Capital accumulation in the middle. One of the important steps that your administration signed into law was just making it easier and more automatic to save in your 401k plan. Now the majority of Companies Default people into savings and default into auto escalation in saving policies. Next step is take nearly half the population that doesnt have savings accounts at work and give them access to automatic ira. Thats an idea that came out of the Heritage Foundation working together with brooking. Theres a lot we can do to focus on a positive story to create well. For most families, homes are principle source of wealth. We have a bipartisan efforts to put people in houses from the tax codes and regulatory. How do we go back look at housing policy in a more reasonable way . We want people in homes. Its an important asset for most americans. How do we rejuvenate the Housing Market without creating the same we had before . First of all we should be reforming Housing Finance system, should be
Fastest rate in almost two years. Uk giant tesco is getting hammered, down about 15 on a profit warning. This joufr seas action comes after the dow and the s p 500 posted their biggest drop since late october. Commodities and tech stocks weighing on the markets. Crude oil dropping more than 4 . Check this out, its up slightly at this point. It closed yesterday at 63. 05 wti. Still sitting below 64 a barrel at 63. 65. Brent sitting at 66. 63. Weve been watching all of in this morning. As you check this out, take a look at the futures this morning. Not much to key off of in terms of positive news. S p futures off by 6 and the nasdaq down by 14. A huge part of that has to be the lead story in the wall street journal saying the fed is now signaling its going to shift on lower rates, actually raising rates in the next year. That takes away what some people had been anticipating, thinking that these low oil prices will take pressure off the fed. Job number changed everything in peoples minds
The Worlds Largest Electronics Show in las vegas. Sony using this time to address the cyber attack. I am very proud of all the employees and partners we work with, as well who stood up against some of the extortionist efforts of the criminals that attacked Sony Pictures and its employees. Announcer youre watching Worldwide Exchange, bricking you Business News from around the globe. Just want to get i up to speed on some data that just broke. Eurozone composite pmi coming out at 51. 4 versus 51. 9. That was the expectation versus what we got in november, which was 51. 1. Again, the december composite coming out at 511. 6. We have had the numbers out of the individual countries. Spain came first. That was a good reading, 54. 3 in euro, came up a little bit off the back of that. We then see that sharp selloff as you can see in the euro off the back of the italian number which was 49. 4 against a forecast of 51. 7. Since then weve had french and german numbers. France was 51. 6 against the
My name is gabriel wolf. Thank you for a very interesting presentation. I understand that every selfdriving car has to know where it is at any time. Is it necessary for others . My question is, do self driving cars have to be tracked . That is what i think i understood him to say. They have to be tracked and be connected and there ways they will be tracked in that sense. Maybe mark or randall, do you have an answer to that . Publicly the way the current manufacturers envision this, they want to focus on Sensor Technology so there will be a gps receiver so the car will know where it is relative to other things. The sensors are there doing. You will be able to pull up a screen and see where they are. I dont think they will know where another selfdriving car is. I dont think thats necessary. Tracking is not a part of the technology that is being developed by any of the companies that i know about. Question at the back . My name is Kathleen Shannon from the university of virginia law schoo
That will be pretty interesting to see. To that end, to the traders have an interest in taking these indices slightly higher . We have drugs on the move. And it is up 1. 1 . The u. K. Housebuilder raising the dividend. The stoxx up. Stocks up. And they have a lung cancer drug. It is a lung cancer drug with a survival rate exceptionally well. Syngenta up. Reuters says the deal depends on the sale of the business. Bloomberg intelligence gives a little more depth to china, europe, and the u. S. Antitrust suggestions to do the deal with monsanto. Is it a reprieve at the moment . Would you be tempted in. 72 . We are seeing substantial foreign buying in the bond market, in the u. S. Bond market we havent seen for quite some time. It is one of those moods out there. Is it an attractive yield relative to an equity yield . That is the debate for investors. Jonathan if you asked me this time last year is 72 basis points attractive on the german yield, i might have said no, but given where it is