Wednesday, October 11, 2017

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Quote of the day: "Intelligence without ambition is a bird without wings." -Salvador Dali


The White House: President Trump welcomes Canadian Prime Minister Justin Trudeau to the Oval Office to discuss NAFTA and aerospace firm, Bombardier. The U.S. government has imposed a 300% import tax on C-Series jet manufactured by Canadian company Bombardier, which employs 4,000 people, Delta airlines has made a deal for $5.6 billion for 125 jects. Trudeau saying, "not something that is warranted and something we look very negatively upon." Both leaders have said they remain optimistic about NAFTA negotiations but are ready for anything. 


Politics: Rep. Al Green (D-TX) pulls back from forcing the House to vote on articles of impeachment against President Donald Trump. Green read his impeachment resolution to the members of the House, once called by the presiding officer to call up the resolution for action, Rep. Green did not show up on the floor. Green later told reports that he would allow more time for other members to review the resolution before voting on it. 


Business: Handbag company Coach Inc. will change its name to Tapestry Inc. (TPR stock exchange symbol) in an effort to reflect the company's other brands under one parent company name. Coach acquired shoe brand Stuart Weitzman for $574 million in 2015 and Kate Spade for $2.4 billion this year. The new name will take effect this October 31st. 


U.S.: Wednesday the Boy Scouts of America announced they will soon be allowing girls to become Cub Scouts and earn the rank of Eagle Scout the highest honor in the organization. National chairman Randall Stephenson said, "I've seen nothing that develops leadership skills and discipline like that organization.. it is time to make these outstanding leadership development programs available to girls." 


World: U.S. Air Force B-1 bombers along with South Korea and Japan conducted military exercises off the Korean Peninsula. The U.S. Air Force released a statement saying, "Participating in bilateral training enables the operational units to improve their combined capabilities and tactical skills, while also building bilateral confidence and strong working relationships." The U.S. is pushing for diplomacy talks and international economic sanctions in an effort stop North Korea.


Science/Tech/Health: Facebook announced the Oculus Go Virtual Reality headset set to go sale next year for $199. The Oculus Go will not require the use of a smartphone or PC to use, Mark Zuckerberg, said it's "the most accessible VR experience ever." 


Entertainment: Hip-hop artist and Business owner Jay-Z is interested in buying Harvey Weinstein's 23% stake in The Weinstein Company with other investors. According to source Jay-Z "wants his relationship with the company to continue and grow", he along with Harvey helped produced 'Time: The Kalief Browder Story' a six-part documentary. 


Sports: The New York Yankees advance to the American League Championship Series after beating the Cleveland Indians 5-2 in game 5, winning the last 3 straight games. The Yankees will face the Houston Astros the winner of best of seven will advance to the World Series. Game 1 between the Yankees and Astros will be held on October 13 at Minute Maid Park in Houston. 



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