August 8, 2014: Maury is a close second to trade data in our book

Posted by mmcmullan on 08/08/2014

Good afternoon, and welcome to the Early Shift.

The Dog Days of August are underway, but that doesn’t mean a whole lot of shaking hasn’t been going on. Here’s a brief rundown of what’s been happening this week … and a brief preview of what’s ahead.

Numero uno: The U.S. Department of Commerce released America’s monthly trade data, and another deficit north of $40 billion elicited a big ol’ “meh" from the media. Fun fact: Did you know that the U.S. has run a monthly trade deficit since 1976? It’s true.

Numero dos: China lost an appeal to a World Trade Organization ruling that determined Bejing had unfairly restricted access to its supply of rare earths minerals. That’s a good thing; those minerals go into everything from smartphones to military-grade equipment. Said Alliance for American Manufacturing (AAM) President Scott Paul:

For too long, China’s export restrictions have held U.S. producers and workers hostage, and undermined our national security. We applaud USTR for pursuing the enforcement of our trade laws through the WTO.

And lastly:

Let’s not get too excited now, but the results are in — and the current king of daytime TV trash, Maury Povich, is the proprietor behind an American-made clothing company located in New Bedford, Massachusetts. We think that's awesome. So tune in later for the most gif-heavy Fashion Friday in AAM’s existence.

That’s it. That’s it and that’s all.

Until next Early Shift, America.


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