Susan Spence walks through the latest ISM manufacturing report, which came in above Street expectations. This marks the third month of expansion, and Susan walks through the categories to get a better overall understanding. Production is up but backlog is down, which could be a worrying sign. She’s less optimistic than in February, especially because of the labor picture, as tariff and war uncertainties remain. Another big price hike, “the biggest in years,” is also hitting sectors.