Cemex stock is up; It’s #TalkToARussianDay

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Cemex stock is up; It's #TalkToARussianDay

The Trump admin­is­tra­tion has announced it will start tak­ing bids for the con­struc­tion of a wall on the Mexico-U.S. bor­der next week.

Mex­i­can cement giant Cemex says it’s will­ing to help with Trump’s wall

Mexico’s biggest cement maker said it would be will­ing to pro­vide sup­plies for the US bor­der wall pro­posed by Pres­i­dent Don­ald Trump, end­ing months in which the com­pany declined to com­ment on the poten­tial project.

Cemex SAB would offer a price quote to any con­trac­tors look­ing to buy cement for the bar­rier, Chair­man Roge­lio Zam­brano told Reforma news­pa­per. With plants on both sides of the bor­der, Cemex would be well posi­tioned to com­pete for building-​materials contracts.

Cemex climbed 4.3 per cent to 17.74 pesos at 11:18am in Mex­ico City after advanc­ing as much as 4.6 per cent for the biggest intra­day gain in a month.

As of the writ­ing of this post, Cemex is trad­ing at US$9.o1, still going up.

While this may sound rather ironic or humor­ous depend­ing on how you look at it, it illus­trates pri­vate enter­prise in the form of a multi­na­tional cor­po­ra­tion respond­ing to a busi­ness oppor­tu­nity, which in turn cre­ates value for its stockholders.

In other news, unless you’ve been in a sen­sory depri­va­tion cell for the past cou­ple of weeks, you must have heard the Democ­rats gener­i­cally impugn­ing any con­tact with Rus­sians, but only if it’s by a Trump supporter.

The lat­est is the alle­ga­tion that Jeff Ses­sions com­mit­ted per­jury. Andrew McCarthy, who has years of expe­ri­ence as a very suc­cess­ful pros­e­cu­tor, finds the charge mer­it­less.

The Dem party had two fron­trun­ners last year: One hon­ey­mooned in the Soviet Union, the other one approved a trans­ac­tion that gave the Rus­sians con­trol of one-​fifth of all ura­nium pro­duc­tion capac­ity in the United States when she was Sec­re­tary of State as her husband

received $500,000 for a Moscow speech from a Russ­ian invest­ment bank with links to the Krem­lin that was pro­mot­ing Ura­nium One stock.

The DNC has no prob­lem with that, at all. Instead, they are in high dud­geon over Ses­sions talk­ing to a Russ­ian ambassador.

I find this very alarm­ing, since cry­ing wolf does not make for sen­si­ble inter­na­tional relations.

But, if the Dems are will­ing to waste time throw­ing a snit over any­one talk­ing to any Rus­sians, and in the spirit of per­e­stroika, I declare today Talk to a Russ­ian Day.

Happy #Talk­ToARus­sian­Day!

Fausta Rodríguez Wertz posts on U.S. and Latin Amer­ica at Fausta’s blog.

The Trump administration has announced it will start taking bids for the construction of a wall on the Mexico-U.S. border next week.

Mexican cement giant Cemex says it’s willing to help with Trump’s wall

Mexico’s biggest cement maker said it would be willing to provide supplies for the US border wall proposed by President Donald Trump, ending months in which the company declined to comment on the potential project.

Cemex SAB would offer a price quote to any contractors looking to buy cement for the barrier, Chairman Rogelio Zambrano told Reforma newspaper. With plants on both sides of the border, Cemex would be well positioned to compete for building-materials contracts.

. . .

Cemex climbed 4.3 per cent to 17.74 pesos at 11:18am in Mexico City after advancing as much as 4.6 per cent for the biggest intraday gain in a month.

As of the writing of this post, Cemex is trading at US$9.o1, still  going up.

While this may sound rather ironic or humorous depending on how you look at it, it illustrates private enterprise in the form of a multinational corporation responding to a business opportunity, which in turn creates value for its stockholders.

In other news, unless you’ve been in a sensory deprivation cell for the past couple of weeks, you must have heard the Democrats generically impugning any contact with Russians, but only if it’s by a Trump supporter.

The latest is the allegation that Jeff Sessions committed perjury. Andrew McCarthy, who has years of experience as a very successful prosecutor, finds the charge meritless.

The Dem party had two frontrunners last year: One honeymooned in the Soviet Union, the other one approved a transaction that gave the Russians control of one-fifth of all uranium production capacity in the United States when she was Secretary of State as her husband

received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.

The DNC has no problem with that, at all. Instead, they are in high dudgeon over Sessions talking to a Russian ambassador.

I find this very alarming, since crying wolf does not make for sensible international relations.

But, if the Dems are willing to waste time throwing a snit over anyone talking to any Russians, and in the spirit of perestroika, I declare today Talk to a Russian Day.

Happy #TalkToARussianDay!

Fausta Rodríguez Wertz posts on U.S. and Latin America at Fausta’s blog.