Members Of Congress To Hear From Recreational Boating And Fishing Advocates Across The U.S. As ABC Kicks Off Today

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 May 8, 2024

FEATURED INDUSTRY NEWS Members Of Congress To Hear From Recreational Boating And Fishing Advocates Across The U.S. As ABC Kicks Off Today Leaders and advocates from the recreational boating and fishing industry today convene in Washington, D.C. for the American Boating Congress (ABC), a three-day event that showcases the influence and economic power of one of the leading sectors of the $1.1 trillion outdoor recreation economy. Advocates will meet with lawmakers on the industry’s most pressing issues, and attendees will hear from speakers who will give an inside look into the Administration and on Capitol Hill. Read More NMMA Canada Collaborates With Boating BC and Engages With Local Members Last week, NMMA Canada took part in a weeklong trip to British Columbia to meet attend the BC Boat show, engage with Boating BC, and connect with various members, as well as strategic regional and provincial partners. During the visit, NMMA Canada’s Patrick Pereira, manager of government relations, had discussions with prominent members, including ComNav, Dometic, Mustang Survival, Barnacle Systems, Shockwave Seats, and Boating BC, across the lower-mainland and Vancouver Island. Read More LEADING ECONOMIC AND POLICY NEWS Minneapolis Federal Reserve President Suggests Rates May “Need To Go Higher” Bloomberg reports that Minneapolis Fed President Neel Kashkari “said it’s likely the central bank will keep interest rates where they are ‘for an extended period of time’ until officials are certain inflation is on track to their target.” In an essay published Tuesday, Kashkari “said recent inflation data raise questions about whether monetary policy is restrictive enough to fully return price growth to 2%, the rate policymakers see as the sweet spot in a healthy economy. ‘The most likely scenario is we sit here for an extended period of time,’ he said Tuesday at the Milken Institute Global Conference.” Kashkari added, “Or if we get convinced eventually that inflation is embedded or entrenched now at 3% and that we need to go higher, we would do that if we needed to.” President Biden Meets With CEOs About Economy, Infrastructure, And Energy Policies Bloomberg reports President Biden on Tuesday met with the “chief executives from large companies to discuss the state of the economy and efforts to implement his infrastructure and clean energy policies, according to the White House.” A White House official said the President met with Citigroup CEO Jane Fraser, United Airlines CEO Scott Kirby, Marriott CEO Anthony Capuano, Corning CEO Wendell Weeks, Flex CEO Revathi Advaithi, Bechtel CEO Brendan Bechtel, retired Xerox CEO Ursula Burns, and Evercore founder Roger Altman, among others. Bloomberg says the meeting comes “amid a renewed push to highlight the strength of the US economy and sell his legislative accomplishments, as polls show the public remains unsold on his economic stewardship.” WPost Analysis: Trump Signaling His Intention To Impose More Tariffs The Washington Post says former president Donald Trump’s economic advisers are “eyeing aggressive new legal justifications to impose tariffs on all imports, seeking to buttress a second-term plan that would reshape the U.S. economy.” According to the Post, “On the campaign trail, Trump has repeatedly promised to enact a ‘ring’ around the U.S. economy by enacting a tariff of at least 10 percent on goods imported from any other nation. Trump’s plan would target more than $3 trillion in annual imports and risks sending inflation soaring in what would likely prove the biggest escalation of trade hostilities in decades, ratcheting up the standoffs that marked his first term.” Stocks Little Changed After Several Days Of Gains CNBC reports that the Dow Jones Industrial Average and the S&P 500 “inched higher Tuesday as traders looked for more clues on when the Federal Reserve may start cutting rates.” The S&P 500 “added 0.13% and ended the session at 5,187.70, while the Nasdaq Composite slipped 0.1% to close at 16,332.56.” WPost: Congress, Not FTC, Must Implement Noncompete Ban In an editorial, the Washington Post argues that the Federal Trade Commission’s decision to ban noncompete clauses goes too far, making the “only allowable use of a noncompete...to protect the buyer of a business against competition from a new firm set up by the seller.” The Post argues that while “there should be a strong presumption in favor of letting workers take their talents where they can earn the highest reward,” the FTC’s rulemaking is based on “aggressive interpretations of both the agency’s jurisdiction over ‘unfair methods of competition’ and its power to combat such practices through regulatory action.” The Post concludes that Congress must change the rules “to ensure that a noncompete ban stands on solid legal and political ground.”

NEWS YOU CAN USE Yamaha’s Speciale: “ABC An Opportunity for Advocacy and Building Coalitions” In sponsored content provided by Yamaha, executive level sponsor of the American Boating Congress, Ben Speciale, President, Yamaha U.S. Marine Business Unit, said “The American Boating Congress (ABC) provides opportunity for marine professionals to advocate for their industry on capitol hill; it’s also a way to grow coalitions and build relationships with other industries and organizations pursing related initiatives. Yamaha and the National Marine Manufacturers Association (NMMA), together will grow the coalition focused on sustainable fuels and hydrogen by working with the Specialty Equipment Market Association (SEMA) during ABC.” READ MORE

Previous Top Stories  • Wisconsin Governor Kicks Off Fishing Season, Recognizing Boating’s Economic Impact  • Conference Board Employment Trends Index Shows Labor Market Cooling

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