July ISM Manufacturing: 49.8 vs. 50.4 Consensus

10:00 AM ET Wed, 1 Aug 2012

CNBC's Rick Santelli reports the latest numbers on manufacturing, and CNCB's Bob Pisani takes a look at some trading glitches in mid-morning action. Also, CNBC's Steve Liesman weighs in on whether the Fed will take possible action after the latest slew of weak economic data.