Gain Market Insights With NMMA's January Monthly Shipment Report

If you are unable to see the message or images below, click here to view

Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole March 22, 2024

FEATURED INDUSTRY NEWS Gain Market Insights With NMMA’s January Monthly Shipment Report NMMA’s January 2024 Monthly Shipment Reports (MSR) are now available to download. These reports track and analyze industry wholesale shipments using data from a control group of boat, engine, and trailer manufacturers. Read More LEADING ECONOMIC AND POLICY NEWS Congressional Negotiators Finalize Spending Package, Setting Stage For Last-Minute Votes The New York Times reports Congressional leaders on Thursday “unveiled the $1.2 trillion spending bill to fund the government through September, though it remained unclear whether Congress would be able to complete action on it in time to avert a brief partial government shutdown over the weekend.” Nonetheless, both parties “highlighted victories in the painstakingly negotiated legislation” – Republicans “cited as victories funding for 2,000 new Border Patrol agents, additional detention beds run by Immigration and Customs Enforcement, and a provision cutting off aid” to UNRWA, while Democrats “secured funding increases for federal child care and education programs, cancer and Alzheimer’s research.”         The Washington Post says lawmakers are “staring down a fast-approaching government shutdown deadline,” since although “support for the bill is hardly in doubt,” the House “is expected to vote on the measure...as soon as 11 a.m. Friday,” which “leaves the usually more plodding Senate just hours to take its vote.” The Post adds that “any one senator can throw up procedural roadblocks that would push the government past the shutdown deadline,” and Republican Sens. Rand Paul (KY), Mike Lee (UT), and Bill Hagerty (TN) “have already signaled they are likely to offer amendments and attempt to slow the Senate’s consideration of the bill.” Regardless, Roll Call notes lawmakers “weren’t really sweating the prospect of a weekend funding lapse, given its limited impact on government operations.”         According to Reuters, Senate Majority Leader Schumer “wasted no time in urging his fellow senators to act quickly once the legislation arrives from the House,” calling for “bipartisan cooperation to pass it before Friday’s deadline and avoid a shutdown.” Meanwhile, the Congressional Budget Office “warned that U.S. deficits and debt will grow considerably over the next 30 years,” and “ratings agencies have also warned that Congress’s repeated brinkmanship could hurt the U.S. government’s creditworthiness.” Politico claims that “the six-measure bundle is the most substantial bipartisan legislation Speaker Mike Johnson has negotiated during his nearly five months leading the House, representing a much more controversial package than the one Congress cleared earlier this month.”         However, a separate Politico examines the “cost” Johnson has paid by “plowing forward with his plan,” since “House conservatives have renewed their threats that any actions against the Louisiana Republican are on the table, incensed over the latest spending deal.” Furthermore, Politico also says that Senate conservatives “are angry about the $1.2 trillion government funding deal – but they’re stopping short of any threats to slow its eventual passage in their chamber.” Politico adds that “many Senate conservatives expressed frustration with Speaker Mike Johnson’s handling of the situation, even as the Louisiana Republican contends with the narrowest of GOP majorities.” Stock Rally Continues On Thursday CNBC reports that “stocks climbed Thursday and added to the previous session’s gains, powering the major averages to new record closing levels.” The Dow Jones Industrial Average “jumped 269.24 points, or 0.68%, to close at 39,781.37.” The S&P 500 “advanced 0.32% to end at 5,241.53,” while the Nasdaq Composite “edged up 0.20% to finish at 16,401.84.” CNBC adds, “Thursday’s moves follow a winning day on Wall Street that sent the three major indexes to new closing highs, with the S&P 500 breaking above 5,200 for the first time.” According to CNBC, “Those gains came as the Federal Reserve reiterated expectations for three interest rate cuts this year and kept borrowing costs unchanged at the conclusion of its two-day policy meeting.” Oil Prices Decline Amid Reports Of UN Draft Resolution Calling For Gaza Ceasefire Reuters reports oil prices “settled slightly lower on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza.” Brent crude oil futures prices “for May settled down 17 cents, or 0.2%, to $85.78 a barrel, while U.S. West Texas Intermediate futures for May settled own 20 cents, or 0.3%, to $81.07 a barrel after a fall of about 1.8% in the previous session.” Previous Top Stories  • NMMA Chief Brand Officer Puts Spotlight On Recreational Boating As PRWeek Women Of Distinction Honoree  • Federal Reserve Holds Rates Steady, Signals Three Rate Cuts Still Expected This Year

Subscriber Tools • Change Email Address • Contact NMMA News Editor • Unsubscribe • Email Help • Archives Advertise with NMMA Currents: Email Our Advertising Team advertise@bulletinmedia.com Click Here For Media Kit

NMMA Currents is a digest of the most important news selected from thousands of sources by the editors of Bulletin Media. The presence of such advertising does not endorse, or imply endorsement of, any products or services by the National Marine Manufacturers Association. This complimentary copy of NMMA Currents was sent to manojdole1.marinefitter@blogger.com as part of your NMMA membership. Your personal data may be used to improve content delivery within this briefing. Do not sell my personal information: if you have a do not sell my information request under the California Consumer Protection Act please go to our CCPA Privacy Notice to see how to contact us. To see how we protect our data, for any questions on data access, or your rights under the CCPA, including the right to not sell your information, please view BulletinMedia's privacy policy or CCPA Privacy Notice. Neither Bulletin Media nor the National Marine Manufacturers Association is liable for the use of or reliance on any information contained in this briefing. Send any questions or feedback about NMMA Currents to PRTeam@nmma.org. For information about other member benefits, please contact NMMA Member Service Center by sending an email to bwelsh@nmma.org. Click here to unsubscribe from Currents. National Marine Manufacturers Association | 231 S. LaSalle Street | Suite 2050 | Chicago, IL 60604 Copyright © 2024 by Bulletin Media| 1785 Greensboro Station | 8th Floor | McLean, VA 22102