The 113th Annual New York Boat Show starts January 24th. The annual boat show serves as an education and business experiences for companies across the industry. This year's show is ripe with new models, interactive and educational activities for kids, and of course, lots of great tech.
To celebrate the show contributors to the show rang the NYSE closing bell. Included in that group was Thom Dammrich, President of the National Marine Manufacturers Association. Dammrich joins Cheddar to preview the annual show.
Technology has a strong presence at this year's show. Dammrich says autonomous boats are not all that far away. He also discusses the Watercar. The amphibious vehicle runs on both land and water.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
