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Weekly Wrap Up For March 27th 2020

It is unlikely that very many economists ever thought they would have to contemplate the impact of a rapidly spreading, globally menacing pathogen on the economic outlook. But that day is upon us. Of course at Manufacturing Talk Radio, our focus is on the US manufacturing sector. In this episode of ‘Cliff Notes on the Global Manufacturing Picture’, host Cliff Waldman will discuss the ...

SpaceX Launches 60 Starlink Satellites Despite Engine Failure

As part of their ongoing satellite launches, SpaceX completed yet another successful launch this Wednesday from the Kennedy Space Center in Florida. However, while the satellites were able to reach orbit, the launch itself wasn’t without its issues. The flight commenced at 8:16 a.m. EST, with the Falcon 9 rocket launching from pad 39A on a trajectory over the Atlantic Ocean. Originally, the ...

Boeing Seeks $60 Billion In Government Aid Due to Coronavirus Hits

Many airline companies and manufacturers have taken large hits caused by the coronavirus. Now, Boeing, which had already been struggling financially before the pandemic, is seeking extra assistance from the government. The company, which is one of the two largest plane manufacturers in the world, is seeking $60 billion in government aid. Part of this aid would include loan guarantees for the ...

All U.S. Automobile Production Shut Down

Only days after the United Autoworkers Union announced it had a plan to scale back operations at the Big 3 manufacturing facilities in Detroit, it appears that all production will cease in an effort to slow the spread of the COVID-19 virus. This past Tuesday, General Motors, Fiat Chrysler, and Ford Motor said they had reached an agreement with the United Auto Workers. The agreement involved ...

Weekly Wrap Up For March 20th, 2020

Remember when Elon Musk unveiled the Tesla truck and the windows shattered?  It didn’t have to be!  Hear Shawn Kitchell, President and CEO of Madico, a coating solutions manufacturer that makes coatings for windows discuss the many solutions they provide for business, industry and consumers in this fun discussion with hosts Lew Weiss and Tim Grady. Auto Industry Braces for ...

Oil Prices Continue to Drop, Set for Worst Month in a Decade

Markets all over the world continue to be impacted by the spread of coronavirus, and oil is no different. As of Thursday of last week, prices for oil fell around 8% as demand continues to decrease. U.S. West Texas Intermediate crude oil prices have fallen down nearly 25% this week, its worst one week drop since December of 2008. This drop has left West Texas Intermediate oil to settle at ...

Auto Industry Braces for Coronavirus Impact as U.S. Cases Grow

The coronavirus, which is now classified by the World Health Organization as a pandemic, continues to rise in cases. In the United States especially, cases have started to spread from the coasts into the mainland. Now, the virus is even at the doorstep of the American auto industry. Late Tuesday, Michigan state officials confirmed two cases of the disease. It’s unknown if these individuals ...

Weekly Wrap Up For March 13th, 2020

Dr. Chris Kuehl, senior economic correspondent for Manufacturing Talk Radio always brings in so much more insightful commentary as he discusses the latest Credit Manager’s Index report and other economic situations, including the coronavirus in this conversation with host Tim Grady. 2020 Market Report: Integration Challenges Drive Urgency for Change, Increased Automation Fed up with ...

Internal Actors Make Up 30% Of Manufacturing Cyberattacks

The ever-increasing involvement of technology and network capabilities in manufacturing has allowed for efficiency never before possible. However, these areas have also become a prime target for hackers. In fact, many of these hackers are coming from the inside rather than the outside. According to Verizon’s 2019 Data Breach Investigation Report, 75% of cyberattacks on manufacturers came ...