My Family Created the World's Most Dangerous Man."

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Axios
Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 11,691,068 — Total deaths: 540,062 — Total recoveries — 6,349,542 — Map.
  2. U.S.: Total confirmed cases as of 3:30 p.m. ET: 2,963,244 — Total deaths: 130,813 — Total recoveries: 924,148 — Total tested: 36,225,015 — Map.
  3. 2020: Biden releases plan to strengthen coronavirus supply chain.
  4. Congress: Trump administration notifies Congress of intent to withdraw from WHO.
  5. Public health: Fauci says it's a "false narrative" to take comfort in lower coronavirus death rate.
  6. World: Brazil's President Bolsonaro tests positive— India reports third-highest case count in the world.
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Orion Rummler
1 hour ago - Health

Fauci: "False narrative" to take comfort in lower coronavirus death rate

Anthony Fauci testifies in Washington, D.C., on June 30. Photo: Al Drago/AFP via Getty Images

Anthony Fauci said at an event with Sen. Doug Jones (D-Ala.) on Tuesday "that it's a false narrative to take comfort in a lower rate of death" from the coronavirus in the U.S., warning: "There’s so many other things that are dangerous and bad about the virus. Don’t get into false complacency."

The big picture: The mean age of Americans currently being infected by the virus has declined by 15 years compared to where it stood several months ago. This has been one contributing factor in the lower death rate the U.S. has experienced during the recent surge in cases, since "the younger you are, the better you do, and the less likely you're gonna get seriously ill and die," Fauci said.

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