logo
Trump takes direct aim at New Brunswick company

Trump takes direct aim at New Brunswick company

National Post08-07-2025
U.S. President Donald Trump has posted a video to social media that takes direct aim at New Brunswick-based Cooke Inc., suggesting it's 'pillaging' fish from American waters.
Article content
The video dredges up a fight over the fishing of Atlantic menhaden, a small baitfish, in Chesapeake Bay along the coastline of six east coast states.
Article content
The concerns aren't new. Earlier this year, a U.S. court dismissed a longstanding lawsuit against Cooke over foreign ownership allegations.
Article content
Article content
And again the company is rejecting claims.
Article content
Article content
'The generations to come will not have fishermen,' states one U.S. fish captain in the video.
Article content
'Two-thirds of the total amount of catch for the entire Atlantic coast is being removed by a Canadian company,' another rep continues.
Article content
The video, posted to Trump's Truth Social account, the social media platform he owns, appears to be crafted by the president's staff.
Article content
It highlights a call for executive order from the Trump administration 'to end this complete ecological and economic disaster.'
Article content
'Ending industrial bait fishing in the Atlantic and Gulf of America would be the single most significant presidential action ever to elevate the U.S. fishing economy,' it states, using the administration's preferred name for the Gulf of Mexico.
Article content
Article content
Article content
Trump did sign an executive order in April that openly alleged unfair trading practices from foreign partners, though without specifics.
Article content
That said, it didn't say anything directly about ending industrial bait fishing.
Article content
It did call for, among several other things, a review of all geographic limits on commercial fishing, including protected areas, within 180 days of the order.
Article content
It's unclear if the video signals new details.
Article content
The video posted by Trump doesn't actually name Cooke, but details past allegations surrounding the company.
Article content
Those appeared to be put to bed earlier this year, when a U.S. judge fully dismissed a lawsuit against Cooke that alleged the seafood company was using shell companies to skirt American fishing laws.
Article content
It stemmed from Cooke's purchase of Virginia-based Omega Protein in 2017.
Omega is affiliated with another company, American-owned Ocean Fleet Services and Ocean Harvesters, that operates a menhaden fishery in Chesapeake Bay.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

As hurricane season collides with immigration agenda, fears increase for those without legal status
As hurricane season collides with immigration agenda, fears increase for those without legal status

Winnipeg Free Press

timean hour ago

  • Winnipeg Free Press

As hurricane season collides with immigration agenda, fears increase for those without legal status

If a major hurricane approaches Central Florida this season, Maria knows it's dangerous to stay inside her wooden, trailer-like home. In past storms, she evacuated to her sister's sturdier house. If she couldn't get there, a shelter set up at the local high school served as a refuge if needed. But with aggressively accelerating detentions and deportations of immigrants across her community of Apopka, 20 miles (32 kilometers) northwest of Orlando, Maria, an agricultural worker from Mexico without permanent U.S. legal status, doesn't know if those options are safe. All risk encountering immigration enforcement agents. 'They can go where they want,' said Maria, 50, who insisted The Associated Press not use her last name for fear of detention. 'There is no limit.' Natural disasters have long posed singular risks for people in the United States without permanent legal status. But with the arrival of peak Atlantic hurricane season, immigrants and their advocates say President Donald Trump's militaristic immigration enforcement agenda has increased the danger. Places considered neutral spaces by immigrants such as schools, hospitals and emergency management agencies are now suspect, and agreements by local law enforcement to collaborate with U.S. Immigration and Customs Enforcement make them more vulnerable, choosing between physical safety or avoiding detention. 'Am I going to risk the storm or risk endangering my family at the shelter?' said Dominique O'Connor, an organizer at the Farmworker Association of Florida. 'You're going to meet enforcement either way.' For O'Connor and for many immigrants, it's about storms. But people without permanent legal status could face these decisions anywhere that extreme heat, wildfires or other severe weather could necessitate evacuating, getting supplies or even seeking medical care. Federal and state agencies have said little on whether immigration enforcement would be suspended in a disaster. It wouldn't make much difference to Maria: 'With all we've lived, we've lost trust.' New policies deepen concerns Efforts by Trump's Republican administration to exponentially expand immigration enforcement capacity mean many of the agencies active in disaster response are increasingly entangled in immigration enforcement. Since January, hundreds of law enforcement agencies have signed 287(g) agreements, allowing them to perform certain immigration enforcement actions. Most of the agreements are in hurricane-prone Florida and Texas. Florida's Division of Emergency Management oversees building the state's new detention facilities, like the one called 'Alligator Alcatraz' in the Everglades. Federal Emergency Management Agency funds are being used to build additional detention centers around the country, and the Department of Homeland Security temporarily reassigned some FEMA staff to assist ICE. The National Guard, often seen passing out food and water after disasters, has been activated to support U.S. Customs and Border Protection operations and help at detention centers. These dual roles can make for an intimidating scene during a disaster. After floods in July, more than 2,100 personnel from 20 state agencies aided the far-reaching response effort in Central Texas, along with CBP officers. Police controlled entry into hard-hit areas. Texas Department of Public Safety and private security officers staffed entrances to disaster recovery centers set up by FEMA. That unsettled even families with permanent legal status, said Rae Cardenas, executive director of Doyle Community Center in Kerrville, Texas. Cardenas helped coordinate with the Mexican Consulate in San Antonio to replace documents for people who lived behind police checkpoints. 'Some families are afraid to go get their mail because their legal documents were washed away,' Cardenas said. In Florida, these policies could make people unwilling to drive evacuation roads. Traffic stops are a frequent tool of detention, and Florida passed a law in February criminalizing entry into the state by those without legal status, though a judge temporarily blocked it. There may be fewer places to evacuate now that public shelters, often guarded by police or requiring ID to enter, are no longer considered 'protected areas' by DHS. The agency in January rescinded a policy of President Joe Biden, a Democrat, to avoid enforcement in places like schools, medical facilities and emergency response sites. The fears extend even into disaster recovery. On top of meeting law enforcement at FEMA recovery centers, mixed-status households that qualify for help from the agency might hesitate to apply for fear of their information being accessed by other agencies, said Esmeralda Ledezma, communications associate with the Houston-based nonprofit Woori Juntos. 'Even if you have the right to federal aid, you're afraid to be punished for it,' Ledezma said. In past emergencies, DHS has put out messaging stating it would suspend immigration enforcement. The agency's policy now is unclear. DHS Assistant Secretary Tricia McLaughlin said in an email that CBP had not issued any guidance 'because there have been no natural disasters affecting border enforcement.' She did not address what directions were given during CBP's activation in the Texas floods or whether ICE would be active during a disaster. Florida's Division of Emergency Management did not respond to questions related to its policies toward people without legal status. Texas' Division of Emergency Management referred The Associated Press to Republican Gov. Greg Abbott's office, which did not respond. Building local resilience is a priority In spite of the crackdown, local officials in some hurricane-prone areas are expanding outreach to immigrant populations. 'We are trying to move forward with business as usual,' said Gracia Fernandez, language access coordinator for Alachua County in Central Florida. The county launched a program last year to translate and distribute emergency communications in Spanish, Haitian Creole and other languages. Now staffers want to spread the word that county shelters won't require IDs, but since they're public spaces, Fernandez acknowledged there's not much they can do if ICE comes. 'There is still a risk,' she said. 'But we will try our best to help people feel safe.' As immigrant communities are pushed deeper into the shadows, more responsibility falls on nonprofits, and communities themselves, to keep each other safe. Hope Community Center in Apopka has pushed local officials to commit to not requiring IDs at shelters and sandbag distribution points. During an evacuation, the facility becomes an alternative shelter and a command center, from which staffers translate and send out emergency communications in multiple languages. For those who won't leave their homes, staffers do door-to-door wellness checks, delivering food and water. 'It's a very grassroots, underground operation,' said Felipe Sousa Lazaballet, the center's executive director. Preparing the community is challenging when it's consumed by the daily crises wrought by detentions and deportations, Sousa Lazaballet said. 'All of us are in triage mode,' he said. 'Every day there is an emergency, so the community is not necessarily thinking about hurricane season yet. That's why we have to have a plan.' ___ Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of the AP's philanthropy coverage, visit

Fed's July minutes could reveal whether there was broader consensus for rate cuts
Fed's July minutes could reveal whether there was broader consensus for rate cuts

Globe and Mail

timean hour ago

  • Globe and Mail

Fed's July minutes could reveal whether there was broader consensus for rate cuts

Last month's decision by the U.S. Federal Reserve to hold interest rates unchanged prompted dissents from two top central bankers who wanted to lower rates to guard against further weakening of the job market, and a readout of that two-day gathering on Wednesday could show whether their concerns had started to resonate with other policymakers, perhaps reinforcing expectations that borrowing-cost reductions could begin next month. Not even 48 hours after the conclusion of the July 29-30 Federal Open Market Committee meeting, data from the Labor Department appeared to validate the concerns of Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller when it showed far fewer jobs than expected were created in July, the unemployment rate ticked up and the labor force participation rate slid to its lowest since late 2022. More unsettling, though, was an historic downward revision for estimates of employment in the previous two months. That revision erased more than a quarter of a million jobs thought to have been created in May and June and put a hefty dent in the prevailing narrative of a still-strong-job market. The event was so angering to President Donald Trump that he fired the head of the Bureau of Labor Statistics. Opinion: The real reason behind the U.S. job revisions and why Trump's firing of the BLS commissioner is utter nonsense Data since then, however, has provided some fodder for the camp more concerned that Trump's aggressive tariff regime risks rekindling inflation to hold their ground against moving quickly to lower rates. The annual rate of underlying consumer inflation accelerated more than expected in July and was followed by an unexpectedly large jump in prices at the producer level. 'The minutes to the July Federal Open Market Committee will give a more nuanced sense of the split on the committee between the majority that voted to leave rates on hold and the dovish bloc led by dissenting Governors Miki Bowman and Christopher Waller,' analysts at Oxford Economics wrote ahead of the minutes release, set for 2 p.m. ET (1800 GMT) on Wednesday. 'However, the minutes are more stale than usual since they predate the revised payroll figures, which prompted a rapid repricing of the probability of a September rate cut.' Heading into the release of the minutes, CME's FedWatch tool assigns an 85 per cent probability of a quarter-point reduction in the Fed's policy rate from the current range of 4.25-to-4.50 per cent, where it has remained since December. Another reason the minutes may feel stale on arrival is they come just two days before a highly anticipated speech from Fed Chair Jerome Powell at the annual economic symposium near Jackson Hole, Wyoming, hosted by the Federal Reserve Bank of Kansas City. Powell's keynote speech on Friday morning - set to be his last Jackson Hole address as Fed chair with his term expiring next May - could show whether Powell has joined ranks with those sensing the time has come for steps to shield the job market from further weakening or if he remains in league with those more wary of inflation in light of its moves away from the central bank's 2 per cent target. The lack of Fed rate reductions since Trump returned to the White House has agitated the Republican president, and he regularly lashes out at Powell for not engineering rate cuts. Trump is already in the process of screening possible successors to Powell and after the unexpected resignation earlier this month of one of the seven Board of Governors members, he has a chance to put his imprint on the Fed soon. He has nominated Council of Economic Advisers Chair Stephen Miran to fill the seat vacated by Adriana Kugler, a term that expires at the end of January. It is unclear whether Miran will win Senate confirmation before the Fed's September 16-17 meeting.

RBC Capital Keeps Their Buy Rating on Wix (WIX)
RBC Capital Keeps Their Buy Rating on Wix (WIX)

Globe and Mail

timean hour ago

  • Globe and Mail

RBC Capital Keeps Their Buy Rating on Wix (WIX)

In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Wix, with a price target of $210.00. The company's shares closed yesterday at $128.77. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Meta Platforms. According to TipRanks, Erickson has an average return of 22.3% and a 60.45% success rate on recommended stocks. In addition to RBC Capital, Wix also received a Buy from Citizens JMP's Andrew Boone in a report issued yesterday. However, on August 14, TR | OpenAI – 4o reiterated a Hold rating on Wix (NASDAQ: WIX). WIX market cap is currently $6.92B and has a P/E ratio of 46.34.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store