Economic Outlook - Federal Reserve Bank of San Francisco President Mary Daly highlighted increasing economic vulnerability despite the current positive state of the U.S. economy, emphasizing the need to balance policy rates to manage inflation around 3% without sacrificing jobs [2][3][8] - Daly noted that labor market slack is increasing, indicating potential weaknesses that could affect policy decisions, and expressed surprise at the economy's resilience while acknowledging its growing vulnerability [3][8] Manufacturing Investment - U.S. Steel announced a $75 million investment in its Alabama plant, aimed at enhancing American manufacturing capabilities and expected to create approximately 250 construction jobs [4][8] Debt Offerings - Alphabet successfully executed a €6.5 billion multi-part debt offering in Europe and attracted approximately $90 billion in demand for its U.S. dollar bond sale, reflecting strong investor confidence in the company's financial stability [5][8] Rare Earth Production - The U.S. government, through the Commerce and Pentagon departments, plans to fund and potentially acquire stakes in a U.S. rare earth magnet manufacturer to strengthen domestic supply chains and reduce reliance on foreign sources amid geopolitical tensions [6][8] Transportation Incident - BNSF reported a train derailment near Teague, Texas, disrupting a main track with an undetermined reopening time, which could impact freight movement in the region [7][8]