Here's your summary from US Factory Activity Shrinks as New Orders Fall (https://www.youtube.com/watch?v=li5uC0RKxHg) on the Bloomberg Television channel:

### TLDR:

US factory activity shrinks as new orders fall, leading to potential Fed rate cut.

1. ISM manufacturing number drops to 48.7 from 49.2, below forecasted 49.5.

2. New orders decrease significantly to 45.4 from 49.1.

3. Employment number rises to 51.1 from 48.6, potentially impacting Friday's payroll forecasts.

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