Key points from the first day of the Milken Institute Global Conference.

1. The Chief Information Officer of Google's parent company Alphabet said that the skills gap in the American workforce puts the United States at a disadvantage. 2. IBM's CEO, Cohen, is optimistic about the future direction of the American economy. 3. The CEO of DaoFu Bank, O'Hanley, described the tariff policy as "chaotic". 4. The Director of the Congressional Budget Office still expects the debt ceiling to expire by the end of summer. 5. Wamco's Chief Information Officer, Buchanan, believes that the likelihood of a major recession in the United States is extremely low.