Issues, not economic ones. That being said, although they are intertwined these days when security is so critical to the United States and japan and to the philippines as well, that being said and the japanese as we all know are too polite to say this, there is unhappiness in japan over president bidens decision to publicly oppose the sale of u. S. Steel to nippon steel so we thought to focus on the importance of u. S. Japan cooperation on Economic Security, on reliable supply chains, on japans significant and longstanding direct investment across the United States and the potential benefits that an enriched u. S. Japan Partnership Offers to American Workers and allied technological leadership. All these things will be on the agenda at the white house next week. We have two panels of experts today. One on Economic Security that i will moderate and another on Foreign Direct Investments that my japan chair colleague will moderate. But first we have the honor of a keynote and discussion w
Between the United States and japan with leaders from the Defense Department and Japanese Ministry officials. The Hudson Institute hosted this visit. Good morning and welcome to Hudson Institute. I serve as japan chair at hudson and i want to welcome our audience here at the bessy and walter Stern Policy Center in washington and i want to welcome our audience on liep and online and through cspan. On the eve of Prime Minister Fumio Kishidas historic visit to the United States on april 10, it seemed like an appropriate moment to examine the benefits of the deep and expanding u. S. And Japan Economic relationship and as all of us in this room have seen on the news reports, including by certain members of our audience here today in the press, about the impressive deliverables that will be coming out of both the u. S. Japan summit on the 10th and u. S. Japanphilippines trilateral summit on the 11th, most of the focus object the discussions will be on security issues, not economic ones. That
Consolidation mode and we cant rally unless oil stops going down, which it might not, hence todays decline. Dow tumbling 120 points, s p plungi plunging 1. 2 . All right. So with that in mind whats on tap for next week . The market moving action ahead frankly is not going to be out of earnings as you can tell from most of these in front of me its in global events and it starts sunday with chinas may industrial and retail production figures. As has been the case for ages the estimates and i was looking at all oh, my god theyre so high, way too high, 6 for industrial, more than 10 for retail. I think the prc is going to disappoint again. These numbers matter tremendously because if Industrial Production is not up nicely we will get another freak out about a worldwide slow down. Plus the chinese retail numbers are important for nike, that stock has not been acting well, starbucks, yum just okay, apple. All which have huge sales in the peoples republic. Expect some pressure in these stocks
To distribute 50 billion, approved by congress, to boost domestic manufacturing of semiconductor chips. This is not a blank check for companies, this is not for them to pad their bottom line, she says. Secretary raimondo rate made these remarks at the white house press. Fink press reaping. Briefing. I know you guys are excited to be back. I would like to introduce sec. Gina raimondo, who has joined us before. We are glad to have her back today to announce the next steps the department of commerce are taking to announce the 50 billion of chips act funding. With that, i will let the secretary take it away. Hello everybody. It is great to be here. This is a very exciting day. For those of us who are obsessed with and excited about chips, this is a big day. Thanks to President Bidens leadership and the bipartisan work in congress, we have an Incredible Opportunity to unleash the next generation of american innovation, protect National Security and preserve our global competitiveness. As we
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