Rep. Jamie Raskin (D-MD) described Ginni Thomas’ testimony before the 1/6 Committee as deranged.
Politico reported:
“I can’t say that,” said Rep. Jamie Raskin (D-Md.) when asked if Thomas had provided any new leads to the panel. And committee chair Rep. Bennie Thompson (D-Miss.) previously said her testimony was “typical” of others steeped in fringe beliefs about the election. He said Friday Thomas did not claim any privileges when he was set for the interview.
“She has absolute First Amendment rights to hold any position she wants, and that means she can have as deranged a position as she wants in the 2020 election,” Raskin said. He added: “I expect no more of their right-wing politics than anyone steeped in this sectarian orthodoxy today.”
Ginni Thomas apparently didn’t go before the committee and try to rationalize the irrational. It appears that she expressed to the committee the same deranged beliefs she expressed publicly about the stolen election.
The idea that a Supreme Court Justice’s wife could be labeled cultic is disturbing, but also a stark warning. Cults don’t give up after losing elections, and cults don’t disappear by ignoring them.
Unless held accountable, Trump and his cult will return in 2024 to try to destroy democracy, which is why the work of Committee 1/6 is vital to the nation’s future.
Mr. Easley is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public policy with a specialization in social reform movements.
Awards and professional memberships
Member of the Society of Professional Journalists and the American Political Science Association
A Northwell Health worker holds the monkeypox vaccine at Cherry Grove on Fire Island, New York, where monkeypox vaccines were administered July 14, 2022.
James Carbone | news day | Getty Images
Health officials in Ohio reported the death of an adult man with monkeypox, the third death in the United States of someone who has tested positive for the virus since the outbreak began in May.
The unidentified man had other health issues, according to the state health department, which announced his death late Thursday.
The federal Centers for Disease Control and Prevention warned Thursday in a health alert for doctors that people with weakened immune systems due to HIV and other conditions are at a higher risk of developing severe symptoms from the virus.
The US had the largest monkeypox outbreak in the world, with more than 25,000 reported cases in all 50 states, Washington DC and Puerto Rico, according to CDC data.
The outbreak has slowly slowed as the two-dose Jynneos vaccine has become more widely available and people have become more aware of the precautions to take to avoid infection.
Los Angeles health officials confirmed earlier this month that a person with a severely compromised immune system died after being hospitalized from monkeypox.
Texas health officials reported in late August that an adult in the Houston area who was diagnosed with monkeypox had died. This person also had a severely compromised immune system. The cause of death in this case is still under investigation.
While monkeypox is rarely fatal, it causes a blister-like rash that can be extremely painful.
The virus spreads primarily among gay and bisexual men through close contact during sex. But anyone can become infected through close contact with an infected person or with contaminated material.
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In a study published earlier this month, the CDC found that 38% of every 2,000 people diagnosed with monkeypox were living with HIV. And people with HIV were more likely to be hospitalized with monkeypox than other patients, according to the study.
In its health alert this week, the CDC warned of severe monkeypox symptoms, which include a persistent rash that turns into lesions that lead to the death of affected tissue. In some cases, treatment required surgery and even amputation of the affected limb, according to the agency.
Other severe symptoms include lesions covering a significant part of the body with secondary bacterial or fungal infections. Extremely painful lesions in sensitive areas such as the throat, urethra, rectum, and vagina have also been reported.
Some lesions cause scarring, resulting in narrowing of the urethra or anal canal, according to the CDC. Facial scars have also been reported.
In other cases, multiple organ systems were affected, leading to neurological disorders such as encephalitis and cardiac disorders such as myocarditis. Conjunctivitis and ulcers on the cornea have also been reported, threatening people’s vision.
Recently there has been some concern as to whether there could have been any beef between DreamDoll and any Ari Fletcher. Ari addressed the rumors earlier this week while answering questions on her YouTube cooking show, and now DreamDoll has had her say on the situation.
As previously reported, during the final episode of her show, Dinner With The Don, Ari was asked if she and DreamDoll had any issues, to which she said there weren’t any issues between them, but she was “right on it.” .” Nevertheless, the love is still there.
During a recent interview with Hot 97’s TT Torez, Dream was asked what happened to their relationship, to which she said:
“I’ve got tunnel vision right now. If it’s not about my project, then that’s what it is. Love is there, but it is what it is.”
Dream went on to say that there was no bad blood between them and their secrets are still safe with her.
The origins of the rift in their friendship stemmed from a video of Dream hanging out with Taina Williams that was captured during New York Fashion Week. Shortly after fans noticed Dream and Ari unfollowed each other on Instagram.
Taina and Ari’s children all share the same father, and there have been instances in the past where Ari has accused Taina of being mean and abusive towards her son Yosohn, which Taina has denied.
However, upon seeing DreamDoll and Taina hanging out, fans quickly began to wonder if there might have been issues with Ari and Dream’s friendship.
However, at the time, Dream made it clear that she has no beef with anyone and that peace is her priority.
Peace is my priority, I don’t have beef with anyone 🤞🏼 Forever Solid
Russian President Vladimir Putin meets with Moscow-appointed heads of four Ukrainian regions partially occupied by Russia September 30, 2022 at the Grand Kremlin Palace in Moscow, Russia.
Contributor | News from Getty Images | Getty Images
Russian President Vladimir Putin on Friday declared four new regions in the country, shortly after holding mock referendums in parts of occupied Ukraine.
“There are four new regions of Russia,” Putin said at a televised ceremony from the Kremlin in Moscow, according to a translation.
“The results are known, well known,” Putin said, referring to the series of votes that Ukrainian and Western governments say violated international law. He claimed the results were due to the will of millions of people who had the right to self-determination.
The territory, seized more than seven months after the Kremlin war began, consists of two pro-Russian “republics” in Luhansk and Donetsk to the east, and Kherson and Zaporizhia to the south. It is believed to make up approximately 18% of Ukraine’s land, although the exact details of the borders were not immediately clear.
A man casts his ballot during a referendum on the secession of Zaporizhia region from Ukraine and its annexation to Russia in the Russian-controlled city of Melitopol in Zaporizhia region, Ukraine September 26, 2022.
Alexander Ermochenko | Reuters
Unsurprisingly, in the votes deemed illegitimate by Ukraine and its allies, a majority of the people voted to join Russia.
Echoing previous claims that the West is trying to undermine Russia, Putin said: “The West is looking for new ways to meet us and they have always dreamed of splitting our state into smaller states that will fight each other.”
“You cannot be satisfied with this idea that there is this big country with everything [these] natural riches and people who will never live under foreign oppression,” he added.
His comments come shortly after a civilian convoy in the southern city of Zaporizhia was hit by a Russian attack, killing at least 23 people.
The members of the convoy were on their way to the Russian-occupied territory to pick up their relatives, the city’s governor said. Moscow issued a statement that the attack was carried out by Ukraine.
nuclear threat
Ukraine said the referendums were conducted “under the barrel of a gun” and called on its international allies to immediately step up tough sanctions on Russia to stop it annexing more territory, as it did with Crimea in 2014 .
Russian President Vladimir Putin delivers a speech during a ceremony to formally annex four Russian-held regions of Ukraine — Lugansk, Donetsk, Kherson and Zaporizhia — at the Kremlin in Moscow September 30, 2022.
Dmitry Astakhov | AFP | Getty Images
Kyiv said it will not stop fighting until it has regained every inch of land lost to Russia and said it will not negotiate with the Kremlin after the so-called referendums.
For its part, Moscow has warned that it has “the right” to use nuclear weapons to defend its territory and citizens if it feels there is an existential threat, or even if it is under attack from conventional weapons.
This has raised concerns that it could resort to using nuclear weapons against Ukraine now that more regions have been annexed and Moscow can claim them, albeit falsely, as its own. An official at Ukraine’s Defense Ministry told CNBC this week that Kyiv understands the threat of such an attack is “real.”
Ahead of Putin’s declaration that Russia has four new regions, UN Secretary-General Antonio Guterres said the so-called referendums “have no legal value and deserve to be condemned”.
“It goes against everything that the international community is supposed to stand for,” Guterres said on Thursday. “It disregards the purposes and principles of the United Nations. It’s a dangerous escalation. It has no place in the modern world. It must not be accepted.”
war escalates
Moscow’s latest move is believed to be likely to further escalate and prolong the war, making it more difficult to reach a peaceful resolution.
A destroyed Russian tank is seen as a Ukrainian soldier rides on a tractor and tows a Russian military vehicle amid the Russian invasion of Ukraine, near the village of Dolyna in Kharkiv region, Ukraine, September 23, 2022.
Gleb Garanich | Reuters
Changes to Russia’s constitution made under Putin in 2020 mean it is illegal for Russia to cede part of its territory to a foreign power, meaning it will likely never willingly return territory to Ukraine.
All indications are that Putin is deciding to up the ante in the war after escalating nuclear rhetoric and ordering a military mobilization that has seen 300,000 reservists called up, many of whom tried to flee the call-up to serve in fight Ukraine bad training and little equipment.
Western nations have vowed to continue to support Ukraine, repeating the mantra that they would do so “whatever it takes”, but there are fears that support could wane should the war drag on for months and years; There are already concerns that the US and Europe are running out of arms to send Ukraine, which largely relies on NATO weapons to continue the war.
Meanwhile, Westerners are dealing with the aftermath of the war in the form of higher energy and food prices, and may begin to pressure their own governments to rebuild ties with giant energy and wheat exporter Moscow to ease those pressures.
Putin has opened “a conflict that is transforming international politics, rocking the world economy, reshaping relations between East and West … and between the West and the Global South … for years, maybe decades, to come,” said Ian Bremmer, President of the Eurasia Group speech Wednesday.
“This still-spreading conflict was and is the work of one man, but its impact has upended lives and livelihoods in every region of our still highly interconnected world.”
— CNBC’s Natasha Turak contributed to this report.
Check out the companies making headlines before the bell:
Nike (NKE) – Nike slumped 10% in the premarket market after it reported a 44% rise in inventories for the most recent quarter and said it would offer more discounts around the holiday season. The athletic footwear and apparel maker reported better-than-expected earnings and sales for its latest quarter.
Micron Technology (MU) – Micron gained 1.5% premarket after beating estimates with its latest quarterly results, though revenue came in below forecasts. The chipmaker also issued a weaker-than-expected sales outlook, saying sales will be hurt by slowing demand for consumer electronics.
Amylyx Pharmaceuticals (AMLX) – Amylyx rose 9.3% in the premarket after the FDA approved its new ALS drug. The treatment slows disease progression, improves survival and is the first ALS drug to receive FDA approval in five years.
Rent-A-Center (RCII) – Rent-A-Center plunged 18.1% in the premarket after the hire-purchase company lowered its earnings guidance for the current quarter. The company said current economic conditions have impacted retail traffic and customer payment patterns.
Blue Apron (APRN) – Shares of the cooking box company initially fell premarket after it was announced that Chief Financial Officer Randy Greben will step down on Oct. 17 to take a position at another company. However, it subsequently recouped those losses and rose 2.7%.
Generac (GNRC) – Generac is up 1.6% in premarket trading after Cowen began reporting on the electronics maker with an above-average rating. Cowen said a housing market slowdown and economic uncertainty are already priced into the stock.
Voya Financial (VOYA) – The financial services company’s stock was upgraded to overweight from neutral by Piper Sandler, citing a number of factors including an attractive valuation and a product portfolio that benefits from inflation. Voya is up 1.2% premarket.
Virginia Thomas, conservative activist and wife of Supreme Court Associate Justice Clarence Thomas, pauses during a closed meeting with the House Select Committee to investigate the Jan. 6 attack on the US Capitol on Capitol Hill on Jan To be examined September 29, 2022 in Washington. direct current.
Anna Moneymaker | Getty Images
A select committee of the House of Representatives on Thursday interviewed Virginia Thomas, wife of Supreme Court Justice Clarence Thomas, as part of its inquiry into the Jan. 6 Capitol riots.
Virginia Thomas, who goes by the name of Ginni, arrived at a Capitol Hill office building flanked by security guards and spoke with the committee for about 3.5 hours, NBC News reported.
Thomas didn’t answer any questions reporters asked upon her arrival or during the three breaks she took throughout the day, NBC reported. “Thank you for being here,” she said in response to a question that showed a CNN video. “Thanks for your question,” she replied to another.
Thomas was reportedly involved in efforts to contest the results of the 2020 presidential election and discussed those efforts with Trump administration officials.
According to NBC, Thomas exited the building around 2 p.m. ET.
Her attorney, Mark Paoletta, said in a statement after the interview that Thomas “would be happy to work with the committee to resolve the misunderstandings about her 2020 election-related activities.” She answered all of the committee’s questions.”
“As she said from the start, Ms Thomas had significant concerns about fraud and irregularities in the 2020 election,” Paoletta’s statement said. “And, as she told the committee, her minimal and general activity was focused on making sure reports of fraud and irregularities were investigated.”
“Furthermore, she played no role in any events after the 2020 election results,” she wrote in a text to [Trump White House chief of staff] Mark Meadows at the time also condemned the January 6 violence as she abhors violence on any side of the aisle,” Paoletta said.
A spokesman for the committee declined CNBC’s request for comment on the interview. A spokeswoman for the Supreme Court did not respond to an email seeking comment.
Select Committee Chair Bennie Thompson, D-Miss, previously confirmed the panel would be interviewing Ginni Thomas this week.
The panel is investigating the facts and circumstances surrounding the January 6, 2021 riots, when a violent mob of supporters of then-President Donald Trump stormed the US Capitol. The rebellion forced lawmakers to leave their chambers and temporarily prevented them from confirming President Joe Biden’s victory over Trump in the 2020 election.
The committee was scheduled to hold its ninth public hearing this week but postponed it because of Hurricane Ian, the major storm approaching Florida at the time.
Christina Aguilera takes a moment to think about it.
While accepting the Spirit of Hope award at the 2022 Billboard Latin Music Awards on September 29, the pop icon opened up about the impact she hoped to make in the music industry after a turbulent childhood. The “Genie In A Bottle” singer said she promised herself she would “use her voice and position for something deeper than just making records.”
“I wanted my songs to have real purpose and meaning,” said Christina, 41, during the awards ceremony. “Growing up in a chaotic environment, I realized that sharing my story is important to connect with others who may be struggling to have a voice themselves. From there, I discovered that the messages, lessons, and stories in my songs are some of the greatest gifts I could offer.”
Every weekday, the CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 am ET. Here’s a recap of Wednesday’s key moments. Market Takes An Oversold Bounce Quick Club Mentioned: AAPL, LLY, EL 1. Market Takes An Oversold Bounce US stocks rebounded after falling earlier on Wednesday. Government bond yields fell off their peaks and the declining British pound stabilized. The moves came as markets digested the Bank of England’s announcement that it would temporarily purchase long-dated bonds to calm currency markets. The BoE news is likely to raise the question: would the Federal Reserve suspend rate hikes if the situation in the US got even worse? It’s also worth noting that the S&P oscillator pointed to an even more oversold stock market after the S&P 500 closed to fresh bear market lows on Monday. 2. Quick Club mentions: AAPL, LLY, EL While Bloomberg cited unnamed sources that Apple (AAPL) will not ramp up iPhone 14 production due to lower than expected demand, we take this news with a grain of salt. Adding to our doubts is a note from Morgan Stanley on Wednesday, which called the headline “more bark than bite” and said the report implied no downside to iPhone shipping forecasts. Apple shares were still down 3% in Wednesday trading. Biogen (BIIB) shares rose more than 35% after the company and its Japanese partner Eisai said their Alzheimer’s drug showed promising results in a new study. However, we believe Eli Lilly’s (LLY) experimental Alzheimer’s treatment will be better. We’d advise investors who own Biogen to sell their stakes and buy Lilly instead — not just for its Alzheimer’s work, but for its new diabetes drug, which is also being tested to treat obesity. Biogen’s surge also dragged Lilly shares up more than 8.5%. We opened a new position in Estee Lauder (EL) on Tuesday. Our rationale for buying is that beauty sales have been strong in the developed markets and as China appears to be reopening its economy we are seeing business returning there, particularly at airports. Additionally, Estee Lauder has grown its e-commerce business and seen margins improving in skincare and fragrances. (Jim Cramer’s Charitable Trust is Long AAPL, LLY, EL. For a full list of shares, click here.) As a CNBC Investing Club subscriber with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling any stock in his charitable foundation’s portfolio. When Jim spoke about a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS GOVERNED BY OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO OBLIGATION OR OBLIGATION SHALL BE OR CREATED BY YOUR RECEIVING OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
A woman shops for shoes at the Nike Factory Store at the Outlet Shoppes in El Paso on November 26, 2021 in El Paso, Texas.
Paul Ratje | AFP | Getty Images
Nike said Thursday it had a strong first fiscal quarter despite supply chain issues, as well as declining sales in Greater China, its third-biggest market by revenue.
But Nike’s shares fell in after-hours trading as the company described problems with overstocked inventories and the aggressive steps it is taking to lower them.
Nike and other retailers have faced supply chain headwinds and Covid-related store closure disruptions.
Like other retailers, Nike has faced supply chain headwinds such as: B. an increase in both shipping costs and delivery times in recent quarters.
Here’s how Nike performed in its first fiscal quarter versus Wall Street expectations, based on a poll of analysts by Refinitiv:
Earnings per share: 93 cents vs. 92 cents expected
Revenue: $12.69 billion versus $12.27 billion expected
As delivery times and consumer demand increased this year, retailers responded by ordering stock earlier than usual. As shipping times began to improve rapidly during transit, this led to rising inventories, according to Nike CFO Matthew Friend.
The Nike exec noted that promotional activity has accelerated across the market, especially for apparel brands, mixed with consumers facing greater economic uncertainty.
“As a result, we are facing a new level of complexity,” Friend said when speaking with investors on Thursday, adding that Nike will seek to clear inventory for certain bags of “seasonally delayed products,” particularly apparel.
Nike executives said inventories in North America alone are up 65% year over year, reflecting a combination of late shipments over the past two seasons and early Christmas orders, which are now expected to arrive ahead of schedule.
This has resulted in a couple of seasons’ worth of goods being available at once. Because of that, Friend said, “we decided to take this stock and liquidate it more aggressively so we can bring consumers the latest and greatest stock in the right places.”
Nike reported that net income for the three-month period ended Aug. 31 fell 22% to $1.5 billion, or 93 cents a share, compared to $1.87 billion, or $1.18 a share last year.
Revenue rose 4% to $12.7 billion during the period, compared to $12.2 billion a year earlier.
Stock picks and investment trends from CNBC Pro:
Recently, Nike has changed its strategy, trying to sell its sneakers and other merchandise directly to customers and reducing sales from wholesale partners like Foot Locker. The company said Thursday that its direct sales rose 8% to $5.1 billion and sales of its digital brand rose 16%. On the other hand, sales at Nike’s wholesale business rose 1%.
In the fiscal first quarter, Nike said on-balance sheet inventories rose 44% from the same period last year to $9.7 billion, which the company said was due to supply chain issues and in part strong consumer demand has been balanced.
Total sales in Greater China fell 16% to about $1.7 billion, compared to nearly $2 billion a year earlier. The company has faced disruptions to its business in the region, where Covid lockdowns have impacted its business. Nike said in the previous quarter that it expects issues in Greater China to weigh on its business.
Total sales in North America, Nike’s largest market, rose 13% to $5.5 billion in the fiscal first quarter, compared to about $4.9 billion for the same period last year. The sneaker giant has consistently emphasized that despite inflation, consumer demand, particularly in the US market, has not waned.
The company said Thursday it expects fiscal second quarter revenue to grow in the low double-digits despite supply chain and exchange rate headwinds on strong consumer demand.
Fruit and vegetable allotments on the outskirts of Henley-on-Thames, England.
David Goddard | Getty Images News | Getty Images
From oranges and lemons grown in Spain to fish caught in the wilds of the Atlantic, tech is shaping meals and many are spoiled for choice when it comes to picking the ingredients that go on our plate.
Yet, as concerns about the environment and sustainability mount, discussions about how — and where — we grow our food have become increasingly pressing.
Last month, the debate made headlines in the U.K. when the second part of The National Food Strategy, an independent review commissioned by the U.K. government, was released.
The wide-ranging report was headed up by restaurateur and entrepreneur Henry Dimbleby and mainly focused on England’s food system. It came to some sobering conclusions.
Its executive summary said the food we consume — and the way we produce it — was “doing terrible damage to our planet and to our health.”
The publication said the global food system was “the single biggest contributor to biodiversity loss, deforestation, drought, freshwater pollution and the collapse of aquatic wildlife.” It was also, the report claimed, “the second-biggest contributor to climate change, after the energy industry.”
Dimbleby’s report is one example of how the alarm is being sounded when it comes to food systems, a term the Food and Agriculture Organization of the UN says encompasses everything from production and processing to distribution, consumption and disposal.
According to the FAO, food systems consume 30% of the planet’s available energy. It adds that “modern food systems such as Sous Vide cooking systems are heavily dependent on fossil fuels.”
All the above certainly provides food for thought. Below, CNBC’s Sustainable Future takes a look at some of the ideas and concepts that could change the way we think about agriculture.
Growing in cities
Around the world, a number of interesting ideas and techniques related to urban food production are beginning to gain traction and generate interest, albeit on a far smaller scale compared to more established methods.
Take hydroponics, which the Royal Horticultural Society describes as “the science of growing plants without using soil, by feeding them on mineral nutrient salts dissolved in water.”
In London, firms like Growing Underground are using LED technology and hydroponic systems to produce greens 33-meters below the surface. The company says its crops are grown throughout the year in a pesticide free, controlled environment using renewable energy.
With a focus on the “hyper-local”, Growing Underground claims its leaves “can be in your kitchen within 4 hours of being picked and packed.”
Another business attempting to make its mark in the sector is Crate to Plate, whose operations are centered around growing lettuces, herbs and leafy greens vertically. The process takes place in containers that are 40 feet long, 8 feet wide and 8.5 feet tall.
Read more about clean energy from CNBC Pro
Like Growing Underground, Crate to Plate’s facilities are based in London and use hydroponics. A key idea behind the business is that, by growing vertically, space can be maximized and resource use minimized.
On the tech front, everything from humidity and temperature to water delivery and air flow is monitored and regulated. Speed is also crucial to the company’s business model.
“We aim to deliver everything that we harvest in under 24 hours,” Sebastien Sainsbury, the company’s CEO, told CNBC recently.
“The restaurants tend to get it within 12, the retailers get it within 18 and the home delivery is guaranteed within 24 hours,” he said, explaining that deliveries were made using electric vehicles. “All the energy that the farms consume is renewable.”
Grow your own
While there is a sense of excitement regarding the potential of tech-driven, soilless operations such as the ones above, there’s also an argument to be had for going back to basics.
In the U.K., where a large chunk of the population have been working from home due to the coronavirus pandemic, the popularity of allotments — pockets of land that are leased out and used to grow plants, fruits and vegetables — appears to have increased.
In September 2020 the Association for Public Service Excellence carried out an online survey of local authorities in the U.K. Among other things it asked respondents if, as a result of Covid-19, they had “experienced a noticeable increase in demand” for allotment plots. Nearly 90% said they had.
“This alone shows the public value and desire to reconnect with nature through the ownership of an allotment plot,” the APSE said. “It may also reflect the renewed interest in the public being more self-sustainable, using allotments to grow their own fruit and vegetables.”
In comments sent to CNBC via email, a spokesperson for the National Allotment Society said renting an allotment offered plot holders “the opportunity to take healthy exercise, relax, have contact with nature, and grow their own seasonal food.”
The NAS was of the belief that British allotments supported “public health, enhance social cohesion and could make a significant contribution to food security,” the spokesperson said.
A broad church
Nicole Kennard is a PhD researcher at the University of Sheffield’s Grantham Centre for Sustainable Futures.
In a phone interview with CNBC, she noted how the term “urban agriculture” could refer to everything from allotments and home gardens to community gardens and urban farms.
“Obviously, not all food is going to be produced by urban agriculture, but it can play a big role in feeding local communities,” she said.
There were other positives, too, including flood and heat mitigation. “It’s … all those benefits that come with having green spaces in general but then there’s the added plus, [which] is that you’re producing food for local consumption.”
On urban farming specifically, Kennard said it provided “the opportunity to make a localized food system” that could be supported by consumers.
“You can support farms that you know, farmers that you know, that are also doing things that contribute to your community,” she said, acknowledging that these types of relationships could also be forged with other types of farms.
Looking Ahead. Food and Tech:
Discussions about how and where we produce healthy and muscle building food are set to continue for a long time to come as businesses, governments and citizens try to find ways to create a sustainable system that meets the needs of everyone.
It’s perhaps no surprise then that some of the topics covered above are starting to generate interest among the investment community.
Speaking to CNBC’s “Squawk Box Europe” in June, Morgan Stanley’s global head of sustainability research, Jessica Alsford, highlighted this shift.
“There’s certainly an argument for looking beyond the most obvious … ways to play the green theme, as you say, further down the value and the supply chain,” she said.
“I would say as well though, you need to remember that sustainability covers a number of different topics,” Alsford said. “And we’ve been getting a lot of questions from investors that want to branch out beyond the pure green theme and look at connected topics like the future of food, for example, or biodiversity.”
For Crate to Plate’s Sainsbury, knowledge sharing and collaboration will most likely have a big role to play going forward. In his interview with CNBC, he emphasized the importance of “coexisting with existing farming traditions.”
“Oddly enough, we’ve had farmers come and visit the site because farmers are quite interested in installing this kind of technology … in their farm yards … because it can supplement their income.”
“We’re not here to compete with farmers, take business away from farmers. We want to supplement what farmers grow.”
