The last time we had him here before he passed away, he said

I don't think it does anything to fact that we look for one more rate cut in October. There are too many other pieces of information that we still need to see, ... The price situation in some ways is a good thing, but the fact there are such widespread price declines is not good in the long run ? that's deflation, and can weigh in favor of even more easing.

If you're making fewer things, then you need fewer people to transport them, and fewer people to finance them, and fewer people to distribute them down the line. So it's important, and it's key to the current state of the economy.

The Fed should be very comfortable with this. They likely will shift the bias in their upcoming meeting to neutral.

It is outstanding to see such growth with not even any inflation,

They're going very fast. I've already had 10 calls this morning. I've got people coming in right now for box springs and mattresses. They're bringing me another truckload of box springs and mattresses right now.

A lot of people are surprised. I am too. I hesitate to read too much into one month's number, but certainly it does indicate that the worst may have passed for factory activity.

This week's collection of data will give the markets plenty to trade on,

This would be an indication that activity is increasing at more than half the manufacturing firms in the survey, and another sign of growth.

We're dedicated to supporting mainstream jazz, and we don't veer too far off from that. But we do spend a lot of time thinking about how to make the festival grow and how to have a lot of variety. We have the avant-garde, the old jazz legends, the older musicians and younger musicians and we're known for our high-energy jam session.