I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will get which seem unrealistically optimistic to me in an economy that has a longterm Growth Potential of under 3 . You think you will get 7 or 8 returns on 3 Economic Growth forever. I dont know how you do that unless the stock market gets more detached from reality. We have had a few dips and reality the last few weeks that reminds us that it does not always go up. Host explain exactly how the Pension System works. Guest there are basically two weeks to organize the Pension System. One is like Social Security which is the payasyougo
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
For american progress, and Marc Scribner, a senior fellow at the competitive enterprise institute. They are here to discuss President Trumps newly released infrastructure plan. This is still infrastructure week. Thank you both for joining us. Guest thank you for having us. Host the president says he can create 1. 5 trillion in infrastructure by using just 200 billion in federal money. I want to get an idea about how that can happen, and i will start with you. Guest it is unrealistic, to say the least, that you will get 1. 5 trillion infrastructure activity based on this plan. It is important to look at the plan in the context of his fy 2019 budget. The budget actually cuts more money from federal infrastructure programs than the plan calls for. The existing federal infrastructure programs that have cuts, he wants to cut 280 billion. If we put that next to the plan, and dollar . 40 for every one dollar proposed expenditure, that would create a loss of construction jobs and a reduction i
To the primespeak minister and we are joined by the Deputy Governor of swedens riksbank. We will also be speaking to the Prime Minister of italy. Ceo. He saudi aramco there are plenty of good interviews coming up. Trumps new trade barriers are putting more pressure on the nafta talks when they resume later this week. Ont is as important taxes washing machines and solar affect canada and mexico. We are working very hard to make sure our neighbors to the south recognize how important nafta is and that it benefits not just our economy, but his economy, and the World Economy. Very much open to re trade deals involving more people. Has withdrawner the offer he made last week to give donald trump more than the initial 1. 6 billion he requested for the u. S. Mexico border wall. Republicans called the move a step back in the continuing debate for immigration. Donald trump tweeted, crying Chuck Schumer understands that if there is no wall, there is no daca. The u. S. Federal reserve governor Je
If you immigrated to the u. S. Five years ago or more 202 7488001. If you are a daca recipient or eligible or applied for daca 202 7488002. All others Illegal Immigrants, we have set aside a line for you as well. 202 7488003. We welcome your comments on our facebook page. Will get your calls momentarily. The week ended in washington with the unveiling of some of President Trumps proposal. Members of his administration detailing it to Congressional Staff and some congressional leaders on friday. The attorney general speaking about it and norfolk in on friday. Ginia the plan would provide a 10 to 12 year path to citizenship for about 1. 8 million current daca eligible immigrants. 25 billion for a border wall and other security measures. It would also limit what has been called chain migration to include spouses and minor children only and would eliminate the visa lottery system. We will appear more from the president and Jeff Sessions in a moment. To point out the lead editorial in the W