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Cspanshop. Org. Commerce secretary Gina Raimondo discussed investments in artificial intelligence, supply chains and the Semiconductor Industry at an event hosted by the center for strategic and international studies. She says the u. S. Is aiming to manufacture 20 of leading edge logic chips by 2030, which are used in emerging technologies such as ai. She talked about the significance by pointing out that production is currently at zero. This is about 45 minutes. States. Good morning and welcome. Im a senior fellow here and i direct our American Innovation act here. Innovation is our nations Economic Growth and competitiveness and National Security and semiconductors are the platform on which ou ....
As to the longer rates narrative. Pets on a november fed hike rising to about 60 . Apple sliding the most in a month under reports of some government chinese agencies banning the use of iphones. We get japans travel outlook exclusively from the ana ceo who tells us that demand from china is soaring. If you look at u. S. Futures, it looks to be shaping up in a fourthdown day. The asia session could change that. We are early in the session. They are pointing lower. I just want to give that warning right now. It looks like we might see little bit more weight to bonds. Yields higher once again today after all of that data. Service is showing a lot of strength but also strengthen prices paid, which is perhaps the most troubling aspect of this whole thing. That adds to inflation. With oil prices assize they are at the moment, thats another troubling factor for those worried about inflation. Those include some fed Board Members and some f ....
Live coverage here on cspan. Needless to say, our committee has been working very diligently on a lot of transformational policy. While were waiting for our colleague here, i think ill thank senator wicker again for his work on the chips and p science act. I think people may not remember but this committee i dont know how many amendments we processed. Sen. Cantwell ity know it was in the hundreds. It might have been in the 300s. But i definitely believe that that kind of regular order process was good for the institutioned good for institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that and understand much of the debate that maybe wasnt as clear in a big public perspective as it was to all of us who were working behind the scenes daily to try to figure this policy out. Ok, well go ahead and get started and when my colleague gets here, hopefully hell be here soon, we will let him make his opening statement. But welcome, sec ....