The dow and the s p 500 finished the day higher, af rel for investors who were searching for answers after yesterdays big selloff. Trade pushed stocks lower and then higher asd money rus into the bond market yields fell and stocks followed. At one point the yield on the tenyear treasury dipped below 1. 5 . Thats the first time that has happened since 2016. The yield on the 30year hit a recobu low, again, that didnt last. Yields rose in an unusually harp way and stocks swung wit them. Here is where the major averages closed on the trading day. O theu joins industrial daerage rose about 100 points, the n fell 7 and the s p 500 added 7. Bob pisani takes a look at the strange day. Reporter stock went for another wild ride with the dow swinging all day. We saw risk actions first on a number of back andand forth u. S. china trade headlines. As yields fell further to multiyear lows. A member of the European Central bank said the ecb was setting the stage for an aggressive rate cut in septembe
Problem with multiemployer pensions, which needs to be addressed. However, this bill, i believe, will actually set us back. It does nothing to address the underlying structural issues of these plans. It actually does nothing to protect younger workers who will be asked to keep paying into a system which remains troubled. And it saddles taxpayers with liabilities which are unlikely to be paid back at a massive cost to taxpayers. Let me provide just one alarming example of how flawed this proposal is, which i also highlighted in our committee markup. Under this legislation, if a pension plan applies for a loan and the newly administration cannot make a determination on that plans ability to repay in order to approve or deny the loan within 90 days, the loan would be automatically deemed approved. Taxpayers deserve timely responses from treasury, but no Reputable Institution would rubber stamp loans like this. Pensioners and taxpayers both deserve better. Lets Work Together to deliver a r
Pantheon of the great tennis circuit hes won for the ages. Up. Scott turner for the ages starts july 10th on t. W. China defends its role as africas biggest lender beijing says it doesnt send debt traps and only offers the continent true friendship. Baby eels a delicacy in china and a multimillion euro business thats why smugglers want a piece of the pie. And from fame and fortune to bankruptcy a german tennis Star Auctions off his most prized possession. And paid for by its to business outside forces trying to vilify beijing thats what chinas top diplomat has told senior ministers visiting from africa say council one nice is chinas approach to cooperation with africa is different to that of traditional powers its not pursuing selfish geopolitical gains or engaging in debt trap diplomacy but rather 2 sided sustainability china calls it true friendship but some say its a one sided affair ministers from 50 african countries met with their counterparts in beijing this week to discuss furt
Id return to. Visiting friends i dont think id ever go back there to live you know what i live there again i dont know so im not sure. Witness global news that matters. Made for mines. China defends its role as africas biggest lender beijing says it doesnt sent debt traps and only offers the continent true friendship. Baby eels a delicacy in china and a multimillion euro business thats why smugglers want a piece of the pie. And from fame and fortune to bankruptcy a german tennis Star Auctions off his most prized possessions. I mean physical and lets do business outside forces trying to vilify beijing thats what chinas top diplomat has told senior ministers visiting from africa say council one nice is chinas approach to cooperation with africa is different to that of traditional powers its not pursuing selfish geo political gains or engaging in debt trap diplomacy but rather 2 sided sustainability china calls it true friendship but some say its a one sided affair ministers from 50 afric
This is on the money. Your money, your life, your future we begin with paying for college after you graduate Young Workers earning their first paychecks have a dilemma should they pay off Student Loan Debtor start saving for the future Senior Personal finance correspondent Sharon Epperson finds some companies are trying to help new hires do both. The big payback is this weeks cover story. Reporter recent grad is Building Technology that could some day save heart transplant patients each day is a new challenge its a very dynamic, complex setting, but it is very rewarding. Reporter the 24yearold biomedical engineer had three job offers coming out of grad school he chose this one at abbott, a Global Health care company, not for the salary or medical benefits but because it was the only one with a program that could help him save for retirement while paying off his Student Loans. It was the main lynchpin to why i accepted an offer. Reporter employees usually have to contribute part of thei