Global Entrepreneurship Summit 2016

2016 GES SV



When we connect global entrepreneurs with the access and exchange needed to create and innovate, we unleash their power to change the world.

A clear example of this is found in Silicon Valley where thousands of firms have achieved success. With that in mind, what better place to gather entrepreneurs at all stages of business development for the 2016 Global Entrepreneurship Summit (GES)?  This Summit will be the 7th installment in a series previously hosted by the United States and the governments of Turkey, the United Arab Emirates, Malaysia, Morocco, and Kenya.  In bringing the Summit back to the United States, President Obama highlights his commitment to building bridges that help us tackle global challenges together.

GES 2016 aims to showcase inspiring entrepreneurs and investors from around the world creating new opportunities for investment, partnership, and collaboration; connect American entrepreneurs and investors with international counterparts to form lasting relationships; and highlight entrepreneurship as means to address some of the most intractable global challenges.

More About GES 2016


Summit Details


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June 22-24, 2016
2016 Global Entrepreneurship Summit
Stanford University, Palo Alto, California


Live Stream:




28 thoughts on “Global Entrepreneurship Summit 2016

  1. WH

    Wednesday, June 22, 2016

    All Times Eastern

    President Obama receives the presidential daily briefing

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    11:00 AM
    11:15 AM
    President Obama signs H.R.2576 – Frank R. Lautenberg Chemical Safety for the 21st Century Act
    South Court Auditorium

    12:00 PM
    12:15 PM
    White House Press Secretary Josh Earnest briefs the press

    1:00 PM
    2:00 PM
    President Obama meets with Secretary of State Kerry

    3:00 PM
    4:00 PM
    5:00 PM
    6:00 PM
    7:00 PM
    8:00 PM
    9:00 PM
    10:00 PM

  2. Global Entrepreneurship Summit 2016

    President Obama Announces the 2016 Global Entrepreneurship Summit in Silicon Valley


    President Obama announced that the seventh annual Global Entrepreneurship Summit (GES) will take place in Silicon Valley in summer 2016. GES 2016 will welcome the best entrepreneurs and investors from around the world and connect them with their American counterparts. Good ideas come from everywhere; however, access to capital and opportunity is not the same everywhere. Hosting GES in Silicon Valley will highlight America’s entrepreneurial spirit, but also allow American investors and entrepreneurs to see the talent, solutions, and opportunity that exist around the world.

    Entrepreneurship is about individuals improving their lives and their communities through good ideas, hard work, and a little bit of luck. Success creates jobs, brings new products and services to market, and gives people a stake in seeing their local communities succeed. For populations that would otherwise struggle to find work, entrepreneurship represents a path to a stable financial future. Entrepreneurship empowers women, youth, and marginalized groups.

    This Summit will highlight the innovation that exists in all corners of the United States and the world, not just in metropolitan areas and urban centers. Innovation doesn’t just exist in the big cities – people are using technology to solve for big problems that exist across the whole country and globe, from automotive and supply chain, to solutions that benefit consumers, energy and health.

    The 2016 GES is the seventh annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials. The established tradition demonstrates the U.S. government’s continued commitment to fostering entrepreneurship around the world to build strong, prosperous, secure communities. Numerous U.S. government programs and initiatives exist to improve enabling environments and to make tools and networks available to individual entrepreneurs.

    To learn more about GES 2016 visit

    • President Obama Announces the 2016 Global Entrepreneurship Summit

      Published on Nov 18, 2015

      President Obama announces the 2016 Global Entrepreneurship Summit in Silicon Valley. Visit to learn more.

    • President Obama participates in a discussion with Mark Zuckerberg and entrepreneurs
      Stanford Memorial Auditorium, Stanford University, Palo Alto, California

      Published on Jun 24, 2016

    • 3:05 PM ET
      President Obama participates in a Google Portal virtual conversation with entrepreneurs
      Stanford Memorial Auditorium, Stanford University, Palo Alto, California

  3. June 22, 2016

    Remarks by the President at Bill Signing of the Frank R. Lautenberg Chemical Safety For the 2st Century Act

    South Court

    11:34 A.M EDT

    THE PRESIDENT: Thank you. (Applause.) Everybody, please have a seat. To begin with, let me thank Lisa for the wonderful introduction. And her wonderful family is here. And I just want you to know that advocates like you, who fight every day to make this country a little bit better, are why we’re here today. And we’re very proud of you.

    Back in the 1960s and ‘70s, Americans were becoming increasingly concerned with the fact that our natural resources and our communities and our health were threatened by pollution and toxins. And science backed it up. So over the course of that decade, Republicans and Democrats in Congress came together again and again to produce landmark environmental victories. The Clean Air Act. The Clean Water Act. The Endangered Species Act. The creation of the EPA. All of them have benefited this country greatly. And, to be fair, all of them happened under the initiative and under the watch of a Republican President — Richard Nixon.

    It made an enormous difference in people’s lives. These days, my staff are too young to remember — I am not — (laughter.) I remember the first day I arrived in Los Angeles for college, and I had the bright idea of going for a jog. And after about 10 minutes I was feeling this weird thing in my chest, and I was like am I asthmatic now, or what’s the problem? And it turned out it was on an alert day where you weren’t supposed to be outside. So even in the late ‘70s, early ‘80s, for a lot of folks, it was just hard to breathe.

    In Chicago, the river was polluted to the extent that people couldn’t go in it. And this was true all around the country. And there was a transformation initiated by both parties that actually provided an outdoors that was safer and cleaner and better than what had existed a generation before. These regulations made a difference.

    Another law, the Toxic Substances Control Act, was signed by President Ford, and it was a part of this broader environmental effort. Congress passed the law to protect Americans from harmful chemicals in the products that we buy — cleaning agents, fabrics, plastics, paint thinners. The idea was to make sure that the chemicals we use every day were safe and wouldn’t lead to cancer, or birth defects, or reproductive problems.

    Even with the best of intentions, the law didn’t quite work the way it should have in practice. In 1976, some 62,000 chemicals were already on the market. But the law placed demands on the EPA that were so tough, so onerous that it became virtually impossible to actually see if those chemicals were harming anybody.

    In fact, out of those original 62,000 chemicals, only five have been banned. Five. And only a tiny percentage have even been reviewed for health and safety. The system was so complex, it was so burdensome that our country hasn’t even been able to uphold a ban on asbestos — a known carcinogen that kills as many as 10,000 Americans every year. I think a lot of Americans would be shocked by all that.

    There have been court cases. There has been litigation. But from a regulatory perspective, this was tough. I think most Americans would expect that we could come together to fix this law and do a better job protecting the American people.

    Well, here’s the good news. That’s exactly why we’re here today. For the first time in 20 years, we are updating a national environmental statute. For the first time in our history, we’ll actually be able to regulate chemicals effectively. And we’re doing it in the same, overwhelmingly bipartisan fashion as happened with those pillars of legislation to protect our air, and our water, and our wildlife — the initiatives where Democrats and Republicans first came together to pass laws more than four decades ago. And that doesn’t happen very often these days. So this is a really significant piece of business.

    The Frank R. Lautenberg Chemical Safety Act for the 21st Century will make it easier for the EPA to review chemicals already on the market, as well as the new chemicals our scientists and our businesses design. It will do away with an outdated bureaucratic formula to evaluate safety, and instead focus solely on the risks to our health. And it will finally grant our scientists and our public servants at the EPA the funding they need to get the job done and keep us safe.

    For more:

  4. Democrats Keep Up Demand for Common-Sense Gun Reform

    June 12, 2016

    June 15, 2016 

    June 16, 2016 

    June 20, 2016

    June 21, 2016

    • 1:50 PM EDT
      Senate Bipartisan Gun Control Proposal Maine Sen. Susan Collins says she hopes the House will give her bipartisan proposal to prevent individuals on the no fly list from buying a gun a vote. She reminded her House colleagues that a majority of Americans support such legislation. The Senator was joined by seven other Senators from both parties for this proposal unveiling. A vote on the Senate floor has yet to be determined.

    June 22, 2016

    June 23, 2016

    June 29, 2016

    • Democratic Law Makers ‘Day of Action to Keep Spotlight on Gun Violence’ by any means whether it be a press conference, roundtable, or telephone town hall in 30 cities across America
      • 9 a.m.  MT –  Arizona Rep. Ruben Gallego holds a press call with gun violence prevention advocates.
      • 10 a.m. – Maryland Reps. Elijah E. Cummings, Chris Van Hollen, C.A. Dutch Ruppersberger and John Sarbanes hold an event with gun violence survivors and local faith and community leaders in Baltimore.
      • 10 a.m. – Connecticut Reps. Elizabeth Esty and Rosa DeLauro and Governor Dannel Malloy hold a press conference with gun control advocates at the University of Connecticut Health Center in Farmington.
      • 10:30 a.m. – Pennsylvania Reps. Brendan Boyle and Robert Brady will hold an event at city hall in Philadelphia with Mayor James Kenney and local gun violence survivors. Boyle plans to stream the event live from his Facebook page.  10:30 a.m. – New Jersey Rep. Bill Pascrell, Jr. holds a news conference in Saddle Brook with local public safety officials and representatives from gun violence prevention groups.
      • 11 a.m. – New York Rep. Carolyn B. Maloney  hosts a sit-in at a park in the upper east side of Manhattan with gun violence survivors and prevention advocates.
      • 11 a.m. – New York Rep. Steve Israel holds a round-table discussion with local elected officials and gun violence prevention and LGBT advocates.
      • 11:30 a.m. – Georgia Rep. John Lewis holds a town hall in Atlanta.
      • 11:30 a.m. – Georgia Rep. Hank Johnson will hold a meeting at his office in Lithonia with the local chapter of Moms Demand Action. On Thursday, Johnson will meet with local mothers who lost their children to gun violence.
      • 12 p.m. – New Jersey Rep. Frank Pallone, Jr will hold a symbolic sit-in with constituents in his district office in New Brunswick  to continue the conversation about what can be done to prevent mass shootings.
      • 12:15 p.m. PT – House Democratic Caucus Chairman Xavier Becerra and fellow California Reps. Lucille Roybal-Allard,  Judy Chu,  Karen Bass and  Alan Lowenthal will  host a round-table at city hall in Los Angeles with local leaders and gun violence victims to discuss ways to secure a vote in Congress to prevent gun violence, followed by a news conference at 12:45 p.m.
      • 1 p.m. PT – Pelosi and fellow California Reps. Mike Thompson, Barbara Lee, Mike Honda and Eric Swalwell, local law enforcement officials, community leaders and survivors of gun violence will hold a “family sit-in to disarm hate” at the Zuckerberg San Francisco General Hospital and Trauma Center.
      • 1 p.m. – Pennsylvania Rep. Mike Doyle holds an event in Pittsburgh with local elected officials, community leaders and advocates.
      • 1:30 p.m. – New York Rep. Joe Crowley will hold a round-table at his office in Jackson Heights with gun violence survivors, prevention advocates and community and faith leaders.
      • 1:30 p.m. –  Tennessee Rep. Steve Cohen will hold a meeting in Memphis with local groups concerned about gun violence and local government officials.
      • 2 p.m. – Michigan Reps. John Conyers, Debbie Dingell, Dan Kildee, Brenda Lawrence, and Sander Levin will hold a panel discussion with community leaders in Berkley.
      • 2 p.m. – New Jersey Rep. Bonnie Watson Coleman will host a round-table with community leaders in Trenton. She plans to stream a live feed of the event from her Facebook page .
      • 2 p.m. PT – California Rep. Doris Matsui hosting a virtual roundtable tomorrow with public health experts from Sacramento, CA as part of a National Day of Action to Prevent Gun Violence. The roundtable will be live streamed to the public via a Google Hangout On Air  here .
      • 2 p.m. PT – Washington Reps. Jim McDermott and Adam Smith will join members of the Washington chapter of Moms Demand Action for Gun Sense in America and the Everytown Survivor Network for a “National Day of Action” community meeting in Seattle, calling for action to prevent gun violence.
      • 3 p.m. – Rhode Island Reps. David N. Cicilline and Jim Langevin will hold a public sit-in at the Providence Public Safety Complex.  4 p.m. – Connecticut Rep. John Larson holds a call to action with local elected officials and leaders in Hartford. The event will be live streamed via Periscope .
      • 4 p.m. – New York   Rep. Gregory W. Meeks will join Life Camp, a victim’s family, community leaders, civic organizations and members of the clergy to discuss a recent shooting and how to prevent gun violence in New York City.
      • Today, U.S. Congressman Scott Peters (CA-52) will lead a series of events in San Diego as part of the national day of action against gun violence. Democratic members of Congress are holding dozens of events across the country to continue calling for votes on bipartisan measures to curb gun violence. Congressman Peters was the first member to live-stream the House sit-in protest last week, and has long been a vocal advocate for commonsense gun safety proposals to keep guns out of the hands of criminals, domestic abusers, and suspected terrorists.
      • 4:30 PT: Rep. Scott Peters will tour the University of California San Diego Medical Center’s trauma and lead a round table with medical, domestic violence and mental health professionals. At 7:30 PT, he will deliver remarks during the annual Pride Lighting Ceremony at the UC San Diego Medical Center.
      • 5 p.m. – District of Columbia Rep. Eleanor Holmes Norton and California Rep. John Garamendi will host a roundtable at Martin Luther King Jr. Memorial Library in northwest D.C. with Metropolitan Police Department Chief Cathy Lanier and five District of Columbia residents who have been affected by gun violence.
      • 5 p.m. CT – Wisconsin Rep. Mark Pocan holds a rally in Madison with local politicians and community leaders.
      • 5 p.m. – Kentucky Rep. John Yarmuth holds a press conference and rally in Louisville with local politicians and community leaders.
      • 6 p.m. PT – California Rep. Judy Chu will host an event in Pasadena  called “SPEAK OUT: Enough is Enough” in which public officials, families and victims of gun violence and faith and community leaders will share their personal stories about how they were affected by gun violence.
      • 6 p.m. PT – California Rep. Alan Lowenthal hosts community forum in Long Beach with Mayor Robert Garcia and representatives from the Brady Campaign and Moms Demand Action. 6:30 p.m. PT – California Rep. Tony Cárdenas holds a forum with community advocates in Sylmar.
      • 6:30 p.m. MT – New Mexico Rep. Lujan Grisham holds a rally in Albuquerque.
      • 7 p.m. – Massachusetts Rep. Jim McGovern will hold a community rally in Worcester  to discuss current efforts at the local, state, and national levels to address gun violence and how members of the community can do their part.
      • 7 p.m. – New Jersey Rep. Donald Norcross participates in the March for Love, a walk in Pennsauken  to honor the victims of the Orlando shooting and spread the message of love and equality hosted by the Camden County Board of Freeholders.
      • THURSDAY 12 p.m. – Massachusetts Rep. Katherine Clark, state, and local leaders and representatives gun safety organizations will hold a rally on the steps of the state house in Boston.

    July 5, 2016
    Congressional Black Caucus members plan disruptions during ‘Day of Action on Guns

    • CBC Members will give speeches pushing for more restrictions on the possession and use of guns
    • CBC Members will attend a House Rules Committee hearing  where legislation on terrorism and gun control will be addressed and will hold up a image of a constituent killed by a firearm

    July 6, 2016
    10:00 AM EDT
    House Democrats Call for Gun Control Legislation

    July 7, 2016

    10:00 AM EDT
    U.S. House Democrats Reading Names of Gun Violence Victims

    July 14, 2016

    7:30 PM EDT
    House Democrats Hold Rally to Call for Gun Control Legislation

    • Not ‘Taking No For An Answer’: House Democrats Continue Gun Control Sit-In

      June 23, 20167:51 AM ET Camilia Domonoske – NPR

      Democrats in the House of Representatives continued their sit-in overnight and into Thursday morning, calling for votes on gun control — despite the fact that in the middle of the night, the GOP defied the protest to pass a Zika funding bill and then adjourn for the July Fourth recess.

      The sit-in began before noon on Wednesday, when House Democrats took to the floor. Chanting “No Bill, No Break” and waving posters with the names of victims of gun violence, the Democrats vowed to allow no House business to happen until there were votes on two gun control measures.

      House Speaker Paul Ryan quickly called the chamber into recess and turned off the video cameras on the House floor [C-SPAN is independent organization and accepts no government money] relies on those cameras for their live feed], saying that is standard practice during a recess. (The Associated Press notes there was a House protest in 2008, when Republican representatives occupied the floor and called for a vote to expand oil and gas drilling. During that protest, then-House Speaker Nancy Pelosi similarly called a recess and shut off the cameras.)

      C-SPAN is relying on live video streaming on Periscope and Facebook to cover the sit-in. Texas Rep. Beto O’Rourke is among those streaming the events.

      There was a flurry of activity beginning late Wednesday and continuing into the wee hours Thursday, when Ryan brought the House back into session. GOP lawmakers defied the sit-in and shouts of “shame, shame, shame” to hold a vote on a Zika funding bill, passing it without debate. The Republican representatives, who control the House, then adjourned the body for the July Fourth holiday.

      But some Democrats remained.

      “Just because they cut and run in the dark of night, just because they have left doesn’t mean we are taking no for an answer,” said Minority Leader Nancy Pelosi on Thursday morning, the AP reports.

      Yesterday, The Two-Way explained how the sit-in — which has included lawmakers literally sitting on the floor of the House — began:

      “The House is scheduled to break on Sunday, and Democrats are demanding a vote on two bills before they go: one that bars anyone on the no-fly list from buying a firearm and another that broadens background checks for firearm purchases. …

      “Rep. John Lewis, a Democrat from Georgia, announced the sit-in earlier [Wednesday] morning.

      ” ‘We have lost hundreds and thousands of innocent people to gun violence — tiny little children, babies, students and teachers, mothers and fathers, sisters and brothers, daughters and sons, friends and neighbors — and what has this body done?’ Lewis said, flanked by fellow Democrats. ‘Mr. Speaker, nothing. Not one thing.’ “

      Lewis is no stranger to sit-ins. He was a leader of the civil rights movement, chairing the Student Nonviolent Coordinating Committee, working as a Freedom Rider, marching to Selma and, of course, joining sit-ins in the South in the ’60s.

      Ryan has called the Democrats’ sit-in a stunt and a gimmick.

      “It’s not a gimmick for me,” Lewis said, according to the AP.

      NPR’s Susan Davis described the scene inside the chamber:

      “Democrats sang ‘We Shall Overcome.’ … Senators from across the chamber came over. Massachusetts Democrat Elizabeth Warren brought them Dunkin’ Donuts.

      “In the galleries around the chamber, you had families of victims of gun violence, including a mother of one of the children that was killed in the Newtown shooting. Members held up posters of the names of people that had been killed in mass shootings on the floor. It was a very dramatic display.”

      Crowds cheered from outside the Capitol, too.

      For more:

  5. 3:00 PM EDT
    The Impact of Caribbean Culture on America: Through the Voices of Caribbean-American Musicians
    The White House

  6. June 22, 2016

    Statement by the Press Secretary on H.R. 812, H.R. 1762, H.R. 2137, H.R. 2212, S. 2276

    On Wednesday, June 22, 2016, the President signed into law:

    H.R. 812, the “Indian Trust Asset Reform Act,” which makes revisions to the management by the Department of the Interior of Indian trust assets;

    H.R. 1762, which designates the Department of Veterans Affairs community-based outpatient clinic in The Dalles, Oregon, as the Loren R. Kaufman VA Clinic;

    H.R. 2137, the “Federal Law Enforcement Self-Defense and Protection Act of 2015,” which authorizes certain Federal law enforcement officers to continue to carry government-issued firearms during times in which such officers are involuntarily furloughed due to downsizing, reduced funding, lack of work, or lapse in appropriations;

    H.R. 2212, which transfers Federal land in Lassen County, California, into trust status for the benefit of the Susanville Indian Rancheria; and

    S. 2276, the “Protecting our Infrastructure of Pipelines and Enhancing Safety Act of 2016,” which reauthorizes various programs of the Transportation Department’s (DOT) Pipeline and Hazardous Materials Safety Administration through FY 2019; requires DOT to develop minimum safety standards for underground natural gas storage facilities; and authorizes DOT to issue emergency orders to impose restrictions on owners and operators of gas or hazardous liquid pipeline facilities.

    • June 22, 2016

      Statement by Press Secretary Josh Earnest on the Zika Conference Report

      While we are still awaiting more details on the legislation, it is clear that once again, Republicans have put political games ahead of the health and safety of the American people, particularly pregnant women and their babies. This plan from Congressional Republicans is four months late and nearly a billion dollars short of what our public health experts have said is necessary to do everything possible to fight the Zika virus and steals funding from other health priorities. The fact that the Republican plan limits needed birth control services for women in the United States and Puerto Rico as we seek to stop the spread of a sexually transmitted disease is a clear indication they don’t take seriously the threat from the Zika virus or their responsibility to protect Americans.

  7. WH

    Thursday, June 23, 2016

    All Times Eastern

    President Obama receives the presidential daily briefing

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    11:00 AM
    11:45 AM
    President Obama Reacts to Supreme Court Ruling on Immigration Executive Actions

    11:50 AM
    President Obama meets with Treasury Secretary Lew
    Oval Office

    12:00 PM
    1:00 PM
    2:00 PM
    2:55 PM
    President Obama departs the White House en route to San Jose, California
    South Lawn

    3:00 PM
    3:10 PM
    President Obama departs Joint Base Andrews

    4:00 PM
    5:00 PM
    6:00 PM
    7:00 PM
    8:00 PM
    8:30 PM
    President Obama arrives San Jose, California
    Moffett Federal Air Field, Mountain View, CA

    9:00 PM
    9:05 PM
    President Obama overnights in San Francisco, California

    10:00 PM

  8. Title IX

    Title IX is a portion of the Education Amendments of 1972, Public Law No. 92-318, 86 Stat. 235 (June 23, 1972), codified at 20 U.S.C. sections 1681 through 1688, U.S. legislation also identified by the name of its principal author as the Patsy T. Mink (Hawaiian Congresswoman) Equal Opportunity in Education Act . It states (in part) that

    No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity.

    For more:

  9. Jobless Claims in U.S. Declined More Than Forecast Last Week

    June 23, 2016 Michelle Jamrisko – bloomberg

    Fewer Americans than forecast filed for unemployment benefits last week, adding to evidence that the labor market is healthy and stable.

    Jobless claims dropped by 18,000 to 259,000 in the period ended June 18, a Labor Department report showed Thursday. It was the biggest decrease since the first week of February. The median forecast in a Bloomberg survey called for a decline to 270,000.

    Hiring managers are finding little reason to pare staff amid a dwindling pool of available workers. Sustained low levels of jobless claims have helped to reassure Federal Reserve policy makers that the recent slowdown in payroll gains will dissipate.

    “This data continue to point to a labor market that continues to be pretty solid,” said Ward McCarthy, chief financial economist at Jefferies LLC in New York. “The weekly labor market data right now isn’t really fitting with the monthly labor market data, but I expect that over the next few months we’ll see a return to trend” in payrolls.

    For more:

  10. Consumer Comfort in U.S. Increases to a Three-Month High

    June 23, 2016 — 6:45 AM PDT Lisa Du

    Key Points

    * Comfort index increased to 44.2 for the period ended June 19 from 42.1 in the prior week, the largest increase since January 2015
    * Gauge of views on the economy improved to a two-month high of 35 from 32.7
    * Personal finances measure rose to 57.5 the highest since end of March, from 55.8
    * Buying climate index increased to 40 from 38

    Big Picture
    Consumer confidence bounced back with a 2.1 point increase after holding in a 1.5-point range for a record 32 weeks. The improvement in sentiment coincides with a pickup in May retail sales and more purchases of previously owned homes, underscoring forecasts that consumer spending and the economy are gathering pace in the second quarter after a slow start to the year.

    The Details
    * improved in six of seven income brackets, with the biggest increase among Americans earnings between $40,000 to $50,000
    * The gap between Republicans and Democrats widened to the most since April, with Republicans more pessimistic than Democrats
    * Index for those with at least some college education rose to an almost nine-year high
    * Sentiment among Americans older than 65 highest since May 2015


  11. The ‘Anti-Business’ President Who’s Been Good for Business
    Obama on free trade, regulating banks, and why his daughters won’t work for Wall Street.

    A little after 2:30 p.m. on Monday, June 13, we sat down with President Obama in the Oval Office, which is exactly the range of yellow, taupe, and beige we all know from television but smaller than expected. It’s an old building, after all. Obama offered coffee to the three of us conducting the interview: John Micklethwait, editor-in-chief for Bloomberg; Megan Murphy, Bloomberg News Washington bureau chief; and Bloomberg Businessweek Editor-in-Chief Ellen Pollock. He touched briefly on the mass shooting in Orlando, before quickly switching gears: “All right, let’s talk about the economy.”

    BLOOMBERG BUSINESSWEEK: The stock market has tripled. Profits are very high. And yet you still have this label of being an anti-business figure. How do you look at that?

    OBAMA: Well, first of all, toward the end of my second term, I think among the business community, there’s maybe a greater acknowledgment, a less grudging acknowledgment, that we steered through the worst financial and economic crisis in our lifetimes successfully—certainly more successfully than many of our peers. We’re now 10 percent above the GDP pre-crisis. In Europe, for example, they’re just now getting back to even.

    As you mentioned, the stock market, obviously, has come roaring back. But I think more relevant for ordinary folks, we’ve cut the unemployment rate in half. We’ve been able to have the longest [stretch of] consecutive months of private-sector job growth in our history. Biggest job growth since the ’90s in manufacturing. The auto industry has come roaring back and is selling more cars than ever. We’ve doubled the production of clean energy. Our production of traditional fossil fuels has exceeded all expectations. We’ve been able to grow the economy, reduce unemployment, and cut the deficit by around three-quarters, measured as a percent of GDP. So it’s hard to argue with the facts.

    I think where the business community has traditionally voiced complaints about my administration is in the regulatory sector. And yet, if you look at the results—Dodd-Frank being a good example—it is indisputable that our banking system and our financial sector are safer and more stable than when I came into office. Now, what’s also true is that banking profits are not as outsized as they were, but I don’t consider that a bad thing, and I think most Americans don’t either. They’re still making a profit, it’s just that there is a froth that’s been eliminated, and that’s good over the long term for the financial sector.

    For more:

  12. June 23, 2016

    Remarks by the President on the Supreme Court Decision on U.S. Versus Texas

    James S. Brady Press Briefing Room

    11:53 A.M. EDT

    THE PRESIDENT: Good morning, everybody. I wanted to say a few words on two of the cases the Supreme Court spoke on today.

    First, in the affirmative action case, I’m pleased that the Supreme Court upheld the basic notion that diversity is an important value in our society, and that this country should provide a high-quality education to all our young people, regardless of their background. We are not a country that guarantees equal outcomes, but we do strive to provide an equal shot to everybody. And that’s what was upheld today.

    Second, one of the reasons why America is such a diverse and inclusive nation is because we’re a nation of immigrants. Our Founders conceived of this country as a refuge for the world. And for more than two centuries, welcoming wave after wave of immigrants has kept us youthful and dynamic and entrepreneurial. It has shaped our character, and it has made us stronger.

    But for more than two decades now, our immigration system, everybody acknowledges, has been broken. And the fact that the Supreme Court wasn’t able to issue a decision today doesn’t just set the system back even further, it takes us further from the country that we aspire to be.

    Just to lay out some basic facts that sometimes get lost in what can be an emotional debate. Since I took office, we’ve deployed more border agents and technology to our southern border than ever before. That has helped cut illegal border crossings to their lowest levels since the 1970s. It should have paved the way for comprehensive immigration reform. And, in fact, as many of you know, it almost did. Nearly 70 Democrats and Republicans in the Senate came together to pass a smart, common-sense bill that would have doubled the border patrol, and offered undocumented immigrants a pathway to earn citizenship if they paid a fine, paid their taxes, and played by the rules.

    Unfortunately, Republicans in the House of Representatives refused to allow a simple yes or no vote on that bill. So I was left with little choice but to take steps within my existing authority to make our immigration system smarter, fairer, and more just.

    For more:

  13. WH

    Friday, June 24, 2016

    All Times Eastern

    President Obama receives the presidential daily briefing

    7:00 AM
    8:00 AM
    9:00 AM
    10:00 AM
    11:00 AM
    12:00 PM
    1:00 PM
    1:45 PM
    President Obama participates in a discussion with Mark Zuckerberg and entrepreneurs
    Stanford Memorial Auditorium, Stanford University, Palo Alto, California

    2:00 PM
    3:00 PM
    3:05 PM
    President Obama participates in a Google Portal virtual conversation with entrepreneurs
    Stanford Memorial Auditorium, Stanford University, Palo Alto, California

    4:00 PM
    4:30 PM
    President Obama departs San Jose, California
    Moffett Federal Air Field, Mountain View, CA

    5:00 PM
    6:00 PM
    7:00 PM
    7:20 PM
    President Obama arrives Seattle, Washington
    Seattle-Tacoma International Airport

    8:00 PM
    9:00 PM
    9:55 PM
    President Obama delivers remarks at a fundraiser for Washington Governor Jay Inslee
    Washington State Convention Center; Seattle, Washington

    10:00 PM
    11:00 PM
    11:25 PM
    President Obama holds a fundraiser for House Democrats
    private residence, Seattle, Washington

  14. Democratic National Convention Committee Convenes Mid-Atlantic Democratic Platform Forum
    Democrats Asked to Make their Voices Heard by Providing Written Testimony, Submitting Video Testimony or Requesting to Appear in Person

    Jun 07, 2016, 14:23 ET from 2016 Democratic National Convention Committee

    PHILADELPHIA, June 7, 2016 /PRNewswire-USNewswire/

    On Wednesday, June 8th and Thursday, June 9th at the Omni Shoreham Hotel in Washington, D.C., the 2016 Democratic Platform Drafting Committee will hold the first in a series of regional events designed to engage every voice in the Party. Democratic National Committee Chairwoman Debbie Wasserman Schultz, Platform Drafting Chair Rep. Elijah Cummings (D-MD), and Democratic National Convention Committee (DNCC) CEO, Rev. Leah D. Daughtry will deliver opening remarks at the forum. The Drafting Committee will then hear from policy experts and Democrats from all walks of life to inform the Democratic National Platform.

    In an effort to welcome every voice in the Party, the DNCC has announced multiple ways in which the public can participate in the series of regional events. Democrats interested in providing testimony can go to to submit written or video testimony. Members of the public interested in attending the events can also RSVP online; seating will be available on a first come, first served basis.

    For more:


    2016 Democratic National Convention Committee Platform Meeting

    Forums will be held in the following regions:

  15. June 24, 2016

    Statement by the President on the UK Referendum

    The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy. So too is our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond. The United Kingdom and the European Union will remain indispensable partners of the United States even as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world.

    • June 24, 2016

      Readout of the President’s Call with Chancellor Angela Merkel of Germany

      The President spoke today by phone with Chancellor Angela Merkel of Germany regarding the British people’s decision to leave the European Union. Both said they regretted the decision but respected the will of the British people. The two leaders agreed that the economic and financial teams of the G-7 partners will coordinate closely to ensure all are focused on financial stability and economic growth. The President and the Chancellor affirmed that Germany and the EU will remain indispensable partners of the United States. The leaders also noted that they looked forward to the opportunity to underscore the strength and enduring bond of transatlantic ties at the NATO Summit in Warsaw, Poland, July 8-9.

  16. US Consumer Sentiment

    Released On 6/24/2016 10:00:00 AM For Jun, 2016

    Prior Consensus Consensus Range Actual
    Sentiment Index – Level 94.3 94.0 93.2 to 96.5 93.5

    Consumer sentiment was solid going into Brexit, at 93.5 for final June vs 94.3 in the mid-month flash and against 94.7 in May. The 93.5 final compared against the mid-month reading implies a sub-93 pace over the last two weeks which may be down but is still one of the best readings of the past year.

    The current conditions index, at 110.8, is higher than May’s 109.9 for a positive on June’s spending outlook. The expectations component is down 2.5 points in the month to an 82.4 level that, outside of May, is the best since January. Strength in expectations points to confidence in the jobs outlook.

    A special plus in the report is a sudden turn higher in inflation expectations, one that perhaps reflects a delayed reaction to the price jump in gasoline. One-year expectations are up 2 tenths at 2.6 percent with 5-year expectations up 1 tenth and also at 2.6 percent.

    The readings on inflation expectations will offer good news to policy makers who have been citing the prior decline as a concern. Certainly not a concern is the state of the U.S. consumer who, boosted by wide employment, is upbeat, at least going into Brexit.

    For more:

  17. *******************

    Come on over to my newest post titled: ”Stonewall National Monument ″


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