Recreational Boating Industry Participates In Hearing On California Proposition 65 Changes

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FEATURED INDUSTRY NEWS Recreational Boating Industry Participates In Hearing On California Proposition 65 Changes On Wednesday, the California Office of Environmental Health Hazard Assessment (OEHHA) hosted a public hearing on its proposal to change Prop 65 short-form warning requirements. NMMA and its members have been working with the California regulator to provide clarity around the labeling proposal and its impact to the recreational boating industry. Read More LEADING ECONOMIC AND POLICY NEWS Retail Sales Rose 0.3% In November The Wall Street Journal reports the Commerce Department said Thursday that retail sales rose a seasonally adjusted 0.3% in November from the month before. The increase marked a rebound from downwardly revised 0.2% decline in October and a surprise to economists who had anticipated another decrease in sales. House Minority Leader Says Government Will Shut Down If House GOP Keeps Demanding Funding Below Agreed To Levels The Hill reports House Minority Leader Jeffries “warn[ed] Thursday that the government will close its doors if House Republicans continue to demand funding levels below those negotiated in the debt ceiling agreement – complete with side deals – earlier in the year.” Jeffries said during a press briefing, “It’s fair to say that we are either going to agree to keep the agreement that had been reached in terms of the bipartisan Fiscal Responsibility Act, with the top-line spending number at [$1.659 trillion]...or the extreme MAGA Republicans in the House are going to shut down the government, which will hurt the American people.” Jeffries’ comments “came as congressional leaders are struggling to reach an agreement on the spending caps – or ‘top-line’ numbers – governing federal appropriations for fiscal 2024.” Stocks Close Higher On Thursday CNBC reports that the Dow Jones Industrial Average “closed higher on Thursday as the 10-year Treasury tumbled below 4% and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing.” The DJIA “closed at a record high, ending the day up 158 points, or 0.43% at 37,248.35.” The S&P 500 “added 0.26% to end the day at 4,719.55, while the Nasdaq Composite gained 0.19% to 14,761.56.” Previous Top Stories  • Market Your Presence At 2024 Boat Shows With New Discover Boating Promo Toolkit  • Federal Reserve Again Holds Rates Steady, Suggests Rate Cuts To Begin Next Year

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