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On the Walton farm near Iowa City, Iowa, this year’s soybean crop is as good as it gets. But out here, most days are not easy, but Dave Walton finds the good in most days. That optimism could be why the Walton family has been on the farm so long.Walton is a sixth-generation soybean farmer in Iowa."I've got two sons that would like to farm, too,” says Walton.Walton says, perhaps more now than ever, there’s much anxiety about the future."We were already looking at lower profits, and this tariff issue has made it even worse."Of the 900 acres on the Walton's farm, 300 acres are for soybeans."We sell most of our soybeans to a river terminal," says Walton.The soybeans are then loaded onto a barge on the Mississippi, shipped down river and eventually arrive in China, where a growing middle class has an insatiable appetite for all things soy. "They use it mainly for animal feed, and also, they crush the oil out of it and use it for cooking," says Walton.Soybeans are by far the number one food and beverage export of the United States, bringing in billion a year.So, when the White House announced 25 percent tariffs on some Chinese imports, China struck back, placing a 25 percent tariff on U.S. grown soybeans in retaliation."Using soybeans as a negotiating tool is something the Chinese understood,” says Walton. “They knew that that's one of our largest exports, so it made sense for them to target soybeans."As a result of that, and other instabilities in the market, the price of soybeans has tumbled.“It's not fun to be a pawn in this," expresses Walton.It's not just exports like soybeans feeling the pain of the tariffs. Just across the river from Iowa in Moline, Illinois is home to John Deere.The farming equipment maker says if tariffs on steel imports cost more to make its iconic green and yellow machinery, it'll charge more.John Deere says it's determined to protect profits, which topped billion in the second quarter alone this year. It is cranking out equipment at a dizzying pace, with sales up 34 percent over last year.Those rising equipment costs also hit farmers.Walton says he doesn’t blame the president alone.“There's a bunch of moving pieces in trade."There was already somewhat of a restriction for U.S. beans going into China." Walton is now working other world markets to find a solution. He just returned from Europe, where there's a growing demand for soy as well."I would say my mindset has always been outside my own farm gate," Walton says. 2512
Not since 2005 has the Atlantic basin seen so many storms in a hurricane season. The year 2020 now eclipses the old record, with at least 12 of those storms making landfall this year in the U.S. alone.“Those two years are quite similar. They are anomalies,” said Lewis Link, a professor at the University of Maryland who studies hurricanes.An increasing number of hurricanes are becoming major ones, which means their wind speed falls into a Category 3 hurricane or higher.“Partially, it could be attributed to warming, higher sea surface temperatures, which are the fuel for generating hurricanes,” Link said.It’s not just coastal areas that bear the brunt of concern during hurricanes. More and more often, the effects from these storms may hit the coast first, but they are being felt far more inland and in many more states than ever before.A recent map put together by the National Hurricane Center showed all the counties impacted by hurricanes and tropical storm winds this year. The effects of those storms reached inland states like Arkansas, Tennessee, West Virginia and Vermont.Yet, the effects from these storms go beyond just high winds.“The biggest problem we have is with flooding, is inland flooding,” Link explained. "And some of that is attributed to tropical systems that continue to dump a lot of rain, long after they cross the shoreline.”That’s an issue, he said, because many areas don’t have the infrastructure in place to deal with the heavy, quick downpours that are associated with tropical systems.“Not only are they old, but they’re just not up to the task. That’s a serious problem. How do you change that?” Link said. “We’re not set up well to change our infrastructure based on changing conditions.”It is a change that may have some communities rethinking exactly what it means to be in a hurricane zone.While the official hurricane season runs from June 1 through November 30, occasionally some tropical storms do develop outside those dates, including some that formed this year in May. Despite that, experts say there are no moves at the moment to expand the dates of the hurricane season. 2132
Oprah Winfrey first bought Weight Watchers stock in October 2015 for .5 million. Her investment is now worth more than 0 million.Not too shabby, huh? Winfrey's decision to invest in Weight Watchers nearly two and a half years ago has turned out to be a great move for her — and anyone else who bought the stock when Winfrey did and has been along for the ride ever since.Weight Watchers has pretty consistently reported earnings and sales that topped forecasts over the past few quarters, as well as big gains in subscribers. Weight Watchers did so again late Thursday, and the stock surged 5% on Friday as a result.Winfrey, who is also on the company's board and is featured in Weight Watchers ads, clearly deserves some credit for that.Weight Watchers has also benefited from its new Freestyle program, which expands the company's famous "zero points" offerings beyond fruits and vegetables to eggs, beans, chicken and seafood.CEO Mindy Grossman, who took over the top spot at Weight Watchers last year after a long stint as the head of retailer HSN, is also doing a great job convincing people that it's not just about counting calories, points and pounds.Grossman told analysts on a conference call in late February that "healthy is the new skinny," and she made a similar point after Thursday's earnings report."Our purpose is to inspire healthy habits for real life for people, families, communities, the world," Grossman said. She added that "we want to own the healthy kitchen" and "make healthy cooking accessible to everyone."That strategy is clearly working. The company has attracted more men lately because of the new Freestyle offering. Actor and writer Kevin Smith, celebrity chef Eric Greenspan and music mogul DJ Khaled are all endorsing Weight Watchers.But as the stock price of Weight Watchers has climbed, Winfrey has actually taken some of her Weight Watchers chips off the table recently.She still owns nearly 5.5 million shares. But she sold about 2 million in March at prices ranging from about to a share. She made 0 million in the process.Winfrey also donated more than 360,000 shares to her charitable organization.Investors aren't worried about the stock sales, though. Weight Watchers shares were trading around Friday and are up an astonishing 70% this year. Winfrey invested in the stock when it was trading for less than .If this whole media mogul/actress thing doesn't work out for Winfrey, it looks like she could be a top notch hedge fund manager or venture capitalist. 2541
On Monday, Johns Hopkins University reported that the U.S. had recorded its 6 millionth confirmed case of COVID-19 — another grim milestone in a pandemic that continues to ravage the country like no other nation across the planet.Though the daily number of new cases has fallen in recent days, the U.S. still has more than 2 million more confirmed cases than any other country. The U.S. also has the most COVID-19 deaths with more than 180,000.Despite falling case numbers, the U.S. is still reporting more than 40,000 new cases of COVID-19 each day — which currently ranks as the second-highest in the world, behind India.For the past month, deaths per day linked to COVID-19 have held fairly consistent, peaking at 1,000 per day while falling to a few hundred on weekends. The U.S. currently ranks fourth among all countries with about 56 COVID-19 deaths per 100,000 people.According to a model produced by the Institute for Health Metrics and Evaluation at the University of Washington — a model often cited by the White House — a projected 300,000 Americans will die of COVID-19 by December if current policies remain in place. 1139
On social media, Nikolas Cruz did not appear to be a peaceful man. He made quite clear his desire to perpetrate the exact type of violence of which he now stands accused.Before he allegedly committed one of the worst mass shootings in US history at a Parkland, Florida, high school on Wednesday, police officials say Cruz wrote social media posts so threatening he was twice reported to the FBI.He hurled slurs at blacks and Muslims, and according to the Anti-Defamation League, had ties to white supremacists. He said he would shoot people with his AR-15 and singled out police and anti-fascist protesters as deserving of his vengeance. Just five months ago, he stated his aspiration to become a "professional school shooter."Yet on the morning of the massacre, the family that took the 19-year-old into their home didn't notice anything terribly strange about the young man's behavior, the family's attorney said Thursday.The only thing abnormal was that he didn't get up for his adult GED class. Normally, the father would take him to class on the way to work, but when they tried to wake Cruz up Wednesday, he said something like, "It's Valentine's Day. I don't go to school on Valentine's Day," according to the lawyer."They just blew it off," attorney Jim Lewis said. "This is some 19-year-old that didn't want to get up and go to school that day, and (they) left it at that."The family took Cruz in last year after his adoptive mother died. Cruz was depressed, Lewis said. The family's son knew Cruz, so they opened their home, got him into a GED class and helped him get a job at a Dollar Tree, the lawyer said."He seemed to be doing better," Lewis said.Prior to the mass shooting that left 17 adults and children dead at Marjory Stoneman Douglas High School, Cruz had exchanged texts with the son, who was a student there.Lewis characterized the texts as, "How you doing? What's going on? Yo, you coming over later?" That kind of stuff. Nothing to indicate anything bad was going to happen."Cruz had a gun. The family knew that, but they had established rules. He had to keep it in a lockbox in his room. Cruz had the key to the lockbox, the attorney said."This family did what they thought was right, which was take in a troubled kid and try to help him, and that doesn't mean he can't bring his stuff into their house. They had it locked up and believed that that was going to be sufficient, that there wasn't going to be a problem. Nobody saw this kind of aggression or motive in this kid, that he would ever do anything like this," Lewis said. Writing on the wall? 2590