This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Remarks By Walmart U.S. President And CEO Bill Simon At The U.S. Manufacturing Summit

"We're just staring at each other. And in some ways, that's what's happening right now.

"But if we make things, then we add value and change the equation.

"When a manufacturer makes something as basic as a light bulb, then the employees can afford a night out - to eat at a restaurant and go see a movie....and make their way to the middle class.

"So we need to make things in America.

"But I want to be very clear: I'm not saying we should turn inward or move business away from other places.

"This is not about our country versus other countries. We have a global economy, and the factories abroad will keep humming along, driven in part by a rising middle class around the world.

"But as you've heard today the next generation of production will need to be built closer to its consumption. And that creates an opportunity for all of us.

"With our global role, as America does better, the rest of the world will too.

"Now, the new manufacturing jobs may look different from the old manufacturing jobs: many of them will be higher skill and higher wage jobs.

"Instead of a lineworker walking around to inspect the machines, you might have a supervisor monitoring her iPad.

"These will be good jobs – the jobs in the middle that we need.

"And, as you heard, the 'multiplier effect' tells us that each new manufacturing job will lead to about three more jobs around it, creating even more opportunity in our communities.

Working Together to do More

"So Walmart has made a $50 billion commitment. But the retail industry together could drive so much more – ten times more.

"That's how we make a difference.

"We need all of us to look for these opportunities and to see the world through new eyes.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs