Good morning, this hear is cool called to order. I want to welcome all the witnesses and thank you for your thoughtful, written testimony and looking forward to your oral tangherlini. Id ask my written Opening Statement be entered into the record. I want to make a couple comments. About really kind of what i want to see the goal of this hearing to be. Its similar to the the goal of every hearing is a base account problem solving process. This committee under my chairmanship developed a a Mission Statement to enhance the National Security of america to promote more effective and accountable government. The reason im pointing it out today is i cant think of a hearing that that Mission Statement is more applicable to. When we Start Talking about 5g were talking about the Economic Opportunity and the National Security risks. In order to take advantage of that and avoid the National Security risks. We need more effective government to step up to the plate to compete against what unfortunate
Yuan strengthening, below seven for the first time in a couple of months. I thought i would point out, uber down 7 even though analysts were quite happy with the results. Guy european stocks ticking higher on the back of that ism data out of the United States. We are now at 404 on the stock 600. The euro is trading a little softer. Interesting to see how far european equities have come. The South African rand continuing to make gains. Vonnie and shanghai, president xis intake president xi reaffirming that his country would open itself up to trade even further. Pres. Xi in order to boost growth at home and create more chinaor global growth, will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Vonnie we are joined now by bloombergs selina wang in shanghai. Who was xi addressing with this speech . Heard, xi isu reiterating his commitment to reform and opening the economy. You didnt even hear him directly address the United States o
Hour look at these large megacap Communication Services and tech stocks for where Shopping List items might be for any buys on the dips with that well send things out to see j man thats going to be a harder objective to achieve, if anything a stronger dollar will become a bigger pain for multinationals sectors like technology, industrials and Consumer Staples that derive in some cases 40 to 50 of their sales overseas. If the dollar continues to strengthen it will make American Products less attractive to customers outside the u. S. , especially in emerging markets where the consumer tends to be more price sensitive it also impacts profitability for these companies when they convert foreign sales back to dollars. Now, a handful of companies in the Consumer Staples space that make everything from shampoo to cereal have outperformed the Broader Market because of the dividend yield they offer. Kimberlyclark with a yield of 3 , General Mills at 3. 6 , but with Central Banks around the world
[inaâ– nudible conversations]t in, d. C. This is about half an i want to welcome everyone to our first panel, its an amazing panel. Probablyheost important topic in recent history. The emergents of ai and models and what it means to our industry, what it means to the country and as we estublic polid responsibility through encompasses 501 c 3 foundation, what we hope to do is to bring leaders together and probably theres no more Impressive Group of thought leader t we have on stage. Milo whod fiber and google wireless and has tremendous background in the industry and continues as a what should i say, startup, engineer . Former fcc chairwoman, commissioner, South Carolina commissioner, just a tremendous friend, competition has worked in advisory roles with the department of defense as it relates to ai cybersecurity but from the government leader and one with experience and one who can spe communities and and organizations around the country we are very pleased to have minon w with us in
I want to welcome everyone to our first panel. Its ann amazing panel, probably the most important topic in emergence of a. I. And generative a. I. Language models and what it means the our industry, what i as we establish our center for Public Policy and responsibility through incompas 501 c 3 foundation, what we hope to do is to bring thought leaders together, theres no more Impressive Group of thought leaders than what a we have on stage who helped first lead google fiber and google wireless and has a tremendous background in industry,ou continues as a wt should i say, a startup . If a engineer . If no comment, yes. All of the above. Min gone clyburn, former mini Mignon Clyburn Mignon Clyburn, former fcc chairwoman, South Carolina commissioner, just a tremendous friend. Our competition has worked in advisory roles with the with the department of defense as it relates to a. I. And cybersecurity. But from a government leader and one with one who can speak for communities and organizati