this is private sector dbs and public sector dbs. what about people that receive ira income in two years? what that show system that this 101 to 105 may be a good way to identify government people getting -- government dbs, but it turns out people have control over their accounts and have accounts and take regular payments sometime like getting the same amount each year. what we can say is about 1/3 of pension annuity income and about 1/3 of the retirement annuity income we're observing in t plus 3 is coming from this source. another way to look at it is to look at some aggregate data. this is from research we're in the process of writing up, analysis we've done using cross section data. this is 2010 data. -- nearly $400 billion of that are transfers from one account to another. and that leaves about a little over $800 billion in net distributions. so the question is can we identify what percentage of that 827 is coming from private sector pensions or at least put a bound on it? so one way to do it is first start by looking at gross

private sector db plans, governmental and governmental db plans. what's in the other 15%? we don't know. if we did, we would tell you. what we can tell by looking at other data is that a substantial portion of this will be actually distributions from non-qualified annuities. these are reported on the same line. now, we can take some of the transfers out of specific items over there. roth conversions will generally come out of i.r.a.s. rollovers from pensions, but we don't know what type of pension. and we can get to these numbers. almost done here. what's the bottom line? so, we want to know what of that 827 could be coming from traditional db plans. we start with 170 out of private sector db plans. we can't use that full number because about $54 billion is coming from cash balance plans. which are often called hybrid plans. so only about $116 billion is coming from more traditional defined benefit plans. if all that income was taken out and none of it was lump-sum distribution, rolled through an i.r.a., we would get about 14% net distributions measuring in 2010 coming fro

security and safety of millions of people that live, work and move through the region. , well, the db rmpkmp did not give prior the eight-bomb and which was felt in neighboring countries. mr. president, my delegation wishes to underscore that this set of targeted measures taken uite rightly to respond to the missile challenge must be pursued globally and efforts must be accompanied to engage in dialogue and the denuclear isation of the korean peninsula and we need to leaped support to at region and i reiterate my country's peaceful negotiation of this region and we continue to work to ensure that people go back to the negotiate table so it is denuke arized and countries and people of the region. very fortunately indeed and this is the asset of this resolution, 28, 29 and 30 of the resolution pave the way for a commendable political solution. and rise to the challenge of implementing this resolution. this was stated in consultation by representatives of italy as the chair of the 1718 sanctions committee, implementation is yet -- at -- needs to be desired. thank you. >> i thank the pres

same is true of the fact that the db arcade made repeated requests to the unsc to discuss the serious threat to the international peace and security posed by the aggressive and provocative u.s. south korea large scale joint military exercises, but these requests were never put on the unsc agenda, rather turned down every time. the u.n. charter stipulates that the members of the united nations except and carry out the decisions of the security council. "resolutions" on the dprk adopted at the security council are truly lawful and fair, there will be no need that all u.s. ambassadors abroad and even the president and the state secretary turnout to coerce other countries into "resolutions."e furthermore, there will be no bring itshe u.s. to stooges like south korea and japan into this. the u.n. member states should not yield in to pressure of an individual big power in dealing but the unsc resolutions make an independent judgment on a lawfulness, impartiality and morality of the resolutions and contribute to promoting reform of the unsc by further raising their voices against high handed

a db named ashley shared her story as she has before. of substance use disorder. she talked about the fact that she lost her husband to an overdose and then eventually, through new hampshire's drug core program and medicaid expansion, got treatment. ashley is in recovery. she gets her insurance now through her private employer. so she asked my colleague from south carolina, how to respond to the fact that without medicaid medica medicaid expansion, she wouldn't have had access treatment that's helped her get well. my colleague acknowledged substance abuse disorder is a disease. he then said it's not medicaid expansion that saved you. i think that reflects a lack of o understanding not only of the opiod crisis and coverage, but i also think it reflects a disconnect here between the trump care efforts and the real goal of providing lowers and better health care for the american people. ashley knows that without insurance, you can't access treem. when people tell constituents they don't understand their own health care journey, it demeans the journey and the constitu

. >> we know i seen a guy trying to get db on a stretcher and then taking away. >> police say there's no word on motive behind the shooting. anyone with information should call howard county police. >>> time 4:34 and more fallout charlottesville clashes. city council members are set to discuss the removal of two confederate statutes. it's the first meeting since emotional crowd khas advertised city leaders from preventing the nationalist rally which resulted in three death. >> first take of school for people in maryland. and people in northern virginia, mike, how should they dress when they debt out. >> they he dress comfortable today. i don't know what's allowed in school these days. shorts and tee shirts for this afternoon one final day of summer feel. look off north and west up to pennsylvania and eventually make it down to our region. one or two could be on the strong side later this afternoon. through the morning hours for morning commute they will be dry and i fine and sunny, bright and rather warm with temperatures expect inside middle 80s today. 7 reagan national warmer start

storm or system that is of this magnitude state and local officials are warning those that evacuated db did not evacuate to be extremely carb whus a deadly storm surge is predicted to hit. >> this is a life-threatening situation. in south west florida the storm surge comes after the strongest winds. >> more than 6.5 floridians ordered to leave homes and many are staying to ride out the hurricane others unable to leave are headed to already over crowded shelters. doing their best to as the storm passes through. >> we're stupid and we should have come to the shelters a day or two ago. >> i'm here as well displaced as well i'm here with you. >> after it hits irma will likely move inland over the florida pan handle and southwest georgia monday. lauren blanchard, fox news. >> 7:02 we're getting a look at stoming damage hurricane irma left in their wake. residents are cleaning mud out of their homes after three feet of water came into their homes the streets are covered with sea we'd as that water begins to clear. >> another sunday morning another hurricane making land fall. not yet but withi

a couple of months ago we had questions about the ole db cover -- the news is so good i expect somethingng. almost $250 billion managed the way an asset manager manages money. could something potentially go wrong with that cash pile? michael: i hope not. i expect -- i was just reading for a came onset, wireless -- we have abe couple of things that could be with the supply chain. right now, it looks like not. rumors about two months ago but not now. if that occurs -- vonnie: problems anyway that are fixable. michael: i distinguish myself between the apple investor and the user. if i can wait another month or two for the x or the 10 i'm happy to do so. mark: when you've got this super duper model on its podium, whatever it costs whether it is $1000 or more, to what extent does it cannibalize potential buying of the other models? 7's?ew numeral eights and michael: a lot of us, including myself have delayed purchasing new iphone for a year or two as a result of knowing that we will have -- it is a revolutionary product so it will cannibalize some but i think it is going to create new incenti

don't know if that is-db what that essentially entails. there are 4 million people. probably more than that across the florida peninsula without power. now i want to show you this google earth. for this region when the winds gust to about 40 miles an hour or above, they shut down the sky bridge. here is the sky bridge. this is a crucial artery for people trying to get down that west coast of florida. this is the back edge of it bay, which will continue to rise. moves in more from the west. they will be gusty. kwlaer clear water in past hours or so, gusting near 75 miles an hour. want to show you just kind of the overall view. we had anticipated that irma would move generally speaking around i-75. but it looked to me in the last few images that it is taking more of a jog to the west and northwest. we will continue to keep an eye out on that for you. so much to cover from stem to stern in nl florida. keep it here on cnn. >> karen, if it took a west coast turn, could it pick up more warm water or is that not a possibility? >> i think there is so much dry air in the syst

it covers cancer to db diabetes obesity.t people for having a medical condition but they could ask for more flexibility and allow insurers to charge more based on peoples' medical condition. what republicans would say in response to that is that states would have to provide some kind of assurance that everybody would get affordable and adequate coverage, but, of course, that is problematic because it leaves a lot open to interpretation and that's the reason jimmy kimmel has struck a nerve with everybody because he has done a good job of explaining the way people could understand that somebody in the position of his son with a heart condition, what this bill could do to his family. >> i'm sorry he does not understand. under the bill more people would have coverage and we protect those with pre-existing conditions. >> i get it. i don't understand because i'm a talk show host, right? help me out. what do i not understand? the part you cut $230 billion from the state assistance. maybe i don't understand the bill in which federal

apparently in a group text to the other db's said peace.me reports that this divided the locker room a little bit. the team mates i talked to don't agree with that, shay support su'a cravens and hope he's ok when he gets back. >> i'm praying for him h hoping he gets to a space mentally and physically that he desires to be at. at the end of the day, football is a game. it's a highly competitive game but at game. you should always put your life first. >> i love su'a, that's like my little brother, and you know, i su sometimes stuff, you know, guys got stuff going on outside of here. that's your choice, can't nobody tll you what's right and wrong, but like i said i'm focused on philly. >> focus on philly is what the team did today. working toward their game won match-up with the nfc division rivals. they won five straight games but the last two times he played the eagles, kirk cousins anthony interception. but there's excitement about the first game. more so when you're taking on a divisional faux because this team knows how important those ga

huntsman: specific to db car -- specific to dprk. this falls into the side of the balance sheet that represents the issues where we have some overlapping and common interests. i think we should always take the time to explore where we have overlapping and common interests. i think one is dprk. we take different approaches, and we have different attitudes about denuclearize and the korean peninsula. i think ultimately we want greater safety in that region. countries share concerns about proliferation. that brings us together with russia for purposes of addressing dprk. i think the last round of expression ofan the united nations security with theoming together most aggressive approach to north korea in history. that included russia and it included china. it is targeting areas of north korea's economy that are most lucrative for them and if the sanctions are implemented, that will be part of our work once we are on the ground, it will take a toll on things like trade and textiles, which is maybe a $800 million category 4 north korea. t

been talking all throughout the newscast, don, there is a lot of projectiles, particularly here to my-db behind me, to my right. where there is an entire construction site. we have two cranes and tons of supplies. what one person told me, even a nail that isn't tied down at a construction site can turn into a bullet. and with these wind gusts, you never know, a home or person, and according to this hour, a lot of people inside safely, probably hopefully getting some sleep. because it's not twoing to stop for a another few hours. >> very wise person concerning me all day watching you guys stand out there. thank you, bren, appreciate it. >>> daytona beach, sarah, you're on the east coast. on the east coast of florida. what are are you dealing with? >> let me just tell you don that basically what is happening and we apologize and lights going on and off and a lot of rain and wind effecting our equipment as it is effecting this whole entire street. this is a1a. we are on the back side of a huge hiurricane grate. this actually is about 60 to 70 miles an hour. that's the heaviest we've seen ov

. >> you also got to imagine that there is, beneath the iceberg, are e-mail core responses db text messagesthat's the thing i wonder about. there's presumably text messages and e-mails from his son to his father who he was working for. is that the kind of thing that grand juries can get their hands on? >> absolutely. they're going to get all of that stuff. that is not going to be helpful to either one of them. >> i keep telling myself we've seen a small blip of them. there's e-mail traffic when he's serving as his father's chief of staff that says a lot. nick ackerman, always good to have you. >>> bloop bloomberg reporting that the mueller probe -- this surprised me, i have to say -- has a red hot focus on russia's efforts to influence american voters through social media. we've been learning more about those efforts over the past week since facebook announced that a likely russian operation spent $100,000 over divisive issue ads over the course of the 2016 campaign. it's already meeting from frustration with lawmakers claiming they're being tone walled. adam schiff is one of those lawmaker

then the dbs, swarming in the air. this is a lot different than we've seen over the last couple of years, spent time, money, they spent some picks on the defense. it's showing improvement, two weeks into the season. >> pittsburgh is not there conferencively just yet. ben had a decent saturday. didn't play well against cleveland. but in a couple of week when is they meet, baltimore and pittsburgh, right back at square one again. and i know, coach, you love these games. that's what the two teams bring to the table. one thing i'll say, working with ray lewis inside the nfl on show time, he said that this defense was going to be awesome. and so far so good out of the gates. basically, salted both teams. >> all working together for the ravens, when you watch their team. joe flacco, not playing the whole pre-season. no practice. he's getting grooved in there, doing his thing. they're running the ball well enough. offensive line is solid. but nate, you said it, the pass coverage is allowing the defensive front to could what i

you go from sight db -- going from sig from sig fr from sight to site.hank you i appreciate your time. >> thank you for caring. >> you bet. and now straight to some tape that we just got in. president trump here meeting with some of the first responders and some of the those on the ground that are helping. let's listen. >>> so as we've been doing we are getting in tape and live pictures throughout the afternoon and we wh we can we like to listen to the conversations. we heard a little bit of last -- laughter and the president thanking those in lake charles, louisiana and moments ago and this is the second big stop for the president on this afternoon. 4:46 local time. associated press reporter has been with the president and she joins us by phone right now. and darlene maybe you were able to listen to the president as he was meeting here inside of the armory but how has the little visit been going there. >> reporter: well it is over now and we're on our way back to the airport. for a flight back to washington, d.c. but the president wanted to come here to

au can see the dbs adjusted, solid climber.t see that kind of trajectory, often, over the course of a five-year term. if we jump in and look at the year-over-year growth, this is where the picture becomes more muddled. butbottom line is growing, the year-over-year changes put it, abigail, the kinds of concerns about this industry, overall, which is what happens with traditional cigarettes, who is competing in vape space. stack upw does altria against its rivals? the rvri am looking at function, relative to value, and it is in the top percentile in terms of cash that covers dividends as well as their operating margin. that is going to go a long wait for investors. scarlet: oliver, thank you. julia: breaking news. german industrial group siemens and all stone confirm they are in a packed to merge their rail units. alstom confirming that they plan to merge in their rail units. let's take a look and the major indexes. a little changer your. the dow, creeping lower and the nasdaq recovering a little bit, up one half of 1%. this is b

ahmed maher put to go along with this it's even worse than that db are paying militias now. to stop trafficking people across the debt military and see. now date do it and day traffic not clinics this is the right idea to to to to protect us and donon't think so. what we are seeing in these days that that there are a lot of short? termism implementing measures are a which are taken n now whichi destroying that that on. the long term about of solutions we meet. giving arms to the army of chuck. means that they gonna keep their way there the refugees now but the gun not to produce more refugees gonna happen definitely. and you can see there are a lot of dirty deals with dictators in these days you can see it in egypt or and especially in turkey. which is a very very bad idea and should stop being blackmailed by the his high styria of of of the of and then feed off of those people. who just are driving the the struck think economc hardship? how on earth are you going to address those problems at source? it is a very very long term process but if you don't stop it then the year

you are confident your dbs checks were good enough?udited many times by tfl and always passed unknown request to do anything different have been made of so this is an area we need to understand better. my understanding is last week's announcement should not have come out of the blue to uber. there had been contacts between tfl and the company. i also understand tfl's concerns about uber are not yet in the public domain and could emerge during the legal appeals process. the mayor has told tfl officials to meet with the company. i welcome the apology from the global ceo of uber today. acting with humility and recognising the issues raised by tfl, i wish uber uk had been less aggressive and more humble. what i have said to tfl staff, they should make themselves available for the global ceo who appears to understand some of the concerns raised by tfl. this is a long way from being over and the appeals process could take months. in the meantime uber can continue to operate. prince harry and his actor girlfriend meghan markle have arrived to

. >> because take a look at facebook db. >> you're on. >> facebook is about to break out yet again, itown, of course, and had that 6% drop that we talked about. they are scrambling in for the next friday, the weekly calls, at the 170 strike. i started buying them at 170 this morning, they've traded north of i think 220 or 230, this is $2.20, to control $170 stock. that's leverage, that's why they're in there they're going to be in there just for five days i've not taken any off, i plan on hold, for about two or three more days into next week >> okay pete, what do you have an update for us on win? >> win update. now this is a name that since july, judge, we've had nine algorithm hits that have been bullish. that might be helping the stock out as well today. we have the october 1:45 calls trading just the other day buying those for $2.50, now those are trading $6.50, this is a stock i continue to believe in, continue to think it goes higher i own the stock as well as the calls, i continue to hold on to this because i see nothing but great news in front of win still with mccow numbers, wh

the agency said three foreign banks operating on the mainland, including hang seng china and dbs chinauld be unlikely to survive, should china default. they reflect concern china can strike a balance between maintaining growth and cleaning up its finances. the european central bank and other e.u. authorities are stepping in to provide a alternatives -- alternatives. the ecb will publish a new overnight rate for unsecured lending. within a three years, it would complement, not replace, the current. they are not looking for alternatives to missing benchmarks after the u.k.'s scandal. puerto rico is cleaning up from the worst storm in a century after hurricane maria left of the whole island without power. maria followed hurricane irma and left to the bankrupt u.s. tort -- territory facing billions in costs. said hisnor of barbuda island is uninhabited for the first time in 300 years. irma and maria have left the entire population homeless. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. ♪

stocks bank, tech, semi, energy stocks are also starting to rally they started rallying in the early db ju-- just after the ra. it's been an awful couple of weeks for the banks as bond yields being down have really hurt them. today, the yields are back up. most of the bank stocks are up 2% new high, not that many on the dow end of things. there's about 200 on the nyst. procter & gamble, mcdonald's i mentioned energy stocks started rallying just after the open there was talk from the saudi oil minister saying he's had some discussions with his peers that production stockings. finally, the s&p 500 didn't drop that much all during last week when we were concerned about the effects of irma. but on the day when the impact of irma hasn't been as big as expected, the markets rallied huge today that's another sign of the overall resilience of this market that does not want to go down. >> let's get more on today's market rally the portfolio manager with alliance global investors. the managing director and partner with ibm financial group at hightower burn, bob mentioned something very important,

. >> amongooo -- mongo db ranked the disrupt he were 50 list of the innovative companies that are changinge cited as competitors it is looking to disrupt. while we're on this topic, a new silicon valley stock exchange is looking to disrupt the way firms publicly list their shares it's minimizing pressure on public companies from high frequency traders and activist investors. joining us right now to talk about it is the founder and ceo of the long-term stock exchange. this is a fascinating and provocative new way to try to fix a lot of what we've been talking about needs fixing these days, eric this would be a completely new -- this would be a completely new exchange. explain what the four big ideas that are that make it so different? >> we still integrate are the national market system we provide complete liquidity to companies. this is part of the listing standard first, what we call long-term voting, so that long-term shareholders have more say in corporate governance that short-term executive compensation reforms >> before you go on, let's -- let's stick on that one first. my understand

because before that, when federal governments db the federal government would give money to the high afterthought of physical activity. so a woman never got an athletic scholarship until after that. and before that, it was classroom quotas, doctor at harvard for instance, 5% before 1972. >> wow. >> and that's why there were no women doctors and lawyers. and now there's more women in medical school and law school than men. now everyone needs to understand that. it's only 37 words. everybody can handle to read this. i know they want to read only about three words of it -- focus a little bit longer. >> you can do this. you can do this. >> what was the relationship like in real life with you and bobby rigs? it seems like you were jovial and had fun together? were you friends. >> no -- but i love history. i knew all about it. i knew he had been deprived during his prime. he won the triple crown which is singles, doubles, and mixed at wimbledon, and the second world war came. he never got the attention that he craved. here's his moment where he is just can't get enough. and i understood th