Also in this playlist...
This transcript is automatically generated
That's what -- get to.
Ever delivers Dow Chemical okay this is that a company that's up more than 20% over the past -- simply by doing slow and steady progress and did -- months.
Today is one of the pieces of the investment puzzle here this behind me is the 800000 square foot technology center in college -- Pennsylvania.
And I had an opportunity -- a Fox Business exclusive he came to Fox Business -- cameras to tell only I'll send you in our American icon series.
Why he's doing what he's doing and what what matters here and what.
Is at a dream for this facility and Dow Chemical -- Sandra licorice and Fox Business exclusive.
The scientists here intersecting with people.
Out there who needs modern buildings Mata -- not our lifestyles.
At the bottom pyramid at the -- improvement.
Independent of how much money but to Spain they give value in the lifestyles improved gross out scientists.
Have helped solve problems don't -- named Andrew.
-- more fertile economic environment you have worked with the president -- yesterday the president came out with news that he is proposing a 28%.
Corporate tax rate to 25% for manufacturers do you envision that you would fall under the manufacture park.
Clearly clearly had a book the president's doing all the right things of manufacturing he's mattered a hole popped I was he's policy advanced benefactor is -- industrial policy.
And that's manufacturing is doing what you said before about the stand.
He's really kindling innovation if you have manufacturing you get innovation have innovation OK and you don't have manufacturing you'll lose innovation.
And that's what the Chinese have figured out that's what other countries have figured out how to I -- man -- of the advance kind alongside that put facilities like beets and the president gets that.
That's why he's putting these polls is in place so -- -- go the corporate tax rate for all of us.
But actually do a special from manufacturing to get the job -- the high paying job she talked about so if you like the 25% level Shaw I mean look would it's passing revenue neutral all of us understand.
The corporate tax reform was revenue neutral we will get that.
The business roundtable of his council -- get that -- taking it from where it is 22825.
If it ends up being the same Petra full of us I also get that.
But if it has to be a special incentive out that direction give these jobs you just talked about that -- -- of a small plot.
For every job -- -- here this five trade jobs credit around me.
That's a great -- -- really good high paying jobs in the supply chains.
And what you get from that is you get innovation and you get better margins syndicate happy shareholders see how that -- That as you know we've talked about this the activist shareholders are swirling around chemical companies.
I wouldn't call Warren Buffett and activist shareholder but he's put three billion in preferred since your company -- a thumbs up back -- 2008 to help you purchase from Hamas which is now housing -- a lot of those employees -- previous location.
That cost him money I mean what do you expect to be out of the -- -- -- position.
So -- balance sheet has now gone down -- debt levels pre B Rohm & Haas acquisition on net debt.
Is the lowest it's been since the 0607 timeframe so we've adjustable -- the only part of the balance sheet is the pot -- just referred to originally so quote -- performance.
Cast them out out of other companies we have actually cheaper version of the once in a Goldman and G.
Having said that they are as you say are pretty high expense -- we want to liberate that expense.
We said as recent as last week there were talking a warrant of -- time to see what the best way of doing that.
As interest rates go up there was less so you know interest rates on moving up so we'll see what timeframe that becomes but I would tell you.
Balance -- focus taking them a -- rewarding shareholders generating the cash rewarding shareholders in the near term.
Is -- focus should get not just out of science and innovation like this science innovation -- this.
Can only be garden -- you got the short term results.
So people like me we have to -- for every shareholder whether it's mr.
Buffett or any shareholder of the short time to generate the long term.
Business obviously is good enough that -- -- opening the facilities like this one part of that has to do with very cheap natural gas -- which you use it's.
Intensive use here -- Dow Chemical.
Last time we spoke you talked about how you were.
Sort of on the fence about artwork you weren't happy actually with a big push to export liquid natural gas here in the United States.
But let's find out how you feel right now about it.
I think the administration is doing a balanced approach and -- just had this for five or six years this is a 100 here advantage there's not a billion dollars of capital in the value wet.
-- alone is pretty between point six billion dollars of new capital in this country high paying jobs.
Let's -- below whole -- by exporting or like my home country of Australia exports 90% of its gas.
It's domestic consumers and -- -- factors played Japanese prices much why would you want to do that in this country all at once.
A balanced -- -- everything we've ever talked about his balance and I think we getting that.
Hit one point on the -- as we finish up that's doing the best at this point for here this us.
The United States of America.
And some and amazingly strong statement I've said now for three quarters in -- room that we're on the pop.
Just gonna keep that lets let the politics.
The -- -- called let's put it to one side get the corporate tax reform.
Get the trade agreements with Europe and TPP in place let's get the good things done this country is on the beginnings of -- recovery.
-- -- -- And her liver is chairman and CEO of Dow Chemical ending on a very firm positive but forceful note here in Pennsylvania -- a Fox Business explicit JC.
Filter by section