Now from a Panel Discussion on retirement economics. Researchers presented their work during the 19th annual meeting of the Retirement Research consortium posted by Boston College in washington d. C. This Panel Discussion is 90 minutes. [inaudible conversations] [inaudible conversations] thank you. So the sixth panel is a topic would Social Security changes prompt people to change their plans in the first paper is a behavioral or consumption of Social Security changes. Melissa and our advisers will be the discussants. Thank you. Thank you all for having me. Again Social Security thank you for funding this research and all of you for listening to the speech twice but i want to thank my coauthor who worked on the paper with me and i also want to thank allen and constantine who have been allowing us to use their model and i want to thank them for that. This is really about how changes in Social Security affect two things behavior and consumption. A variety of changes. Something has to be
Numbers. Abigail looking at mixed trading for the major averages headed into the close, down ever so slightly, held back by energy. We do have the nasdaq trading modestly higher, helped by Technology Strength and carving out new record highs on the day. Not a lot of conviction, but one thing that all three major averages have in common is apple, the biggest point used for each of the major averages. Today, great fun fact, this is the precise tenure in 10 Year Anniversary of the introduction of the iphone. It was generally ninth, 2007 when steve jobs said, when he unveiled the iphone that today apple is going to reinvent the phone. I have to believe that he knew he was leading the way for the smart phone. On the bloomberg we have a look tothe great chart here, 20 44 here, going back 10 years. Tohave total revenue back 2007. You cant even see it from your view. Iphone atwe saw the more than 50 of total revenue. But it has been at huge blockbuster for apple, changing the path of technolog
Of toyota. And janet yellen expected to speak any moment at the Stanford Institute for research, we will take a preview get a look of a preview. Janet yellen giving her second speech in two days. She is speaking at stanford. Her topic, Economic Outlooks and the conduct of Monetary Policy. When she spoke yesterday, she caught the markets ear when she aid she sees a few rate hikes year through 2019. The same day that Consumer Prices came out there we talked about this 24 hours ago. They came out on the strong side. Kathleen she talked about reaching goals on employment and inflation moving towards its goal, around 2 . But not there yet, talking about how there are signs of the labor market, things not moving quickly. We will see what she says today. She could review yesterdays remarks, and will questions and answers from the audience, if there is a section like that, will they throw in more . And donald trump, a regime change or status of many things that changer so many things that coul
Belgium has sealed an agreement with the netherlands and france to draw up passenger lists and introduce passport checks on International Rail services. The move will tighten security on the trains and help track criminalses who might be using them. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet u. S. Stocks slipping from record highs but they still notch gains. U. S. Stocks slipping from highs that were made this week. But they still notch gained for gains for the week. Joe the question is, whatd you miss . . Scarlet at a joint press Conference Today with the british Prime Minister, trump stressed americas special relationship with the united kingdom. On the same day i held an hourlong phone call with the president of mexico that follows the mexican leaders decision to cansal meeting over trumps plans for a border wall. Plus, President Trump says he still has not made any decisions regarding russian
Resign following his firing of the finance minister without Consulting Party leaders. Nejra ive got the imap on the stoxx 600. You can see the stoxx 600 has taken a bit of a turn to the downside. Fallingustry groups than gaining, and intels providing the biggest lag, down 1. 2 allah by consumer discretionary. On the upside, materials were gaining earlier, but they are pretty much unchanged now. We are seeing quite a lot of red across the wheel, even Energy Stocks are down. 4 . This comes after three quarters of gains for the stoxx 600 but it looks like we are heading into negative territory on the first trading day. I want to look at sterling. Butre seeing some weakness, we keep talking about shorts building up in the sterling trade. Totalhows a percentage of speculative positions and it shows the markets bearish tilt has been more extreme in the past. Is courtesy of one of our first word strategist. Here, i want to take a look at the german yield curve because if you want to know how