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Apple and Google supplier Foxconn has signed an MOU with developer Kinh Bac City to expand their facility in Northern Vietnam. The Taiwanese manufacturer’s new factory will span 50.5 hectares in Bac Giang province, expecting to create 30,000 local jobs.
This shift comes in part due to tight and persistent pandemic restrictions in China resulting in companies seeking more stable supply chains.
Foxconn will be starting test production of the Apple Watch in Vietnam, and has already allocated some iPad and AirPod production to Bac Giang’s Quang Chau Industrial Park. iPad assembler BYD also worked with Apple in June to build production lines in the country to prepare to commence small batch production.
Google, who primarily manufactures their Pixel 6 smartphone in China, also announced they would be moving some production to Vietnam in 2023 “to avoid the risks from the ongoing U.S.-China trade tensions and China’s Covid-19 lockdowns.” Foxconn and Compal Electronics’ Vietnamese factories are also equipped to begin smartphone production at the company’s notice.
In 2019, Google had already been working on transforming an old Nokia factory in Northern Vietnam to facilitate Pixel production and the following year, test phones were produced in Vinh Phuc Province.
Chinese companies have also been making moves to secure production outside of the country, Xiaomi having announced in May this year that they would be releasing their first Vietnam-made smartphones.


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07 May, 2022
The world's first Triple passive income & Hyper Deflationary token coming to Centralized Exchanges (CEXes)
The next Break Through in Defi space by Libero Financial - an innovation enabling the 158,893.59% Fixed APY token to be Hyper Deflationary
An innovation that changes the game for the entire industry: wrapping Libero into Libera, which enables listing on CEXes and staking in pools, while Libero tokens still grow 2.04% a day or 158,900.00% a year inside Libera.
Making the history of Defi, Libero Financial Freedom will launch The World’s first positive rebase token coming to Centralized Exchanges (CEXes).
Unlike other rebase tokens which are inflationary and have unlimited supply, LIBERA has a limited supply of 50 millions tokens, of which 18% will be burned at launch, and more will be burned every week based on Libero's 1-4% weekly burning speed. Even more, for every sell 25% of the tokens are burned - the highest burning percentage in the whole market - make LIBERA a hyper deflationary token never seen before.

domain: news


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Charlottesville, VA (PRWEB) October 06, 2016 -- Moonlighting, one of the fastest growing marketplaces in the gig economy announced today the closing of $2.3M in funding. The strategic investment was led by global news media leaders Gannett, McClatchy, and tronc, Inc. – bringing the company’s total financing to $4.2 million to date. The new financing will help support Moonlighting’s market development and deeper penetration in more than 140 cities nationwide.
“At Gannett, we have a rich tradition of promoting small business solutions that can make a positive impact on people’s lives,” added Gannett’s Chief Strategy Officer, Maribel Perez Wadsworth. “We are excited to partner with Moonlighting and share their mission to help the gig economy thrive.”
In only twenty months since its inception, Moonlighting has created the first digital job exchange where anyone can easily participate in the gig economy. Moonlighting has transformed the way people create jobs, hire and pay for services and is now used by more than 175,000 “moonlighters” across the country. Their mobile platform allows anyone at anytime to connect with their local communities, create their own personalized career plan and conduct payment transactions.
“By investing in Moonlighting, these three industry leaders are showing how committed they are in delivering innovative digital solutions that can help their readers build their own freelance careers,” said Moonlighting CEO and co-founder Jeff Tennery. “For decades, Gannett, McClatchy, and tronc have been at the forefront of creating commerce in their local communities. Now with Moonlighting, they can help millions of people succeed in the new gig economy.”
Gannett (NYSE: GCI) and tronc, Inc. (NASDAQ: TRNC) will join McClatchy (NYSE: MNI), who also invested in 2015, to promote Moonlighting to over 200 million people worldwide.
“McClatchy believes in delivering quality content to people when, where and how they want it -- finding the right person to do a job shouldn’t be any different,” said McClatchy Vice President of Products, Marketing and Innovation, Christian Hendricks. “We are thrilled to welcome Gannett and tronc to the Moonlighting family.”
Each company has agreed to incorporate Moonlighting into its digital and mobile media platform and they will promote through 140 local media outlets including leading news publications like The Chicago Tribune, Los Angeles Times, Miami Herald, Arizona Republic, Detroit Free Press, the Charlotte Observer and USA TODAY.
“Classifieds remain a key solution we offer to our readers, and our collaboration with Moonlighting represents a radical shift in the job-search experience,” said tronc Chief Technology Officer and President of New Ventures Malcolm CasSelle. “In a gig-based ecosystem, we are taking that solution and putting it directly in the hands of our users on the device that increasingly matters the most: mobile. At its core, this relationship combines content and commerce in an innovative, effective way.”
Moonlighting is the first mobile, on-demand solution that empowers everyone to earn extra money and get tasks done instantly. Moonlighting creates a virtual marketplace for individuals and small businesses to hire or be hired right from their mobile device. Through the Moonlighting platform, users eliminate anonymity by posting jobs and sharing their favorite hires within their trusted social networks like Facebook, Instagram, and LinkedIn. Moonlighting’s ground breaking feature “Moonbeam” is a real time hiring grid that allows users to make more intelligent hiring decisions when looking for professionals in their local area. Using Moonlighting’s proprietary mobile payment platform, users can easily complete hiring transactions worry free. Moonlighting is a privately held; Charlottesville, VA based company built from the ground up for the gig economy. Please visit http://www.moonlighting.com for more information.
Mack McKelvey, SalientMG, +1 (443) 878-5763, [email protected]


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Demand for cocoa is soaring around the world – growing 2 to 3 percent each year. Perhaps nowhere is that growth stronger than in Asia, particularly in China and India. Given the demand, the ability to grow cocoa locally in the South East Asia region is especially important.
One of the keys to improved yield and quality over the short-term in South East Asia is … Read more
The annual CAOBISCO conference held in Brussels earlier this year was another opportunity for the industry and others to come together and share ideas and best practices for sustainability going forward. I have the opportunity to share the Mars commitment to cocoa farmers, farming communities, and to industry collaboration, along with Kraft Foods, FairTrade, the International Labor Organization, the European Trade Commissioner, and many others.… Read more
Over the last 11 years, a viable cocoa industry has begun to take shape in Vietnam and Mars was involved with this development since the beginning. Last year, the nation exported about 3,000 tons of fermented cocoa. We’ve been working closely with the Vietnam Cocoa Development projects and cocoa farmers in Vietnam during these years to test and define the best cocoa fermentation and drying … Read more
Cocoa producing regions throughout Côte d’Ivoire are battling declining yields and increased tree mortality, but affordable fertilizer production and distribution is one of the most effective tools to help reverse this trend. And we’re excited to announce that the first shipment of a new fertilizer blend recently arrived in the famous cocoa belt of Soubre, a region where local farmers have been struggling to revitalize … Read more
I last posted about a series of meetings in January involving representatives from the Governments of Ghana, Cote d’Ivoire, officials of the US Department of Labor, the congressional offices of Tom Harkin and Eliot Engel and the global cocoa industry – the group which makes up the Child Labor Cocoa Coordinating Group (CLCCG). These meetings sought to address the continuing concerns around the persistence of … Read more
Grant Reid talked with last week with NJBiz reporter Melinda Caliendo about Mars’s vision to purchase all our cocoa from sustainable sources by 2020. Mars Global Chocolate is headquartered in NJ, and it’s great news for the cocoa industry that the New Jersey business community is taking notice of our sustainability efforts.
Melinda’s piece, which you can access here, goes into some detail about … Read more
A few years ago, Mars was faced with the idea that we needed another Côte d’Ivoire to produce enough cocoa to meet the world’s growing chocolate demand by 2020. Given that cocoa was becoming a less attractive crop for farmers, and that Côte d’Ivoire was in a cycle of decline, we knew we needed a strategy for cocoa sustainability. As a company that’s always had … Read more
As part of a series highlighting popular post-MBA jobs, I had the privilege to share some of the great work Mars Chocolate is doing with a piece focusing on a day in my life as Cocoa Sustainability Manager. The article in Bloomberg Businessweek is a great way for people to get a closer look at what goes into producing and nurturing sustainable cocoa practices. Being … Read more
In the 1980s, Bahia, Brazil was one of the largest cocoa producers in the world, producing over 300,000 tons per year. However, in 1989, a fungal disease, called “Witches’ Broom”, ravaged the area and in 3 years total yearly production would be down by over 30%.
This fungus devastated Bahia—leaving 200,000 people unemployed, there was social unrest and a destroyed economy. For the next 20 … Read more
This week Mars Chocolate is finding yet another reason to celebrate during its 75th anniversary. Mars has officially introduced its MALTESERS® made with Fairtrade certified cocoa to the UK market, as part of its ongoing pledge to achieve 100% cocoa sustainability by 2020. MALTESERS® are the first Mars products with Fairtrade certification to hit the shelves.
Mars is proud of the partnership it has developed … Read more


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Walmart Revises Fresh Produce Plan
After recent complaints of poor quality produce, Wal-Mart Corporation has announced plans to overhaul their fresh food initiative in the hopes of improving not only the caliber of their goods, but also their standing in the public opinion.
According to a report on npr.com, the company plans to purchase about 80 percent of their produce directly from growers, eliminating the role of wholesale sellers in the transaction. They also plan to initiate a training program to better equip employees to handle, stock, and identify fresh fruits and vegetables.
Hand in hand with this announcement comes Walmart’s pledge to bolster its stock of local ingredients. The popular farm-to-table trend that is prevalent in the restaurant sphere has reached American homes, where a new emphasis on local and organic ingredients is changing the way the people are purchasing their fruits and vegetables.
With both the health and economic benefits of locally sourced food moving up in our social consciousness, it’s logical that America’s super-super-store wants to be able to offer consumers what they want. Yet the question remains as to whether Walmart’s local sourcing truly benefits small farms, or whether the company, which requires volumes of product far above the typical yield of a small farm, is purchasing locally from massive, high-earning super farms instead.


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Phone displays now have become an important aspect of judging a smartphone when it comes to buy one. The better and clearer is the display topping with a high resolution, the more we become interested and consider judging its other aspects.
Compared to what we had earlier a couple of years ago the most advanced LED screens look more amazing costing a considerable amount. But now a new method has been discovered of making LEDs not only brighter and more efficient but also five times more clear. And also it is supposed to be a cost effective method and makes the screen look clearer for a longer period of time. All this was found out by a Princeton engineer.
Professor Stephen Chou, a renowned figure for a breakthrough in nanotechnology in 2012 by which he increased solar cell efficiency by 175 per cent. And the same principle he has applied to LED technology. Since the invention of LED technology scientists have been struggling to solve the challenges in LEDs and other such displays. Though the technology is extremely energy efficient, only 2-4 per cent of the light generated by an LED is actually emitted. The rest of them is trapped in the LED casing.
But however, the nanotechnology theory by Chou changes all the phenomenon. The theory uses a nanostructure called plasmonic cavity with sub-wavelength hole-array (PlaCSH) to direct and focus light towards the viewer. It is only a wiremesh created out of wire which is only 15 nm thick. The light emitting surface which is below that shines even brighter and since less light is trapped less heat is generated which makes the LED last even longer.
Thus with his invention more cost effective ways of manufacturing organic and inorganic LEDs has been discovered. Thus a few years of wait would see such implementation on smartphones.


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We have already gotten a lot of information about what to expect from the PS4 and Xbox One, though one big detail about both consoles is how much they will cost. According to Wedbush analyst, Michael Pachter, both consoles will arrive under $400.
Analyst says both the PS4 and Xbox One will arrive under $400
In a note to investors, the analyst says that the PS4 will launch at $349 and the Xbox One will arrive at $399. The analyst has taken the cost of components for each console to come up with his estimates, and puts the cost to make the PS4 at $275 and the Xbox One at $325.
Pachter also believes that both Sony and Microsoft could subsidize the cost of these new consoles by bundling subscription-like services with the hardware. For Microsoft Pachter believes that price of the Xbox One could come down with pre-paid Xbox Live subscriptions. While they’ve historically not charged for the PlayStation Network, the analyst believes that Sony has the same type of opportunity to charge its fans for its online service.
We’ll have to wait and see if Pachter’s predictions hold up. If Sony and Microsoft are going to announce prices and features such as these, we’ll hear them on June 10th at the Microsoft and Sony press conferences ahead of E3 2013.


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Courts Saint Lucia always seems to have something fresh up its sleeve. Ranging from exciting promotions, new looks, stores and ideas, the furniture super store has found innovative ways to cater to all its customers over the years. The introduction of its new branch at the end of last year, as well as Courts Optical and a new ServiTech appendix, has brought in people from all over the island to its mega store in Marisuile.
And now, it has officially launched its latest project. The first ever RadioShack store in the Eastern Caribbean has found a home in Saint Lucia, all thanks to Courts.
On Friday 15 September 2017, executives of Courts’ parent company, Unicomer, and managers of the local Courts branch gathered to present their newest development. “The shack is back,” many of them gleefully noted in their presentation speeches.
RadioShack, since 1921, has provided an assortment of electronic and wireless products worldwide. Therefore this new store, under the management of Courts St Lucia, looks forward to delivering the latest technology to Saint Lucians without the risks of online shopping.
Anita Philips, Courts OECS Commercial manager, rightfully welcomed the public to enjoy by saying, “RadioShack is a brand which represents quality, style, excitement, fun, affordability and more. It marries technology with the latest trends to deliver top class functionality in every product.”
Bradley Felix, minister with responsibility for commerce, on behalf of the government noted, “We applaud and embrace RadioShack as the latest addition to the economy and to the Unicomer group.” He believes that the new store will contribute to the economic development goals of Saint Lucia.


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Suspect Charged with Burglary & Theft for Alleged Theft of Minibikes in Mendham Borough, New Jersey
A Randolph, New Jersey man was arrested after allegedly stealing almost $5,000 worth of minibikes and skis and selling them to a pawnshop in Morristown, NJ. The suspect is Lennon J. Freed, a 32-year-old man from Randolph in Morris County, New Jersey. According to law enforcement officials, Freed burglarized two stores in Mendham Borough, NJ in early September 2017 and stole several expensive items, including minibikes and skis. He then allegedly took the stolen goods to Perfect Pawn, a pawnshop located on Speedwell Avenue in Morristown, NJ, and sold them for less than $200. Detectives with both the Mendham Borough Police Department and the Morristown Police Department investigated the break-ins in Mendham Borough and eventually tracked the stolen merchandise to the pawnshop in Morristown. Investigators reportedly found shop receipts that showed that Freed sold seven items one day and nine items the following day. Authorities believe that most of what Freed sold to the Morristown pawnshop was stolen during the burglaries in Mendham, New Jersey.
Although law enforcement quickly identified Freed as the main suspect in the Mendham Borough burglary and theft case, placed him under arrest was another story entirely. Prosecutors in Morris County charged Freed with multiple crimes in September 2017, but he was not taken into police custody until recently. Even though Freed had a warrant out for his arrest, he was not arrested until this past week when he turned himself in to Morristown police.
Severe Penalties for Felony Theft Crime Charges in Morris County, New Jersey
Now that Freed has been arrested, he will face several criminal charges. Court records indicate that Freed has been charged with theft of movable property, as well as two counts of burglary. Since the retail value of the items Freed allegedly stole is greater than $500, he will probably face third degree theft crime charges. If Freed had been accused of stealing merchandise valued at less than $200, he would likely have been charged with a disorderly persons offense. (This typically happens in NJ shoplifting cases.) Instead, Freed has been charged with a third degree crime that is punishable by up to five years behind bars in NJ State Prison. Beyond that, Freed could be ordered to pay restitution to the victims of the thefts.
Contact an Experienced Morris County Criminal Defense Lawyer About Your Theft Charges
Were you arrested and charged with a theft or fraud crime in Morristown, Parsippany, Mount Olive, Roxbury, Denville, or somewhere else in Morris County? Then you need to talk to New Jersey criminal attorney Travis J. Tormey immediately. Attorney Tormey can help you fight the charges and stay out of jail. Contact him anytime.


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tv Countdown to the Closing Bell With Liz Claman FOX Business July 2, 2018 3:00pm-4:00pm EDT
on twitter, and we're going to put those on facebook, and we're going to put those on instagram so you can listen to them all week long for the fourth of july celebration. [laughter] >> hooray. trish: ashley webster is in for liz claman -- ashley: how can i follow that? you hit that high note beautifully, trish regan. trish: like i said, triple axel. [laughter] welcomeashley: very impressive,. thank you very much. big business pushing back on the pro-business president as the markets cut into early losses. president trump holding a headline-filled oval office meeting with the prime minister of the netherlands just in the last hour. the president talking also to the new president of mexico, revealing details of his supreme court nominee search and also raising questions about the world trade organization. all of this as the u.s. chamber of commerce puts on the full court press against the president's trade tariffs, highlighting so-called faces of trade, the nation's biggest
business group claiming the president is risking a global trade war that could come back to hurt american businesses of all types. now this comes one day after canada imposed new tariffs on nearly $13 billion of american goods, as china's expected to tack on new tariffs this coming friday. and the chamber of commerce not alone. general motors' ceo mary barra firing off a letter to the commerce department saying the american automaker may have to scale back its business if tariff threats on european automakers become reality. we have got it all covered. we have blake burman, ambassador rufus -- [inaudible] the president of the national foreign trade council and the ceo and president of the american apparel and footwear association. we'll be talking trade. we are less than an hour now to the closing bell. i'm ashley webster in for liz claman. let's begin the "countdown." ♪ ♪
ashley: breaking news for you. after taking over time warner, at&t has announced it will be raising the price of its directv now streaming service by $5. the service's cheapest package will increase by 14% to $40 per month. that begins july 26th for new customers, the change for existing customers will be rolled out based on their billing date. shares of at&t not really reacting, essentially flat on the day at 32.11. it is the first day of the new trading month and the third quarter. what happened to this year? it's flying by. right now the markets are off session lows to begin the holiday week. trade concerns pushing the dow down as much as 193 points as session lows with the nasdaq solidly, though, in the green today. one tech company making headlines, dell is set to become a public company once again. the iconic computer company announcing it will acquire its
tracking stock for 27 -- 21, that is, $21.7 billion. dell went private five years ago after initially going public back in 1988. michael dell wants vmware to remain an independent, public company. casino stocks taking a tumble after macaw gaming revenue fell short while revenue did increase by 12.5% year-over-year, analysts had expected a rise of 17-21%, so that was a miss. shares of wynn, mgm and las vegas sands all down, wynn resorts down 8.5%, and mgm also down more than 3%. well, he may not be back from his italian vacation just yet, but charlie gasparino has sent us the latest in the bidding wars sister fox business' parent -- for fox business' parent company. according to gasparino, disney bankers are growing increasingly confident that comcast not issue a bid for all of 2 21st century
fox due to concern over shareholder leverage and price the d. of justice has already ruled in favor of disney's bid. we will bring you any updates on this story as they happen. now to the white house. the pro-business president being challenged directly by america's largest business group. the u.s. chamber of commerce launching an anti-trump trade offensive today complete with a web site called the wrong approach.com. be it shows state by state the impact of tariffs from china, the e.u., mexico and canada. the chamber says $75 billion worth of u.s. exports are at risk with the state of washington taking the biggest hit, a $6.2 billion hit. louisiana not far behind at $5.9 billion. california coming in at $5.6 billion. the campaign also comes complete with personalized stories, and it calls faces of trade like bassets ice cream in
philadelphia, 20% of its total sales come internationally. and tariffs significantly impact its ability to sell overseas. and the crazy mountain brewing company in denver. it exports to ten countries and was hurt when tpp fell through. now according to the chamber of commerce, these are just a few examples of tariffs beginning to hit businesses, workers, farmers and consumers. the president, though, he's staying on course. fox business' blake burman joins us now from the white house. and, blake, the president certainly doesn't appear to be backing down anytime soon. >> reporter: no, he is not, ashley, but the white house is pushing back on a story that kind of popped the headlines last night and into this morning. there was a draft document that was published by the web site axios which, according to this draft document, would have upended the u.s. involvement as it relates to the world trade organization, would have given the president greater powers to deal with tariffs. however, i am told that there is no activity whatsoever with this
document, it is something that is months old. the white house tried to put the kibosh on this earlier today by saying that they have not dealt with this for quite some time now. just a little while ago the president was asked about the world trade organization, a governing body that he is very, very skeptical of, but he tried to distance himself from this report. listen here. >> wto has treated the united states very badly, and i hope they change their ways. they have been treating us very badly for many, many years, and that's why we were at a big disadvantage with the wto. and we're not planning anything now, but if they don't treat us properly, we will be doing something. >> reporter: president trump made those comments inside the oval office. he is meeting inside the white house right now with the prime minister of the netherlands. this is sort of a good test drive for next week when the president heads in to part of the european union for his overseas trip, and the president sort of laughed it off just a little bit, a while ago, ashley, but also did continue to
threaten the e.u. with auto tariffs. watch. >> if we do work it out, that'll be positive. and if we don't, it'll be positive also -- [laughter] >> no. >> because we'll just think about those cars that pour -- >> no. we have to work something out. >> it'll be positive. >> reporter: the president has threatened 20% on auto tariffs as he told maria bartiromo in his interview last week, and it is something that will have to be watched, ashley, as next week he heads overseas. ashley: he remains definal, that's for sure. blake burman, thank you very much. let's take a quick look at the markets. the dow, s&p and nasdaq, as you can see the dow and s&p down but certainly coming off session lows for the dow, down nearly 200 points earlier, now down 77, but the nasdaq up a quarter of a percent at 75.28. now even though this is a holiday week, there is still a lot of economic data points investors need to be watching. first, as a reminder, the stock
market will be closing at 1 p.m. tomorrow ahead of the fourth of july when the markets are closed. then on thursday jobless claims, ism non-manufacturing and the fomc minutes will be released. a busy economic day. and then on friday keep an eye out for that big june jobs report. it's a busy week. so what will our traders be watching this week? the world cup? who knows. let's get right to the floor show. traders at the new york stock exchange and, as always, at the cme. all right, scott redler at the nyse, scott, it's almost like groundhog day with this trade tension continuing to happening over this market -- hangover this market. i know this is a holiday week, the trading will be light, but until we get this trade situation resolved -- and it doesn't seem like it's going to happen anytime soon -- it feels like this is the way the market's going to be, pretty volatile. >> yeah. you know what, sometimes volatility is good and sometimes you get some downside volatility which could actually happen, and that's why traders are on their
toes. last week we started to see a bit of technical damage starting to add up especially around the world. you have china, the shanghai 20% off the highs, you have the dax, which is the leading index in europe below the 200-day, so we're trying to figure out can we hold the 50% of the 2018 range. many traders coming in this week are like can we continue to hold 2700, and will flows continue to go to tech. and today we came into futures down 15 happenings, and then tech went green and the downside was muted. so we do have some new flows for the first day or two of the third quarter. we'll see if that'll help support this area. i think the telltale's going to be next week whether or not we can hold that line or start seeing more downside. ashley: good point. todd colvin at the cme, we had a market watcher earlier today that said, you know what? we peaked. the markets here and world markets peaked in late january, and his contention was we're six month into a bear market. would you disagree with that? >> well, i certainly would
disagree. if you go back to that late january high, we made the 2018 lows a couple, a week later. it's tough to say where we peaked already especially given the fact that all the focus is where we are right this moment, and usually we're talking about where we're going to be at year end. we're keeping the focus very close to the vest. i certainly can't say right here and now that the highs are in especially with all the data and fed activity that's going to come in the second half of the year. ashley: that's a good point. phil flynn, we have to talk oil. this kind of strange deal over the weekend where we had the president say, look, i've spoken to the saudi, the king of saudi arabia, he says, yeah, we can hike our oil production up maybe by as much as two million -- two million barrels a day to pick up the shortfall from iran, and then he backtracked. i'm having a hard time trying to keep up with it all. what does the oil market make of
that? >> you know, i think they're taking it somewhat seriously that they're going to get more oil. ashley: yeah. >> we've not necessarily seen it so much here in the u.s., but if you look at the price of brent crude today, it was down over $2 a barrel. and some to have spreads that we've been seeing have been going wild today. so apparently, it's true. you can tweet yourself to oil independence. [laughter] or you could tweet yourself or to get opec to move to produce more oil. but believe it or not, i think this is the worst thing that donald trump could do right now. you don't want opec raising production just for the sake of raising production because if you do, you're going to take away all the world's fair production capacity, and you're not going to have enough if something comes up like a hurricane or some other disruption. and there's a lot of scary places on the globe right now where things could blow up very easily. so i hope that the saudis hang on to that oil, because we're going to need it for a rainy be day. ashley: very good point. we're already out of time. scott, todd and phil, thank you,
gentlemen, for joining us today. really appreciate it. let's get back to that big board, if we can. as we say, the dow trying to make a comeback here. we're just down 50 points now, 24,221. coming up next, president trump's threat to take on european auto imports has u.s. automakers calling for him, well, to hit the brakes. the former deputy u.s. trade rep is here exclusively to tell us if team trump is headed for a high-speed collision on world trade. "countdown" is coming right back. ♪ ♪ ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave.
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♪ finish♪ >> the european union is possibly as bad as china, just smaller, okay? it's terrible, what they do to us. european union, take a look at the car situation. they send a mercedes in, we can't send our cars in. look what they do to our farmers. they don't want our farm products. now, in all fairness, they have their farmers, so they want to protect their farmers, but we don't protect ours, and they protect theirs. the european union last year if you look at a trade surplus $151 billion. ashley: well, president trump says his big westerns in his trade strategy -- biggest weapon is to impose global auto
tariffs, but general motors warning another wave of those tariffs could force the country's largest automaker to scale back its business. in a letter to the commerce department, the company says increased import tariffs would lead to less investment, fewer jobs and lower wages. i want to bring in a former wto deputy director general, ambassador rufus i didn't -- ye. thank you for joining us. >> my pleasure. ashley: would you agree with the assessment that gm is giving out? >> oh, yes, absolutely. i think that you have to look at the resurgence of the u.s. auto industry. by the way, a lot of german companies building autos in the u.s. now and actually exporting them to europe and around the world, the u.s. auto industry produced about 17 million units last year, something equivalent to what it was before the economic downturn. we exported 2 million
automobiles. the industry has become globally competitive, its biggest problem right now is actually finding enough workers to fill the jobs that are there and to be talking about a trade war with some of our best markets and trading partners at a time of such significant gains for autos is really a mistake. ashley: having said that, the president points out that the tariffs charged by the europeans, the e.u., is closer to 10% while it's 2.5% coming the other way into the united states. he says that is clearly unbalanced and needs to change. would you agree with that? >> well, i would like to see us get the european tariffs down, but actually, you know, the u.s. has a 25% -- ashley: on light trucks, yes. >> -- which is the biggest category, the biggest market in the u.s. now is for suvs and height trucks. so, you know, this is -- the picture is more complicated than
it's being portrayed. yes, there are barriers elsewhere, but the u.s. has some trade barriers too. and the most important thing is the way to resolve that is by working with our allies and trading partners. they've been willing to negotiate on this in the past. we were making progress in the ttip negotiations towards getting both and european tariffs down to zero. so i think we ought to be focusing our attention on building better trade relations rather than blowing up the trading system, raising tariffs, building tariff walls a because in the end that's actually going to turn the world against us, and trade is terribly important to the u.s. we export $3.2 trillion worth of goods and services, one of every five american jobs depends on exports. one out of every three acres of agriculture is planted for exports. europe is a big market, but so are canada, mexico, japan, and these are the countries we've been taking these trade actions against. ashley: right. >> we should be focusing on
china instead of penalizing our best trading partners with these kinds of tit for tat trade actions. ashley: so would you agree that china's been getting away with it, so to speak now, a became a member of the wto, i think, back in 2001 ask at the timed had promised, you know, we will open our markets and in many cases that hasn't been the case. and the whole issue of stealing intellectual property separate to that. are we not doing enough to enforce more regulation on china? >> no, i think it's absolutely true that china has a lot of practices that the companies i represent are very concerned about. there's a lot of, you know, forced technology transfer, discriminatory licensing of u.s. companies and intellectual property and other things, and we ought to be going after that. but, look, we're not going to be successful in pushing china towards better behavior simply by getting into trade wars and particularly not by alienating all of our best trading partners
where our export markets have been increasing dramatically. we ought to be working with them in the wto. we certainly shouldn't be pulling out of the wto system. we should be leading the wto system to put pressure on china. because if we don't, what's going to happen is the u.s. is going to become more isolated, all of our trading partners are busy making free trade deals with each other and raising tariffs on the united states. we now just as a result of the recent administration actions on steel and aluminum, we're now facing increases on, tariff increases on $45 billion of u.s. exports. that could jump to $70 billion if we go forward with the china trade tariffs. so, you know, to me, this is no way to run a railroad. if you want to get better behavior by china, you've got to be a leader in promoting rules and promoting more open trade, not throwing out the rulebook and walking away from our international obligations. ashley: could you ever envision,
ambassador, a world where there are no tariffs at all? it really is pure free trade? >> well, actually, you know, that's what the nafta was. it's a pure free trade agreement with no tariffs between the three countries, and i've heard that described by the president as a terrible deal. that's what tpp was. yes, we could push in the wto and in other agreements towards zero for zero tariffs across the board, but there's ways to get there that are -- require some comity between nations and showing each other that we're going to respect our agreements with each other and build upon them rather than throw them out and start raising barriers against them. ashley: are you confident we can get this resolved, that the countries will come together, you know, certainly the e.u. and the u.s., mexico, canada, china? i mean, can this all be resolved? >> i think it's a long, hard haul, you know? we've made a lot of progress over 70 years building this global trading system.
in the end, the u.s. has a greater stake in it than anyone. you can't just look at trade deficits and say it's been a mistake. look at our economy. we are the innovative leader of the global economy, we are the second largest exporter in the world and the second largest manufacturer. we have industries that are growing and getting stronger, and they need world markets because as technology replaces workers, the only way you can keep good jobs in the u.s. is to sell to the 95% of the world's consumers that live outside the u.s.. ashley: right. >> we cannot maintain a high income, good-job economy selling to each other when the rest of the world is engaging in global trade. ashley: very good. we'll have to leave it there. ambassador rufus yerxa, thank you very much. appreciate your time with us. >> my pleasure. ashley: you can see we're watching the prime minister of the netherlands departing the white house. he a arrived earlier today to
meet with president trump who gives him the thumbs up. it was a bilateral meeting speaking about issues, talking about issues important to both countries. maybe we'll hear what some of those issues were when we hear from sarah sanders a little later on this afternoon at the press briefing. but there you go, the prime minister of holland heading out from the white house. walmart and nike, the biggest drags on the dow 30 today. nike falling after a high profile defection and, no, it's not lebron james. roger federer jumping the nike be ship after signing a $300 million deal to wear uniglow gear. wimbledon's top seed and winner of 20 grand slam titles inking the deal to become the outdoor brand's spokesman. he won his first round match at wimbledon but still wore nike shoes on the grass court. nike, as you can see, down nearly 2% at $78.14. coming up next, facebook still struggling with how it handles your data.
hillary vaughn is live in l.a. with an update on mark zuckerberg's social network and its latest data dump. "countdown" coming right back. ♪ ♪ holders 10 miles on every dollar they spend at thousands of hotels. all you have to do is pay with this... at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr. i have the chills. because you're so excited? because ice is cold. and because of all those miles. obviously. what's in your wallet? i'm not sure. what's in your wallet? metastatic breast cancer is relentless, but i'm relentless too.
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♪ ♪ ashley: facebook notifying over 800,000 users of a bug in both facebook and messenger that basically led to people that users have previously blocked becoming unblocked between may 29th and june 5th. the company also claiming the bug has been fixed and all blocked contacts have been, well, blocked again, reblocked. this comes on top of new revelations of even more third party data sharing by facebook. seems like it goes on and on. hillary vaughn has more on this seemingly endless saga. >> reporter: that's right, ashley. facebook gave over 700 pages of answers to congress in a document dump before the weekend, but those answers are sparking more questions. facebook revealing they gave
some companies extra time to comply with data standards that they enforced in 2014 as part of a privacy revamp. they granted a six month extension to 61 companies including nike, oracle, panasonic, snap, spotify, the dating app pinge, even ups. facebook also says they gave access to 52 hardware and software makers including amazon, apple and microsoft. 38 of those companies on that 52 list have already been phased out. they're working on the rest. but facebook says three companies will continue of the data access. these special partnerships with amazon, apple and toby are critical to making sure users that use the app as part of a social hub or an older smartphone are still able to use the app, and users aren't hit with a facebook blackout. facebook's vp of product partnership saying, quote: the purpose of these partnerships was to build facebook and facebook features into the
partners' devices and other products. people were only able to access these experiences and the information needed to support them when logged in or connected to their facebook account. facebook says these three special partnerships with apple, amazon and toby don't have independent access to your data or your information. it's only accessible when you log in and are currently using the app. there's no selling, scooping or saving of your information. ashley. ashley: uh-huh. all right. hillary vaughn in l.a., thank you very much. one of the latest on facebook and what it does with your data. take a look at the markets again for you, we are really making a fight-back here. the markets closing in about 28 and a half minutes, the dow down just 18 points now, very close to positive. could it get into the positive territory? almost. 24,252, the s&p has turn positive and the nasdaq up nearly half a percent. all right, warren buffett finding himself smacking in the middle of the trump trade war.
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fallout from this tariff tiff, not easy to say. christina, i guess a lot of u.s. companies going to take a big hit north of the border, right? >> reporter: right, but it could take time for us to see an effect. they put it into effect yesterday, retaliatory tariffs, 25% on steel and aluminum and 10 president on consumer products -- 10%. and i've got questions about this, felt pens and body wash? why are you putting that on your list? but there's a reason why canada has put these products like yogurt, because the vast majority of imports comes from wisconsin. they are specifically targeting certain states, states that support president trump. the same thing with whiskey. there's an article in the canadian media telling canadians to buy crown royal now because it's canadian. and last but not least, i want to tough ketchup because heinz is a very company. they had a market in canada, they closed down their meant in ontario -- their plant in ontario, and they've shifted
back to the united states, but they're still exporting goods to canada. french's saw this as an opportunity, hey, let's become more canadian, stick a flag on our logo right there, and canadians will start buying our product, and that's exactly when's happening. even though french's is owned by an american company. this is just one example of how will heinz retaliate? will they possibly consider moving back to canada and opening up a manufacturer there? just so they can start producing and avoid these potential tariffs? going forward, though, you have president -- prime minister trudeau who said on friday he reached out to the president, spoke to him on the phone and pretty much said he had no choice but to put forth these retaliatory tariffs. the big problem though would be if this escalates to include the auto sector, because it's a huge part of the canadian landscape, the canadian economy, and so that's what's really going to hurt canada, because they rely heavily on that. the u.s. commerce department said they're going to be holding hearings on auto tariffs and
will investigate this later in the summer. to go back to what this means for the u.s. economy, you have a lot of american companies that are in a state of flux right now because they don't know what's going to happen. harley davidson saying, oh, let me shift some of my production to overseas to combat or fight these tariffs, and so that's just one example. will other companies follow suit. ashley: right. christina, i also notice the canadians are imposing a tariff on maple syrup. what the heck is the u.s. sending maple syrup to canada? they've got a maple leaf on their flag. >> reporter: right. and canadians, they do support and export a lot of maple syrup around the globe, but vermont does export. i've been there many times, it's because of vermont. ashley: it's like sending coal to west virginia or new castle in england. christina, thank you very much. appreciate it. while the canadian tariffs kicked off the week, another big bill is looming this friday. that's when china is set to raise import duties on $34
billion worth of u.s. goods. the trump administration has largely spared the clothing and footwear industry when imposing tariffs on chinese imports, but does that all change when china and other nations retaliate? well, with me now is rick, he is the ceo and president of the american apparel and footwear association. so, rick, from your association's point of view, where are we headed on these tariffs, and what impact will it have? >> the impact is going to be huge, and i can explain that. but first i would phase back to now thinking about getting on a harley davidson, getting some ketchup and riding up to canada with my old sneakers on. [laughter] you know, there's a lot of concern with what's going on with tariffs. ashley: sure. >> now, we were spared in the first $34 billion that goes into effect this friday, and they did catch some of our made in america stuff, some embroidery machines, sock-making machines and weaving machines. we went and we spoke to them,
and they removed those items, so we got a passover, we got a clean bill on the $34 billion. but what does this say? it says that eventually you go to $50 billion. the president has expressed interest in $200 billion. eventually we're going to get hit. and anyone who's a responsible manufacturer or brand realizes they better take a hard look at how much they're making in china. i'm not surprised to see the market going up, going down, registering concern that we're going to go into an inflation their cycle. it's one thing to propose tariffs, it's another thing to enact them. and, you know, it's hard to blame canada. 16% of the steel coming to the u.s. coming from canada. 9% comes from mexico. is and if anybody thinks that's, you know, a threat to our national security, i think you
need to think twice. we call in the trump tariff. we're concerned, trump tax, why are they taxing us? ashley: so you're saying, essentially, we could well be playing more for our clothing, our footwear because of the impact of china and elsewhere in the world. >> absolutely. as i've said very often -- ashley: does it begin immediately on friday? >> no, no. it's a slow hike, but it's going to happen, and it's the threat of all in that just makes everyone concerned. we don't like surprise in the supply chain. nobody wants surprise in the supply chain. so we have to plan very carefully, very effectively, and we also have to worry what does this mean to the retail consumer. ashley: right. all right, we'll have to leave it there on the word of worry. rick, thank you so much for joining us. we really appreciate it. thank you. all right, let's check the big board for you. the dow, it just missed turning positive, down 20 points at this hour at 24,251. we've got about 17 minutes of
trading left. maybe we can turn it positive. next to trade, nothing has caused more fireworks for investors during the first half of this year than bitcoin. but will cryptobulls have anything left to celebrate as bitcoin teeters near lows and wipes out scores of other digital currencies from the market? we'll have the answer to that and more next on "countdown." ♪ ♪ polident is the fact that it's very, very tough on bacteria, yet it's very gentle on the denture itself. polident's 4 in 1 cleaning system consists of 4 powerful ingredients that work together to deep clean your denture in hard to reach places. it kills 99.99% of odor causing bacteria and it helps to remove stains. polident should be the first choice of every person that wears a denture, to clean their denture. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not?
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way with. over 800 digital tokens have paid the ultimate price according to a web site that tracks cryptocurrencies. these are initial coin offerings or that are now worth less than one cent. critics say many of them were never be legitimate, maybe even scams. here to walk us through it all exclusively the cameron shell, the chairman of icox innovations. all right, cameron, when you hear things like that, 800 cryptocurrencies being wiped out, it does fill one with a sense of safeness, if you know what i mean. it feels like it's very much up in the air. tell me why i should trust in cryptocurrency. >> well, cryptocurrency really is, it's a technology that is going to usher in a new era of trust in commerce by reducing friction. and like anything that's revolutionary, as it comes in, you're bound to get, you know, a rush of new players and/or potential scams or such that are
in the market and looking to do nefarious deeds. the reality is that cryptocurrencies are ushering in this new era of trust, and so at icox, for example, we're working with organizations, large brands that are actually using cryptocurrencies to streamline their supply chain, have stronger trust relationships with their customers, and we think the future of this and the future of investing into cryptos isn't going to necessarily be into small, unknown start-ups, but more into big brands and large organizations that are using this technology for the benefit of the consumer and their partners. ashley: what are the advantage to your customers of using this technology. what's wrong with the current banking system? >> well, the current system works, but when any new system comes in that does offer efficiency -- and, effectively, this efficiency is trust in a way that your consumer or your partner doesn't need to have a reference point, if you will, or
an exact direct relationship with you as a customer but can absolutely trust the transaction that's happening, that's going to reduce friction. so, ultimately, it does reduce your cost, increases your potential customer base and reduces your liability. ashley: interesting. do you support, you know, strong regulation of this space? >> 100%. without regulation we're going to see what happened over the last year continue to happen. now fortunately, we've seen a bit of a fallout in the bitcoin price which has reduced a number of the weak players in the ico market and will continue to do so over the next six months, and i think you'll see the emergence of stronger and stronger brands and larger and larger companies continuing to take up this mantle. but when we see legislation come in in the way it has come in, you see the quality players actually moving into the market. many people have talked about us being in a bubble, but the reality is for us and i think most of the world, we haven't even seen cryptocurrencies hit
the main stream. we're not really in a bubble, i'll call it a precondition which are lessons learned from the dot.com era where we're preventing a bubble from happening. ashley: seems to me that everyone that's looked into this is block chain technology is the foundation on which this works, and that is very efficient and has a lot of potential. >> well, the reality of block chain is that it's more than a technology. it's something that actually can gauge and quantify trust. and, again, i've said it before and i'll say it many times in the future, trust is the ultimate currency. when we're talking about cryptocurrencies and being able to apply something that inevitably initiates a environment where you don't require trust and everything becomes trustworthy, the impact on the economy is not more -- is not just economical, it's actually psychological. this is bigger than the printing press. ashley: very good. cameron shell, the chairman of
icox innovations out there in beautiful vancouver, british columbia. thank you so much. really appreciate it, cameron. the closing bell rings in just, well, eight minutes or thereabouts, and look at that. i did it. i got the dow to turn positive. i don't like to brag, it's all me. we're at 24,290. by the way, tesla's been speeding along. earlier today ceo elon musk sending out a big congratulations to his staff for reaching a goal many thought couldn't be achieved. but shares have been hitting a bit of a speed bump as we head into the close. nicole petallides will have a live report from the floor of the new york stock exchange. after the bell, fox business we'll take you live to the white house press briefing. right there. trade and immigration sure to be among the hot topics, among many things. "countdown" coming right back. booking a flight unlocks discounts on select hotels
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♪ ashley: closing bell rings in just about four minutes from now. dow turning positive in last few minutes. session highs. big reversal over 200 points negative. now we're up 24. that is a 200 point swing. tesla road wasn't easy but they confirmed it. electric vehicle maker hit model 3 production of 5000 cars per week. let's go down to the new york stock exchange where we find nicole petallides. >> you know it. we're watching volatility on tesla. it has had a great run since april lows, but up 40%. elon musk promised 5,000 model 3s and he delivered. there is still skepticism. stocks are swinging $35. we had multiple analysts talk about the sustainability, whether he hits marks, whether he can sustain it. last but not least.
6,000 a year over at tesla. we'll see whether or not that actually occurs. stock is down 3% right now. ashley: more tense, as my next guest says. appreciate it. heat wave slamming u.s. it is supposed to be hot, given economic indicators, so should the markets. instead they have been pretty volatile. third quarter will be pivotal, figuring out where the markets are going. phil, ceo of saloman berg asset management. we had a guest earlier on the network, we hit the peak, back in late january. we've he bull run is over.
we're seeing volatility. we're heading down. >> russell 2000 hit all-time high. ashley: long way to go? no? you don't buy it? >> i wouldn't buy it at all. >> we're stuck in trade tensions we hear about every day. a lot of uncertainty out of there. we continue to get great economic data. economy is humming along. doesn't always translate to the markets. this strong economy. we have second-quarter earnings coming out soon. where does that lead us with regard to the markets? >> do you want to buy stocks expensive or cheap? >> cheap. >> this is your opportunity. just look at russell 2000 barometer, day, look, what has speck of our economy or stock market biggest boom for the buck? small caps, right? >> no exposure. >> seeing it in revenue. that tells you experiment is working. it has to flow through to the economy. does it go on forever, but opportunity to buy stocks cheaper. >> any particular sector? >> i think the market heating
up. late-stage. >> pretty volatile? >> if you want to make money, look for opportunity. >> call the oil patch the widowmaker. >> especially couple days i like. lng. western gas. >> i like. >> all right, more in the natural gas production and liquification, or movement of energy. powerful opportunity not directly correlated to oil, directly benefit from it. >> what about the fed? get in the way, with two exuberant with rate increases? >> don't fight the fed. it does hurt. two reasons why we're here. geopolitical headline, fed a spade a spade. interest rates go higher. earnings erode. you're not there yet, you're not inflationary yet. don't be long your bond portfolio, keep duration short. see an opportunity take advantage of market. >> we'll have to leave it there. phil, thank you very much. good stuff. stocks reversing course. closing at the high. how about that? the dow wiping out nearly 200
points in losses? as we hear the bells starting to ring. [closing bell rings] that is the countdown. david asman, melissa francis with more "after the bell." david: of course, ashley is completely responsible for the turn around on wall street as he told us, dow recovering from earlier losses turning green in the final hour of trading. ending up, looks like it will end 30 points. down as much as 193. s&p 500 in the green. biggest names in tech are driving nasdaq higher. good monday morning to you, or afternoon. i'm david asman. i'm still on holiday time. melissa: there you go. i'm melissa francis. this is "after the bell." more on big market movers, here is what else we're recovering very busy hour ahead. we're awaiting daily press briefing at the white house. sarah sanders will address reporters any moment. we'll bring you there live just as soon as it begins. we are one week away from historic decision that could


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Group use vehicle to ram garage at Ellough business and steal 12 electric scooters
At least a dozen electric scooters have been stolen from a business in Suffolk after a group of people used a vehicle to ram a garage door at the premises.
Police are appealing for witnesses or information after the business, in Ellough near Beccles , was burgled on Saturday, October 10 at about 9.25pm.
Officers said a group of eight or nine people travelling in two vehicles arrived at the address, on Ellough Park Raceway on Benacre Road, before cutting the gate chains and using one of the vehicles to ram a secure garage door.
Between 12 and 15 electric scooters were stolen from within.
The vehicles involved are thought to be a Suzuki Jimmy 4X4 Jeep and a Ford Transit van.
It is believed that during the incident another vehicle drove up to the site but the suspects told them to leave.
Police would like to trace the people who were in this vehicle as they could have information to assist the investigation.
Officers are asking these witnesses, anybody else who saw anything suspicious, or drivers who captured any relevant dash-cam footage to contact Lowestoft CID by calling 101, emailing Matthew.Rogers@suffolk.police.uk or visiting the Suffolk Police website , and quoting reference 37/59132/20.
Alternatively, contact Crimestoppers anonymously on 0800 555 111, or via their online form .


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SAN DIEGO, Calif. – San Diego Harley-Davidson will celebrate the grand opening of its new store March 1 with a party and concert.
The event will feature a freestyle Harley-Davidson riding demo by Unknown, plus breakfast, a free bike wash, afternoon performances by bands P.O.D. and Mower, and more at the new store at 4645 Morena Blvd.
The new store will now be the main dealership. San Diego Harley-Davidson also has stores in Kearny Mesa and in downtown San Diego's Seaport Village.
Even though the Morena Boulevard store is new, the calendar is already full of events. The store hosts San Diego Saturdays that start with a pancake breakfast every weekend. It will host a blackjack run and three free screenings of the movie “Why We Ride” Feb. 22, and a chili cookoff March 15.
Posted by Holly Wagner


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Nanoparticles, which are tiny particles that are less than one hundredth of the thickness of a human hair, are used in sunscreens and some cosmetic and pharmaceutical creams.
The Bath study discovered that even the tiniest of nanoparticles did not penetrate the skin’s surface.
These findings have implications for pharmaceutical researchers and cosmetic companies that design skin creams with nanoparticles that are supposed to transport ingredients to the deeper layers of the skin.
However the findings will also allay safety concerns that potentially harmful nanoparticles such as those used in sunscreens can be absorbed into the body.
The scientists used a technique called laser scanning confocal microscopy to examine whether fluorescently-tagged polystyrene beads, ranging in size from 20 to 200 nanometers, were absorbed into the skin.
They found that even when the skin sample had been partially compromised by stripping the outer layers with adhesive tape, the nanoparticles did not penetrate the skin’s outer layer, known as the stratum corneum.
Professor Richard Guy from the University's Department of Pharmacy & Pharmacology, who led the study, said: “Previous studies have reached conflicting conclusions over whether nanoparticles can penetrate the skin or not.
“Using confocal microscopy has allowed us to unambiguously visualise and objectively assess what happens to nanoparticles on an uneven skin surface. Whereas earlier work has suggested that nanoparticles appear to penetrate the skin, our results indicate that they may in fact have simply been deposited into a deep crease within the skin sample.
“The skin’s role is to act as a barrier to potentially dangerous chemicals and to reduce water loss from the body. Our study shows that it is doing a good job of this.
“So, while an unsuspecting consumer may draw the conclusion that nanoparticles in their skin creams, are 'carrying' an active ingredient deep into the skin, our research shows this is patently not the case.”
The results of the work, published in the Journal of Controlled Release, suggest that it might be possible to design a new type of nanoparticle-based drug formulation that can be applied to the skin and give controlled release of a drug over a long period of time.
This would enable sustained delivery of the active drug, potentially reducing the frequency with which the patient would have to apply the formulation to the skin.


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Tesla's Elon Musk downplays deal to supply cars to Hertz
Tesla shares fell in early trading on Tuesday after founder Elon Musk cast doubt on a deal to supply Hertz with rental cars.
The Hertz announcement last week of an agreement for Tesla to supply the car rental firm with 100,000 of its electric autos helped push Musk's company to a $1 trillion market valuation alongside tech titans like Amazon, Microsoft, Google and Apple.
But Musk on Monday said no agreement had been finalized.
"If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet," Musk tweeted in response to a chart showing Tesla's share price ascending.
"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers. Hertz deal has zero effect on our economics."
In a statement, Hertz, which emerged from a bankruptcy re-organization earlier this year, re-iterated it had "made an initial order of 100,000 Tesla electric vehicles and is investing in new EV charging infrastructure across the company's global operations.
"Deliveries of the Teslas already have started. We are seeing very strong early demand for Teslas in our rental fleet, which reflects market demand for Tesla vehicles," the rental car firm said.
Around 1430 GMT, Tesla shares were one percent lower, recouping some of their losses after opening around two percent lower. Meanwhile, Hertz was 11.9 percent higher.
Separately, the US National Highway Traffic Safety Administration on Tuesday announced the recall of nearly 12,000 Tesla cars due to errors with their communication software.
© 2021 AFP


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After a couple of days of consolidation, with candlesticks showing indecision, AAPL shares made a convincing upside break past the $100/share level. This indicates that more buying pressures is present for AAPL shares, with buyers pushing the stock price past a key psychological resistance mark.
At the same time, MACD is still reflecting a pickup in buying momentum for AAPL shares, as the oscillator is moving higher. RSI is also showing strong buying pressure as it has crossed past the 50.0 mark and is on its way up to the overbought area. Price might reach $101.00/share before pulling back.
AAPL Shares Forecast
A pullback might last until the $97.50/share area of interest before price heads further north, but the influx of buying might not even pave the way for a shallow retracement. There have been no major announcements from Apple recently, but it looks like the pickup in risk appetite has shored AAPL shares higher, along with other US equities.
Geopolitical tensions appear to have faded or at least had a weaker impact on financial markets recently, as traders have focused on the implications of the latest Jackson Hole Summit. In particular, Fed Chairperson Janet Yellen spoke of keeping stimulus in place if the labor market fails to show sustained improvements.
This was received positively by US equities, as the promise of easy money and low interest rates spell better prospects for spending and business investment. Yellen indicated that they could tighten earlier than anticipated if consistent developments are seen, giving AAPL shares traders confidence to hold on to the stock for now.
As the launch of the iPhone6 draws nearer, traders might be pricing in more upbeat prospects for the company and buying up more AAPL shares. Introduction of new software updates and gadgets also tend to be positive for the company’s stock trends.
To contact the reporter of the story: Jonathan Millet at email@example.com


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"The company's efforts and focus on the enterprise have been extremely erratic," says Charles King, president of IT industry analysis firm Pund-IT.
Love at first bite
In 2007, Apple released the iPhone, which was an instant hit with its target market -- consumers. Then something perhaps even Apple hadn't expected happened. Many of these iPhone owners liked their device so much they insisted on using them at work instead of their corporate-issued BlackBerrys.
"The iPhone enabled Apple to enter a door into the enterprise," says The 451 Group's Hazelton. "But that door has been open by employees already using the device."
Which Apple didn't quite get - or appreciate -- at the time. The iPhone was built for consumers who wanted to text, surf the Web and download games. (And sometimes make a call.) Nobody at Apple was worried about things like enterprise data leakage and business applications.
InformationWeek in July 2007 wrote that the "iPhone remains a closed system that doesn't allow install-it-yourself applications," calling the Apple device's design "a red flag to businesses that use a variety of apps and consequently need more flexibility than Apple's giving."
"When the iPhone initially came out, it did not have customized apps available, and there was no SDK (software developers' kit)," says Aberdeen Group senior research analyst Andrew Borg.
But Apple soon realized it had a lucrative new market to explore and quickly remedied the situation, in its own uniquely Apple way.
Romancing the phone
"Apple comes out with iPhone 3 (in July 2008), and at the same time it announced an SDK and a whole ecosystem, the App store," Borg says. "It changed the game again overnight. A small percentage of apps were for the enterprise, but when you're talking about 10 billion apps (downloaded from the App Store), that percentage represents a significant number."
Then, less than a year ago, Apple unveiled the iPad. This time, consumer and corporate America swooned, and what was now being referred to as the "consumerization of the enterprise" reached another level. By the end of 2010, Apple had sold more than 15 million iPads, many directly to corporations.
Still, for enterprise managers leery of having "unauthorized" devices connected to their network -- accessing email, other documents, databases -- Apple's mobile invasion of the enterprise has created new challenges.
Traditionally enterprise managers could rely on software and support directly from the vendors supplying the devices. For example, RIM offers a BlackBerry Enterprise Server for IT managers to securely allow enterprise executives access to corporate email and other documents using their RIM smartphones.


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Fremont Calif. — Mio announced it will offer an Internet-connected personal navigation device (PND) by the end of this year, joining other PND makers who are racing to add cellular connections to their PNDs to provide new features.
Mio said it teamed with telematics provider ATX to offer weather and traffic updates targeted to the user’s route path, as well as updated point of interest information. It achieves through an embedded GSM modem.
Mio joins other Internet-connected PNDs announced by Dash Navigation, Magellan, Garmin and TomTom (in Europe).
ATX, based in Dallas-Ft. Worth, Texas and Dusseldorf, Germany, claims to be the largest global provider of personalized telematics services to the auto industry.


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Windows 10 gets a native Twitter app to bring tweets to Start menu
Early Windows 10 adopters will be able to view tweets directly from the returning Start menu thanks to a new official app.
Twitter has rolled out a sparkly new native app for Windows 10 PCs and tablets, allowing users to jump on board on day one.
The tweets will appear within the live tiles sitting within the Start menu. The social network also says points out the new Twitter for Windows 10 is a Universal Windows Application offering access to top Tweets, photos and videos without requiring a login.
You can grab the app from the new Windows store if you have Windows 10 downloaded to your PC or tablet. If you’re still waiting you can read our Windows 10 review and peep the 9 Windows 10 features you should try first.
Read more: How to stream Xbox One games to Windows 10
Twitter will hope its new Windows 10 app can spark some life into the company.
The social network, which hit a 52-week stock low following its earnings call yesterday, continues to struggle with growing its bottom line as well as its user-base.
The firm announced it has 316 million active users, which represents an increase of 308m from the first quarter.


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New York News
South Street Seaport stores hope for strong summer
NEW YORK (WABC) -- The few stores that survived Hurricane Sandy at the South Street Seaport are heading into what could be a final, troubled summer.
Dozens of seaport businesses are still closed.
And those that have reopened are dealing with much less foot traffic.
Business owners are hoping a good summer season will help, but there's another shock coming this fall when Pier 17 is torn down.
It will be replaced by a new complex that is not scheduled to open until 2015.
new york city, south street seaport, superstorm sandy, new york news
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The economic effects of Britain’s decision to leave the EU
A year is a long time for financial markets
By THE DATA TEAM
THE British vote to leave the EU on June 23rd last year came as a surprise to financial markets. Most investors expected that the Remain camp would prevail. As soon as the first results were in, they dumped their holdings of sterling, which fell sharply against both the dollar and the euro. A weaker pound is, in essence, a sign that international investors are less keen to buy British assets and need to be enticed by a lower price. The result has helped British exporters, but has also pushed up inflation and squeezed real wages as imported goods became more expensive. That may explain why the British economy, which performed well in the second half of 2016, has recently shown signs of slowing.
Fears of inflation and a resolute Fed are weighing on share prices
The receding snarl-ups in trade may help restrain inflation
Vladimir Putin faces opposition to his mobilisation drive to fight in Ukraine


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// Consumer confidence rises as consumers anticipate end of lockdown
// The GfK consumer confidence barometer found that the overall score jumped 7 points to -16
New research has found that consumer confidence has increased in March thanks to the increased rollout of the Covid-19 vaccine.
The GfK consumer confidence barometer revealed that there was a vast improvement in consumer confidence during March, as people looked forward to a post-pandemic future.
The overall score jumped seven points to -16, marking the third consecutive month of increases in 2021.
Confidence was boosted by an increase in consumer sentiment over personal finances and the economy for the next year, which improved by six points and 13 points respectively.
Consumers were also more confident about their personal finances in the previous year with that measure growing six points to -2.
Feelings over the general economic situation over the past 12 months remain the most negative, at -60, but still increased four points during March.
Meanwhile, the major purchase index was boosted by eight points to -11.
“Spring is in the air on the back of well-received Budget announcements, the successful vaccine rollout and roadmaps in place for ending lockdown,” GfK client strategy director Joe Staton said.
“If this improved mood translates into spending, it might help reverse some of the economic damage the UK has suffered.
“And the eight-point fillip in our major purchase measure to -11 suggests this may well happen. It’s highly likely this upward trajectory on all measures will build over the next six months and beyond.”


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This evening, Taco Sisters Restaurant is cooking and donating plate lunches to some of those affected by rampant unemployment caused by policies adapted to quell the pandemic spread of the novel coronavirus, COVID-19.
"We're trying to feed people, knowing that there's a need for food, because people aren't able to afford food right now," said Brett Hall of Taco Sisters. "We figured this was a way to help. I hope they know that we care, we're thinking of them, thinking of everybody. We are all going to get through this."
The locally-owned and operated restaurant, which started in an old house on Johnston Street near the railroad tracks near Downtown Lafayette, is donating food via a partnership with non-profit organization, Love of People, through donations made to its initiative, "The Lending Closet," and will be distributed to members of the Upper Lafayette community.
Donations from local businesses have secured more than 50 meals, but any additional donations will be routed directly toward preparing and giving away more food.
If you'd like to help by donating or you'd like to sign up to receive meals, send a message at https://www.facebook.com/loveofpeopleLOP/


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LONDON (MarketWatch) -- German chemicals company Lanxess LXS, +0.25% said it's reconsidering a decision to close its Wellford, S.C. textile processing chemicals site. Lanxess said it has other possible options for the North American activities. Lanxess said it's sold it's non-North American textile processing chemicals business to Dutch investor Egeria for 54 million euros. The unit had sales of about 130 million euros.
Lanxess reconsiders decision to close South Carolina plant


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WE NEED COST OF LIVING ACTION
Times are tough and Queenslanders are struggling. We are in the middle of a cost-of-living crisis and the cost of everything keeps going up.
Workers in Australia are working harder than ever. But our wages are going backwards and we’re getting crushed by rising costs. Power prices are up. Grocery prices are up. And big business is profiteering off Queenslanders. We are struggling to pay our household bills.
According to research more than 40 per cent of households have struggled to afford household basics just in the last three months, and over half of Australians say they will struggle to pay bills in the next three months.
We need action from the Queensland Government to ease cost of living pressures. We need this action now.


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Round-Up - London Wine Fair 2014
The London Wine Fair returned to London Olympia this week after an absence of 12 years. Here, just-drinks offers a round-up of our full coverage of the event.
Today (2 June) is the opening day of the London Wine Fair. After more than a year in redevelopment, the former London International Wine Fair has refocused its efforts and moved its location.
This week's London Wine Fair saw an 11% jump in visitor numbers as it returned to central London.
An analyst has called on the wine industry to do more to premiumise the rosé sub-category, if it wants to attract young adult consumers in mature markets, such as the UK.
A senior Taittinger executive has argued the Champagne industry is “too passive” and “too technical” in its PR efforts and must focus on the drink's “pleasure” aspects.
The CEO of Australian Vintage has revealed he would prefer rival firm Treasury Wine Estates (TWE) not to be sold to a foreign company.
An industry analyst has urged wine makers to make more of digital retailing in the UK as he revealed online sales were booming.
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Monster Beverage (NASDAQ:MNST) released its earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01, Briefing.com reports. Monster Beverage had a net margin of 26.58% and a return on equity of 28.10%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.48 EPS. The business’s revenue was up 11.6% on a year-over-year basis.
Monster Beverage stock traded up $1.52 during trading on Friday, hitting $58.16. The company had a trading volume of 6,600,300 shares, compared to its average volume of 3,454,498. The company’s 50 day simple moving average is $56.72 and its 200-day simple moving average is $60.34. The stock has a market cap of $30.77 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. Monster Beverage has a 1-year low of $47.74 and a 1-year high of $66.38.
A number of research firms have weighed in on MNST. Wells Fargo & Co decreased their target price on shares of Monster Beverage from $59.00 to $58.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada set a $75.00 price target on shares of Monster Beverage and gave the company a “buy” rating in a research report on Monday, September 30th. Credit Suisse Group reaffirmed an “outperform” rating and set a $77.00 price target on shares of Monster Beverage in a research report on Wednesday, August 28th. Jefferies Financial Group lifted their price target on shares of Monster Beverage from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Guggenheim lowered shares of Monster Beverage from a “buy” rating to a “neutral” rating and reduced their price target for the company from $74.00 to $60.00 in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.93.
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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September 24, 2019
For the sixth consecutive year, the Iowa Farm Bureau Food and Farm Index finds that Iowans have a strong affinity for meat and dairy products with more than 9 in 10 (99%) saying their households eat meat, eggs or dairy at least weekly. Also, only a minority of Iowa grocery shoppers would be likely to buy imitation meat over the real thing, even if presented the opportunity.
The sixth annual survey, conducted online by The Harris Poll, among 502 Iowans ages 20 to 60, with primary or shared household grocery shopping responsibilities, shows which choices and issues may be motivating them to make their food purchasing decisions.
Although plant-based imitation meat options have grown over the years, 94% of shoppers still feel real meat is a healthy option, compared to 74% who say the same of plant-based imitation meat.
The survey shows the majority of Iowans agree that plant-based meat shouldn’t be allowed to use the word “meat” on labels.
Nearly 75% unlikely to buy plant-based meat
Nearly three-fourths (73%) of Iowa grocery shoppers say they would not be likely to buy plant-based imitation meat over real meat, and two-thirds (68%) of respondents don’t think plant-based imitation meat should be able to use “meat” on its label. After learning more information about the benefits of animal protein in the human diet, three-quarters (72%) of grocery shoppers say they are likely to eat even more meat, eggs and dairy.
That news comes as no surprise to Iowa State University food scientist Ruth MacDonald. “Animal protein continues to be important because it is a high-quality or ‘complete’ protein containing all the essential amino acids. Pork, for example, contains one of the highest amounts of protein per serving and provides needed minerals like selenium, zinc and iron, and vitamins B12, B6, thiamin and niacin,” says MacDonald, chair of the ISU Department of Food Science and Human Nutrition.
The strong consumption of meat, milk and eggs in Iowa has remained consistent over the last six years of the survey:
over 8 in 10 grocery shoppers say their households eat beef (86%), chicken (83%) or eggs (84%) at least weekly
6 in 10 (59%) eat pork at least weekly
over 9 in 10 (97%) consume dairy weekly — cheese (93%), milk (87%), or yogurt (58%)
Most Iowans not buying lab-grown meat
About 80% of shoppers would decline to buy lab-grown meat if it were available in stores.
The survey also indicates that a small minority of shoppers showing an interest in imitation meat is due to perceived environmental impact. Among those likely to purchase plant-based imitation meat, only a third (34%) say this is due to environmental impact. Frank Mitloehner, an animal science professor at University of California, Davis, challenges the misinformation about the carbon footprint of livestock in the United States.
“According to the Environmental Protection Agency, which looks at emissions for the U.S. across all sectors of society including transportation, power production and use, and agriculture, 30% of all greenhouse gases are due to electricity production and use, followed by transportation at about 27%, and animal agriculture at less than 4%,” Mitloehner says. “So all of livestock in the U.S. accounts for 4%.”
Also, the National Academies of Sciences found that eliminating all livestock in the U.S. would only reduce greenhouse gas emissions by 2.6%.
Iowans trust farmers
The survey shows that Iowans trust farmers to care for the land and animals and farmers are a trusted source on food safety.
The survey also shows more than 9 in 10 (92%) of Iowa grocery shoppers continue to place trust in Iowa farmers. Nearly 9 in 10 (87%) are confident that Iowa farmers care for their animals responsibly. More than three-quarters (78%) say they are confident that Iowa farmers care for the environment responsibly, and 71% say they are confident that Iowa farmers are taking on the challenge of improving water quality.
Nearly 7 in 10 support GMOs
The Iowa Farm Bureau Food & Farm Index again shows positive sentiment toward GMOs, with nearly 7 in 10 (69%) saying they’ll continue to eat food they normally do knowing it contains GMOs. Large majorities of Iowa grocery shoppers say certain GMO benefits would influence their decision to buy GMO foods. Those are:
produce food with better nutritional value (74%)
help feed more people in the world (72%)
use less herbicide and other pesticides (71%) produce food that is scientifically proven over 20 years to be as safe as food produced from conventional and organic crops (66%)
produce food with better texture or flavor (64%), produce better yields to make more efficient use of land (63%), and produce food with longer shelf life, to reduce food waste (60%)
The Iowa Farm Bureau Food & Farm Index was conducted online July 11-25 in the U.S. by The Harris Poll on behalf of IFBF. The survey included 502 adults, ages 20 to 60, residing in Iowa who have primary or shared responsibility for household grocery shopping. Figures for age, sex, race and ethnicity, education, and household income were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was also used to adjust for respondents’ propensity to be online.
Source: Iowa Farm Bureau, which is responsible for information provided and is owned by source. Informa Business Media and subsidiaries aren’t responsible for content in this information asset.
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Researchers at a North Carolina university have developed a replacement for fluorescent lightbulbs that is flicker-free. The Fipel, or field-induced polymer electroluminescent technology, is made from layers of light-emitting polymer with nanomaterials that glow when an electric current is introduced. The light burns brighter than a conventional bulb and is longer-lasting, says its creator.
Dr David Carroll, the professor of physics at Wake Forest University, believes that the breakthrough is more significant than OLEDs. “What we’ve found is a way of creating light rather than heat. Our devices contain no mercury, they contain no caustic chemicals, and they don’t break as they are not made of glass.”
[Image via WFU]


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New Delhi: Vice President of India Shri M. Venkaiah Naidu was paid a visit to the Republic of Costa Rica from 7-9 March 2019.
Visit of Vice President Naidu to the Republic of Costa Rica was the first ever high-level visit from India. Former Second Vice President of Costa Rica Ms. Ana Helena Chacon Echeverria had visited India in October 2015. There have been other ministerial and other level exchanges between the two countries at periodic intervals.
Engagements of the Vice President in Costa Rica was included meetings with President of the Republic of Costa Rica, Mr. Carlos Alvarado Quesada, First Vice President, Ms. Epsy Campbell Barr as well as President of Congress Ms. Carolina Hidalgo Herrera. VP addressed the prestigious University of Peace, established under the auspices of the United Nations with a specific mandate of furthering the agenda of peace. He delivered the keynote address at the India-Costa Rica business forum; and meet with the Indian community in Costa Rica.
India and Costa Rica enjoy long-standing relations of friendship and cooperation, which are being strengthened by the growing commercial engagement between the two countries. Bilateral trade between India and Costa Rica is US $ 200 mn. Indian exports to Costa Rica total US $ 133 mn with auto, motorcycles and pharma figuring among top exports. Imports from Costa Rica are mainly teakwood. With a commitment to become carbon-neutral country by 2021, Costa Rica has joined the International Solar Alliance.
The visit of Vice President to the two countries is to advance India’s outreach to the important countries in the region. This visit will provide an opportunity to provide impetus to our bilateral relations in trade and investment, ICT, renewable energy including hydel, education, healthcare, space and people to people linkages.