Highlights:

Recalling…

Flowers Foods, Inc. out of Thomasville, Georgia, is voluntarily recalling hamburger and hot dog buns along with other baked products due to the potential presence of small pieces of hard plastic that may have been introduced during production. The plastic pieces could pose a choking hazard. Brands include Nature’s Own, Sunbeam, Wonder, Publix, Piggly Wiggly, SE Grocers, Target’s Market Pantry and Walmart’s Great Value. The recalled products were distributed under a variety of names to retailers in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Missouri, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia and West Virginia. Customers who bought items on the recall list are advised to either discard or return the items to the place purchased for a full refund.

You Smell Nice…

Teen apparel retailer American Eagle Outfitters is getting into the booming CBD business. Ohio-based cannabis company Green Growth Brands announced it has struck a deal with American Eagle to begin selling its CBD-infused body-care products, including muscle balms and lotions, in nearly 500 of American Eagle’s stores and online. The products should roll out in October. The move comes as apparel retailer Abercrombie, announced last month its plans to sell GGB’s products in more than 160 stores across the U.S. CBD doesn’t get users high like THC, another cannabis compound. Still, regulators worry about possible unintended consequences of marketing cannabis products to minors. American Eagle shares are down about 14% this year.

Markets:
Asia: Asia markets mostly rose on Thursday after U.S. Federal Reserve Chairman Jerome Powell signaled the U.S. central bank could be cutting interest rates soon.
Europe: European shares dipped Wednesday ahead of U.S. Federal Reserve Chair Jerome Powell’s two-day testimony where investors will look for signs of an interest-rate cut later this month.
U.S: U.S. stocks reached record highs Wednesday after testimony from Federal Reserve Chair Jerome Powell bolstered the case for easier monetary policy. DJIA: +76.71 26,860.20 NASDAQ: +60.80 8,203.53 S&P: +13.44 2,993.07

Word Of The Day:

The Federal Reserve System (also known as the Federal Reserve or the Fed)

The Federal Reserve is the US’s Central Bank. It was created on December 23, 1913, as a response to a series of financial panics. The System consists of a seven member Board of Governors based in Washington, D.C., and twelve Reserve Banks located in major cities throughout the US. The members of the board and the twelve Reserve Banks meet monthly to determine the country’s monetary policy at the FOMC meetings.

Dinner or Drink:

The Federal Reserve System (also known as the Federal Reserve or the Fed)

The Federal Reserve is the US’s Central Bank. It was created on December 23, 1913, as a response to a series of financial panics. The System consists of a seven member Board of Governors based in Washington, D.C., and twelve Reserve Banks located in major cities throughout the US. The members of the board and the twelve Reserve Banks meet monthly to determine the country’s monetary policy at the FOMC meetings.