Good morning Today Panasonic will open its 4 billion dollars -ev battery system in de Soto, Kansas. It is a green optimism -shoot The end of a tax credit of 7,500 US dollarsThanks to the “big, beautiful bill”, which has now been signed in the law. (Ford was able to retain its federal tax credits at the last minute. In the meantime, meanwhile, meanwhile, Honda recently postponed his EV investment In Canada and Demand in Tesla’s largest EV work is below.)
I talked to Megan Myungwon Lee, CEO from Panasonic North America, about today’s news and the next in a cloudy environment for clean energy. “This is a great long -term commitment that started four years ago,” she said. “Every CEO is the task of navigating and making decisions in very ambiguous and uncertain times.”
Lee prefers to focus on the positive. “I’m not saying that it is easy,” she told me. “But the current administration and the former administration believe that it is to bring technology into the market and create jobs, and that’s what we do.”
While the new political environment could delay the schedule for increasing complete production, around 1,100 of the 4,000 expected employees were hired. And Lee expects to stay on this plan despite AI, and the Japanese company recently announced plans to reduce 10,000 jobs worldwide, about 4% of its workforce.
“Our manufacturing process is already very automated and for the volume we produce, we will still need a few thousand employees at this time to operate the factory in Kansas.”
And she tackles the challenges that everyone in the industry is now facing: “Especially in the battery business, the supply chain is global; there are raw materials that we simply cannot get on site,” she added. But Panasonic transformed its supply chain while Covid and “Our goal is to carry out at least 50% of our supply chain in this region by 2030.”
“It is a wonderful start and definitely a celebration, but we have to make sure that the business is successful and there is a healthy return.” Further news below.
Contact the CEO every day via Diane Brady diane.brady@fortune.com
Top messages
New tariffs on the EU and Mexico
On Saturday, President Trump imposed 30% tariffs to his two largest trading partners in Europe and Mexico. CNBC notes that the markets were closed that day. The EU is still formulating an answer.
Why is the inflation not displayed?
Economists have been warning for months that the tariffs would cause inflation plants, but from July there are hardly any indications in economic data, despite the tariffs already raised by the Ministry of Finance in the amount of around 100 billion US dollars. Assets Asked economists To explain why. The possible reasons range from “It is too early” to “Consumers will not stand for it”.
Trump could Feds Powell, NEC director, says, says NEC director
Director of the National Economic Council Kevin Hassett left the door Open for the forced removal of the US chairman Reserve, Jerome Powell, in comments on ABC on Sunday. A decision is made after Powell is sent to him on the letter from Office of Management and Budget sent to him, which Ross Vought sent him, the Powell accuses the renovation of the Fed’s headquarters. “I think whether the president decides to push this street or not depends on the answers that we ask the questions that Russ has sent to the Fed,” said Hassett. The vought Letter gives Powell seven working days to answer.
Google’s chrome may be susceptible to the AI browser competition
KI startups break into the web browser business and represent a threat to one of Google’s largest companies. The confusion that started its own AI -capable web browser Comet, leads the fee. Experts say Google’s relative slowness on AI has left an opening that gives AI startups the opportunity to achieve market shares.
Get ready for the coffee price to climb
Trumps 50% taxes for imports from Brazil are likely to survive the coffee price in the USA 30% of all coffee Drunk in America comes from Brazil. In May the coffee was $ 7.93 per pound, compared to $ 5.99 in the previous year. The NYT reports.
Trump seems serious to arm Ukraine
The President said he was sending Patriot rockets to Ukraine and he seems to stay dramatically from Putin. “I have not yet approved the number (from rockets), but they will have some because they need protection,” said Trump on Sunday. “But we will send … We will send you patriots that you urgently need because Putin really surprised many people. He speaks nice and then he bombs everyone in the evening.” Some of the poor can include long -term rockets that can reach deeply for Russia. Axios reports.
Apple’s Tim Cook at the age of AI
Apple has dropped significantly in the race for the development and introduction of AI products and services. Assets‘S Geoff Colvin analyzed How this delay puts a traces of CEO Tim Cook’s otherwise successful inheritance.
Benioff about Ai against people
The CEO of Salesforce, Marc Benioff Finance times Last week that Adopt ai led to a break in the setting of engineers and led to a considerable amount of employee recess stratification in the first quarter. AI agents are now editing 85% of customer service issues and developing 25% of the net new F&E code in the quarter, said Benioff.
Trading expert “unreliable” tariffs
Trade expert Kristen Hopewell told Assets The paper is not worth that President Donald Trump’s “unreliable” trade strategy “Every deal you are correct with the administration is not worth it.” According to Hopewell, “he can just come back and challenge more.”
The markets
S&P 500 The futures were 0.39%this morning, Premarket. The index itself closed by 0.33%on Friday, but remains close to its all -time highs. Bitcoin is now over $ 122,000, another high. South Korea Kospi Had rose by 0.83% this morning. The Stoxx Europa 600 had dropped by 0.41% in early trade. The Great Britain FTSE 100 had increased by 0.37% in early trade. Hong Kongs Hang Seng had increased by 0.26%. Japan Nikkei 225 had dropped by 0.28%. China CSI 300 Index Was flat and stayed over 4,000 nuns, it is an all-time high.
From the analysts
WEDBUSH at KI use: “The use of Gemini in the past three months has the consumer, while the preference has continued to be switched on compared to other generative AI tools. 30% of consumers have been impressed in the past three months that they have used Gemini.
Goldman Sachs about the price increase of homes: “We will reduce our forecasts for the increase in value of the US -own home price over the next two years to +0.5% in 2025 and +1.2% in 2026 compared to our earlier forecasts of 3.2% or 1.9%”, according to Vinay Viswanathan et al.
Wedbus on shares: “S&P 500 is almost overbought and the mood / exposure of investors is increasing, but we remain sanguin. Surprised by a higher volatility in the coming months”, according to Seth Basham and ABE Rimatzki.
To the watercolor seal
Cybercrime is a big business in Asia, and the AI could be about to worsen things By Nicholas Gordon
Elon Musk and some democrats such as Reid Hoffman actually share similarities for US debt By Jason Ma
Openais 3 billion US dollar deal with KI coding start -Start -start -start Windsurf, since Google receives for license contract By Allie Garfinkle
The Wall Street appears 35% Canada tariff as a negotiation tactic: “Tariffs are Trump’s hammer for every nail” By Paolo Conneino
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