Presidential Delegation to Switzerland to attend the World Economic Forum

WASHINGTON– President Donald J. Trump announced the Presidential Delegation that will attend the World Economic Forum in Davos-Klosters, Switzerland, from January 20 to January 24, 2020. Steven Mnuchin, Secretary of the Treasury, will lead the delegation.

Members of the Presidential Delegation:
Steven Mnuchin, Secretary of the Treasury (Lead)
Wilbur Ross, Secretary of Commerce
Eugene Scalia, Secretary of Labor
Elaine Chao, Secretary of Transportation
Robert Lighthizer, United States Trade Representative
Keith Krach, Under Secretary for Growth, Energy and the Environment, Department of State
Ivanka Trump, Assistant to the President and Advisor to the President
Jared Kushner, Assistant to the President and Senior Advisor to the President
Christopher Liddell, Assistant to the President and Deputy Chief of Staff for Policy Coordination

U.S. and World Populations on New Year’s Day

As the nation prepares to ring in the new year, the U.S. Census Bureau projects the U.S. population will be 330,222,422 on Jan. 1, 2020. This represents an increase of 1,991,085, or 0.61%, from New Year’s Day 2019. Since Census Day (April 1) 2010, the population has grown by 21,476,884 or 6.96%.

In January 2020, the United States is expected to experience one birth every eight seconds and one death every 11 seconds. Meanwhile, net international migration is expected to add one person to the U.S. population every 34 seconds. The combination of births, deaths and net international migration will increase the U.S. population by one person every 19 seconds.

The projected world population on Jan. 1, 2020, is 7,621,018,958, an increase of 77,684,873, or 1.03%, from New Year’s Day 2019. During January 2020, 4.3 births and 1.9 deaths are expected worldwide every second.

The Census Bureau’s U.S. and World Population Clock simulates real-time growth of the United States and world populations at  <www.census.gov/popclock>.

U.S. Economy Increases at a 2.1% Pace in the Third Quarter

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in November. In the second quarter, real GDP rose 2.0 percent.

GDP highlights

The third-quarter increase in real GDP reflected increases in consumer spending, government spending, housing investment, and exports, while business investment and inventory investment decreased. Imports, which are a subtraction in the calculation of GDP, increased.
The increase in consumer spending reflected increases in both goods (notably recreational goods and vehicles as well as food and beverages) and services (led by other services, notably personal care and legal services, as well as housing and utilities). The increase in government spending reflected increases in federal and in state and local government spending.

The decrease in business investment reflected decreases in structures (led by mining exploration, shafts, and wells) and in equipment (notably aircraft as well as computers and peripheral equipment).

Updates to GDP

While overall GDP growth was unrevised from the second estimate, upward revisions to consumer spending and business investment were offset by a downward revision to inventory investment.

Corporate profits from current production

Profits decreased 0.2 percent at a quarterly rate in the third quarter after increasing 3.8 percent in the second quarter. Corporate profits decreased 1.2 percent in the third quarter from one year ago.

Profits of domestic nonfinancial corporations decreased 0.5 percent after increasing 3.2 percent.
Profits of domestic financial corporations decreased 1.1 percent after increasing 0.6 percent.
Profits from the rest of the world increased 1.0 percent after increasing 7.7 percent.

Upcoming Event: Asian Financial Forum

Asian Financial Forum
January 13-14, 2020
Wan Chai, Hong Kong
Hong Kong Convention & Exhibition Centre

  • Participate in Deal Flow Matchmaking Session’s, one-on-one meetings.
  • Meet project owners, private equity firms, investors, high net-worth individuals, and senior professionals from intermediaries and professional service providers.
  • Contact AICC: usa@aiccus.org
  • Contact U.S. Commercial Service: Peter Sexton

Ivanka Trump and Larry Kudlow to Provide Keynote Remarks at 2019 SelectUSA Investment Summit

WASHINGTON – Advisor to the President Ivanka Trump and National Economic Council Director Larry Kudlow will deliver keynote remarks at the SelectUSA Investment Summit on June 11-12, the U.S. Department of Commerce announced today. The Investment Summit, hosted by Secretary of Commerce Wilbur Ross, is the premier Federal event showcasing business investment opportunities available throughout the United States to global leaders.

Kudlow will deliver lunch remarks on June 11. Trump will speak on a workforce development panel on June 12.

“This Administration’s policies are further solidifying the United States as the premier location to do business,” Kudlow said. “The SelectUSA Investment Summit is an excellent platform to tell a global audience that investing in the United States is a critical step to doing business in the modern global economy, and I am excited to be a part of it.”

“While President’s pro-growth policies have attracted the attention of business leaders and entrepreneurs around the world, it’s our incomparable workforce that often seals the deal for new investment projects. I’m proud to join Secretary Ross at this year’s SelectUSA Investment Summit to discuss the unparalleled opportunity to invest in our roaring economy and how we are working to ensure our workforce is equipped with the skills and talents for the jobs of today and tomorrow,” Trump said.

“The SelectUSA Investment Summit is where global business potential meets business opportunity here in the United States,” Secretary Ross said. “We are proud that these White House leaders will be joining this year’s SelectUSA Investment Summit and sharing the message that this is the best place in the world to do business.”

Secretary Ross and Ivanka Trump are co-chairs of the National Council for the American Worker and the American Workforce Policy Advisory Board which seeks to bring more Americans off the sidelines and into the workforce by improving jobs data transparency, skills-based hiring and training, advancing opportunities for lifelong learning, and promoting multiple pathways to family-sustaining careers.

Ross and Trump will also join Investment Summit business attendees as they sign the Pledge to America’s Workers. The Pledge is a commitment to expand programs that educate, train, and reskill American workers from high school to near retirement. Since President Trump signed the Executive Order, more than 200 companies and organizations have signed the Pledge, contributing to over 8.9 million new education and training opportunities for American students and workers over the next five years.

The annual Investment Summit will be held June 10-12 at the Washington Hilton in Washington, D.C. Participants from the previous five Summits have announced more than $103.6 billion in greenfield investment projects in the United States within five years of attending. These projects directly support more than 167,000 U.S. jobs.

Registration is open and already includes more than 2,800 attendees from over 70 international markets and 49 U.S. states and territories. Featured speakers include Secretary of the Treasury Steven Mnuchin, Secretary of Agriculture Sonny Perdue, Secretary of Housing and Urban Development Ben Carson, Secretary of Energy Rick Perry, governors from eight states, and senior executives from companies including Hitachi, Siemens, and Softbank.

The United States is home to more foreign direct investment (FDI) than any other country in the world, with a total stock of more than $4 trillion of investment according to the latest data. FDI supports nearly 14 million American jobs, and is responsible for $370 billion in U.S. goods exports.