Real feel for supply and demand. And president trumps Jerusalem Decision continues to make waves. The United States uses it veto for the first time to block a u. N. Security resolution on the issue. For expansionary budget 2018 for saudi arabia. A boost in spending in almost 300 billion. 2. 7 , gdp to expand to after shrinking by. 5 in the last year. Here is how we covered the story. The chairman of the company, the minister of energy, the ceo and i thinkny, ideo we expect the the ipo will attract people. That tadawul is one option and we are also looking at many s, going through a lot of discussion and assessment. This is not a normal ipo, it is an ipo for the world. We want to make sure that we do not leave any stone unturned, to ensure we are doing what needs to be done to choose the right one. Yousef some additional revenue could be what is happening with what is going on with the governments anticorruption crackdown. Here is what he had to say about that. The attorney general made
Them. We are 19 minutes into the trading day in the u. S. Now julie has been watching the news right now. Stocks little changed at the moment. Part of that news has been economic data. It has been next to this morning. We had jobless claims. There is no clear direction in terms of the data being positive or negative. We are seeing stocks mixed as well. Overall, not seeing much change. I wanted to check on the bond market as well to see if theyre sending more direction there. We did hear from the Federal Reserve yesterday. We are seeing a mixed picture, yield rising, and the twoyear yield is down. Even in the treasury market there is not a clear direction. U. S. Dollar is seeing a more clear direction over the last couple of days. Fifth straight down day for the bloomberg dollar. Down another quarter of a percent today. What is interesting here is only as the dollar falls oil is falling as well. The two have been moving more commonly in tandem, which is a bit unusual. Oil prices tumbled
So, we are in a crisis chip. We dont have the social structure, we dont have lesch tomorrow Care Insurance, dont have the caring labor intact and people are coming into retirement with less money than their parents and grandparents. When you use the word crisis as youre using it i know this the crisis is more to institutions than people because i do think again im an optimist here i think well see the institutional change we need. Lets start with the 401 k plan. If you look at what really happened over the past 30 year the 401 k plan is 35 years old. Started in 1980. You had the boomers grew up in a period of time where we were slowly moving to a system where they were funding all of the risksall of the things were talking about are risks that presents themselves in old age around retirement issues. When youre not working. Let be specific. What do we mean by retirement . Not able to sell your Human Capital in the marketplace anymore. Thats what retirement means. Either because you choo
Right at the time of the great depression. Then when she wanted to go to work she was in her early 60s, nobody was hiring. She had to take early retirement, claim Social Security benefits early. I feel like for her then she found meaningful activities in which she can be engaged through her church but then the reality is so thats fine, Social Security is fine, as long as everything goes well. And the reality of it is when the car breaks down, then the kids have to pay. She doesnt have enough to buy a new car, to make major repairs. Any time theres something that requires a huge chunk of savings, she is not so well off. Shes okay because she has kids that are employed that help her out. But i feel like it is not the picture most retireds had. When i have retirement, thinking i am on the beach, not a beach person but doing things and financially independent and not having to call us when theres an emergency. I worry about the people that are set up in that kind of space where they might
We are looking at what this might mean for aggregate demand in a community when incomes of the biggest growing group falls. So and what it might mean for quality of communities. So i am seeing that most people really do care about doing meaningful activities when they retire. All of our friends have the choice to change jobs and change activities so they can control the pace and content of their day. But either youre looking for one of the bad jobs in america, with the worlds leader in the creation of jobs that pay under 20,000 per year, theyre looking for that or theyre looking for kinship networks to get income and welfare, and kinship networks dont work as it turns out, low income seniors often dont have the Adult Children that have an extra bedroom or anything more in their savings account. So people that have children that can help them out are usually people that are better off. So we are in a crisis chip. We dont have the social structure, we dont have longterm Care Insurance we