Its good for the economy. We dont have a high savings rate in this country. One of the problems with Social Security is we havent figured out how if we prefund it, put more revenues into the system we can wall that off to increase national savings. Its been unclear and it seems they didnt increase net national savings. We havent come up with more ideas. You would like to see it increase national savings. That would be good for the economy as a whole. We do believe we theed to increase savings as a form of wealth for particularly low income, low net worth households. So child savings accounts is something we are in favor of. Baby bonds where you create accounts that allow children to acrew interest and earnings over a lifetime. These are things we are in favor of. Outside the Social Security system. There is a lot we can do for asset building in communities of color and low income populations. Its an avenue we should consider. The baby roth ira account has been proposed a number of time
Apparently they like to drive blue bmw sports cars. We will have that and a whole lot more. A look at the markets which are down. We have a hold another hour of market now. Dagen it is not women, just to clarify upfront, it is dudes most prone to road rage. Nice to see you, mr. Mcshane. Lauren simonetti is at the new york stock exchange. We came into work this morning and found out that europe is out of recession. Where is the rally . Almost a 100 point oh client earlier. We did get some disappointing earnings. We do have the st. Louis Federal Reserve president speaking at 115 eastern time. That is something that we will be looking forward to. Dagen a fox business alert. Fielding questions from reporters this hour on the plan for the future of the Postal Service. Connell peter barnes joining us from d. C. Peter one of the things that he wants is the right to be able to sell and ship alcoholic beverages through the Postal Service. The postmaster general says the delivery of alcoholic be
Liz a down day for investors. Cutting the guidance for the whole year. David Farm Equipment giant beer which raised the forecast. Beating estimates. Liz federal prosecutors announce charges over the 6 billion plus london Wales Trading scandals. Accused of fudging the numbers and in some cases making them up. David and the tech blog all things d says amazon is hiring staff for a secret warehouse in new jersey. The Amazon Fresh Grocery Delivery Service that could be coming to the new york area very soon. A very busy day. After the bell starts right now. Liz can the delivery truck stop at my house in new jersey first . I love it. We are only delivering to manhattan. Lets go to todays move. Investment senior Equity Analyst whose last stock pick is up 11 , and in the pits of the cme. What was it like in the pits because we did not see much generation in anything from the yield on Treasury Bonds to equities. The market is a big nothing. We are moving up and down, and between a range of 16801
Im bill hemmer live inside americas newsroom. Sandra happy friday to you. Senator rubio opposing the bill. He says the Child Tax Credit doesnt go nearly far enough. President trump meantime says he is confident rubio will vote yes. President trump i think he will be there. A great guy, very supportive. I think senator rubio will be there. Were doing well on the tax front. We have tremendous support. We have tremendous spirit. It will be the largest tax cut in the history of our country and i will say the republican senators and congressmen and women have been incredible. Bill other republican senators including mike lee and bob corker and Susan Collins say they need to read the bill before deciding whether or not to vote for it. Republican leaders say they hope to vote on that bill next week. Peter doocy live on capitol hill. Peter, good morning. How far away is senator rubio from supporting this . Were told the final type of this bill moved in senator rubios direction with the Child T
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