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
Departure. Soft bank looks to create some hollywood movie magic. The Japanese Firm is in talks to buy Dreamworks Animation for more than 3 billion. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. This is a live shot from the streets of hong kong. The hang seng market closed 2 lower after a week of protests on the streets of hong kong. Demonstrators are demanding full democracy from beijing. The Hong Kong Government says it has withdrawn riot police as protests calm down. Eunice is in beijing for us, what has been the reaction there to the protests so far . Reporter well, so far in beijing, mainly what people are seeing is a very controlled presentation by the government of what is happening on the ground in hong kong. Theres been heavy sensorship on the internet where we are seeing instagram blocked, also some of the social media apps, particularly like the messaging and wechat. We are seeing a lot of terms deleted that have any reference at all to
But we hear they are still confident on china. I dont see people pulling out of china but i continue to see people putting money into china. G20 leaders warn russian president Vladimir Putin more sanctions could be on the way as they meet in brussels to discuss possible measures. Now to our top story, a quite astonishing story in japan. The gdp number shows a 1 president 6 contraction against the expectation of 2. 2 growth. One of the analysts said theres a big drop as businesses cut back on investing. Key consumption is another weak quarterly factor. Japan is now back in a technical recession following the drop in q2 after the sales tax came through. The latest fall is cementing last weeks rumors of the second tax hike to be delayed and a snap election will be called. Now what does that mean for the markets . The nikkei, sorry, the yen hit a sevenyear low of 117. 06 but they are currently up. 92 . Does this mean we get more easing or have a snap election . Or a sales tax hike is delay
Good morning. Welcome to Worldwide Exchange. We have two hours together. Right now on the wires, we are just looking at the ecodata hitting. And just a note from my producer, my wire has just gone down, so we are looking at the german Business Climate falling for the month of august. Revisions to july indices are seen as well, but the Expectations Index coming in at 101. 7 for the month of august. The Consensus Forecast was for 102. So the Expectations Index a little bit light. They are stating no revisions to the july indices. And again, the Expectations Index coming in just slightly light. Current conditions, 111. 1. Which means that were also looking at that particular reading being a bit light as well. Not by much, but we are still seeing a bit of a drop there. Lets talk a little bit about the markets. We are seeing the euro dollar at 1. 31, just shy of where we have been the last few sessions. Down the line we are at the hag hague. Good morning this morning, how are you . Good mor
Raise it bid to 50,000. And israel continues the defenses in gaza promising a significant blow on hamas as more rockets are fired into israel from the lebanese border. Announcer youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to Worldwide Exchange on this monday morning. We are plane crazy this morning with the biggest names in aviation to capture england. The fighter jet wont be making its debut today as the engine has left the fleet grounded back in the u. S. This is an embarrassment to the manufacture manufacturer. So far this year bowing is ahead of airbus for aircraft orders. They hope to build on the popularity of the a320 which holds the majority of the orders. And across the hanger, boeing is maintaining a lead in the passenger jet market. The manufacturer claims their planes are more fuelefficient. And the u. S. Government continues to cut defense spending. Coming up, well bring you both sides of the argument with an exclusive argum