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Brutal new recession indicator: Manufacturing sector contracts for the first time in a decade

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Warning signs keep piling up that the American economy is slowing down, if not headed for an outright recession.

CNBC reports that IHS Markit’s U.S. manufacturing purchasing managers index this month contracted for the first time since September 2009.

“New orders received by manufacturers dropped the most in 10 years, while the data also showed export sales tanked to the lowest level since August 2009,” CNBC reports.

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A major reason for the drop in manufacturing orders has been President Donald Trump’s trade war with China, which has raised the prices of raw materials such as steel and aluminum that are used for manufacturing goods.

Additionally, IHS Markit economics associate director Tim Moore says that this manufacturing slump is impacting the service economy as well.

“The most concerning aspect of the latest data is a slowdown in new business growth to its weakest in a decade, driven by a sharp loss of momentum across the service sector,” Moore explains. “Survey respondents commented on a headwind from subdued corporate spending as softer growth expectations at home and internationally encouraged tighter budget setting.”

The U.S. Treasury bond yield curve also inverted once again on Thursday, which means that interest rates for 10-year treasury bonds were lower than interest rates for 2-year bonds. In the past, an inverted yield curve has been a key sign of a coming economic recession.

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‘It’s treachery if not treason’: Harvard’s Laurence Tribe destroys Trump’s claim he’s above the law

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Legendary constitutional law expert Laurence Tribe explained the legality of President Donald Trump's claim to be above the law during a Thursday evening appearance on MSNBC's "The Last Word" with Lawrence O'Donnell.

The host played a notorious clip of Trump.

"I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose any voters. Okay? It’s like incredible," Trump argued.

"And now he has gone beyond that," O'Donnell noted. "Now the president is sayin, 'I could stand in the middle of Fifth Avenue and shoot someone and I cannot be prosecuted for that crime. Or any crime.'"

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Marine Corps unit busted planning to hold a party at Trump’s Mar-a-Lago resort: report

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President Donald Trump is facing yet another corruption scandal after a Marine Corps unit was caught planning to hold a party at the commander-in-chief's Mar-a-Lago resort.

"At a time when taxpayer and foreign-government spending at Trump Organization properties is fueling political battles, a U.S. Marine Corps reserve unit stationed in South Florida hopes to hold an annual ball at a venue that could profit the commander-in-chief," the Miami Herald reported Thursday.

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Internet blown away by Giuliani’s ‘pants-sh*tting panic’ freak out on CNN’s Cuomo

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Former New York City Mayor Rudy Giuliani received harsh reviews of his Thursday evening appearance on CNN with anchor Chris Cuomo.

Many people worried about Giuliani's mental health after watching the interview.

Here is some of what people were saying about Trump's defense attorney.

https://twitter.com/RadioFreeTom/status/1174860581897199617

https://twitter.com/ananavarro/status/1174859510600613888?s=21

https://twitter.com/elise_jordan/status/1174857898800898048?s=21

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