World something really big happened on monday. And that was there was agreement to actually increase the cpp. So we had a change in government last october. That was a positive on enhancing the cpp. Frankly, ontario would rather do something nationally with the other provinces than do things on their own. So the between ontario and the federal government and doing some further work, there was actually agreement on monday to do two things with respect to the canada pension plan. One was to increase the benefit, and number two is to increase the amount of income thats going to be covered by the benefit. So its a big deal in canada right up there with stabilizing the cpp in the 1990s. So theres a lot of detail to be worked out as to okay, exactly you get down to the bottom line what does it all mean in terms of implementation. A long window on implementation, starts 2019. Sevenyear window to implement the whole thing. That got agreement thats what got agreement from the hesitant provinces
Higher. Slightly. Call it almost flat. France is higher by 2 points. Oil prices have been moving higher on a report suggesting that russia is in talks with saudi arabia. Others about achieving market stability. Crude had a strong were falling a developing story out jfk airport. Multiple agencies responding to the airport after a report that shots had been fired. After arriving on the scene, authorities said there was no gunfire. The nypd declaring on twitter that all terminals were searched and cleared and no shots fired. They believe the woman who reported it misinterpreted clapping and banging from people watching the Olympic Games. Incident in the mall where people had fireworks. They were watching usain bolt last night. It was amazing. I did get to see a lot of it last week. Its all been really great. The swimming. Katie ledecky, wasnt she amazing . Shes that solo swimmer. I tuned into the end of that. Golf turned out great. I think some of the guys that didnt go were like oh, man
You go to a Department Store and as a young person youre not afraid to ask questions of your parents. I would say, why is there a colored restroom, why is there a white restroom . Why do signs there for, and water fountains and white water fountains . I was told that that was the way his. I said, why . Arts we all people arent we all people . I did not go to school with any africanamerican or other ethnic groups. That has greatly changed. Much to my delight. I went to undergraduate school at clemson university. I went there for Architecture School and they were one of the first to admit an thecanamerican into african and Architecture School. It has been a wonderful experience for me personally to see the change that is happened. I first worked with the native american community, we did a Cultural Resource center for the smithsonian. Over 12 years, you learn a lot. You learn a lot about the culture that is different than yours. Hoping that will be the case when people come to this museu
Talk to youu about Financial Inclusion and moving Financial Education forward. Fetches a much. [applause] thank you so much. [applause] thank you again, mr. Secretary. This is been terrific. It is my pleasure to move us forward and to introduce Roger Ferguson junior. His illustrious career and a competence accomplishments speak for himself. Federal reserve system employee. He served on the president s economic recovery Advisory Board and council on jobs and repetitiveness. Competitiveness. Ceo of piab. Allows them to have unique authority on issues of wealth building and had to provide Financial Services. His contribution to our country and the private sector have been recognized many times. Hes recognized more time. [applause] one more time. [applause] thank you for that kind introduction and good morning, everyone. The sun is to be here. I commend the secretary and the department for hosting this forum. And for paying tribute to friedmans bank. All of you know that friedmans bank was
Talking about it together and we are honored to have you here not to mention larry lives across the street and is a regular customer here. That makes it so special and personal so please join me in welcoming lawrnece kudlow and brian domitrovic. Thank you very much, appreciate it. Are we on both microphones . Cspan, thank you for covering us. I am lawrnece kudlow, i am a local. When random house started organizing this that works, we will do what we can. Penguin random house said a while back when we got this thing written and published it is good to have a couple of local bookstores. How about across the street . Terrific idea. We will do a bunch of these, tons and tons of media, people have been wonderful to us, wonderful oped piece, this is my coauthor and great friend brian domitrovic. Brian is the curator or head what is the senior associate. Senior associate and longtime friend of mine. His prior book iconoclast is all about the supplyside revival going on, he is a harvard traine