Thinking about over the weekend . Next week, which is going to be just gigantic we have everything from ibm, we will bookcase ibm on monday and American Express on friday, both will be challenging and i think they could determine things. Carl, i have to tell you, 8 30 santelli comes on and gives you that housing start number, then diana talks about how there are not a lot of houses. I sit here and i think the fed has done a magnificent job, what can they do . They can take rates down to the point where, yes, maybe jpmorgan doesnt make as much money, bank of america certainly doesnt, but people are buying houses and thats whats been working in the stock market this week is the housing trade the lows, the home depot the deere small tractors, that stuff has been flying off the shelves and thats exciting. It was not, of course, the cloud, saas stocks and cybersecurity. Theres always a bull market somewhere. Right weve been taking note of all the upside reannouncements today. Today its daim
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha
And they believe they can do the same. Earn unlimited 1. 5 cash back on every purchase with the chase ink business unlimited card. Make more of whats yours. Morning. Thanks so much for joining us this morning. I am maria bartiromo. I hope you are having a good tuesday morning. It istude march 12, 8 00 a. M. On east hot topic of the hour former special counsel robert hur testifying in front of the House Judiciary Committee day reigniting questions about president ial biden pogs mental acuity in face of classified document scandal fox business Hillary Vaughn live on compile with more good morning. Good morning, maria. Well robert hur special counsel report under a microscope as republicans are hoping to dig up more details about the president s mental state and willful retention of classified information. His you know position on biden mental state is, obviously, front and center. We got a lot of questions which documentaries mishandled the focus of our questions. Hur resigned as special
Im andrew biggs. And todays session is titled what can irs data tell us about retirement income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about refirement incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about retirement incomes, the statistics that drive Government Policies regarding Social Security and retirement plans may in fact be wrong. We think we know what retirees incomes are, what their poverty rates are, how dependent they are on Social Security benefits and how much they receive from private retirement plans. Ki pu i can pull some of those statistics from my hid. The poverty rate. Those statistics that i know, based on the data currently ice used. Some of the statistics are
The American Enterprise institute in washington, d. C. They looked at irs and Social Security data to determine how Many Americans will be ready for retirement. This is two hours. Thank you very much for coming today. I think well get started. Welcome to all the American Enterprise institute. Im andrew biggs. And todays session is titled what can irs data tell us about retirement income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about refirement incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about retirement incomes, the statistics that drive Government Policies regarding Social Security and retirement plans may in fact be wrong. We think we know what retirees incomes are, what their