Josh Stein is the 76th governor of the state of North Carolina. First year in office, I think I got to break it to you. It doesn't get any easier from here.No, congratulations. We're really excited here in North Carolina. We We are open for business.Since January 1, we have announced more than $20 billion of investment producing over 23,000 jobs here in North Carolina. We're one of the third fastest growing state in the country. We have a solid growing economy, but it's all about our people.We have the most ...

Core Insights - Ingersoll Rand Inc. has achieved significant milestones in sustainability, innovation, and operational excellence in 2024, as highlighted in its sustainability report titled "Enabling Growth: Leading Sustainably with Purpose" [1][3] Sustainability Leadership - The company has been recognized globally for its sustainability efforts, ranking in the top 1% of the industry in the 2024 S&P Global Corporate Sustainability Assessment for the third consecutive year [7] - Ingersoll Rand was named to the "A List" by CDP for environmental stewardship and supplier engagement leadership for the second consecutive year [7] Environmental Impact and Operational Excellence - The company has made 61% progress towards its Science Based Targets initiative (SBTi) validated Scope 1 and 2 greenhouse gas emissions reduction goal of 42% [7] - Ingersoll Rand surpassed its water reduction goal with a 38% absolute reduction, exceeding the target of -17% [7] - The company achieved 74% progress toward its zero waste to landfill goal, aiming for more than 50% of sites to achieve this status [7] - A total recordable incident rate (TRIR) of 0.54 was achieved, which is 72% better than the industry average [7] People-First Culture and Safety Excellence - Approximately 3,900 employees were granted equity through the Ownership Works program, with over 25,000 employees receiving equity grants since May 2017 [7] - The employee engagement index score was maintained at 81, placing Ingersoll Rand in the top 10% of manufacturing companies [7]

Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [4] - The company supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties to major electrical utilities and railway operators across North America [4] - Stella-Jones also manufactures industrial products such as timbers for railway bridges, marine and foundation pilings, and coal tar-based products, alongside premium treated residential lumber for outdoor applications [4] Upcoming Events - A conference call is scheduled for August 7, 2025, at 10:00 AM Eastern Daylight Time, with a live webcast available [2] - The press release related to the conference call will be published before market opens on the same day [3] - A web recording of the meeting will be accessible from August 7, 2025, at 1:00 PM EDT until August 14, 2025, at 11:59 PM EDT [3]

I want to now bring in our Bloomberg TV and radio audiences worldwide. We're going to simulcast this. Joining us now is White House Council of Economic Advisers Chairman Stephen Meyer.And, Stephen, thanks very much for joining us. We were just listening to David Kostin of Goldman Sachs giving an optimistic view of the stock market and the way companies are dealing with tariffs. And I wonder how you think about the uncertainty that this creates.You definitely must have calculated that in coming up with this ...

Core Insights - Xometry, Inc. has launched its Teamspace solution in Europe, the UK, and Turkey, enhancing collaboration for customers on projects and custom part orders [1][2] - The Teamspace solution has already seen success in the US with over 7,000 teams created by Q1 2025, indicating strong enterprise engagement and potential for viral growth [2] - The expansion of Teamspace reflects a shift in customer needs towards more advanced, integrated solutions for manufacturing operations [3] Company Overview - Xometry operates an AI-powered marketplace that connects enterprise buyers with suppliers of manufacturing services, aiming to digitize the manufacturing industry [5] - The company provides critical resources for manufacturers and streamlines procurement processes through real-time pricing and lead time data [5] Teamspace Features - Teamspace offers real-time visibility and control over orders, allowing all team members to see shared quoting activity and order history, which enhances transparency and accountability [6] - The solution includes personalized user notifications for updates on quotes, order shipments, payments, and invoices, ensuring critical steps are not missed [6] - Designed to boost operational efficiency, Teamspace is particularly beneficial for distributed teams managing high-volume and complex custom part orders [6]

Geopolitical & Economic Landscape - China has become the world's second-largest economy and a military superpower, but faces industrial choke points hindering its independence [1] - These choke points make China vulnerable to US pressure in trade wars and export controls [1] Industrial Challenges & Opportunities - China faces challenges in advanced computer chips and essential manufacturing components [2] - China is systematically addressing these choke points using AI to accelerate progress [2] - Some choke points, like advanced semiconductor manufacturing, may take years or decades to resolve, while others are nearing resolution [2] Competitive Landscape - Products affected include carbon fiber for aviation and ball bearings for various industries [3] - European, Japanese, and American rivals are now on high alert due to improving Chinese quality and yield [3]

Hungary is struggling to turn its industrial sector around, data shows, as weakness in battery production continues to pull back manufacturing https://t.co/KYHEeen8gW ...

Economic Analysis of Greenville - Greenville's GDP growth has been phenomenal, but real wages have been below the national average since 1970 [1] - Real wages in Greenville peaked at approximately 90% of the national average around 1995 and have been declining since [1] - South Carolina is ranked 47th out of 51 in the country in terms of real wages [1] - Greenville has historically prioritized GDP growth over real wages, according to an AI analysis of strategic plans since 1907 [1] Impact of Artificial Intelligence - Artificial intelligence is accelerating the replacement of labor by capital in production [2] - Tasks within jobs are categorized as either prediction-related or judgment-related, with prediction-related tasks being more susceptible to automation [2] - The concept of a full-stack engineer is evolving to encompass hardware and software expertise [2] - The manufacturing industry is currently in a "between times" phase with AI, similar to the early days of electricity, where the transformative potential is recognized but the specific applications are still unclear [3] Strategic Recommendations for Greenville - Develop innovation labs immediately to explore the next generation of manufacturing (Industry 4.0) [10] - Encourage the creation of new companies focused on AI automation, leveraging the $18 billion invested in early-stage AI companies over the last 24 months [11] - Recruit five of the top 200 AI automation companies (funded with over $10 million each) to establish offices in Greenville [12]

Production Shift & China's Response - China is observing manufacturing moving to countries like Vietnam and India and is attempting to counter this trend [1] - This counter-movement aims to attract specialized workers back to China, leveraging advantages in producing devices crucial to global markets, such as Apple's iPhones [1] iPhone Production & Location Factors - Tim Cook attributes iPhone production in China not only to cost reductions but also to the availability of specialized labor and equipment [2] - Reports indicate that while iPhone production in India may continue, the efficiency of the assembly line is likely to be affected [3] Cost & Quality Implications - Reduced assembly line efficiency in India could impact production costs and potentially the final product prices [3][4] - The quality of iPhone output from India is not necessarily expected to be affected [3]

Foxconn has asked hundreds of Chinese engineers and technicians to return home from its iPhone factories in India. The move is a major blow to Apple's manufacturing push in the South Asian country and may slow down the training of local workforce. You can see those shares are up.But I still want to dig deeper into this news because I think it makes a lot of difference to Apple's strategy to where Tim Cook wants to make these things. We've got Mandeep Singh, the head of technology analysis for Bloomberg Inte ...