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2022-03-02
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Biden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus
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2022-01-17
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14:54","market":"us","language":"en","title":"Biden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2216251491","media":"MarketWatch","summary":"Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPr","content":"<html><head></head><body><p>Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union address</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e9de16f5c407d8490412f0f645dc56c\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"/><span>President Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber on March 01, 2022 in Washington.</span></p><p>Here is the full text, as prepared for delivery, of President Joe Biden’s first State of the Union address, as released Tuesday by the White House.</p><p>Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.</p><p>Last year COVID-19 kept us apart. This year we are finally together again.</p><p>Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans.</p><p>With a duty to one another to the American people to the Constitution.</p><p>And with an unwavering resolve that freedom will always triumph over tyranny.</p><p>Six days ago, Russia’s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated.</p><p>He thought he could roll into Ukraine and the world would roll over. Instead he met a wall of strength he never imagined.</p><p>He met the Ukrainian people.</p><p>From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world.</p><p>Groups of citizens blocking tanks with their bodies. Everyone from students to retirees teachers turned soldiers defending their homeland.</p><p>In this struggle as President Zelenskyy said in his speech to the European Parliament “Light will win over darkness.” The Ukrainian Ambassador to the United States is here tonight.</p><p>Let each of us here tonight in this Chamber send an unmistakable signal to Ukraine and to the world.</p><p>Please rise if you are able and show that, Yes, we the United States of America stand with the Ukrainian people.</p><p>Throughout our history we’ve learned this lesson when dictators do not pay a price for their aggression they cause more chaos.</p><p>They keep moving.</p><p>And the costs and the threats to America and the world keep rising.</p><p>That’s why the NATO Alliance was created to secure peace and stability in Europe after World War 2.</p><p>The United States is a member along with 29 other nations.</p><p>It matters. American diplomacy matters. American resolve matters.</p><p>Putin’s latest attack on Ukraine was premeditated and unprovoked.</p><p>He rejected repeated efforts at diplomacy.</p><p>He thought the West and NATO wouldn’t respond. And he thought he could divide us at home. Putin was wrong. We were ready. Here is what we did.</p><p>We prepared extensively and carefully.</p><p>We spent months building a coalition of other freedom-loving nations from Europe and the Americas to Asia and Africa to confront Putin.</p><p>I spent countless hours unifying our European allies. We shared with the world in advance what we knew Putin was planning and precisely how he would try to falsely justify his aggression.</p><p>We countered Russia’s lies with truth.</p><p>And now that he has acted the free world is holding him accountable.</p><p>Along with twenty-seven members of the European Union including France, Germany, Italy, as well as countries like the United Kingdom, Canada, Japan, Korea, Australia, New Zealand, and many others, even Switzerland.</p><p>We are inflicting pain on Russia and supporting the people of Ukraine. Putin is now isolated from the world more than ever.</p><p>Together with our allies –we are right now enforcing powerful economic sanctions.</p><p>We are cutting off Russia’s largest banks from the international financial system.</p><p>Preventing Russia’s central bank from defending the Russian Ruble making Putin’s $630 Billion “war fund” worthless.</p><p>We are choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.</p><p>Tonight I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime no more.</p><p>The U.S. Department of Justice is assembling a dedicated task force to go after the crimes of Russian oligarchs.</p><p>We are joining with our European allies to find and seize your yachts your luxury apartments your private jets. We are coming for your ill-begotten gains.</p><p>And tonight I am announcing that we will join our allies in closing off American air space to all Russian flights – further isolating Russia – and adding an additional squeeze –on their economy. The Ruble has lost 30% of its value.</p><p>The Russian stock market has lost 40% of its value and trading remains suspended. Russia’s economy is reeling and Putin alone is to blame.</p><p>Together with our allies we are providing support to the Ukrainians in their fight for freedom. Military assistance. Economic assistance. Humanitarian assistance.</p><p>We are giving more than $1 Billion in direct assistance to Ukraine.</p><p>And we will continue to aid the Ukrainian people as they defend their country and to help ease their suffering.</p><p>Let me be clear, our forces are not engaged and will not engage in conflict with Russian forces in Ukraine.</p><p>Our forces are not going to Europe to fight in Ukraine, but to defend our NATO Allies – in the event that Putin decides to keep moving west.</p><p>For that purpose we’ve mobilized American ground forces, air squadrons, and ship deployments to protect NATO countries including Poland, Romania, Latvia, Lithuania, and Estonia.</p><p>As I have made crystal clear the United States and our Allies will defend every inch of territory of NATO countries with the full force of our collective power.</p><p>And we remain clear-eyed. The Ukrainians are fighting back with pure courage. But the next few days weeks, months, will be hard on them.</p><p>Putin has unleashed violence and chaos. But while he may make gains on the battlefield – he will pay a continuing high price over the long run.</p><p>And a proud Ukrainian people, who have known 30 years of independence, have repeatedly shown that they will not tolerate anyone who tries to take their country backwards.</p><p>To all Americans, I will be honest with you, as I’ve always promised. A Russian dictator, invading a foreign country, has costs around the world.</p><p>And I’m taking robust action to make sure the pain of our sanctions is targeted at Russia’s economy. And I will use every tool at our disposal to protect American businesses and consumers.</p><p>Tonight, I can announce that the United States has worked with 30 other countries to release 60 Million barrels of oil from reserves around the world.</p><p>America will lead that effort, releasing 30 Million barrels from our own Strategic Petroleum Reserve. And we stand ready to do more if necessary, unified with our allies.</p><p>These steps will help blunt gas prices here at home. And I know the news about what’s happening can seem alarming.</p><p>But I want you to know that we are going to be okay.</p><p>When the history of this era is written Putin’s war on Ukraine will have left Russia weaker and the rest of the world stronger.</p><p>While it shouldn’t have taken something so terrible for people around the world to see what’s at stake now everyone sees it clearly.</p><p>We see the unity among leaders of nations and a more unified Europe a more unified West. And we see unity among the people who are gathering in cities in large crowds around the world even in Russia to demonstrate their support for Ukraine.</p><p>In the battle between democracy and autocracy, democracies are rising to the moment, and the world is clearly choosing the side of peace and security.</p><p>This is a real test. It’s going to take time. So let us continue to draw inspiration from the iron will of the Ukrainian people.</p><p>To our fellow Ukrainian Americans who forge a deep bond that connects our two nations we stand with you.</p><p>Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Ukrainian people.</p><p>He will never extinguish their love of freedom. He will never weaken the resolve of the free world.</p><p>We meet tonight in an America that has lived through two of the hardest years this nation has ever faced.</p><p>The pandemic has been punishing.</p><p>And so many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more.</p><p>I understand.</p><p>I remember when my Dad had to leave our home in Scranton, Pennsylvania to find work. I grew up in a family where if the price of food went up, you felt it.</p><p>That’s why one of the first things I did as President was fight to pass the American Rescue Plan.</p><p>Because people were hurting. We needed to act, and we did.</p><p>Few pieces of legislation have done more in a critical moment in our history to lift us out of crisis.</p><p>It fueled our efforts to vaccinate the nation and combat COVID-19. It delivered immediate economic relief for tens of millions of Americans.</p><p>Helped put food on their table, keep a roof over their heads, and cut the cost of health insurance.</p><p>And as my Dad used to say, it gave people a little breathing room.</p><p>And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1% of Americans, the American Rescue Plan helped working people—and left no one behind.</p><p>And it worked. It created jobs. Lots of jobs.</p><p>In fact—our economy created over 6.5 Million new jobs just last year, more jobs created in one year</p><p>than ever before in the history of America.</p><p>Our economy grew at a rate of 5.7% last year, the strongest growth in nearly 40 years, the first step in bringing fundamental change to an economy that hasn’t worked for the working people of this nation for too long.</p><p>For the past 40 years we were told that if we gave tax breaks to those at the very top, the benefits would trickle down to everyone else.</p><p>But that trickle-down theory led to weaker economic growth, lower wages, bigger deficits, and the widest gap between those at the top and everyone else in nearly a century.</p><p>Vice President Harris and I ran for office with a new economic vision for America.</p><p>Invest in America. Educate Americans. Grow the workforce. Build the economy from the bottom up</p><p>and the middle out, not from the top down.</p><p>Because we know that when the middle class grows, the poor have a ladder up and the wealthy do very well.</p><p>America used to have the best roads, bridges, and airports on Earth.</p><p>Now our infrastructure is ranked 13th in the world.</p><p>We won’t be able to compete for the jobs of the 21st Century if we don’t fix that.</p><p>That’s why it was so important to pass the Bipartisan Infrastructure Law—the most sweeping investment to rebuild America in history.</p><p>This was a bipartisan effort, and I want to thank the members of both parties who worked to make it happen.</p><p>We’re done talking about infrastructure weeks.</p><p>We’re going to have an infrastructure decade.</p><p>It is going to transform America and put us on a path to win the economic competition of the 21st Century that we face with the rest of the world—particularly with China.</p><p>As I’ve told Xi Jinping, it is never a good bet to bet against the American people.</p><p>We’ll create good jobs for millions of Americans, modernizing roads, airports, ports, and waterways all across America.</p><p>And we’ll do it all to withstand the devastating effects of the climate crisis and promote environmental justice.</p><p>We’ll build a national network of 500,000 electric vehicle charging stations, begin to replace poisonous lead pipes—so every child—and every American—has clean water to drink at home and at school, provide affordable high-speed internet for every American—urban, suburban, rural, and tribal communities.</p><p>4,000 projects have already been announced.</p><p>And tonight, I’m announcing that this year we will start fixing over 65,000 miles of highway and 1,500 bridges in disrepair.</p><p>When we use taxpayer dollars to rebuild America – we are going to Buy American: buy American products to support American jobs.</p><p>The federal government spends about $600 Billion a year to keep the country safe and secure.</p><p>There’s been a law on the books for almost a century</p><p>to make sure taxpayers’ dollars support American jobs and businesses.</p><p>Every Administration says they’ll do it, but we are actually doing it.</p><p>We will buy American to make sure everything from the deck of an aircraft carrier to the steel on highway guardrails are made in America.</p><p>But to compete for the best jobs of the future, we also need to level the playing field with China and other competitors.</p><p>That’s why it is so important to pass the Bipartisan Innovation Act sitting in Congress that will make record investments in emerging technologies and American manufacturing.</p><p>Let me give you one example of why it’s so important to pass it.</p><p>If you travel 20 miles east of Columbus, Ohio, you’ll find 1,000 empty acres of land.</p><p>It won’t look like much, but if you stop and look closely, you’ll see a “Field of dreams,” the ground on which America’s future will be built.</p><p>This is where Intel, the American company that helped build Silicon Valley, is going to build its $20 billion semiconductor “mega site”.</p><p>Up to eight state-of-the-art factories in one place. 10,000 new good-paying jobs.</p><p>Some of the most sophisticated manufacturing in the world to make computer chips the size of a fingertip that power the world and our everyday lives.</p><p>Smartphones. The Internet. Technology we have yet to invent.</p><p>But that’s just the beginning.</p><p>Intel’s CEO, Pat Gelsinger, who is here tonight, told me they are ready to increase their investment from</p><p>$20 billion to $100 billion.</p><p>That would be one of the biggest investments in manufacturing in American history.</p><p>And all they’re waiting for is for you to pass this bill.</p><p>So let’s not wait any longer. Send it to my desk. I’ll sign it.</p><p>And we will really take off.</p><p>And Intel is not alone.</p><p>There’s something happening in America.</p><p>Just look around and you’ll see an amazing story.</p><p>The rebirth of the pride that comes from stamping products “Made In America.” The revitalization of American manufacturing.</p><p>Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas.</p><p>That’s what is happening. Ford is investing $11 billion to build electric vehicles, creating 11,000 jobs across the country.</p><p>GM is making the largest investment in its history—$7 billion to build electric vehicles, creating 4,000 jobs in Michigan.</p><p>All told, we created 369,000 new manufacturing jobs in America just last year.</p><p>Powered by people I’ve met like JoJo Burgess, from generations of union steelworkers from Pittsburgh, who’s here with us tonight.</p><p>As Ohio Senator Sherrod Brown says, “It’s time to bury the label “Rust Belt.”</p><p>It’s time.</p><p>But with all the bright spots in our economy, record job growth and higher wages, too many families are struggling to keep up with the bills.</p><p>Inflation is robbing them of the gains they might otherwise feel.</p><p>I get it. That’s why my top priority is getting prices under control.</p><p>Look, our economy roared back faster than most predicted, but the pandemic meant that businesses had a hard time hiring enough workers to keep up production in their factories.</p><p>The pandemic also disrupted global supply chains.</p><p>When factories close, it takes longer to make goods and get them from the warehouse to the store, and prices go up.</p><p>Look at cars.</p><p>Last year, there weren’t enough semiconductors to make all the cars that people wanted to buy.</p><p>And guess what, prices of automobiles went up.</p><p>So—we have a choice.</p><p>One way to fight inflation is to drive down wages and make Americans poorer.</p><p>I have a better plan to fight inflation.</p><p>Lower your costs, not your wages.</p><p>Make more cars and semiconductors in America.</p><p>More infrastructure and innovation in America.</p><p>More goods moving faster and cheaper in America.</p><p>More jobs where you can earn a good living in America.</p><p>And instead of relying on foreign supply chains, let’s make it in America.</p><p>Economists call it “increasing the productive capacity of our economy.”</p><p>I call it building a better America.</p><p>My plan to fight inflation will lower your costs and lower the deficit.</p><p>17 Nobel laureates in economics say my plan will ease long-term inflationary pressures. Top business leaders and most Americans support my plan. And here’s the plan:</p><p>First – cut the cost of prescription drugs. Just look at insulin. One in ten Americans has diabetes. In Virginia, I met a 13-year-old boy named Joshua Davis.</p><p>He and his Dad both have Type 1 diabetes, which means they need insulin every day. Insulin costs about $10 a vial to make.</p><p>But drug companies charge families like Joshua and his Dad up to 30 times more. I spoke with Joshua’s mom.</p><p>Imagine what it’s like to look at your child who needs insulin and have no idea how you’re going to pay for it.</p><p>What it does to your dignity, your ability to look your child in the eye, to be the parent you expect to be.</p><p>Joshua is here with us tonight. Yesterday was his birthday. Happy birthday, buddy.</p><p>For Joshua, and for the 200,000 other young people with Type 1 diabetes, let’s cap the cost of insulin at $35 a month so everyone can afford it.</p><p>Drug companies will still do very well. And while we’re at it let Medicare negotiate lower prices for prescription drugs, like the VA already does.</p><p>Look, the American Rescue Plan is helping millions of families on Affordable Care Act plans save $2,400 a year on their health care premiums. Let’s close the coverage gap and make those savings permanent.</p><p>Second – cut energy costs for families an average of $500 a year by combatting climate change.</p><p>Let’s provide investments and tax credits to weatherize your homes and businesses to be energy efficient and you get a tax credit; double America’s clean energy production in solar, wind, and so much more; lower the price of electric vehicles, saving you another $80 a month because you’ll never have to pay at the gas pump again.</p><p>Third – cut the cost of child care. Many families pay up to $14,000 a year for child care per child.</p><p>Middle-class and working families shouldn’t have to pay more than 7% of their income for care of young children.</p><p>My plan will cut the cost in half for most families and help parents, including millions of women, who left the workforce during the pandemic because they couldn’t afford child care, to be able to get back to work.</p><p>My plan doesn’t stop there. It also includes home and long-term care. More affordable housing. And Pre-K for every 3- and 4-year-old.</p><p>All of these will lower costs.</p><p>And under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes. Nobody.</p><p>The one thing all Americans agree on is that the tax system is not fair. We have to fix it.</p><p>I’m not looking to punish anyone. But let’s make sure corporations and the wealthiest Americans start paying their fair share.</p><p>Just last year, 55 Fortune 500 corporations earned $40 billion in profits and paid zero dollars in federal income tax.</p><p>That’s simply not fair. That’s why I’ve proposed a 15% minimum tax rate for corporations.</p><p>We got more than 130 countries to agree on a global minimum tax rate so companies can’t get out of paying their taxes at home by shipping jobs and factories overseas.</p><p>That’s why I’ve proposed closing loopholes so the very wealthy don’t pay a lower tax rate than a teacher or a firefighter.</p><p>So that’s my plan. It will grow the economy and lower costs for families.</p><p>So what are we waiting for? Let’s get this done. And while you’re at it, confirm my nominees to the Federal Reserve, which plays a critical role in fighting inflation.</p><p>My plan will not only lower costs to give families a fair shot, it will lower the deficit.</p><p>The previous Administration not only ballooned the deficit with tax cuts for the very wealthy and corporations, it undermined the watchdogs whose job was to keep pandemic relief funds from being wasted.</p><p>But in my administration, the watchdogs have been welcomed back.</p><p>We’re going after the criminals who stole billions in relief money meant for small businesses and millions of Americans.</p><p>And tonight, I’m announcing that the Justice Department will name a chief prosecutor for pandemic fraud.</p><p>By the end of this year, the deficit will be down to less than half what it was before I took office.</p><p>The only president ever to cut the deficit by more than one trillion dollars in a single year.</p><p>Lowering your costs also means demanding more competition.</p><p>I’m a capitalist, but capitalism without competition isn’t capitalism.</p><p>It’s exploitation—and it drives up prices.</p><p>When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family farmers and ranchers go under.</p><p>We see it happening with ocean carriers moving goods in and out of America.</p><p>During the pandemic, these foreign-owned companies raised prices by as much as 1,000% and made record profits.</p><p>Tonight, I’m announcing a crackdown on these companies overcharging American businesses and consumers.</p><p>And as Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up.</p><p>That ends on my watch.</p><p>Medicare is going to set higher standards for nursing homes and make sure your loved ones get the care they deserve and expect.</p><p>We’ll also cut costs and keep the economy going strong by giving workers a fair shot, provide more training and apprenticeships, hire them based on their skills not degrees.</p><p>Let’s pass the Paycheck Fairness Act and paid leave.</p><p>Raise the minimum wage to $15 an hour and extend the Child Tax Credit, so no one has to raise a family in poverty.</p><p>Let’s increase Pell Grants and increase our historic support of HBCUs, and invest in what Jill—our First Lady who teaches full-time—calls America’s best-kept secret: community colleges.</p><p>And let’s pass the PRO Act when a majority of workers want to form a union—they shouldn’t be stopped.</p><p>When we invest in our workers, when we build the economy from the bottom up and the middle out together, we can do something we haven’t done in a long time: build a better America.</p><p>For more than two years, COVID-19 has impacted every decision in our lives and the life of the nation.</p><p>And I know you’re tired, frustrated, and exhausted.</p><p>But I also know this.</p><p>Because of the progress we’ve made, because of your resilience and the tools we have, tonight I can say</p><p>we are moving forward safely, back to more normal routines.</p><p>We’ve reached a new moment in the fight against COVID-19, with severe cases down to a level not seen since last July.</p><p>Just a few days ago, the Centers for Disease Control and Prevention—the CDC—issued new mask guidelines.</p><p>Under these new guidelines, most Americans in most of the country can now be mask free.</p><p>And based on the projections, more of the country will reach that point across the next couple of weeks.</p><p>Thanks to the progress we have made this past year, COVID-19 need no longer control our lives.</p><p>I know some are talking about “living with COVID-19”. Tonight – I say that we will never just accept living with COVID-19.</p><p>We will continue to combat the virus as we do other diseases. And because this is a virus that mutates and spreads, we will stay on guard.</p><p>Here are four common sense steps as we move forward safely.</p><p>First, stay protected with vaccines and treatments. We know how incredibly effective vaccines are. If you’re vaccinated and boosted you have the highest degree of protection.</p><p>We will never give up on vaccinating more Americans. Now, I know parents with kids under 5 are eager to see a vaccine authorized for their children.</p><p>The scientists are working hard to get that done and we’ll be ready with plenty of vaccines when they do.</p><p>We’re also ready with anti-viral treatments. If you get COVID-19, the Pfizer pill reduces your chances of ending up in the hospital by 90%.</p><p>We’ve ordered more of these pills than anyone in the world. And Pfizer is working overtime to get us 1 Million pills this month and more than double that next month.</p><p>And we’re launching the “Test to Treat” initiative so people can get tested at a pharmacy, and if they’re positive, receive antiviral pills on the spot at no cost.</p><p>If you’re immunocompromised or have some other vulnerability, we have treatments and free high-quality masks.</p><p>We’re leaving no one behind or ignoring anyone’s needs as we move forward.</p><p>And on testing, we have made hundreds of millions of tests available for you to order for free.</p><p>Even if you already ordered free tests tonight, I am announcing that you can order more from <a href=\"http://covidtests.gov/\" target=\"_blank\">covidtests.gov</a> starting next week.</p><p>Second – we must prepare for new variants. Over the past year, we’ve gotten much better at detecting new variants.</p><p>If necessary, we’ll be able to deploy new vaccines within 100 days instead of many more months or years.</p><p>And, if Congress provides the funds we need, we’ll have new stockpiles of tests, masks, and pills ready if needed.</p><p>I cannot promise a new variant won’t come. But I can promise you we’ll do everything within our power to be ready if it does.</p><p>Third – we can end the shutdown of schools and businesses. We have the tools we need.</p><p>It’s time for Americans to get back to work and fill our great downtowns again. People working from home can feel safe to begin to return to the office.</p><p>We’re doing that here in the federal government. The vast majority of federal workers will once again work in person.</p><p>Our schools are open. Let’s keep it that way. Our kids need to be in school.</p><p>And with 75% of adult Americans fully vaccinated and hospitalizations down by 77%, most Americans can remove their masks, return to work, stay in the classroom, and move forward safely.</p><p>We achieved this because we provided free vaccines, treatments, tests, and masks.</p><p>Of course, continuing this costs money.</p><p>I will soon send Congress a request.</p><p>The vast majority of Americans have used these tools and may want to again, so I expect Congress to pass it quickly.</p><p>Fourth, we will continue vaccinating the world.</p><p>We’ve sent 475 Million vaccine doses to 112 countries, more than any other nation.</p><p>And we won’t stop.</p><p>We have lost so much to COVID-19. Time with one another. And worst of all, so much loss of life.</p><p>Let’s use this moment to reset. Let’s stop looking at COVID-19 as a partisan dividing line and see it for what it is: A God-awful disease.</p><p>Let’s stop seeing each other as enemies, and start seeing each other for who we really are: Fellow Americans.</p><p>We can’t change how divided we’ve been. But we can change how we move forward—on COVID-19 and other issues we must face together.</p><p>I recently visited the New York City Police Department days after the funerals of Officer Wilbert Mora and his partner, Officer Jason Rivera.</p><p>They were responding to a 9-1-1 call when a man shot and killed them with a stolen gun.</p><p>Officer Mora was 27 years old.</p><p>Officer Rivera was 22.</p><p>Both Dominican Americans who’d grown up on the same streets they later chose to patrol as police officers.</p><p>I spoke with their families and told them that we are forever in debt for their sacrifice, and we will carry on their mission to restore the trust and safety every community deserves.</p><p>I’ve worked on these issues a long time.</p><p>I know what works: Investing in crime preventionand community police officers who’ll walk the beat, who’ll know the neighborhood, and who can restore trust and safety.</p><p>So let’s not abandon our streets. Or choose between safety and equal justice.</p><p>Let’s come together to protect our communities, restore trust, and hold law enforcement accountable.</p><p>That’s why the Justice Department required body cameras, banned chokeholds, and restricted no-knock warrants for its officers.</p><p>That’s why the American Rescue Plan provided $350 Billion that cities, states, and counties can use to hire more police and invest in proven strategies like community violence interruption—trusted messengers breaking the cycle of violence and trauma and giving young people hope.</p><p>We should all agree: The answer is not to Defund the police. The answer is to FUND the police with the resources and training they need to protect our communities.</p><p>I ask Democrats and Republicans alike: Pass my budget and keep our neighborhoods safe.</p><p>And I will keep doing everything in my power to crack down on gun trafficking and ghost guns you can buy online and make at home—they have no serial numbers and can’t be traced.</p><p>And I ask Congress to pass proven measures to reduce gun violence. Pass universal background checks. Why should anyone on a terrorist list be able to purchase a weapon?</p><p>Ban assault weapons and high-capacity magazines.</p><p>Repeal the liability shield that makes gun manufacturers the only industry in America that can’t be sued.</p><p>These laws don’t infringe on the Second Amendment. They save lives.</p><p>The most fundamental right in America is the right to vote – and to have it counted. And it’s under assault.</p><p>In state after state, new laws have been passed, not only to suppress the vote, but to subvert entire elections.</p><p>We cannot let this happen.</p><p>Tonight. I call on the Senate to: Pass the Freedom to Vote Act. Pass the John Lewis Voting Rights Act. And while you’re at it, pass the Disclose Act so Americans can know who is funding our elections.</p><p>Tonight, I’d like to honor someone who has dedicated his life to serve this country: Justice Stephen Breyer—an Army veteran, Constitutional scholar, and retiring Justice of the United States Supreme Court. Justice Breyer, thank you for your service.</p><p>One of the most serious constitutional responsibilities a President has is nominating someone to serve on the United States Supreme Court.</p><p>And I did that 4 days ago, when I nominated Circuit Court of Appeals Judge Ketanji Brown Jackson. One of our nation’s top legal minds, who will continue Justice Breyer’s legacy of excellence.</p><p>A former top litigator in private practice. A former federal public defender. And from a family of public school educators and police officers. A consensus builder. Since she’s been nominated, she’s received a broad range of support—from the Fraternal Order of Police to former judges appointed by Democrats and Republicans.</p><p>And if we are to advance liberty and justice, we need to secure the Border and fix the immigration system.</p><p>We can do both. At our border, we’ve installed new technology like cutting-edge scanners to better detect drug smuggling.</p><p>We’ve set up joint patrols with Mexico and Guatemala to catch more human traffickers.</p><p>We’re putting in place dedicated immigration judges so families fleeing persecution and violence can have their cases heard faster.</p><p>We’re securing commitments and supporting partners in South and Central America to host more refugees and secure their own borders.</p><p>We can do all this while keeping lit the torch of liberty that has led generations of immigrants to this land—my forefathers and so many of yours.</p><p>Provide a pathway to citizenship for Dreamers, those on temporary status, farm workers, and essential workers.</p><p>Revise our laws so businesses have the workers they need and families don’t wait decades to reunite.</p><p>It’s not only the right thing to do—it’s the economically smart thing to do.</p><p>That’s why immigration reform is supported by everyone from labor unions to religious leaders to the U.S. Chamber of Commerce.</p><p>Let’s get it done once and for all.</p><p>Advancing liberty and justice also requires protecting the rights of women.</p><p>The constitutional right affirmed in Roe v. Wade—standing precedent for half a century—is under attack as never before.</p><p>If we want to go forward—not backward—we must protect access to health care. Preserve a woman’s right to choose. And let’s continue to advance maternal health care in America.</p><p>And for our LGBTQ+ Americans, let’s finally get the bipartisan Equality Act to my desk. The onslaught of state laws targeting transgender Americans and their families is wrong.</p><p>As I said last year, especially to our younger transgender Americans, I will always have your back as your President, so you can be yourself and reach your God-given potential.</p><p>While it often appears that we never agree, that isn’t true. I signed 80 bipartisan bills into law last year. From preventing government shutdowns to protecting Asian-Americans from still-too-common hate crimes to reforming military justice.</p><p>And soon, we’ll strengthen the Violence Against Women Act that I first wrote three decades ago. It is important for us to show the nation that we can come together and do big things.</p><p>So tonight I’m offering a Unity Agenda for the Nation. Four big things we can do together.</p><p>First, beat the opioid epidemic.</p><p>There is so much we can do. Increase funding for prevention, treatment, harm reduction, and recovery.</p><p>Get rid of outdated rules that stop doctors from prescribing treatments. And stop the flow of illicit drugs by working with state and local law enforcement to go after traffickers.</p><p>If you’re suffering from addiction, know you are not alone. I believe in recovery, and I celebrate the 23 million Americans in recovery.</p><p>Second, let’s take on mental health. Especially among our children, whose lives and education have been turned upside down.</p><p>The American Rescue Plan gave schools money to hire teachers and help students make up for lost learning.</p><p>I urge every parent to make sure your school does just that. And we can all play a part—sign up to be a tutor or a mentor.</p><p>Children were also struggling before the pandemic. Bullying, violence, trauma, and the harms of social media.</p><p>As Frances Haugen, who is here with us tonight, has shown, we must hold social media platforms accountable for the national experiment they’re conducting on our children for profit.</p><p>It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop collecting personal data on our children.</p><p>And let’s get all Americans the mental health services they need. More people they can turn to for help, and full parity between physical and mental health care.</p><p>Third, support our veterans.</p><p>Veterans are the best of us.</p><p>I’ve always believed that we have a sacred obligation to equip all those we send to war and care for them and their families when they come home.</p><p>My administration is providing assistance with job training and housing, and now helping lower-income veterans get VA care debt-free.</p><p>Our troops in Iraq and Afghanistan faced many dangers.</p><p>One was stationed at bases and breathing in toxic smoke from “burn pits” that incinerated wastes of war—medical and hazard material, jet fuel, and more.</p><p>When they came home, many of the world’s fittest and best trained warriors were never the same.</p><p>Headaches. Numbness. Dizziness.</p><p>A cancer that would put them in a flag-draped coffin.</p><p>I know.</p><p>One of those soldiers was my son Major Beau Biden.</p><p>We don’t know for sure if a burn pit was the cause of his brain cancer, or the diseases of so many of our troops.</p><p>But I’m committed to finding out everything we can.</p><p>Committed to military families like Danielle Robinson from Ohio.</p><p>The widow of Sergeant First Class Heath Robinson.</p><p>He was born a soldier. Army National Guard. Combat medic in Kosovo and Iraq.</p><p>Stationed near Baghdad, just yards from burn pits the size of football fields.</p><p>Heath’s widow Danielle is here with us tonight. They loved going to Ohio State football games. He loved building Legos with their daughter.</p><p>But cancer from prolonged exposure to burn pits ravaged Heath’s lungs and body.</p><p>Danielle says Heath was a fighter to the very end.</p><p>He didn’t know how to stop fighting, and neither did she.</p><p>Through her pain she found purpose to demand we do better.</p><p>Tonight, Danielle—we are.</p><p>The VA is pioneering new ways of linking toxic exposures to diseases, already helping more veterans get benefits.</p><p>And tonight, I’m announcing we’re expanding eligibility to veterans suffering from nine respiratory cancers.</p><p>I’m also calling on Congress: pass a law to make sure veterans devastated by toxic exposures in Iraq and Afghanistan finally get the benefits and comprehensive health care they deserve.</p><p>And fourth, let’s end cancer as we know it.</p><p>This is personal to me and Jill, to Kamala, and to so many of you.</p><p>Cancer is the #2 cause of death in America–second only to heart disease.</p><p>Last month, I announced our plan to supercharge</p><p>the Cancer Moonshot that President Obama asked me to lead six years ago.</p><p>Our goal is to cut the cancer death rate by at least 50% over the next 25 years, turn more cancers from death sentences into treatable diseases.</p><p>More support for patients and families.</p><p>To get there, I call on Congress to fund ARPA-H, the Advanced Research Projects Agency for Health.</p><p>It’s based on DARPA—the Defense Department project that led to the Internet, GPS, and so much more.</p><p>ARPA-H will have a singular purpose—to drive breakthroughs in cancer, Alzheimer’s, diabetes, and more.</p><p>A unity agenda for the nation.</p><p>We can do this.</p><p>My fellow Americans—tonight , we have gathered in a sacred space—the citadel of our democracy.</p><p>In this Capitol, generation after generation, Americans have debated great questions amid great strife, and have done great things.</p><p>We have fought for freedom, expanded liberty, defeated totalitarianism and terror.</p><p>And built the strongest, freest, and most prosperous nation the world has ever known.</p><p>Now is the hour.</p><p>Our moment of responsibility.</p><p>Our test of resolve and conscience, of history itself.</p><p>It is in this moment that our character is formed. Our purpose is found. Our future is forged.</p><p>Well I know this nation.</p><p>We will meet the test.</p><p>To protect freedom and liberty, to expand fairness and opportunity.</p><p>We will save democracy.</p><p>As hard as these times have been, I am more optimistic about America today than I have been my whole life.</p><p>Because I see the future that is within our grasp.</p><p>Because I know there is simply nothing beyond our capacity.</p><p>We are the only nation on Earth that has always turned every crisis we have faced into an opportunity.</p><p>The only nation that can be defined by a single word: possibilities.</p><p>So on this night, in our 245th year as a nation, I have come to report on the State of the Union.</p><p>And my report is this: the State of the Union is strong—because you, the American people, are strong.</p><p>We are stronger today than we were a year ago.</p><p>And we will be stronger a year from now than we are today.</p><p>Now is our moment to meet and overcome the challenges of our time.</p><p>And we will, as one people.</p><p>One America.</p><p>The United States of America.</p><p>May God bless you all. May God protect our troops.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden’s First State of the Union Address: Inflation, Russia-Ukraine Conflict, Covid in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-02 14:54 GMT+8 <a href=https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPresident Joe Biden delivers the State of the Union address during a joint session of Congress in the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/state-of-the-union-heres-the-full-text-of-bidens-speech-11646187634?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216251491","content_text":"Inflation, Russia-Ukraine conflict, COVID in focus in president’s first State of the Union addressPresident Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber on March 01, 2022 in Washington.Here is the full text, as prepared for delivery, of President Joe Biden’s first State of the Union address, as released Tuesday by the White House.Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.Last year COVID-19 kept us apart. This year we are finally together again.Tonight, we meet as Democrats Republicans and Independents. But most importantly as Americans.With a duty to one another to the American people to the Constitution.And with an unwavering resolve that freedom will always triumph over tyranny.Six days ago, Russia’s Vladimir Putin sought to shake the foundations of the free world thinking he could make it bend to his menacing ways. But he badly miscalculated.He thought he could roll into Ukraine and the world would roll over. Instead he met a wall of strength he never imagined.He met the Ukrainian people.From President Zelenskyy to every Ukrainian, their fearlessness, their courage, their determination, inspires the world.Groups of citizens blocking tanks with their bodies. Everyone from students to retirees teachers turned soldiers defending their homeland.In this struggle as President Zelenskyy said in his speech to the European Parliament “Light will win over darkness.” The Ukrainian Ambassador to the United States is here tonight.Let each of us here tonight in this Chamber send an unmistakable signal to Ukraine and to the world.Please rise if you are able and show that, Yes, we the United States of America stand with the Ukrainian people.Throughout our history we’ve learned this lesson when dictators do not pay a price for their aggression they cause more chaos.They keep moving.And the costs and the threats to America and the world keep rising.That’s why the NATO Alliance was created to secure peace and stability in Europe after World War 2.The United States is a member along with 29 other nations.It matters. American diplomacy matters. American resolve matters.Putin’s latest attack on Ukraine was premeditated and unprovoked.He rejected repeated efforts at diplomacy.He thought the West and NATO wouldn’t respond. And he thought he could divide us at home. Putin was wrong. We were ready. Here is what we did.We prepared extensively and carefully.We spent months building a coalition of other freedom-loving nations from Europe and the Americas to Asia and Africa to confront Putin.I spent countless hours unifying our European allies. We shared with the world in advance what we knew Putin was planning and precisely how he would try to falsely justify his aggression.We countered Russia’s lies with truth.And now that he has acted the free world is holding him accountable.Along with twenty-seven members of the European Union including France, Germany, Italy, as well as countries like the United Kingdom, Canada, Japan, Korea, Australia, New Zealand, and many others, even Switzerland.We are inflicting pain on Russia and supporting the people of Ukraine. Putin is now isolated from the world more than ever.Together with our allies –we are right now enforcing powerful economic sanctions.We are cutting off Russia’s largest banks from the international financial system.Preventing Russia’s central bank from defending the Russian Ruble making Putin’s $630 Billion “war fund” worthless.We are choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.Tonight I say to the Russian oligarchs and corrupt leaders who have bilked billions of dollars off this violent regime no more.The U.S. Department of Justice is assembling a dedicated task force to go after the crimes of Russian oligarchs.We are joining with our European allies to find and seize your yachts your luxury apartments your private jets. We are coming for your ill-begotten gains.And tonight I am announcing that we will join our allies in closing off American air space to all Russian flights – further isolating Russia – and adding an additional squeeze –on their economy. The Ruble has lost 30% of its value.The Russian stock market has lost 40% of its value and trading remains suspended. Russia’s economy is reeling and Putin alone is to blame.Together with our allies we are providing support to the Ukrainians in their fight for freedom. Military assistance. Economic assistance. Humanitarian assistance.We are giving more than $1 Billion in direct assistance to Ukraine.And we will continue to aid the Ukrainian people as they defend their country and to help ease their suffering.Let me be clear, our forces are not engaged and will not engage in conflict with Russian forces in Ukraine.Our forces are not going to Europe to fight in Ukraine, but to defend our NATO Allies – in the event that Putin decides to keep moving west.For that purpose we’ve mobilized American ground forces, air squadrons, and ship deployments to protect NATO countries including Poland, Romania, Latvia, Lithuania, and Estonia.As I have made crystal clear the United States and our Allies will defend every inch of territory of NATO countries with the full force of our collective power.And we remain clear-eyed. The Ukrainians are fighting back with pure courage. But the next few days weeks, months, will be hard on them.Putin has unleashed violence and chaos. But while he may make gains on the battlefield – he will pay a continuing high price over the long run.And a proud Ukrainian people, who have known 30 years of independence, have repeatedly shown that they will not tolerate anyone who tries to take their country backwards.To all Americans, I will be honest with you, as I’ve always promised. A Russian dictator, invading a foreign country, has costs around the world.And I’m taking robust action to make sure the pain of our sanctions is targeted at Russia’s economy. And I will use every tool at our disposal to protect American businesses and consumers.Tonight, I can announce that the United States has worked with 30 other countries to release 60 Million barrels of oil from reserves around the world.America will lead that effort, releasing 30 Million barrels from our own Strategic Petroleum Reserve. And we stand ready to do more if necessary, unified with our allies.These steps will help blunt gas prices here at home. And I know the news about what’s happening can seem alarming.But I want you to know that we are going to be okay.When the history of this era is written Putin’s war on Ukraine will have left Russia weaker and the rest of the world stronger.While it shouldn’t have taken something so terrible for people around the world to see what’s at stake now everyone sees it clearly.We see the unity among leaders of nations and a more unified Europe a more unified West. And we see unity among the people who are gathering in cities in large crowds around the world even in Russia to demonstrate their support for Ukraine.In the battle between democracy and autocracy, democracies are rising to the moment, and the world is clearly choosing the side of peace and security.This is a real test. It’s going to take time. So let us continue to draw inspiration from the iron will of the Ukrainian people.To our fellow Ukrainian Americans who forge a deep bond that connects our two nations we stand with you.Putin may circle Kyiv with tanks, but he will never gain the hearts and souls of the Ukrainian people.He will never extinguish their love of freedom. He will never weaken the resolve of the free world.We meet tonight in an America that has lived through two of the hardest years this nation has ever faced.The pandemic has been punishing.And so many families are living paycheck to paycheck, struggling to keep up with the rising cost of food, gas, housing, and so much more.I understand.I remember when my Dad had to leave our home in Scranton, Pennsylvania to find work. I grew up in a family where if the price of food went up, you felt it.That’s why one of the first things I did as President was fight to pass the American Rescue Plan.Because people were hurting. We needed to act, and we did.Few pieces of legislation have done more in a critical moment in our history to lift us out of crisis.It fueled our efforts to vaccinate the nation and combat COVID-19. It delivered immediate economic relief for tens of millions of Americans.Helped put food on their table, keep a roof over their heads, and cut the cost of health insurance.And as my Dad used to say, it gave people a little breathing room.And unlike the $2 Trillion tax cut passed in the previous administration that benefitted the top 1% of Americans, the American Rescue Plan helped working people—and left no one behind.And it worked. It created jobs. Lots of jobs.In fact—our economy created over 6.5 Million new jobs just last year, more jobs created in one yearthan ever before in the history of America.Our economy grew at a rate of 5.7% last year, the strongest growth in nearly 40 years, the first step in bringing fundamental change to an economy that hasn’t worked for the working people of this nation for too long.For the past 40 years we were told that if we gave tax breaks to those at the very top, the benefits would trickle down to everyone else.But that trickle-down theory led to weaker economic growth, lower wages, bigger deficits, and the widest gap between those at the top and everyone else in nearly a century.Vice President Harris and I ran for office with a new economic vision for America.Invest in America. Educate Americans. Grow the workforce. Build the economy from the bottom upand the middle out, not from the top down.Because we know that when the middle class grows, the poor have a ladder up and the wealthy do very well.America used to have the best roads, bridges, and airports on Earth.Now our infrastructure is ranked 13th in the world.We won’t be able to compete for the jobs of the 21st Century if we don’t fix that.That’s why it was so important to pass the Bipartisan Infrastructure Law—the most sweeping investment to rebuild America in history.This was a bipartisan effort, and I want to thank the members of both parties who worked to make it happen.We’re done talking about infrastructure weeks.We’re going to have an infrastructure decade.It is going to transform America and put us on a path to win the economic competition of the 21st Century that we face with the rest of the world—particularly with China.As I’ve told Xi Jinping, it is never a good bet to bet against the American people.We’ll create good jobs for millions of Americans, modernizing roads, airports, ports, and waterways all across America.And we’ll do it all to withstand the devastating effects of the climate crisis and promote environmental justice.We’ll build a national network of 500,000 electric vehicle charging stations, begin to replace poisonous lead pipes—so every child—and every American—has clean water to drink at home and at school, provide affordable high-speed internet for every American—urban, suburban, rural, and tribal communities.4,000 projects have already been announced.And tonight, I’m announcing that this year we will start fixing over 65,000 miles of highway and 1,500 bridges in disrepair.When we use taxpayer dollars to rebuild America – we are going to Buy American: buy American products to support American jobs.The federal government spends about $600 Billion a year to keep the country safe and secure.There’s been a law on the books for almost a centuryto make sure taxpayers’ dollars support American jobs and businesses.Every Administration says they’ll do it, but we are actually doing it.We will buy American to make sure everything from the deck of an aircraft carrier to the steel on highway guardrails are made in America.But to compete for the best jobs of the future, we also need to level the playing field with China and other competitors.That’s why it is so important to pass the Bipartisan Innovation Act sitting in Congress that will make record investments in emerging technologies and American manufacturing.Let me give you one example of why it’s so important to pass it.If you travel 20 miles east of Columbus, Ohio, you’ll find 1,000 empty acres of land.It won’t look like much, but if you stop and look closely, you’ll see a “Field of dreams,” the ground on which America’s future will be built.This is where Intel, the American company that helped build Silicon Valley, is going to build its $20 billion semiconductor “mega site”.Up to eight state-of-the-art factories in one place. 10,000 new good-paying jobs.Some of the most sophisticated manufacturing in the world to make computer chips the size of a fingertip that power the world and our everyday lives.Smartphones. The Internet. Technology we have yet to invent.But that’s just the beginning.Intel’s CEO, Pat Gelsinger, who is here tonight, told me they are ready to increase their investment from$20 billion to $100 billion.That would be one of the biggest investments in manufacturing in American history.And all they’re waiting for is for you to pass this bill.So let’s not wait any longer. Send it to my desk. I’ll sign it.And we will really take off.And Intel is not alone.There’s something happening in America.Just look around and you’ll see an amazing story.The rebirth of the pride that comes from stamping products “Made In America.” The revitalization of American manufacturing.Companies are choosing to build new factories here, when just a few years ago, they would have built them overseas.That’s what is happening. Ford is investing $11 billion to build electric vehicles, creating 11,000 jobs across the country.GM is making the largest investment in its history—$7 billion to build electric vehicles, creating 4,000 jobs in Michigan.All told, we created 369,000 new manufacturing jobs in America just last year.Powered by people I’ve met like JoJo Burgess, from generations of union steelworkers from Pittsburgh, who’s here with us tonight.As Ohio Senator Sherrod Brown says, “It’s time to bury the label “Rust Belt.”It’s time.But with all the bright spots in our economy, record job growth and higher wages, too many families are struggling to keep up with the bills.Inflation is robbing them of the gains they might otherwise feel.I get it. That’s why my top priority is getting prices under control.Look, our economy roared back faster than most predicted, but the pandemic meant that businesses had a hard time hiring enough workers to keep up production in their factories.The pandemic also disrupted global supply chains.When factories close, it takes longer to make goods and get them from the warehouse to the store, and prices go up.Look at cars.Last year, there weren’t enough semiconductors to make all the cars that people wanted to buy.And guess what, prices of automobiles went up.So—we have a choice.One way to fight inflation is to drive down wages and make Americans poorer.I have a better plan to fight inflation.Lower your costs, not your wages.Make more cars and semiconductors in America.More infrastructure and innovation in America.More goods moving faster and cheaper in America.More jobs where you can earn a good living in America.And instead of relying on foreign supply chains, let’s make it in America.Economists call it “increasing the productive capacity of our economy.”I call it building a better America.My plan to fight inflation will lower your costs and lower the deficit.17 Nobel laureates in economics say my plan will ease long-term inflationary pressures. Top business leaders and most Americans support my plan. And here’s the plan:First – cut the cost of prescription drugs. Just look at insulin. One in ten Americans has diabetes. In Virginia, I met a 13-year-old boy named Joshua Davis.He and his Dad both have Type 1 diabetes, which means they need insulin every day. Insulin costs about $10 a vial to make.But drug companies charge families like Joshua and his Dad up to 30 times more. I spoke with Joshua’s mom.Imagine what it’s like to look at your child who needs insulin and have no idea how you’re going to pay for it.What it does to your dignity, your ability to look your child in the eye, to be the parent you expect to be.Joshua is here with us tonight. Yesterday was his birthday. Happy birthday, buddy.For Joshua, and for the 200,000 other young people with Type 1 diabetes, let’s cap the cost of insulin at $35 a month so everyone can afford it.Drug companies will still do very well. And while we’re at it let Medicare negotiate lower prices for prescription drugs, like the VA already does.Look, the American Rescue Plan is helping millions of families on Affordable Care Act plans save $2,400 a year on their health care premiums. Let’s close the coverage gap and make those savings permanent.Second – cut energy costs for families an average of $500 a year by combatting climate change.Let’s provide investments and tax credits to weatherize your homes and businesses to be energy efficient and you get a tax credit; double America’s clean energy production in solar, wind, and so much more; lower the price of electric vehicles, saving you another $80 a month because you’ll never have to pay at the gas pump again.Third – cut the cost of child care. Many families pay up to $14,000 a year for child care per child.Middle-class and working families shouldn’t have to pay more than 7% of their income for care of young children.My plan will cut the cost in half for most families and help parents, including millions of women, who left the workforce during the pandemic because they couldn’t afford child care, to be able to get back to work.My plan doesn’t stop there. It also includes home and long-term care. More affordable housing. And Pre-K for every 3- and 4-year-old.All of these will lower costs.And under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes. Nobody.The one thing all Americans agree on is that the tax system is not fair. We have to fix it.I’m not looking to punish anyone. But let’s make sure corporations and the wealthiest Americans start paying their fair share.Just last year, 55 Fortune 500 corporations earned $40 billion in profits and paid zero dollars in federal income tax.That’s simply not fair. That’s why I’ve proposed a 15% minimum tax rate for corporations.We got more than 130 countries to agree on a global minimum tax rate so companies can’t get out of paying their taxes at home by shipping jobs and factories overseas.That’s why I’ve proposed closing loopholes so the very wealthy don’t pay a lower tax rate than a teacher or a firefighter.So that’s my plan. It will grow the economy and lower costs for families.So what are we waiting for? Let’s get this done. And while you’re at it, confirm my nominees to the Federal Reserve, which plays a critical role in fighting inflation.My plan will not only lower costs to give families a fair shot, it will lower the deficit.The previous Administration not only ballooned the deficit with tax cuts for the very wealthy and corporations, it undermined the watchdogs whose job was to keep pandemic relief funds from being wasted.But in my administration, the watchdogs have been welcomed back.We’re going after the criminals who stole billions in relief money meant for small businesses and millions of Americans.And tonight, I’m announcing that the Justice Department will name a chief prosecutor for pandemic fraud.By the end of this year, the deficit will be down to less than half what it was before I took office.The only president ever to cut the deficit by more than one trillion dollars in a single year.Lowering your costs also means demanding more competition.I’m a capitalist, but capitalism without competition isn’t capitalism.It’s exploitation—and it drives up prices.When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family farmers and ranchers go under.We see it happening with ocean carriers moving goods in and out of America.During the pandemic, these foreign-owned companies raised prices by as much as 1,000% and made record profits.Tonight, I’m announcing a crackdown on these companies overcharging American businesses and consumers.And as Wall Street firms take over more nursing homes, quality in those homes has gone down and costs have gone up.That ends on my watch.Medicare is going to set higher standards for nursing homes and make sure your loved ones get the care they deserve and expect.We’ll also cut costs and keep the economy going strong by giving workers a fair shot, provide more training and apprenticeships, hire them based on their skills not degrees.Let’s pass the Paycheck Fairness Act and paid leave.Raise the minimum wage to $15 an hour and extend the Child Tax Credit, so no one has to raise a family in poverty.Let’s increase Pell Grants and increase our historic support of HBCUs, and invest in what Jill—our First Lady who teaches full-time—calls America’s best-kept secret: community colleges.And let’s pass the PRO Act when a majority of workers want to form a union—they shouldn’t be stopped.When we invest in our workers, when we build the economy from the bottom up and the middle out together, we can do something we haven’t done in a long time: build a better America.For more than two years, COVID-19 has impacted every decision in our lives and the life of the nation.And I know you’re tired, frustrated, and exhausted.But I also know this.Because of the progress we’ve made, because of your resilience and the tools we have, tonight I can saywe are moving forward safely, back to more normal routines.We’ve reached a new moment in the fight against COVID-19, with severe cases down to a level not seen since last July.Just a few days ago, the Centers for Disease Control and Prevention—the CDC—issued new mask guidelines.Under these new guidelines, most Americans in most of the country can now be mask free.And based on the projections, more of the country will reach that point across the next couple of weeks.Thanks to the progress we have made this past year, COVID-19 need no longer control our lives.I know some are talking about “living with COVID-19”. Tonight – I say that we will never just accept living with COVID-19.We will continue to combat the virus as we do other diseases. And because this is a virus that mutates and spreads, we will stay on guard.Here are four common sense steps as we move forward safely.First, stay protected with vaccines and treatments. We know how incredibly effective vaccines are. If you’re vaccinated and boosted you have the highest degree of protection.We will never give up on vaccinating more Americans. Now, I know parents with kids under 5 are eager to see a vaccine authorized for their children.The scientists are working hard to get that done and we’ll be ready with plenty of vaccines when they do.We’re also ready with anti-viral treatments. If you get COVID-19, the Pfizer pill reduces your chances of ending up in the hospital by 90%.We’ve ordered more of these pills than anyone in the world. And Pfizer is working overtime to get us 1 Million pills this month and more than double that next month.And we’re launching the “Test to Treat” initiative so people can get tested at a pharmacy, and if they’re positive, receive antiviral pills on the spot at no cost.If you’re immunocompromised or have some other vulnerability, we have treatments and free high-quality masks.We’re leaving no one behind or ignoring anyone’s needs as we move forward.And on testing, we have made hundreds of millions of tests available for you to order for free.Even if you already ordered free tests tonight, I am announcing that you can order more from covidtests.gov starting next week.Second – we must prepare for new variants. Over the past year, we’ve gotten much better at detecting new variants.If necessary, we’ll be able to deploy new vaccines within 100 days instead of many more months or years.And, if Congress provides the funds we need, we’ll have new stockpiles of tests, masks, and pills ready if needed.I cannot promise a new variant won’t come. But I can promise you we’ll do everything within our power to be ready if it does.Third – we can end the shutdown of schools and businesses. We have the tools we need.It’s time for Americans to get back to work and fill our great downtowns again. People working from home can feel safe to begin to return to the office.We’re doing that here in the federal government. The vast majority of federal workers will once again work in person.Our schools are open. Let’s keep it that way. Our kids need to be in school.And with 75% of adult Americans fully vaccinated and hospitalizations down by 77%, most Americans can remove their masks, return to work, stay in the classroom, and move forward safely.We achieved this because we provided free vaccines, treatments, tests, and masks.Of course, continuing this costs money.I will soon send Congress a request.The vast majority of Americans have used these tools and may want to again, so I expect Congress to pass it quickly.Fourth, we will continue vaccinating the world.We’ve sent 475 Million vaccine doses to 112 countries, more than any other nation.And we won’t stop.We have lost so much to COVID-19. Time with one another. And worst of all, so much loss of life.Let’s use this moment to reset. Let’s stop looking at COVID-19 as a partisan dividing line and see it for what it is: A God-awful disease.Let’s stop seeing each other as enemies, and start seeing each other for who we really are: Fellow Americans.We can’t change how divided we’ve been. But we can change how we move forward—on COVID-19 and other issues we must face together.I recently visited the New York City Police Department days after the funerals of Officer Wilbert Mora and his partner, Officer Jason Rivera.They were responding to a 9-1-1 call when a man shot and killed them with a stolen gun.Officer Mora was 27 years old.Officer Rivera was 22.Both Dominican Americans who’d grown up on the same streets they later chose to patrol as police officers.I spoke with their families and told them that we are forever in debt for their sacrifice, and we will carry on their mission to restore the trust and safety every community deserves.I’ve worked on these issues a long time.I know what works: Investing in crime preventionand community police officers who’ll walk the beat, who’ll know the neighborhood, and who can restore trust and safety.So let’s not abandon our streets. Or choose between safety and equal justice.Let’s come together to protect our communities, restore trust, and hold law enforcement accountable.That’s why the Justice Department required body cameras, banned chokeholds, and restricted no-knock warrants for its officers.That’s why the American Rescue Plan provided $350 Billion that cities, states, and counties can use to hire more police and invest in proven strategies like community violence interruption—trusted messengers breaking the cycle of violence and trauma and giving young people hope.We should all agree: The answer is not to Defund the police. The answer is to FUND the police with the resources and training they need to protect our communities.I ask Democrats and Republicans alike: Pass my budget and keep our neighborhoods safe.And I will keep doing everything in my power to crack down on gun trafficking and ghost guns you can buy online and make at home—they have no serial numbers and can’t be traced.And I ask Congress to pass proven measures to reduce gun violence. Pass universal background checks. Why should anyone on a terrorist list be able to purchase a weapon?Ban assault weapons and high-capacity magazines.Repeal the liability shield that makes gun manufacturers the only industry in America that can’t be sued.These laws don’t infringe on the Second Amendment. They save lives.The most fundamental right in America is the right to vote – and to have it counted. And it’s under assault.In state after state, new laws have been passed, not only to suppress the vote, but to subvert entire elections.We cannot let this happen.Tonight. I call on the Senate to: Pass the Freedom to Vote Act. Pass the John Lewis Voting Rights Act. And while you’re at it, pass the Disclose Act so Americans can know who is funding our elections.Tonight, I’d like to honor someone who has dedicated his life to serve this country: Justice Stephen Breyer—an Army veteran, Constitutional scholar, and retiring Justice of the United States Supreme Court. Justice Breyer, thank you for your service.One of the most serious constitutional responsibilities a President has is nominating someone to serve on the United States Supreme Court.And I did that 4 days ago, when I nominated Circuit Court of Appeals Judge Ketanji Brown Jackson. One of our nation’s top legal minds, who will continue Justice Breyer’s legacy of excellence.A former top litigator in private practice. A former federal public defender. And from a family of public school educators and police officers. A consensus builder. Since she’s been nominated, she’s received a broad range of support—from the Fraternal Order of Police to former judges appointed by Democrats and Republicans.And if we are to advance liberty and justice, we need to secure the Border and fix the immigration system.We can do both. At our border, we’ve installed new technology like cutting-edge scanners to better detect drug smuggling.We’ve set up joint patrols with Mexico and Guatemala to catch more human traffickers.We’re putting in place dedicated immigration judges so families fleeing persecution and violence can have their cases heard faster.We’re securing commitments and supporting partners in South and Central America to host more refugees and secure their own borders.We can do all this while keeping lit the torch of liberty that has led generations of immigrants to this land—my forefathers and so many of yours.Provide a pathway to citizenship for Dreamers, those on temporary status, farm workers, and essential workers.Revise our laws so businesses have the workers they need and families don’t wait decades to reunite.It’s not only the right thing to do—it’s the economically smart thing to do.That’s why immigration reform is supported by everyone from labor unions to religious leaders to the U.S. Chamber of Commerce.Let’s get it done once and for all.Advancing liberty and justice also requires protecting the rights of women.The constitutional right affirmed in Roe v. Wade—standing precedent for half a century—is under attack as never before.If we want to go forward—not backward—we must protect access to health care. Preserve a woman’s right to choose. And let’s continue to advance maternal health care in America.And for our LGBTQ+ Americans, let’s finally get the bipartisan Equality Act to my desk. The onslaught of state laws targeting transgender Americans and their families is wrong.As I said last year, especially to our younger transgender Americans, I will always have your back as your President, so you can be yourself and reach your God-given potential.While it often appears that we never agree, that isn’t true. I signed 80 bipartisan bills into law last year. From preventing government shutdowns to protecting Asian-Americans from still-too-common hate crimes to reforming military justice.And soon, we’ll strengthen the Violence Against Women Act that I first wrote three decades ago. It is important for us to show the nation that we can come together and do big things.So tonight I’m offering a Unity Agenda for the Nation. Four big things we can do together.First, beat the opioid epidemic.There is so much we can do. Increase funding for prevention, treatment, harm reduction, and recovery.Get rid of outdated rules that stop doctors from prescribing treatments. And stop the flow of illicit drugs by working with state and local law enforcement to go after traffickers.If you’re suffering from addiction, know you are not alone. I believe in recovery, and I celebrate the 23 million Americans in recovery.Second, let’s take on mental health. Especially among our children, whose lives and education have been turned upside down.The American Rescue Plan gave schools money to hire teachers and help students make up for lost learning.I urge every parent to make sure your school does just that. And we can all play a part—sign up to be a tutor or a mentor.Children were also struggling before the pandemic. Bullying, violence, trauma, and the harms of social media.As Frances Haugen, who is here with us tonight, has shown, we must hold social media platforms accountable for the national experiment they’re conducting on our children for profit.It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop collecting personal data on our children.And let’s get all Americans the mental health services they need. More people they can turn to for help, and full parity between physical and mental health care.Third, support our veterans.Veterans are the best of us.I’ve always believed that we have a sacred obligation to equip all those we send to war and care for them and their families when they come home.My administration is providing assistance with job training and housing, and now helping lower-income veterans get VA care debt-free.Our troops in Iraq and Afghanistan faced many dangers.One was stationed at bases and breathing in toxic smoke from “burn pits” that incinerated wastes of war—medical and hazard material, jet fuel, and more.When they came home, many of the world’s fittest and best trained warriors were never the same.Headaches. Numbness. Dizziness.A cancer that would put them in a flag-draped coffin.I know.One of those soldiers was my son Major Beau Biden.We don’t know for sure if a burn pit was the cause of his brain cancer, or the diseases of so many of our troops.But I’m committed to finding out everything we can.Committed to military families like Danielle Robinson from Ohio.The widow of Sergeant First Class Heath Robinson.He was born a soldier. Army National Guard. Combat medic in Kosovo and Iraq.Stationed near Baghdad, just yards from burn pits the size of football fields.Heath’s widow Danielle is here with us tonight. They loved going to Ohio State football games. He loved building Legos with their daughter.But cancer from prolonged exposure to burn pits ravaged Heath’s lungs and body.Danielle says Heath was a fighter to the very end.He didn’t know how to stop fighting, and neither did she.Through her pain she found purpose to demand we do better.Tonight, Danielle—we are.The VA is pioneering new ways of linking toxic exposures to diseases, already helping more veterans get benefits.And tonight, I’m announcing we’re expanding eligibility to veterans suffering from nine respiratory cancers.I’m also calling on Congress: pass a law to make sure veterans devastated by toxic exposures in Iraq and Afghanistan finally get the benefits and comprehensive health care they deserve.And fourth, let’s end cancer as we know it.This is personal to me and Jill, to Kamala, and to so many of you.Cancer is the #2 cause of death in America–second only to heart disease.Last month, I announced our plan to superchargethe Cancer Moonshot that President Obama asked me to lead six years ago.Our goal is to cut the cancer death rate by at least 50% over the next 25 years, turn more cancers from death sentences into treatable diseases.More support for patients and families.To get there, I call on Congress to fund ARPA-H, the Advanced Research Projects Agency for Health.It’s based on DARPA—the Defense Department project that led to the Internet, GPS, and so much more.ARPA-H will have a singular purpose—to drive breakthroughs in cancer, Alzheimer’s, diabetes, and more.A unity agenda for the nation.We can do this.My fellow Americans—tonight , we have gathered in a sacred space—the citadel of our democracy.In this Capitol, generation after generation, Americans have debated great questions amid great strife, and have done great things.We have fought for freedom, expanded liberty, defeated totalitarianism and terror.And built the strongest, freest, and most prosperous nation the world has ever known.Now is the hour.Our moment of responsibility.Our test of resolve and conscience, of history itself.It is in this moment that our character is formed. Our purpose is found. Our future is forged.Well I know this nation.We will meet the test.To protect freedom and liberty, to expand fairness and opportunity.We will save democracy.As hard as these times have been, I am more optimistic about America today than I have been my whole life.Because I see the future that is within our grasp.Because I know there is simply nothing beyond our capacity.We are the only nation on Earth that has always turned every crisis we have faced into an opportunity.The only nation that can be defined by a single word: possibilities.So on this night, in our 245th year as a nation, I have come to report on the State of the Union.And my report is this: the State of the Union is strong—because you, the American people, are strong.We are stronger today than we were a year ago.And we will be stronger a year from now than we are today.Now is our moment to meet and overcome the challenges of our time.And we will, as one people.One America.The United States of America.May God bless you all. May God protect our troops.","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005424105,"gmtCreate":1642385977510,"gmtModify":1676533706696,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580366027588214","authorIdStr":"3580366027588214"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share 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pls","images":[{"img":"https://static.itradeup.com/news/88efb5d7c21b21a6ab3eaeea30716e2a","width":"1080","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006795783","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9036210010,"gmtCreate":1647102518862,"gmtModify":1676534195104,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580366027588214","authorIdStr":"3580366027588214"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036210010","repostId":"1138656884","repostType":4,"repost":{"id":"1138656884","pubTimestamp":1647042534,"share":"https://ttm.financial/m/news/1138656884?lang=&edition=fundamental","pubTime":"2022-03-12 07:48","market":"other","language":"en","title":"Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=1138656884","media":"smallcaps","summary":"Australian shares wilted in the face of potential stagflation as price growth in the United States h","content":"<html><head></head><body><p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.</p><p>The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.</p><p>That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.</p><p><b>Market starts higher but is swamped by bad news</b></p><p>After starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.</p><p>Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.</p><p>The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.</p><p><b>Market down on interest rate expectations and slowing economy</b></p><p>Australian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.</p><p>While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.</p><p>On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.</p><p><b>Breville gets negative jolt from more coffee</b></p><p>Shares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.</p><p>The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.</p><p>That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.</p><p><b>Crazy nickel prices end Nickel Mines’ SPP</b></p><p>In other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).</p><p>The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.</p><p>There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.</p><p>Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.</p><p>Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.</p><p>Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.</p><p><b>Zip’s share price falls below SPP</b></p><p>Another share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.</p><p>The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.</p><p>With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.</p><p>In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.</p><p><b>Small cap stock action</b></p><p>The Small Ords index fell 0.66% this week to 3179.7 points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/421d9bd96a2a3370333d54cd1444e662\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/><span>ASX 200 vs Small Ords</span></p><p>Small cap companies making headlines this week were:</p><p><b>Incannex Healthcare (ASX: IHL)</b></p><p>Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).</p><p>The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.</p><p>Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.</p><p><b>92 Energy (ASX: 92E)</b></p><p>Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.</p><p>92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.</p><p>The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.</p><p><b>Live Verdure (ASX: LV1)</b></p><p>Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.</p><p>The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.</p><p>A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.</p><p>The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.</p><p><b>Investigator Resources (ASX: IVR)</b></p><p>Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.</p><p>A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.</p><p>The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.</p><p><b>Eclipse Metals (ASX: EPM)</b></p><p>Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.</p><p>The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.</p><p>Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.</p><p>While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.</p><p><b>Leigh Creek (ASX: LCK)</b></p><p>South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.</p><p>Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.</p><p>“We expect preliminary preparatory work to commence next week.”</p><p>This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.</p><p>From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.</p><p><b>Lunnon Metals (ASX: LM8)</b></p><p>Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.</p><p>This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.</p><p>The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.</p><p><b>The week ahead</b></p><p>The Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.</p><p>Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.</p><p>While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.</p><p>Expectations are that up to 40,000 jobs will have been added in February.</p><p>Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.</p><p>Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.</p></body></html>","source":"lsy1646436655885","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-12 07:48 GMT+8 <a href=https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/><strong>smallcaps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual ...</p>\n\n<a href=\"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"92E.AU":"Energy Ltd","LM8.AU":"Lunnon Metals Limited","LV1.AU":"LIVE VERDURE LTD","IHL.AU":"INCANNEX HEALTHCARE LIMITED","XAO.AU":"标普/澳交所 普通股指数","IVR.AU":"INVESTIGATOR RESOURCES LTD","BRG.AU":"BREVILLE GROUP LTD","NIC.AU":"Nickel Industries Ltd","XJO.AU":"标普/澳交所 200指数","LCK.AU":"Leigh Creek Energy","XKO.AU":"标普/澳交所 300指数","EPM.AU":"ECLIPSE METALS LTD"},"source_url":"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138656884","content_text":"Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.Market starts higher but is swamped by bad newsAfter starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.Market down on interest rate expectations and slowing economyAustralian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.Breville gets negative jolt from more coffeeShares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.Crazy nickel prices end Nickel Mines’ SPPIn other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.Zip’s share price falls below SPPAnother share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.Small cap stock actionThe Small Ords index fell 0.66% this week to 3179.7 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:Incannex Healthcare (ASX: IHL)Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.92 Energy (ASX: 92E)Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.Live Verdure (ASX: LV1)Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.Investigator Resources (ASX: IVR)Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.Eclipse Metals (ASX: EPM)Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.Leigh Creek (ASX: LCK)South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.“We expect preliminary preparatory work to commence next week.”This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.Lunnon Metals (ASX: LM8)Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.The week aheadThe Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.Expectations are that up to 40,000 jobs will have been added in February.Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006795783,"gmtCreate":1641834024347,"gmtModify":1676533652561,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580366027588214","authorIdStr":"3580366027588214"},"themes":[],"htmlText":"like pls","listText":"like pls","text":"like pls","images":[{"img":"https://static.itradeup.com/news/88efb5d7c21b21a6ab3eaeea30716e2a","width":"1080","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006795783","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9005424105,"gmtCreate":1642385977510,"gmtModify":1676533706696,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580366027588214","authorIdStr":"3580366027588214"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005424105","repostId":"1188801416","repostType":4,"repost":{"id":"1188801416","pubTimestamp":1642295732,"share":"https://ttm.financial/m/news/1188801416?lang=&edition=fundamental","pubTime":"2022-01-16 09:15","market":"us","language":"en","title":"5 Reasons To Buy Microsoft In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1188801416","media":"Seeking Alpha","summary":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve rob","content":"<html><head></head><body><p>Summary</p><ul><li>Secular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.</li><li>The company has regularly exceeded analysts’ estimates on both revenues and earnings.</li><li>With a price to earnings ratio of 34.5, there is little room for disappointment.</li></ul><p>A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.</p><p>With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavy<i>Nasdaq Composite Index</i>fell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.</p><p>If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.</p><p>Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.</p><p>Consistent Outperformer</p><p>Microsoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.</p><p>Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.</p><p>The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.</p><p>Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.<img src=\"https://static.tigerbbs.com/0e1484ddb7001000c5b15565731d24a8\" tg-width=\"635\" tg-height=\"501\" width=\"100%\" height=\"auto\"/>Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.<img src=\"https://static.tigerbbs.com/ad1e0630a81d931c51380543d1979617\" tg-width=\"640\" tg-height=\"194\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/e0504df8de0df8e3174de1b37146e4f6\" tg-width=\"640\" tg-height=\"192\" width=\"100%\" height=\"auto\"/>Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.<img src=\"https://static.tigerbbs.com/af11bd1e31ea689b04f80940fa49ebf0\" tg-width=\"640\" tg-height=\"180\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/36f0a873c0bda94a8255ab3b79fdda2d\" tg-width=\"640\" tg-height=\"178\" width=\"100%\" height=\"auto\"/>Cloud Momentum</p><p>The momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.</p><p>Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.</p><p>What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.</p><p>The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.</p><p>The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.</p><p>Diversified Revenue Sources</p><p>For all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.</p><p>Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.</p><p><b>Annual revenue by product</b><img src=\"https://static.tigerbbs.com/2f0cf7ec329923fe8b0a7b939f9b1b55\" tg-width=\"486\" tg-height=\"415\" width=\"100%\" height=\"auto\"/>And as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.</p><p>Wide Moat</p><p>Microsoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.</p><p>There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.</p><p>On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.</p><p><img src=\"https://static.tigerbbs.com/b0e127460515a13e3e6e266cfdccc162\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/>Growing Free Cash Flow</p><p>Microsoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.</p><p>The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.</p><p><img src=\"https://static.tigerbbs.com/0beb3bdddfca8eeacb1416fc8f96549d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/>What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.</p><p>Risks</p><p>Despite its strengths, there are risks involved too.</p><p><b>Chip Shortages</b></p><p>The supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.</p><p>That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.</p><p><b>Pandemic-Driven Demand</b></p><p>The receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.</p><p><b>Competition and Market Trends</b></p><p>While long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.</p><p>Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.</p><p>Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.</p><p>Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.</p><p><b>High Valuation Multiples</b></p><p>Microsoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.</p><p>Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.</p><p>But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.</p><p>Bottom Line</p><p>Microsoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Reasons To Buy Microsoft In 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Reasons To Buy Microsoft In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:15 GMT+8 <a href=https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both ...</p>\n\n<a href=\"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188801416","content_text":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both revenues and earnings.With a price to earnings ratio of 34.5, there is little room for disappointment.A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavyNasdaq Composite Indexfell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.Consistent OutperformerMicrosoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.Cloud MomentumThe momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.Diversified Revenue SourcesFor all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.Annual revenue by productAnd as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.Wide MoatMicrosoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.Growing Free Cash FlowMicrosoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.RisksDespite its strengths, there are risks involved too.Chip ShortagesThe supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.Pandemic-Driven DemandThe receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.Competition and Market TrendsWhile long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.High Valuation MultiplesMicrosoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.Bottom LineMicrosoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033156171,"gmtCreate":1646226794591,"gmtModify":1676534105717,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580366027588214","authorIdStr":"3580366027588214"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033156171","repostId":"2216251491","repostType":4,"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
