Category Archives: Market News

White House: Trump tells Canada, Mexico, he won’t terminate NAFTA treaty yet

WASHINGTON, April 26 (Reuters) – U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said.

The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw the United States from the trade pact with Canada and Mexico, one of the world’s biggest trading blocs.

The White House said Trump spoke by telephone with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau and that he would hold back from a speedy termination of NAFTA, in what was described as a “pleasant and productive” conversation.

“President Trump agreed not to terminate NAFTA at this time and the leaders agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries,” a White House statement said.

“It is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better,” Trump was quoted as saying in the statement.

See more on President Trump:

Sen. Elizabeth Warren (D-MA) – In her new book, Warren reveals for the first time that she considered running in 2016, when liberals were begging her to enter the race. This year, Warren joined the Armed Services Committee, filling a major national security gap in her resume. First though, she’ll have to win reelection next year in Massachusetts, where some Warren allies expect Republicans to spend heavily to defeat or at least damage her.

REUTERS/Joshua Roberts

Sen. Cory Booker (D-NJ) – Booker is a crowd favorite whenever he speaks to Democratic audiences and is expected to headline several party fundraising events this year. One of the few African-Americans in the Senate, Booker has a big social media following and is a darling of the Manhattan donor class. His precedent-breaking testimony against Attorney General Jeff Sessions was a high-profile event that endeared him to many on the left.

REUTERS/Brian Snyder

Sen. Bernie Sanders (I-VT) – Sanders won millions of votes during his unexpectedly strong presidential primary bid last year, which gave him a massive following and small-dollar donor base that’s the envy of many Dems. He’s the most popular politician in America, according to some surveys, and inspires enthusiastic loyalty. But Sanders would be 78 in 2020, and while his age doesn’t seem to slow him down, Democrats may want a fresher face. 

REUTERS/Mary Schwalm

Former Gov. Martin O’Malley (MD) – No one has shown more interest in 2020 so far than O’Malley, who has been traveling to key states to campaign for Democrats and who told NBC News in January that he “just might” run for president again. O’Malley failed to crack 1% in the Iowa caucuses last time around. But he was convinced there no room for anyone in a race so clearly defined by Hillary Clinton and Sanders, and insists that he could perform better under different circumstances.

NICHOLAS KAMM/AFP/Getty Images

Sen. Al Franken (D-MN) – With a reality TV star-turned-politician in the White House, some Democrats think the comedian-turned-politician would be the perfect foil. His book out next month, sarcastically titled, “Al Franken, Giant of the Senate,” could be a signal of higher ambition.

MANDEL NGAN/AFP/Getty Images

Joe Biden – The former vice president ran for the top job twice and nearly did a third time in 2016. Could he really make a go of it in 2020? “Never say never,” Biden told “Late Show” host Stephen Colbert. “You don’t know what’s going to happen. I mean, hell Donald Trump’s gonna be 74. I’ll be 77 and in better shape. I mean, what the hell?”

Photo by Brad Barket/WireImage

Sen. Kirsten Gillibrand (D-NY) – Gillibrand has long been seen as potential presidential material, and her decision to vote against almost every one of Trump’s Cabinet nominees has earned her renewed praise on the left. A recent profile in New York magazine further edged her toward the national stage.

Photo By Bill Clark/CQ Roll Call

Gov. Andrew Cuomo (NY) – Cuomo has built record of accomplishments in his time leading New York State, including the recent passage of a universal college tuition program, even though he’s also racked up some detractors along the way. And unlike some of the other 2020 possibles, he’s hardly shown a relish for taking on Trump.

Photo by Brad Barket/WireImage

Sen. Kamala Harris (D-CA) – The former California Attorney General just got to the Senate in January, but many party insiders think she’s interested in higher office and that she would be a formidable candidate for the White House. Political talent scouts have been watching her for years, with a 2015 Washington Post headline asking, “Is Kamala Harris the next Barack Obama?”

Photo by Zach Gibson/Getty Images

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The Mexican and Canadian currencies rebounded in Asian trading after Trump said the U.S. would stay in NAFTA for now. The U.S. dollar dropped 0.6 percent on its Canadian counterpart and 1 percent on the peso.

The White House had been considering an executive order exiting NAFTA as early as Trump’s 100th day in office on Saturday, but there was a split among his top advisers over whether to take the step.

During his election campaign Trump threatened to renegotiate NAFTA and in the past week complained bitterly about Canadian trade practices.

It was under an executive order signed by Trump on Jan. 23 that the United States pulled out of the sweeping Trans-Pacific Partnership trade deal.

News of the potential presidential action to withdraw from NAFTA earlier drove the Mexican and Canadian currencies lower.

NAFTA TRADE HAVOC

A disruption in trade between the three NAFTA partners could wreak havoc in the auto sector and other industries, hitting profits at companies that have benefited from zero-level tariffs and Mexico’s relatively low labor costs. It would also hit U.S. agricultural exports hard.

“To totally abandon that agreement means that those gains are lost,” said Paul Ferley, an economist at Royal Bank of Canada.

Trump has repeatedly vowed to pull out from the 23-year-old trade pact if he is unable to renegotiate it with better terms for America. He has long accused Mexico of destroying U.S. jobs. The United States went from running a small trade surplus with Mexico in the early 1990s to a $63 billion deficit in 2016.

Details about the draft executive order on NAFTA were not immediately available.

Trump has faced some setbacks since he took office in January, including a move by courts to block parts of his orders to limit immigration.

Withdrawing from NAFTA would enable him to say he delivered on one of his key campaign promises, but it could also hurt him in states that voted for him in the election.

“Mr. President, America’s corn farmers helped elect you,” the National Corn Growers Association said in a statement. “Withdrawing from NAFTA would be disastrous for American agriculture.”

DIVERGING OPINIONS

The first administration source told Reuters that there were diverging opinions within the U.S. government about how to proceed and it was possible that Trump could sign the executive order before the 100-day mark of his presidency.

The source noted that the administration wanted to tread carefully. “There is talk about what steps we can take to start the process of renegotiating or withdrawing from NAFTA,” this source said.

Mexico had expected to start NAFTA renegotiations in August but the possible executive order could add urgency to the timeline.

The Mexican government had no comment on the draft order. The country’s foreign minister said on Tuesday that Mexico would walk away from the negotiating table rather than accept a bad deal.

Trump recently ramped up his criticism of Canada and this week ordered 20 percent tariffs on imports of Canadian softwood lumber, setting a tense tone as the three countries prepared to renegotiate the pact.

Canada said it was ready to come to talks on renewing NAFTA at any time.

“At this moment NAFTA negotiations have not started. Canada is ready to come to the table at any time,” said Alex Lawrence, a spokesman for Canadian Foreign Minister Chrystia Freeland.

(Reporting by Steve Holland; Additional reporting by Fergal Smith in Toronto, David Ljunggren in Ottawa,; Rodrigo Campos in New York and Julie Ingwersen in Chicago; Writing by Jason Lange; Editing by Tom Brown, Bill Rigby and Michael Perry)

Article source: https://www.aol.com/article/news/2017/04/27/white-house-trump-tells-canada-mexico-he-wont-terminate-naft/22057913/

Jammin Java Corp. (JAMN: OTC Pink Current) | High Performance Beverages Signs MOU to Create Joint Venture With Jammin Java for New Line of Cold Coffee Beverages

CAVE CREEK, AZ–(Marketwired – Apr 27, 2017) – High Performance Beverage Co. (OTC PINK: TBEV) (the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with Jammin Java Corp. (d/b/a Marley Coffee) (OTCQB: JAMN), in order to create a joint venture partnership for the development of a new line of cold coffee beverages.

Based in Denver, CO. Jammin Java plans to move into new areas of cold coffee products with the help of High Performance Beverage in order to establish itself in the multi-billion dollar retail coffee industry.

Bloomberg news reported canned and bottled ready-to-drink coffee is a natural evolution flowing from a consumer landscape awash with premium coffee at ubiquitous Starbucks and countless independent coffee bistros. Millennials, who account for 44% of U.S. coffee demand, have been helping the U.S. ready-to-drink coffee market grow by double digits every year since 2011.

Bloomberg articles:

https://www.bloomberg.com/news/articles/2016-10-30/millennial-hunt-for-caffeine-fix-propels-coffee-demand-to-record

https://www.bloomberg.com/news/articles/2016-05-23/cold-coffee-is-booming-in-the-u-s-now-everyone-is-piling-in

Mintel reported Millennials are driving the cold coffee revolution with 66% drinking ice coffee or cold coffee beverages. Cold coffee has also been instrumental in attracting younger coffee drinkers since the beverage lacks the bitterness sometimes associated with hot brewed coffee. As trends continue, many opportunities are being created in this wide open market.

Mintel article:

http://www.mintel.com/blog/drink-market-news/millennials-drive-growth-of-fourth-wave-iced-coffee-but-where-do-we-go-from-here

Euromonitor International expects the market to reach nearly $3.6 billion by 2020. The overall global market stood at $18 billion in 2015, according to Euromonitor.

New product lines to be developed by High Performance Beverage and Jammin Java are:

  • Cannabis Coffee for the Colorado markets, including THC and CBD based coffees
  • Sugar Free and Low Calorie Canned and Bottled Cold Coffee products for U.S. national distribution
  • Coffee Energy Drinks including full fat and sugar along with low calorie varieties.

Chris Plant, CEO of Jammin Java, stated, “We are excited to work with High Performance Beverages in the development of a new line of cold coffee beverages. This new line will be significant as we transition from traditional coffee roasters to the cold coffee drink market. Because we are an already established coffee company, we will have several distinct advantages in the marketplace, as we introduce our new line of coffee beverages, some of which will be first to market. Developing a premium taste associated with our brand will be our main priority.”

Toby McBride, CEO of High Performance Beverage Co., stated, “We are extremely pleased to be working with Jammin Java and their management team. We have identified a variety of first to market products that we are confident will succeed in the ever growing multi-billion dollar coffee market. He also stated, “The fact that Jammin Java is already a well established coffee company that is located in Colorado reaps multiple benefits and competitive advantages in the areas of THC and CDB coffee drinks. We are extremely confident that Jammin Java will be able to have a significant impact on the Colorado market before entering additional states that are legally permitted.”

For more information on Jammin Java:
https://jamminjavacorp.wordpress.com/

About High Performance Beverage Company

High Performance Beverage Company has created a new beverage segment under the trade name High Performance Beverages which manufactures and distributes a line of sport performance drinks. High Performance Beverage Company’s sport performance drinks are carefully formulated to support mental focus and help increase blood flow, thereby giving the body the necessary fuel to power through a specific event or throughout the day. Our unique blends are designed to bridge the gap between supplements, energy and hydration drinks, ultimately broadening our appeal and providing access to an expanding target market. High Performance beverages are sugar free and extremely low in calories and caffeine. This positioning makes High Performance Beverage Co. sport drinks first to market with a sustainable competitive advantage.

High Performance Beverage Corporate Website:
www.bev.highperformancebeverage.com
www.hpbev.net

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of High Performance Beverage Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond High Performance Beverage Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in High Performance Beverage Company’s filings with the Securities and Exchange Commission.

Article source: http://www.otcmarkets.com/stock/JAMN/news?id=157152

‘The Voice’ pays tribute to Christina Grimmie as Top 11 is revealed: Watch

One artist was eliminated on The Voice on Tuesday night (April 24). After Monday night’s voting and iTunes tallies, the bottom two artists had to sing live for the instant save. Coaches Blake Shelton and Adam Levine performed with their teams, and Alicia Keys and Gwen Stefani will perform next week.

Carson Daly started the night by bringing back the top 12 artists and announcing the first of the results. Viewers voted to save Team Gwen’s Brennley Brown, Team Adam’s Jesse Larson and Team Blake’s Lauren Duski. Brown’s advancement in particular was not a surprise, since her song from last night broke into the top 10 on iTunes.

Daly also announced the creation of the Christina Grimmie Foundation, which will help victims of gun violence and breast cancer. A former contestant on The Voice, Grimmie was fatally shot at a concert last year. Levine, her former coach, dedicated his team’s performance of “Hey Jude” to Grimmie, and her family was in the audience.

The remaining nine artists were brought back to the stage. Viewers voted to save Team Alicia’s Vanessa Ferguson and Team Blake’s Aliyah Moulden, the youngest artist left in the competition.

Performing “Good Life” from The Fate of the Furious, G-Eazy took the stage next.

The next two artists to advance to the top 11 were Team Adam’s Lilli Passero and Team Alicia’s Chris Blue.

”’

Team Blake gave a country performance of “Crippled Inside” by John Lennon, and then it was time for Daly to announce the last two artists who were automatically voted through. Viewers voted to save Team Gwen’s Hunter Plake and Team Blake’s TSoul, leaving Shelton’s team intact. America also saved Team Alicia’s Stephanie Rice, leaving Alicia Keys’ team intact as well.

That left Team Gwen’s Troy Ramey and Team Adam’s Mark Isaiah to sing for the instant save. Ramey went first, singing “Drift Away.” It was a smooth and soulful performance, but artists should always go with something more upbeat and exciting when singing for the instant save. This felt more like a casual jam session than a performance, and Ramey’s nerves seemed to be getting to him a little bit. Shelton said he has a classic sounding voice and also encouraged Ramey to show more of his personality on the show if he advances to next week. “You’re so easy with the way you sing,” Stefani said, describing him as natural and intuitive.

THE VOICE — ‘Live Top 12’ Episode: 1215A — Pictured: (l-r) Aliyah Moulden, Lauren Duski, Lilli Passero, Vanessa Ferguson, Brennley Brown, Troy Ramey, Hunter Plake, Stephanie Rice, Chris Blue, TSoul, Mark Isaiah, Jesse Larson — (Photo by: Trae Patton/NBC/NBCU Photo Bank via Getty Images)

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Isaiah followed with a performance of “When I Was Your Man” by Bruno Mars. And even though it also was on the slower side, it was a strong example of the kind of music that Isaiah sings very well. Given Isaiah’s easy charm, it’s surprising he hasn’t connected with viewers more. Levine thought it was a perfect song choice. “You’re getting better every day,” Levine said, urging viewers to vote him through so they can see his full potential.

Live votes were cast on Twitter, and Daly announced the results. Isaiah secured the instant save and advanced to the top 11, and Ramey went home.

The top 11 will sing live next week on The Voice. What did you think of tonight’s results?

This article was originally published by The Hollywood Reporter.

Article source: https://www.aol.com/article/entertainment/2017/04/26/the-voice-pays-tribute-to-christina-grimmie-as-top-11-is-revea/22057381/

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