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Bloomberg Surveillance

Bogle: savers are taking it on the nose

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 8 March 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

Bogle: savers are taking it on the nose

Transcript

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0:00.0

Global Business News

0:03.3

News 24 hours a day at Bloomberg.com, the radio plus mobile app and on your radio.

0:09.1

This is a Bloomberg Business Flash.

0:11.7

And I'm Karen Moscow.

0:13.0

U.S. Stock Index futures are signaling equities may halt their best winning streak in five months.

0:18.0

After worsening economic data from Asia,

0:20.0

reignited concern over the outlook for global growth.

0:23.0

We check the markets every 15 minutes throughout the trading day on Bloomberg.

0:26.7

S&P E-Many futures down 11 points, Dow E-emiti futures down 78 and Nasdac-E-M Futures down 26.

0:33.0

Dax and Germany's down 3 tenths per set.

0:35.8

Ten-year Treasury up 20-30 seconds.

0:37.7

The yield 1.83 percent.

0:39.2

Yield on the 2-year.

0:40.3

0.87 percent.

0:42.0

Nine-ex screwed oil, down down 6 tenth percent or 22 cents to

0:44.9

3768 a barrel. Comex gold is up 8 tenth percent or $10.30 cents to 1274

0:50.7

40 an ounce. The euro a dollar ten ten thirty-nine, the n-12.

0:54.5

And that's a Bloomberg business flash, Tom and Mike.

0:57.8

Karamazco, thank you very much. We're talking with Jack Paul Gold. He's of course the founder, retired CEO of the Vanguard Group and we're talking about investing for the average person out there.

1:10.0

I wanted to ask you, Jack, what do you think of the phenomenon of negative interest rates

1:15.9

and how they hit the average person. I note that Nikke, the Japanese newspaper reporting that all 11 Japanese asset managers who

1:28.0

are running money market funds are closing them because they can't make them work with negative interest rates.

...

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