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Until recently, the administration’s approach to foreign policy has been low key, but now President Biden is headed out on his first international trip—attending the G7 summit and a NATO meeting. Jeff Kleintop, Schwab’s chief global investment strategist, joins host Mike Townsend to discuss the president’s efforts to build multilateral support for a global minimum tax and combat climate change. They also share insights on the global economic expansion, progress with China on intellectual property, and rising tensions over Taiwan, as well as the global semiconductor shortage and how it is impacting U.S. production. Mike also shares his thoughts on the improving outlook for a bipartisan infrastructure plan; the new bipartisan retirement savings bill in the Senate; the SEC’s focus on cryptocurrency, SPACs, and the use of social media to spark retail investing; and an overview of the bumpy road ahead for Biden’s 2022 budget proposal. WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise. If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.  Important Disclosures Investors should consider carefully information contained in the prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. Please read it carefully before investing. The policy analysis provided by the Charles Schwab a Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. Investing involves risk including loss of principal. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks. Digital currencies, such as bitcoin, are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view Bitcoin as a purely speculative instrument. (0621-138B)