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Apr 8, 2024
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gina raimondo will join cnbc at 9:30 a.m. eastern to talk more about the announcement and much more. gina raimondo on "squawk on the street" at 9:30 a.m. talking about the award from the chips act. >>> janet yellen sitting down with sara eisen earlier today. she addressed a wide range of issues, including the further u.s. tariffs on chinese goods and electric vehicles and green exports and the ability of u.s. companies to operate in china. >> some of the techniques they use sub asi use sub adizing their firms heavy leadership and supporting them when they are losing money when demand is weak relative to the great capacity to supply products like solar panels where prices plummet which drive our firms out of business. >> let's get investor reaction now. brendan ahern is with crane shares. brendan, good to see you. >> likewise, frank. >> a lot of ground covered in the interview with janet yellen. one thing that made people's ears perk up is tariffs and it is on the table. how should investors take that? >> this is a negotiating
gina raimondo will join cnbc at 9:30 a.m. eastern to talk more about the announcement and much more. gina raimondo on "squawk on the street" at 9:30 a.m. talking about the award from the chips act. >>> janet yellen sitting down with sara eisen earlier today. she addressed a wide range of issues, including the further u.s. tariffs on chinese goods and electric vehicles and green exports and the ability of u.s. companies to operate in china. >> some of the techniques they...
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Apr 22, 2024
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. >> commerce secretary gina raimondo is a fast-rising star in the democratic party, enforcing large parts of our tough china trade policy, while working to create millions of new jobs here in the u.s. >> we allowed manufacturing in this country to wither on the vine in search of cheaper labor in asia, cheaper capital in asia. and here we are. >>> pretty well hidden, isn't it? >> if you didn't know how to get here, you wouldn't easily stumble across it. >> on the wind-swept island of alderney, the nazis operated concentration camps on british soil. decades later, the british government is investigating how many people were killed here. >> why might the british government have tried to cover up what happened on the channel islands? >> the world is full of great comedians. >>> kevin hart is a great comedian. a movie star, and, as you'll hear tonight, a budding tycoon. >> cheers. >> are you a billionaire yet? >> none of your business, man. are you trying to get me robbed? trying to get me knocked in the head? >> i'm lesley stahl. >> i'm bill whitaker. >> i'm anderson cooper. >> i'm shar
. >> commerce secretary gina raimondo is a fast-rising star in the democratic party, enforcing large parts of our tough china trade policy, while working to create millions of new jobs here in the u.s. >> we allowed manufacturing in this country to wither on the vine in search of cheaper labor in asia, cheaper capital in asia. and here we are. >>> pretty well hidden, isn't it? >> if you didn't know how to get here, you wouldn't easily stumble across it. >> on...
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Apr 26, 2024
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they rated congress secretary gina raimondo this. this'll be unacceptable in a failure to export against the blacklisted champion of the ccp which is actively working against the security interest of the united states. we urge you to reconsider the damaging posture and immediately revoke all export licenses to huawei. a word on huawei, you've done an incredible amount of work and i brought this and my book the cost which came out in 2020. huawei is the ccp's main tool of surveillance, is that not in terms of surveilling other countries. huawei equipment is used around the world and now you have these two lawmakers urging gina raimondo the congress department not to get business to huawei and put the pipes in american homes and businesses because they are spying on us. >> huawei has come roaring back, this is very distressing there at the end of 2023, the total revenue $100 billion so that put them squarely in the fortune global 100. one of the biggest companies in the world and they have been allowed to grow back and a lot of success
they rated congress secretary gina raimondo this. this'll be unacceptable in a failure to export against the blacklisted champion of the ccp which is actively working against the security interest of the united states. we urge you to reconsider the damaging posture and immediately revoke all export licenses to huawei. a word on huawei, you've done an incredible amount of work and i brought this and my book the cost which came out in 2020. huawei is the ccp's main tool of surveillance, is that...
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Apr 1, 2024
04/24
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last month gina raimondo visited the philippines and thailand, pledging over $1 billion in spending in manila and saying to deepen economic engagement in the indo—pacific. meanwhile, china's investment in the region rose by more than a third. 0ne provider measuring this is a company setting up corporations when they expand internationally. the chief executive told us by the region is attractive to investors. we are a gullible _ is attractive to investors. - are a gullible platform but we are a gullible platform but we are across the world and have a particular strength in asia. we are starting to see an increase in demand for support for those essential business services, for new entrants and especially for new entrants and especially for clients who may have less familiarity with the region so for new locations.— familiarity with the region so for new locations. what other sectors do — for new locations. what other sectors do you _ for new locations. what other sectors do you see _ for new locations. what other sectors do you see getting . sectors do you see getting traction in
last month gina raimondo visited the philippines and thailand, pledging over $1 billion in spending in manila and saying to deepen economic engagement in the indo—pacific. meanwhile, china's investment in the region rose by more than a third. 0ne provider measuring this is a company setting up corporations when they expand internationally. the chief executive told us by the region is attractive to investors. we are a gullible _ is attractive to investors. - are a gullible platform but we are...
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Apr 1, 2024
04/24
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just last month, us commerce secretary gina raimondo visited the phillippines and thailand — pledging over a billion dollars in spending in manila — and saying the us wants to deepen economic engagement in the indo—pacific. meanwhile, china's investment in the region rose by more than a third last year. 0ne provider who is measuring this is vistra — which helps companies set up operations and hire staff when they expand internationally. it's chief executive told me why the region is attractive to investors. southeast asia has been a region of relative stability and therefore relative attractiveness for inbound investment. i attractiveness for inbound investment.— investment. i guess interestingly, - investment. i guess i interestingly, because investment. i guess - interestingly, because we are across the world but we have a particular strength here in asia and we are starting to see an increased demand for support for those essential services for those essential services for new entrants and especially clients who might have less familiarity with the region. from may be new l
just last month, us commerce secretary gina raimondo visited the phillippines and thailand — pledging over a billion dollars in spending in manila — and saying the us wants to deepen economic engagement in the indo—pacific. meanwhile, china's investment in the region rose by more than a third last year. 0ne provider who is measuring this is vistra — which helps companies set up operations and hire staff when they expand internationally. it's chief executive told me why the region is...
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Apr 8, 2024
04/24
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secretary gina raimondo said that chips the taiwanese chip—making giant first announced plans to expand into america back in 2020. however its production timelines have been delayed, partly because of uncertainty about when it would receive funds under the us chips act. paul triolo from the albright stonebridge group consultancy says the us is making huge strides to bring chip production onshore. it isa it is a huge step forward. i think ten for characterised it as the biggest foreign direct investment in greenfield facilities in us history. so it's a big step on the way to the us trying to onshore some percentage of global capacity and advanced semiconductors. right percentage is zero, so the goals that the commerce department has set up for these investments is to reach about 20% of global capacity for advanced semiconductors by 2030. this is a big step in that direction.— 2030. this is a big step in that direction. it's not 'ust investments i that direction. it's not 'ust investments coming h that direction. it's notjust investments coming from | that direction. it's notj
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Apr 14, 2024
04/24
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the honorable gina raimondo, secretary of commerce. >> before dinner was served, the two first couples descended the staircase in the white house's cross hall for their official portrait from the evening -- portrait of the evening. ♪ ♪ ♪ ♪ ♪ and finally, a peek into the dinner itself, the only view the public gets for this kind of white house event. we will hear president biden and japanese prime minister fumio kishida's toast to each other in their countries. pres. biden: and i'm delighted that you are here. even the cherry blossoms bloomed early. they did, by the way, they did. those blossoms are the first time spring gives rise and a reminder we can begin a new every year. and to all -- tomorrow can be a better day than today. what both our countries hold dear, new beginnings. thank you again for being here. and a few days after my inauguration over three years ago, i received a big, shiny blue and red envelope covered with stickers on the envelope. it was a big envelope. it was full of letters from elementary school teacher in japan who compiled them from her students. sh
the honorable gina raimondo, secretary of commerce. >> before dinner was served, the two first couples descended the staircase in the white house's cross hall for their official portrait from the evening -- portrait of the evening. ♪ ♪ ♪ ♪ ♪ and finally, a peek into the dinner itself, the only view the public gets for this kind of white house event. we will hear president biden and japanese prime minister fumio kishida's toast to each other in their countries. pres. biden: and...
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Apr 2, 2024
04/24
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commerce secretary gina raimondo and british technology secretary michelle donelan signed a memorandum of understanding in washington to jointly develop advanced ai model testing, following commitments announced at an ai safety summit in bletchley park in november. here to explain more is tim davies, ceo of ai consultancy, projekt rising. what are the safety concerns? how these models could perform in the future, the development of a new form of intelligence and with any new intelligence there are risks. these safety tests evaluate whether the models are safe and will perform reliably in the functions they are deemed to work in. these tests are working jointly with the us and the uk to line and make sure there is commonality in the testing approach. next—generation versions, many people are onlyjust catching up with the idea of ai, where are we? we are moving very quickly. the primary model most people are used to experiencing is within chat gpt, 3.5 turbo orfour turbo, to experiencing is within chat gpt, 3.5 turbo or four turbo, they are old by relative standards, 18 months old, new
commerce secretary gina raimondo and british technology secretary michelle donelan signed a memorandum of understanding in washington to jointly develop advanced ai model testing, following commitments announced at an ai safety summit in bletchley park in november. here to explain more is tim davies, ceo of ai consultancy, projekt rising. what are the safety concerns? how these models could perform in the future, the development of a new form of intelligence and with any new intelligence there...
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Apr 8, 2024
04/24
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secretary of commerce, gina raimondo, and the u.s. ambassador to china, nick burns, prior to a visit to china. what the review board attributed this breach, that should have been preventable, to was the fact it identified microsoft as having poor security processes, a lack of transparency into the breach, and a lax corporate culture when it comes to cybersecurity. caroline: and we have got to remember the frustrations gina raimondo showed, particularly in the trip to china and what was ultimately -- the huawei phone suddenly presented and everyone realizing perhaps some of the limitations on tech from u.s. to china perhaps is not doing the job many had thought. i am interested in the threat act known as storm 0058. how much should microsoft have been able to prevent all of this, or how many other risks are they overcoming on a day-to-day basis? we are shouting out one particular failing, but how determined are they to achieve what they want to do? kiersten: this is the big concern, because we continue to see these types of just happen
secretary of commerce, gina raimondo, and the u.s. ambassador to china, nick burns, prior to a visit to china. what the review board attributed this breach, that should have been preventable, to was the fact it identified microsoft as having poor security processes, a lack of transparency into the breach, and a lax corporate culture when it comes to cybersecurity. caroline: and we have got to remember the frustrations gina raimondo showed, particularly in the trip to china and what was...
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Apr 16, 2024
04/24
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this has been gina raimondo's thing. keep a separated and competing against china and making sure these restrictions go in place so that the lead, at least the perceived lead that u.s. companies have, can be maintained. i would also note it's interesting because microsoft, they're talking about security and support. micro soth was taken to task just a couple weeks ago for some cybersecurity failures. it had hacked emails of government officials. not perfect reputation, but better than at least in the u.s. government's mind better than a chinese company taking over. >> steve, thank you. >> steve, thanks. >>> still ahead, a host of new economic data out of china raising questions about the recovery narrative there. we will get a live report from beijing when we return in two. morikawa on 18. he is really boxed in here. -not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? -anybody see it? oh wait, there it is! -back into play and... aw no, it's in the water. wait a minu
this has been gina raimondo's thing. keep a separated and competing against china and making sure these restrictions go in place so that the lead, at least the perceived lead that u.s. companies have, can be maintained. i would also note it's interesting because microsoft, they're talking about security and support. micro soth was taken to task just a couple weeks ago for some cybersecurity failures. it had hacked emails of government officials. not perfect reputation, but better than at least...
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Apr 30, 2024
04/24
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one will be gina raimondo, , the commerce secretary, the famous actress michelle yeoh from everywhere, everything everywhere all at once. and, but the question of said fifth anniversary of a nato of o representing artist in which leadership award, distinct military award to general cavoli, sipping on the command of your emerald to special salute that eating tainted s well. and we will be driving conversations about nato this entire year. as atlantic council always does with its particular emphasis this year. we have seen clearly in the bravery, to bravery of ukrainian people, even as russia continues to leverage its war machine against ukraine. russia's war cast a dark shadow over the summit proceedings this july, and mandates and allies response appropriate to this historic moment. i write an occasional column called inflection points. i wrote at of the congressional decision on the supplemental i would geopolitical malpractice not to pass. i'm really glad they did pass at her with going to come to that and a second of what should come next. as heads of state and, convenient washingt
one will be gina raimondo, , the commerce secretary, the famous actress michelle yeoh from everywhere, everything everywhere all at once. and, but the question of said fifth anniversary of a nato of o representing artist in which leadership award, distinct military award to general cavoli, sipping on the command of your emerald to special salute that eating tainted s well. and we will be driving conversations about nato this entire year. as atlantic council always does with its particular...
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Apr 5, 2024
04/24
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here is gina raimondo. >> ai is changing the game and ai collaboration between their office and our safety institute will get stronger all led by the ttc. caroline: away from diplomacy, twilio seeks long-term changes. this is bloomberg technology. ♪ ed: spurred by activist investors they are asking shareholders to change his board of directors or terms from one term down from three. byron dieter will not seek reelection and the board will be reduced to nine members from 10 upon the end of his term. i don't get this. are they playing defense because there's a threat? >> this is twilio seeking to avoid what happened with this name. activist investors airing dirty laundry. what we are seeing here is a classic tale where they hit a wall. they had their growth plummet and they had to do layoffs and activist investors show up. they have been agitating for changes and they have made a number of changes to keep these investors happy and prevent from getting involved in a proxy battle. caroline: i am interested this comes after jeff lawson had to stand down amid all of this. is there viewpoint th
here is gina raimondo. >> ai is changing the game and ai collaboration between their office and our safety institute will get stronger all led by the ttc. caroline: away from diplomacy, twilio seeks long-term changes. this is bloomberg technology. ♪ ed: spurred by activist investors they are asking shareholders to change his board of directors or terms from one term down from three. byron dieter will not seek reelection and the board will be reduced to nine members from 10 upon the end...
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Apr 2, 2024
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commerce secretary gina raimondo and british technology secretary michelle donelan signed a memorandum of understandingin washington to jointly develop advanced ai model testing, following commitments announced at an ai safety summit in bletchley park in november. tourism's latest frontier. we are looking into the growing trend of arctic travel. around the world and across the uk, this is bbc news. we are looking at the top business stories. tesla could be facing a bumpy road ahead. america's leading electric car company is due to report how many cars it produced and delivered globally during the first three months of this year, possibly as early as today. and wall street is worried. for more on this, here's the bbc�*s north america business correspondent michelle fleury in new york. 0ne analyst called the start of this year a nightmare for tesla as he cut his delivery forecast from 475,000 to 425,000. wall street is bracing for tesla to report its first sales decline in years. the last time that happened was during the pandemic lockdowns of 2020. so what is going on? elon musk�*s
commerce secretary gina raimondo and british technology secretary michelle donelan signed a memorandum of understandingin washington to jointly develop advanced ai model testing, following commitments announced at an ai safety summit in bletchley park in november. tourism's latest frontier. we are looking into the growing trend of arctic travel. around the world and across the uk, this is bbc news. we are looking at the top business stories. tesla could be facing a bumpy road ahead. america's...
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Apr 8, 2024
04/24
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secretary gina raimondo said that chips the taiwanese chip—making giant first announced plans to expand into america back in 2020. however its production timelines have been delayed, partly because of uncertainty about when it would receive funds under the us chips act. paul triolo from the albright stonebridge group consultancy says the us is making huge strides to bring chip production onshore. it isa it is a huge step forward. i think ten for characterised it as the biggest foreign direct investment in greenfield facilities in us history. so it's a big step on the way to the us trying to onshore some percentage of global capacity and advanced semiconductors. right percentage is zero, so the goals that the commerce department has set up for these investments is to reach about 20% of global capacity for advanced
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Apr 15, 2024
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for more on this, don't miss the interview with commerce secretary gina raimondo at 2:00 p.m. eastern time. >>> coming up on "worldwide exchange," we have more ahead and the one word investors need to know today. >>> plus, the banks are coming off the worst sessions in a few weeks with the warning from jpmorgan chase. we have the numbers you need to know in just a moment. >>> plus, more on the uncertainty in the middle east. why energy traders may have already priced in the worst -cae scenarios. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. business. is
for more on this, don't miss the interview with commerce secretary gina raimondo at 2:00 p.m. eastern time. >>> coming up on "worldwide exchange," we have more ahead and the one word investors need to know today. >>> plus, the banks are coming off the worst sessions in a few weeks with the warning from jpmorgan chase. we have the numbers you need to know in just a moment. >>> plus, more on the uncertainty in the middle east. why energy traders may have...
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Apr 25, 2024
04/24
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gina raimondo told cnbc the focus from here is focus on chemicals. all of the input products we need to build chip manufacturing in the u.s frank. >> again, announcing that micron is the latest to receive the funding from the chips act how does this fuel the growth in the u.s. >> re >> this announcement is focused on memory chips and specific to high bandwidth these are crucial in training a.i. systems and large language models the more we can build out memory for the systems, that means it can cover more of what the user wants. they will be designing and producing those in the boise plant and producing those in a major way and manufacturing in a major way in syracuse. official says this is a crucial step to bring a lot of a.i. development to the u.s >> our data team has been crunching the numbers. chips act funding has just been run out. is there a second chips act program to support investments so far >> there's a lot of talk about that we hear chips 2.0. it is a difficult thing to get congress to sign on to something where you allocate more money
gina raimondo told cnbc the focus from here is focus on chemicals. all of the input products we need to build chip manufacturing in the u.s frank. >> again, announcing that micron is the latest to receive the funding from the chips act how does this fuel the growth in the u.s. >> re >> this announcement is focused on memory chips and specific to high bandwidth these are crucial in training a.i. systems and large language models the more we can build out memory for the systems,...
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Apr 5, 2024
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now, our country, to the good work of commerce secretary gina raimondo, is trying to reassert herself as a major player in semite conductor production, because it would be easy for the chinese government to cut that supply chain off. intel is playing a key role in this process but is not clear to me that intel is going to do it also well. the business could be a big money loser for years to come. i have seen difficulties in semiconductor manufacturing. the ceo made a very promotional appearance on our network a few years ago. then on wednesday he revealed that the division he was promoting had racked up operating losses of nearly $7 billion in 2023. now, along comes stacy racked cough at bernstein and he decided to tell it the way it is. first of all, the goal posts keep moving. the margin goals were booted from 2026 to 2030. hence the title of the piece, intel, see you in 2030. then he lowers the boom on this incredible singer. why do they do this to themselves? he goes on, intel story over the last several years has been one that has dashed expectations from outlandishly bullish tar
now, our country, to the good work of commerce secretary gina raimondo, is trying to reassert herself as a major player in semite conductor production, because it would be easy for the chinese government to cut that supply chain off. intel is playing a key role in this process but is not clear to me that intel is going to do it also well. the business could be a big money loser for years to come. i have seen difficulties in semiconductor manufacturing. the ceo made a very promotional appearance...
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Apr 12, 2024
04/24
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guests are gina raimondo and actress drew barrymore. to learn more, scan the qr code on the screen or go to cnbc.com/changemakers. we are back in just a moment. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. >>> welcome back. time for the "wex wrap-up." the wall street journal reporting china directing the telecom carriers to phase out foreign processors by 2030. >>> and apple is looking to focus on m-4 chips. it has been slowing with struggling computer sales. >>> and sam bankman-fried is looking to appeal his sentence. he will have to petition the supreme court to take the case. >>> and federal regulators are investigating morgan stanley of laundering money with clients. >>> and fuzzy panda allegations of the insurance fraud calling the report misleading. globe life is looking at a short position. >>> and cathie wood's ark fund is exploding in openai stock. >>> here is what to wat
guests are gina raimondo and actress drew barrymore. to learn more, scan the qr code on the screen or go to cnbc.com/changemakers. we are back in just a moment. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. >>> welcome back. time for the "wex wrap-up." the wall street journal reporting china directing the telecom...
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Apr 9, 2024
04/24
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gina raimondo said the investment is significant for the semiconductor ambitions. >> a.i. runs on 2 nanometer. right now, the u.s. makes zero of the chips in america. tsmc will make them in america at scale. it is good for the economy and national security. you can't be a great nation if you buy all of your leading edge chips from one company in a foreign country. >> andsamsung is set to receive $6 billion subsidy from the u.s. government to expand the plant. it will double the factory from the agreement. >>> and turning to congress. it is back in session today after the two-week holiday recess. they are facing debate over aid to israel and ukraine a and taiwan. we have drew petrimeaux with more from washington. >> reporter: house republicans impeached mayorkas in february. there will able short trial with the republicans taking to the senate floor yesterday to make the case for a full trial. 67 votes are needed for conviction. with the democrats in control of the senate, it is almost certain to fail. in the house, members return today and funding for ukraine, israel and t
gina raimondo said the investment is significant for the semiconductor ambitions. >> a.i. runs on 2 nanometer. right now, the u.s. makes zero of the chips in america. tsmc will make them in america at scale. it is good for the economy and national security. you can't be a great nation if you buy all of your leading edge chips from one company in a foreign country. >> andsamsung is set to receive $6 billion subsidy from the u.s. government to expand the plant. it will double the...
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Apr 22, 2024
04/24
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. >> commerce secretary gina raimondo is a fast-rising star in the democratic party,
. >> commerce secretary gina raimondo is a fast-rising star in the democratic party,
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Apr 8, 2024
04/24
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commerce secretary gina raimondo will join the conversation. >>> and we'll hear from democratic senator tim kaine. a busy "morning joe" a few moments away. fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge. i thought i knew a lot about our irish roots; i was surprised to learn so many more things. there's the family name. 1892 wow. that one here is the boat they came over on. yes. wow. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. when you have chronic kidney disease, there are places you'd like to be. like here. and here. not so much here. farxiga reduces the risk of kidney failure which can lead to dialysis. ♪ far-xi-ga ♪ ♪♪ farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract or genital yeast infections and low blood sugar. a rare, life-threatening bacterial infection in the skin of
commerce secretary gina raimondo will join the conversation. >>> and we'll hear from democratic senator tim kaine. a busy "morning joe" a few moments away. fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge. i thought i knew a lot about our irish roots; i was surprised to learn so many more things. there's the family name. 1892 wow. that one here is the boat they came over on. yes. wow. here's to...
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Apr 17, 2024
04/24
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FBC
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microsoft is up nearly $3 -- lauren: gina raimondo at commerce likes it too. stuart: they're going to vote on musk's pay package. do they want to reinstate it? lauren: they do. and they want to reincorporate tesla from delaware to texas. just to put this story very simply to you, shareholders like e ron musk, and texas likes elon musk. they kind of go together. that a pay package, by the way, that that's been disputed in delaware is now worth just $40 billion because of the decline in tesla shares. they're dead flat at 157 right now, and they're at a 1-year low. the chair of the tesla board says musk has not been paid for decision years, and he deserves it. shareholders in june will vote on whether to move tesla's incorporation from delaware to texas. and also, you know, to reinstate that pay package for him. two quick side notes, cathie wood is a bull, she bought 21,000 additional he's that shares. and you have the next -- additional shares, and you have the next catalyst tuesday, earnings. stuart: the stock though 156, dead flat as we speak. lauren: because
microsoft is up nearly $3 -- lauren: gina raimondo at commerce likes it too. stuart: they're going to vote on musk's pay package. do they want to reinstate it? lauren: they do. and they want to reincorporate tesla from delaware to texas. just to put this story very simply to you, shareholders like e ron musk, and texas likes elon musk. they kind of go together. that a pay package, by the way, that that's been disputed in delaware is now worth just $40 billion because of the decline in tesla...
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Apr 8, 2024
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. >> that was secretary of commerce gina raimondo on 'quack "squawk on the street" this morning. the biden administration giving t tsmc $6 billion with an additional possibility for $5 billion in loan. intel holds the biggest grant, with $8.5 billion award last month. where should we be giving a non-u.s. company that could be taken over by the chinese, in theory, all these billions? does it matter that this taiwanese company is manufacturing in the u.s. if it is still a taiwanese company that is, in theory, under the thumb of the communist party? >> all good points. another point is, you know, what does this do to u.s./china relations? how do they interpret this? is this an escalation of already strained relationships? i have no idea, but you made a point in one of our calls today, like, why can't a company like intel take this and run with the ball? is it about indictment on u.s. companies? >> of course it is. you just heard, what we have in the chips. zero. so, i mean, it tells you what they've not been doing. it also, you know, frankly, this project in arizona hasn't gone so w
. >> that was secretary of commerce gina raimondo on 'quack "squawk on the street" this morning. the biden administration giving t tsmc $6 billion with an additional possibility for $5 billion in loan. intel holds the biggest grant, with $8.5 billion award last month. where should we be giving a non-u.s. company that could be taken over by the chinese, in theory, all these billions? does it matter that this taiwanese company is manufacturing in the u.s. if it is still a...
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Apr 29, 2024
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with africa amid the planned withdrawal of us troops from some african countries commerce secretary gina raimondo. >> raimondo traveled to kenya last week with a message that washington wants to ramp up trade and investment in the region. cnn's larry madowo sat down with the circuitry for this exclusive interview. >> we want to invest, we want to be the partner of choice. we're not going to force you to choose us. we think we're the best, we think we offer opportunities it's consistent with your values of freedom and democracy. and so we want to be the partner that you choose to work with. >> so secretary, why is the us the best? over and say china or russia that also making big moves into the continent why the us the best four african countries, because like you, we are a democracy like we believe in freedom we believe in an open internet. >> we believe in the market entrepreneurial ism that you have here. there aren't strings attached it's an opportunity to partner together and also, i mean, the us has best tech companies in the world, deepest capital markets best protection of ip. so
with africa amid the planned withdrawal of us troops from some african countries commerce secretary gina raimondo. >> raimondo traveled to kenya last week with a message that washington wants to ramp up trade and investment in the region. cnn's larry madowo sat down with the circuitry for this exclusive interview. >> we want to invest, we want to be the partner of choice. we're not going to force you to choose us. we think we're the best, we think we offer opportunities it's...
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Apr 8, 2024
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this morning i got to interview gina raimondo about a grant that taiwan semiconductor so it can help support an investment of $65 billion in leading edge semiconductor foundries in phoenix, arizona. if it takes $6.5 billion to get $65 billion investment, that's pretty darn good carrot. when we drilled down, madam secretary said the project would create 20,000 construction jobs and 6,000 direct manufacturing jobs when finished. i, frankly, was flabbergasted, because i couldn't even imagine where they're going to find these people. it's going to be borderline impossible with unemployment this low. we simply don't have enough documented and permitted construction workers in that part of the country. and america doesn't produce enough engineers to ensure that taiwan semi can get things going by the end of the decade. given that these are the best of the best chips, at least for right now, we're going have to recruit like you wouldn't believe. we only produce 70,000 undergraduate engineers right now. taiwan, a small island nation with not even a tenth of our population has 11 major engine
this morning i got to interview gina raimondo about a grant that taiwan semiconductor so it can help support an investment of $65 billion in leading edge semiconductor foundries in phoenix, arizona. if it takes $6.5 billion to get $65 billion investment, that's pretty darn good carrot. when we drilled down, madam secretary said the project would create 20,000 construction jobs and 6,000 direct manufacturing jobs when finished. i, frankly, was flabbergasted, because i couldn't even imagine where...
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Apr 15, 2024
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gina raimondo is going to be on the network a little bit later today, i think at 2:00 p.m. hour, commerce secretary talking about that. >>> let's check on the futures right now. there is a bit of a relief trade going on, the s&p 500 up about 24 points. that's around a third of what was lost on friday when the market did sell off on some tough bank earnings reactions as well as anticipation, perhaps, of escalation in the middle east. you see the dow up 111 points and the nasdaq is the outperformer in percentage terms up 104 in the premarket. now to iran's attack on israel over the weekend. iran launched more than 300 drones and missiles against military targets. israel said 99% of those were inte intercepted. eamon javers joins us with the details. >> good morning, mike. in jerusalem, prime minister benjamin netanyahu is set to convene his war cabinet right now at this hour. this is the body that can decide on any israeli response to the iranian attacks over weekend. so we'll see whether this conflict can be contained in the days to come. now, the white house said this weeke
gina raimondo is going to be on the network a little bit later today, i think at 2:00 p.m. hour, commerce secretary talking about that. >>> let's check on the futures right now. there is a bit of a relief trade going on, the s&p 500 up about 24 points. that's around a third of what was lost on friday when the market did sell off on some tough bank earnings reactions as well as anticipation, perhaps, of escalation in the middle east. you see the dow up 111 points and the nasdaq is...
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Apr 3, 2024
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senior officials, including commerce secretary gina raimondo, had been part of seed and cybersecurity reporter, sean lyngaas is with us now what's going on here? shot? >> john cyber espionage by world powers where there'd be russia, china, or the us is going to happen. there's going to be spying on email accounts but the way in which this happened is really incensed senior us officials. it was the state department and not microsoft that originally caught the alleged chinese hackers snooping through their email systems. and this new review that you referenced was out last night, found that this issue was entirely preventable, that microsoft did not have a good idea of access to a cryptographic key that the company uses to sign emails that the chinese hackers were allegedly able to to now, microsoft has owning up to this. they've said that they're instituting a series of changes in their security practices. and that there are a constant target of state-backed hackers. and that is absolutely true. but what this shows is that major tech companies microsoft, google, others are going to be
senior officials, including commerce secretary gina raimondo, had been part of seed and cybersecurity reporter, sean lyngaas is with us now what's going on here? shot? >> john cyber espionage by world powers where there'd be russia, china, or the us is going to happen. there's going to be spying on email accounts but the way in which this happened is really incensed senior us officials. it was the state department and not microsoft that originally caught the alleged chinese hackers...
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Apr 23, 2024
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this report comes after gina raimondo said we are out shipping you, we are better than you. our product is better. is it? huawei is taking apple's market share. jonathan: it has been said that this is an apple problem. this is a growing market losing market share. we have seen that against the likes of huawei rising to the top. my favorite story this morning is this one right here. the u.s. federal trade commission and its $8.5 billion takeover. this is coach going after versace. the government is worried about more expensive handbags. is this the story? anne-marie: they voted unanimously on this. what i take question of is why was this able to get through the regulators in europe, which is a highly regular place and japan, yet it cannot get through the u.s. ftc. this remains the question of can any deal get through with this antitrust enforcement individuals at the top? lisa: you need your jimmy choos. we have seen real inflation in luxury. the price gouging in the luxury factor, it is time to target it. obviously, michael kors handbag, shoes, a little bit cheaper now, mayb
this report comes after gina raimondo said we are out shipping you, we are better than you. our product is better. is it? huawei is taking apple's market share. jonathan: it has been said that this is an apple problem. this is a growing market losing market share. we have seen that against the likes of huawei rising to the top. my favorite story this morning is this one right here. the u.s. federal trade commission and its $8.5 billion takeover. this is coach going after versace. the government...
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Apr 8, 2024
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congresswoman gina raimondo brings us an update straight ahead on "morning joe." the only migraine medication that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine. talk to a healthcare provider about nurtec odt from pfizer. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo what will you do when the power goes out? power outages can be unpredictable and inconvenient. but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage it automatically powers up, giving your family the security and peace of mind they deser
congresswoman gina raimondo brings us an update straight ahead on "morning joe." the only migraine medication that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine....
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Apr 15, 2024
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commerce secretary gina raimondo told reporters yesterday each of the two logic fabs that samsung will be building will be the size of 11 football fields, only one part of the project that will be here. we'll talk with her about this investment later today on "power lunch." guys? >> coming up, the tsm grant and loan from last week about arizona, it's amazing the ways in which the southern united states economy is changing when it comes to tech. >> absolutely. i think officials here told us yesterday they expect this to be a transformative investment fo for tailor. the chips act and the biden administration other stimulus programs have really been a part of that. you can really see that here with the number of cranes going up, the amount of new housing that's going up. it's been a big part of the development here in texas. >> appreciate that. we'll get tsm earnings on thursday as itepertains to supp chains, tim cook in hanoi today for a couple days committing their supply chain will get diversified in the years to come. >> vietnam, a key part of that, and he was in china a few weeks ago
commerce secretary gina raimondo told reporters yesterday each of the two logic fabs that samsung will be building will be the size of 11 football fields, only one part of the project that will be here. we'll talk with her about this investment later today on "power lunch." guys? >> coming up, the tsm grant and loan from last week about arizona, it's amazing the ways in which the southern united states economy is changing when it comes to tech. >> absolutely. i think...
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Apr 19, 2024
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look, asmlf was a disappointment gina raimondo is so good, and taiwan semi's really the one that's embracing -- and micron i can't get bearish on chips ahead of the biggest refresh cycle in pc history. i can't get bearish on chips when i listen to michael dell talk about what's going to happen in the future but i understand people don't know what they own my father lost all of our money on a company called national video because they had the best picture tubes for tv solid state. nvidia is not national video it's a real company that is -- that has a giant, giant refresh that is so amazing that it's going to make it so intel and amd are left in the dust people look at the stock and foment reasons why it's been going down that's been the way since we bottomed in october. it's like, oh, that stock is down let me give you a thesis of why it's down. i'll give you a thesis of why procter & gamble is down people are selling it. but they have not bothered to do the work and it's very frustrating. i know that's against the grain to buy procter, but i need you to think about a dividend aristocrat that
look, asmlf was a disappointment gina raimondo is so good, and taiwan semi's really the one that's embracing -- and micron i can't get bearish on chips ahead of the biggest refresh cycle in pc history. i can't get bearish on chips when i listen to michael dell talk about what's going to happen in the future but i understand people don't know what they own my father lost all of our money on a company called national video because they had the best picture tubes for tv solid state. nvidia is not...
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Apr 17, 2024
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. >> that was actually whafs going to ask, i mean, we've seen gina raimondo countless times talking about facilities in arizona and potentially texas as well with samsung. they got a lot of equipment to buy, don't they? >> especially these machines. tsm -- they had a party and you need several 18-wheeler trucks because it's such a large machine and had to bring in workers from taiwan because a lot of american workers didn't know how to work with those machines, so it does bode well for equipmentmaker but you're seeing a negative reaction, kla, applied materials, lem, all of those are down 2% but it seems like the street reaction is, hey, you know, long term there's still a lot of strength because asml reiterated their outlook and saw growth and are positive on china as well despite export controls. >> they are banned from providing certain machines to china, aren't they? >> high-end machines. that weighed on -- was weighed on by those machine sales. >> are they subject to all the rules that the u.s. semis are subjected to because they are a dutch company. >> no, that's why the united stat
. >> that was actually whafs going to ask, i mean, we've seen gina raimondo countless times talking about facilities in arizona and potentially texas as well with samsung. they got a lot of equipment to buy, don't they? >> especially these machines. tsm -- they had a party and you need several 18-wheeler trucks because it's such a large machine and had to bring in workers from taiwan because a lot of american workers didn't know how to work with those machines, so it does bode well...
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Apr 18, 2024
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raimondo, commissioner of the wnba, scan the qr code or visit cnbcevents.com/change makers for more. great nvticoersaons all day at that event we're back in two. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "squawk on the street." shares of netflix have reversed up a bit today the company will report after the bell our next guest keen on strong engage mjts and higher industry pricing. has buy rating on the stock. price target 700 alan, good to have you here. what are the trends that give you confidence going into the earnings print where you think it's going to be a good one? >> number one nielsen comes out with monthly data on share of television consumption netflix was at almost 8% this quarter, second best quarter they've had. secondly, netflix has started giving out weekly data on the top 40 shows or top ten show
raimondo, commissioner of the wnba, scan the qr code or visit cnbcevents.com/change makers for more. great nvticoersaons all day at that event we're back in two. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to...
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Apr 5, 2024
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raimondo, our great secretary of commerce, and they were busy attacking us, cyber, while she was there. the tensions are a little too great for me and i will feel better at 5:00 a.m. when i wake up to watch sara speak to janet yellen. >> on monday. in terms of israel, the idf dismissing some commanders on the death of these wck workers. if, though, jim, there was some move to create more civilian safety, create more passages for aid, would that be necessarily equity bullish? >> you know, i hate -- it's like human life versus -- yeah. it would be. but it would be reflected as oil going down. and if oil went down, i think it would be -- that would make people feel like, wait a second, we're overdoing worry. i know that opec plus has been very good. i'm trying -- i have rusty braziel on. a lot of people are mad about biden and the lng. >> yes. >> 2028. people cutting back on that. but i think oil is front and center. if oil goes higher today, you can't buy it, because oil is saying, we're not going up because of demand here. we're going up because of concern about supply. so, let's get oi
raimondo, our great secretary of commerce, and they were busy attacking us, cyber, while she was there. the tensions are a little too great for me and i will feel better at 5:00 a.m. when i wake up to watch sara speak to janet yellen. >> on monday. in terms of israel, the idf dismissing some commanders on the death of these wck workers. if, though, jim, there was some move to create more civilian safety, create more passages for aid, would that be necessarily equity bullish? >> you...
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Apr 22, 2024
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gina raimondo saying huawei's latest phones trails the u.s. in terms of chip technology. we have the most sophisticated semiconductors in the world. we have out innovated china. annmarie: lesley stahl says by we, you mean taiwan. she says fair. jonathan: that trip last summer, going to china, huawei unveiling that phone. is that a snapback of this? annmarie: remember also they were spying on her. leaks into her emails. she took it as, they know my work here is important. jonathan: do you just expect to be spied on as a foreign leader landing in china? lisa: i spoke with an executive who went there that serves on different boards who says they use a burner phone and laptop, and that is what everyone knows when they go there because they know they will be spied on. it is protocol, if you are an executive, anytime you go to china. people do not bring their cell phones to china because of just that. jonathan: interesting exchange with the commerce secretary overnight. shares of tesla falling in the premarket after the automaker cut prices on a range of models potentially spar
gina raimondo saying huawei's latest phones trails the u.s. in terms of chip technology. we have the most sophisticated semiconductors in the world. we have out innovated china. annmarie: lesley stahl says by we, you mean taiwan. she says fair. jonathan: that trip last summer, going to china, huawei unveiling that phone. is that a snapback of this? annmarie: remember also they were spying on her. leaks into her emails. she took it as, they know my work here is important. jonathan: do you just...
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Apr 29, 2024
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one will be gina raimondo, , the commerce secretary, the famous actress michelle yeoh from everywhere, everything everywhere all at once. and, but the question of said fifth anniversary of a nato of o representing artist in which leadership award, distinct military award to general cavoli, sipping on the command of your emerald to special salute that eating tainted s well. and we will be driving conversations about nato this entire year. as atlantic council always does with its particular emphasis this year. we have seen clearly in the bravery, to bravery of ukrainian people, even as russia continues to leverage its war machine against ukraine. russia's war cast a dark shadow over the summit proceedings this july, and mandates and allies response appropriate to this historic moment. i write an occasional column called inflection points. i wrote at of the congressional decision on the supplemental i would geopolitical malpractice not to pass. i'm really glad they did pass at her with going to come to that and a second of what should come next. as heads of state and, convenient washingt
one will be gina raimondo, , the commerce secretary, the famous actress michelle yeoh from everywhere, everything everywhere all at once. and, but the question of said fifth anniversary of a nato of o representing artist in which leadership award, distinct military award to general cavoli, sipping on the command of your emerald to special salute that eating tainted s well. and we will be driving conversations about nato this entire year. as atlantic council always does with its particular...
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Apr 8, 2024
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gina raimondo will be on "squawk on the street" to talk about the chips act and the award at 9:30 a.m. eastern. that is good news for taiwan semiconductor and good news for america. not as good news for folks like intel and others that wanted access to the chip awards. >> it is important we have production in the united states. the idea of it being in phoenix is huge. 80% of those chips produced in taiwan. that is a dicey situation. we saw how concerning it is to have too much of your supply chain located in one place in the pandemic. this will be a change that brings about needed production in the united states. >> a foreign ally, but competitor. would you prefer to have it owned by an american company? do we have the resources to do it? >> that's the issue. >> that's part of the problem. >> ultimately, would you prefer it be made by u.s. suppliers? yes. the important thing is it is produced here and they have the know how. i'm sure there will be a lot of debate about the award. >>> treasury secretary janet yellen janet yewrapping up her whine. she spoke to cnbc's sara eisen. >> it s
gina raimondo will be on "squawk on the street" to talk about the chips act and the award at 9:30 a.m. eastern. that is good news for taiwan semiconductor and good news for america. not as good news for folks like intel and others that wanted access to the chip awards. >> it is important we have production in the united states. the idea of it being in phoenix is huge. 80% of those chips produced in taiwan. that is a dicey situation. we saw how concerning it is to have too much...
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Apr 12, 2024
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sources say the biggest memory chipmaker plants are the project in texas alongside, secretary gina raimondo. lisa: thank you so much. pushing back the rate cut timeline. >> the recent data has not materially changed my outlook but they do highlight uncertainties related to timing and the need for patients. lisa: that is next. this is bloomberg. ♪ lisa: it is anything but boring. looking at market digesting the 1-2-3 punch of cpi, pp and then bank earnings. we are seeing equity market retracing the declines from earlier as they digest some of the earnings from the likes of jp morgan and wells fargo. what we can see is a real question about what higher for longer means for banks. we are seeing this question of net interest income coming in beneath expectations of both jp morgan and wells fargo. the question is will a protracted high rate environment be a good thing or bad thing? the answer often is it depends. under surveillance is that rate cut picture, pushing back rate cut timeline. >> recent data has not materially change my outlook but they do highlight uncertainties related to timing
sources say the biggest memory chipmaker plants are the project in texas alongside, secretary gina raimondo. lisa: thank you so much. pushing back the rate cut timeline. >> the recent data has not materially changed my outlook but they do highlight uncertainties related to timing and the need for patients. lisa: that is next. this is bloomberg. ♪ lisa: it is anything but boring. looking at market digesting the 1-2-3 punch of cpi, pp and then bank earnings. we are seeing equity market...
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Apr 4, 2024
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officials including commerce secretary gina raimondo. want to bring in chris krebs, formerly ran cyber policy for microsoft, serves as the inaugural director of the u.s. department of homeland security cybersecurity infrastructure security agency. some members are on the board that produced the new report. so you're in an interesting position here, i don't know how much you're going to say or not say or how you want to play this, chris, given your involvement with all different aspects of this. first of all, let's just say, do you agree with the report? meaning is microsoft in the wrong here? >> yeah, look, it is pretty disheartening to read as a former microsoft employee. particularly as part of a trustworthy computing team. in 2002, 2003, bill gates sent around a memo, the trustworthing computing memo, that effectively shut down all development across microsoft in the wake of windows xp and took two months. they got their security culture back in order and they effectively led industry, they developed the software development life cycl
officials including commerce secretary gina raimondo. want to bring in chris krebs, formerly ran cyber policy for microsoft, serves as the inaugural director of the u.s. department of homeland security cybersecurity infrastructure security agency. some members are on the board that produced the new report. so you're in an interesting position here, i don't know how much you're going to say or not say or how you want to play this, chris, given your involvement with all different aspects of this....
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Apr 10, 2024
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if you were advising the administration, gina raimondo who is giving out money and the biden administration about how to give out this money, they gave out 6 plus billion dollars, is that how you do it? is the taiwan semiconductor the only one with the skills to do this or would you give more money to typically american businesses or do we not know how to make this all happen? >> well, you know, judging industrial policy is a complex thing and i have a hard enough time trying to get stocks right. that's sort of my focus. but i would say, you know, i think it certainly makes sense to do both, which is what is happening. you're subsidizing the current income, tsmc, in advancement and manufacturing. but we're all sitting here hoping that intel can be a viable competitor in the very high end of the market in the next couple of years and outline the process technology that should allow them to do that. there is promise in both areas. from the standpoint of stocks, though, you know, we're sitting in an environment, semiconductors, where there is at least adequate capacity. maybe too much capacity
if you were advising the administration, gina raimondo who is giving out money and the biden administration about how to give out this money, they gave out 6 plus billion dollars, is that how you do it? is the taiwan semiconductor the only one with the skills to do this or would you give more money to typically american businesses or do we not know how to make this all happen? >> well, you know, judging industrial policy is a complex thing and i have a hard enough time trying to get...