Inflation data coming in the nasdaq up 0. 8 you. Julia, how can we not start with disney weve thought about streaming for so long as a technology play growth at any cost feels more like a media play. Youve got to have your eye on profitability. Thats certainly what we saw with the price hikes from disney and a lot of the commentary there. Thats right. Disney on the top line adding more subscribers than expected they did loose more than anticipated when it came to the direct to consumer business. The way theyre addressing that, theyre raising prices and this all fits in to the new profitability. Morgan stanley said this is phase two, bringing the streaming into the profitable era, and i think were hearing this from a number of different ceos we also heard this echoed by david zazoff as well now its being valued more like a media company. It seems like all of these Companies Including disney are thinking more practically about their streaming businesses and wanting to make sure its not j
Prepares to pass the chips and science act, a bipartisan, bicameral bill that will wellequip our nation to meet and beat the challenges of the 21st century. With Monumental Investments in this legislation, we take key steps to strengthen our fa families and our nations Economic Future, unleash research and investment in every corner of america now and for generations to come. Let us salute the outstanding leadership of the house negotiators who tirelessly fought and secured many major victories for American Families and the American Economy in this package. Thank you, in particular, to two terrific champions, chairwoman Eddie Bernice johnson of the science, space, and technology committee, chairman Frank Pallone of the energy and commerce committee, as well as other chairs who were involved in this legislation. I want to also acknowledge the leadership of the Ranking Member, mr. Lucas. Mr. Lucas, it was a joy and inspiring to behold your very informative and impressive presentation in
Our economic and National Security. These provisions were built with vigorous input from the scientific community, industry, academia, and other stakeholders on what they need most to succeed in the 21st century. This final product is the result of months of bipartisan negotiations. It is also the result of dedicated efforts and long hours put in by the committees staffment and i want to staff. And i want to thank each of them for helping us get to where we are today. With this legislation, we will bring about solutions for the climate crisis, enhance our Semiconductor Research and manufacturing, create jobs, increase regional innovation, and so much more. We will also take historic and muchneeded action to build a strong and diverse stem work force and ensure that were able to make use of all the brain power and talent we have. In have in our great nation. With bipartisan stem pieces in this bill, we will create a Bright Future for all of those who wish to pursue stem, no matter their
Competition act. While democrats were crafting a partisan reckless massive tax and spending bill, behind closed doors. Then, senatorni manchin, the center from West Virginia it made a decision that angered most of his democratic colleagues. He slammed the door on the climate and tax provisions and reconciliation. He said until we see the july inflation figures, which we have not seen yet, until we see thehe july Federal Reserve interest rates, then lets wait. Eight noted families are struggling to buy such essentials as gasoline and groceries and added i cannot make that decision basically on taxes of any type. That was what i will call the old joe. After we received assurances privately from Senate Democrats and clean the staff of the Senate Majority leader that they tax and climate provisions were off the table, we were able to move forward. Indu the funding of this vulnerable semiconductor supplys chain thats an important part of a build a house is voting on today. So, republicans a
Except representative sara jacobs who voted present. The legislation passed by the senate, it is now to the president for his signature. I stand before you today to show support of the chips and science act. This is a bipartisan provision that will ensure a bold and prosperous future for American Science and innovation, maintaining International Competitiveness and bolstering the economic and National Security. These provisions were built with vigorous input from the scientific community, industry, academia and other stakeholders on what they need most to succeed in the 23rd century. This product is a result of months of bipartisan negotiation. It is also the result of long hours put in by the Committee Staff and i want to thank each of them for helping us to get where we are today. With this legislation, we will bring about solutions for the climate crisis, enhance our semiconductor research, create jobs, increase racial integration and so much more. We will also take historic and muc