Page 13 - 401ks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> i spoke to a retired couple. their lawn service went from $229 to $430. why do you want to punish large corporations. you saw this week when the corporations missed their earnings. what happens? they got punished. these are the same companies that have major investments with teachers funds, retirement funds, 401ks. the last time this happened we saw a massive exodus of jobs offshore so they could compete globally. now we are talking about raising those taxes again so instead of onshoring, we see those same

>> bill: thank you, alexis. >> dana: the stock market has opened after the dow's worse day in two years. the index closing down 3.6%. let's bring in maria bartiromo. i understand from you if you look for call for number one down 13.1% from january 1 for the dow. all those trend lines are not good. and how does this affect everyday americans who maybe they have a little bit of money in the stock market, 401k but the gas prices, the food prices, is starting to get very real for people out there. >> it really is, dana. good morning. nobody wants to see numbers like this and so there is an impact ...

>> 401ks but that's capital. companies have capital for investment. as you can see when inflation hits it strips you of your capital and both companies lose and why the stock market was down and individuals lose, even though everybody is getting higher wages it's up over 5%. if inflation is up even higher you are under water. so both -- it is funny. you have the left wing politicians, aoc and bernie sanders and the others saying we care for the individuals, not for corporations. corporations and individuals share this interest against inflation. and the policies that are coming from washington...

First of all, it has a very negative effect on the economy. it swamps wage gains. if you have got 7% inflation and a 5% wage gain, you are under water. it's raising interest rates like mortgage rates. and inflation is obvious. every time you put your hand in your pocket to buy something, you know you got inflation. but it's a political angle to this. the inflation rate has raised interest rates and that's taken the stock market way down. now, i raise the issue of the stock market because 100 million americans have a peace of wreath usually through their 401(k)s. that's their retirement money. ...

Credit card debt, that all goes up. >> markets could see a stock sell-off as they did today so people's 401ks could drop temporary. another possible concern, possible cyber attacks if putin retaliates the colonial pipeline in the last year show hackers can easily disrupt america's economy. just 21 attack on one company caused a price spike, panic buying set in. many east coast gas stations ran out. >> americans will feel that very imminently. it will affect their access to power to water. it will affect their emergency services. that's a very big escalation if the russian choose to do it. peop...