wouldn t a level playing field as you said from your testimony, we have concerns about things like there is a some data retention obligations and we think you could do it differently. there is a best interest contract framework and we ve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. we have a point of sale disclosure requirement and people have said that that is not necessary. and so what we ve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. how do we retain that north star of enforceable best interest contract and still get it done and that is the feedback we ve been getting and it has been helpful. and you ve incorporated it. we haven t made final decisions yesterday. we won t put out a rule until we ve gotten all of the comments. i m confident if history is a guide the final rule will be materially different than and better than the propo
blogger undeniably some bad apples, this is not a case about bad people doing bad things. the majority of folks and no-space are trying to do the right thing every day. enough of the problem is good people operating within a structurally flawed system. a market that sees personal financial interest of the advisor in the firm all too frequently missed the links in the best interest of the country. the result is what we saw happen. our goal is straightforward to align the best interest of the customer what does that the advisor in the firm. the proposed rule in the product of a significant amount of average to stakeholders. i appreciate support from so many in the industry. people are trying moynihan, ceo of bank of america is bank of america is it doing what is in the best interest for customers is absolutely the right thing to do. founder of vanguard very strong supporter will hear from the witness sure they have played in this space every day as a fiduciary work in the small
all that would have otherwise gone toward retirement in addition to any pension plan they had but isn t available any more. we know that workers are not saving enough for their retirement. we know, as you ve outlined, there has been a real shift from defined benefit to defined contribution plans. and that shift puts more responsibilities on workers shoulders to manage risks and to manage the decisions. oftentimes without having investment expertise. you ve actually covered a lot of trt that i hope to cover territory that i hope to cover in my questions with you. in particular, about how workers with smaller accounts, those who arguably need the retirement protection the most, will have access to high quality and affordable advice. so i m going to move to something a little bit more specific given some of the proud traditions in my home state of wisconsin. we actually have a history of cooperatives and mutual ownership companies. so companies that are owned northwest mu
regulations. we have a look at an industry burned just as bad as coal. the shocking sector that saw business slashed in half and the somewhat complicated road ahead for untangling the red tape. a cold relationship growing warmer just as another involving a closer ally freezes up. we re talking to two men on the front lines of key negotiations with both russia and mexico under president s clinton, bush and obama, as president trump looks to turn policies of the past on their heads. and snap, inc., a $20 billion price tag and buzz abounds for what could be the biggest ipo in five years can. this unicorn take off like facebook or will it go the way of twitter, who despite the love of president trump can t get business model to fly. social media guru pete schneider makes the call on whether you should snap to attention and buy the snap ipo. plus a possible new schism brewing at the white house over border adjustment tax between what president trump is saying and one of his to
has been a very exciting day here. the moment that evan spiegel stepped on the floor there he is walking across they have wall-to-wall coverage of the latest tech darling. he was wrapping up the speech. calling for a great rebuilding of the united states military in the u.s. navy. one of the largest defense spending increases in history and eliminating the sequester. those cuts in spending. the former navy captain. provides a situation report on the commander in chief and the call on that. while the president is focusing on national security his attorney general of attorney general of course is focusing on job security after his meeting with the russian ambassador found new legs and new attention. blake is live at the white house. there is some breaking news on the story. developments in the jeff sessions met with the ambassador of rusher that s been unveiled here today. plus the push for obama care is on. into the changes are on. they re not shouting yahoo no way. and charli