Were pretty active in the investment committee. Amy raskin, i start with you. You sold nike. Yep. Seems to me from the notes here you had it. We trimmed half our position, we spoke about a couple months ago, but were done. The company is just not executing as well as it should. The brand is still great. We could come back to it at some point, but theyre not executing right now. China is a risk for them, and, so, were out of the position. The stock is down 14 year to date, down more than 20 over a year. They certainly have had what i think people would suggest is an innovation slowdown. Yep. The company sort of acknowledged that. They blamed remote work. Which was terrible. For that. Their competitors somehow figured it out. Hoka, on, new balance can you sort of go down the list lulu are rising competitors. Theyre all sort of part of the sell pie . All part of the sell pie. I really did not like the explanation we couldnt innovate over zoom. Everybody else sort of figured it out. They j
Yields coming down, the 10year right now coming down to 4. 85 , and new york crude gaining ground, up 11 , of course, a source of some inflationary pressure. And some midday movers on the equity side, were looking at shares of apple. People familiar with the matter tell bloomberg it is closing in on an agreement with open a. I. To use the startup tech on the iphone. The two sides have been finalizing terms for a pack to use chat gpt features in apples next iso. Tesla hiring back some of the almost 500 members of its super charging team that were dismissed last month. Theyre being embraced as the Industry Standard with competitors adopting its tech. Lets go now to bloombergs john farrow at the summit. Scarlet, thank you. Alongside me, the bank of america chief. Good afternoon. Its not bad, is it . Good to see you, somewhere different. President macron, is he trying to sell you a french bank, whats happening here . No, hes not trying to sell it. What hes trying to sell is doing business
For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar
For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar
Himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they are requesting 51. 4 billion. Since fiscal year 2021, the budget has increased by about 12 billion, about 30 increase. After three years o