ISM manufacturing contraction. Productivity drops, labor costs rise. Auto sales dip. Oil under $44. This summer was cheap for drivers. What Brexit effect? Hanjin Shipping BK. Samsung charred. SpaceX explodes, and takes Facebook satellite with it. Financial Review by Sinclair Noe for 09-01-2016 DOW + 18 = 18,419 SPX – 0.09 = 2170 NAS + 13 = 5227 10 Y un = 1.57% OIL – 1.18 = 43.52 GOLD + 5.10 = 1314.60   The Institute for Supply Management said its manufacturing index in August fell to 49.4% from 52.6% last month, below expectations for a 52% reading. Any reading below 50% indicates contraction, and the index was below that level for the first time since February. Today’s ISM report is one of the most important data releases. The ISM index is a leading indicator, which tells us what is going to happen. In other words, it is leading both economic news and stock prices. New orders are down 7.8 points, production is down and employment is contracting faster. Overall, manufacturing is contracting again. Only six out of 18 industries were able to report growth. Eleven reported contraction. Cyclical industries like machinery and transportation equipment continue to underperform.   The poor ISM report comes on the heels of another weak report. Earlier, the government announced a steeper-than-initially expected decline in worker productivity, in what has been the longest dip in productivity since the 1970s. Nonfarm business productivity fell at a 0.6 percent seasonally adjusted annual rate in the second quarter, ...