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
Have a majority and they were the shareholders in government so you participate sometimes and theyve become oneparty voters. Our system is almost parliamentary today in terms of voting blue and voting red. They used to vote for the name on the back of the jersey. Ow they vote for the jersey. Its the best way to put it so what happens and they come to washington they behave like a Parliament System so instead of the Minority Party or the Opposition Party and to say no to everything and thats got to be broken, so the good news coming out of the elections on tuesday we have three states now that have runoffs with the top two from the primaries. Two democrats, two republicans, california, louisiana, washington state. They tested 21. So there is some movement out there even in the state democratic districts or are some republicans we have to cater to. My plan is that it gets people to vote on occasion instead of having to just stay and be punished in the primary. And until you break that i
Thirds, a stock market that has doubled. [applause] the president pledged to work with lawmakers, but many proposals are unattractive to republicans. Turning to japan, the countrys central bank has cut its inflation forecast and cap to record stimulus in place kept record stimulus in place. The boj has been trying to reinflate the economy, but has not been able to hit its 2 inflation target. The price of gold has gone over 1300 per ounce. Investors are returning to gold after shunning it for two years. Capital is flowing into safe assets. Gold is up 10 this year. Peace talks over the fighting in ukraine begin today. Foreign ministers will all attend from germany, ukraine and russia. Todays talks are focused on pulling back heavy weapons from the front lines. A new development in the case of the underinflated footballs. The nfl has found that 11 of the 12 balls that the new England Patriots used on sunday against indianapolis were not properly inflated. In theory, underinflated balls mi
To enter the race today. Marco rubio of florida is holding a rally in miami. That is 6 00 p. M. Tonight. President obama and fidel castro met over the weekend in panama the First Encounter in more than 50 years. President obama said that the two difficult on issues and can turn the page. The tphebgsnext big step is whether they remove the designation as state sponsor of terrorism. The Obama Administration will be selling the Iran Nuclear Deal this week to a Skeptical Congress. Cabinet members will have a closed door briefingor members of the house today and brief the senate tomorrow. He argued they should be able to negotiate a final deal before Congress Ways in. John kerry we have earned the right with what we have laid out in this parameter that has been set forth we have earned the right to complete this without interference and certainly without partisan politics. Olivia the senate is about to take up a bill that would give congress 60 days to review any final agreement with iran a
Rate decision. I was talking to michael mckee, the gdp report dovetailed with the fed. Interesting as we get to the jobs report on friday. Big economic day. Earnings before the bell, time warner. After the bell we have yelped and carlyle. Dotheres the brief, let me the data check before we get to a busy front page. Features negative two, future nothing, nymex crude 100. 34, douth. South. 1300, renminbi currency,er chinese exporting deflation out of china something to watch into may. An incredibly busy morning. Look at the front pages. Heres scarlet fu. Top our front page. Prosecutors considering charges against Credit Suisse and bnp paribas according to people familiar with the situation. Credit suisse big investigated over whether it helped americans as a taxes. Prosecutors trying to figure out whether bnp broke the law by doing business with iran, cuba, sudan, countries we have sanctions with. These are criminal. It could result in the first guilty plea from a major bank in 20 years.