day up more than 5%. alphabet, amazon, apple, meta, and microsoft all ended the day up as well. the major indexes have been hitting high water marks over and over in 202a. this marks the nasdaq s 13th record close this year and the 25th for the s&p. another brand on the up lululemon. the activewear brand beat wall street expectations on revenue in the first three months of the year. strong sales in china helped buffer a slowdown in spending in the us. shares rose around 12 percent on the results. us commerce secretary gina raimondo is in singapore this week for a meeting of the indo pacific economic framework, an initiative to improve economic ties between america and asia. along with executives from major us companies, she also attended a forum to promote investments in green energy. for more on this, we re joined by deborah elms, the head of trade policy at the hinrich foundation. trade officials have been struggling to figure out trade officials have been struggling to f
more clean energy but also more sustainable supply chain projects up and running. tell us about green energy and the initiatives for the pesek at anything to do with the cherries overcapacity? chinese overcapacity? i don t think at the moment it does. most of the projects being discussed were projects that have been under way for some period of time or been lined out. they need to be investor ready. that takes longer typically for the recipient countries to plan and execute than the relatively recent spike in concern over overcapacity. i think it s much more about how do you transition to a green economy in the future, what other projects that you need, where is a shortfall in funding and how can a private partnership model benefit you as the host country and benefit you as an investor? china bear so much economic influence in this region. tell us your thoughts on how ipef can succeed without beijing
on how ipef can succeed without beijing involved for that the big issue is a dollar value in these projects. if the number is small or modest it s always helpful in an investment in clean and green is better than none. i think it will be difficult to compete with fairly substantial deep pocketed investors for that many of them coming out of china, some chinese government itself that interested in supporting this kind of investment across the region. that s always been a bit of a tech and hopefully the numbers coming out of this ipef, the first launch in future initiatives will actually add up to enough investment to start to spend the dial on ourfuture. us elections are taking place in this year for that will not have any bearing on what members will be thinking about how ipef may work on forward? most members will feel like no matter who wins in
involved for that the big issue is a dollar value in these projects. if the number is small or modest it s always helpful in an investment in clean and green is better than none. i think it will be difficult to compete with fairly substantial deep pocketed investors for that many of them coming out of china, some chinese government itself that interested in supporting this kind of investment across the region. that s always been a bit of a tension and hopefully the numbers coming out of this ipef, the first launch in future initiatives will actually add up to enough investment to start to spend the dial on ourfuture. start to spin the dial on ourfuture. us elections are taking place in this year for that will not have any bearing on what members will be thinking about how ipef may work on forward? most members will feel like no matter who wins in november in the us investment in infrastructure will continue. i think they feel like of all the things you could discuss this is one
november in the us investment in infrastructure will continue. i think they feel like of all the things you could discuss this is one initiatives that is likely to be sustained regardless of who wins in november. ipef was announced more than three years ago what has taken so long for agreements to be pakistan s prime minister shehbaz sharif is in china to try and secure investment for his cash strapped country. he is expected to meet president xijinping over the course of five days, as well as chinese business leaders. speaking in shenzhen on wednesday, mr sharif said he aims to strengthen ties between islamabad and beijing. a date has been set for the swearing in of narendra modi as the head of the new coalition government in india. his bjp party lost its majority in parliament in recent elections and will have to govern with other partners. that will have an impact on the shape of economic policies he is able to implement, as archana shukla in mumbai explains. the shock element fro