Weekly Wrap Up For August 7th, 2020

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Institute for Supply Management®’s Report On Business® Series for July 2020. Hosts Lew Weiss and Tim Grady welcome Chair, Tim Fiore for a closer look at the factors that went into the Manufacturing Report On Business and this month’s PMI. Don’t miss this in-depth, exclusive interview available only on Manufacturing Talk Radio.


Crew DragonThe Trophy of American Manufacturing: The Dragon Returns

The warm waters of the Gulf of Mexico provided a soft landing spot for the return of the Crew Dragon capsule. Suspended below four massive parachutes, the capsule looked a bit scorched after reaching a surface temperature of over 3,500 degrees. Surrounded by rescue watercraft, the capsule gently splashed down at 2:48 PM ET yesterday, marketing the completion of a historic mission and the beginning of a new era in the American space program. (Read More)


oil prices dropMajor Oil Producers Report Negative Second Quarter Results

The oil industry is one of the many different industries which has been hit hard by the COVID-19 pandemic. A reduction in travel demand, along with production disputes between OPEC and Russia earlier in the year meant there was a massive supply of oil with effectively no demand. (Read More)

 


fordFord Beats Earning Expectations Despite Factory Closings

Automakers such as Ford have been struggling ever since the COVID-19 pandemic began. While at first there were disruptions to supply chains, the company also saw the closing of many of its factories due to the pandemic. Despite these setbacks and potential future ones, the company beat both Wall Street and their own expectations with its second-quarter earnings report. (Read More)


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