James and Will discuss weak U.S. ISM manufacturing. New orders fell to 44.6 points from 47.4 in July, experiencing contraction for the 3rd straight month. The prices paid index jumped to 54.0 points from 52.9 in July, expanding for the 8th month in a row. Inventories unexpectedly surged the most in the past decade.There’s weak employment data out of the U.S. with just 142k jobs created in August. Full-time work is rapidly decreasing (-438k), while part-time work is up (+527k). An All-Time High (464,000) Americans are now working 2 full-time jobs.German IP is now 9.5% below February 202, Nvidia has dropped 28% since its peak and New Zealand house prices fall for the sixth consecutive month. Key data releases this week are:Tuesday - U.K. employment, IP, monthly GDPWednesday - U.S. CPIThursday - U.S. PPI, ECB rate decision (25bp cut fully expected)Friday - U.S. consumer confidence, Chinese money supply

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