but db income, i mean, kevin moore also mentioned that it was surprising. if you had any idea why ss to underreported given it's a steady source of income. >> so, we've looked into this in terms of checking if these db withdrawals are one time and they seem to be steady payments. as you say. so it's a bit of a puzzle. we've tried to explain in terms of demographic groups and we don't find much there. i think standard reporting, fatigue, when questions get asked, people may be ready to end the interview. also some notions about what is income may -- people may view this as sort of i earned this during my working life, so they're just not viewing it the way we would, as income. that's another potential issue. then lastly, i know that fr some other surveys, there's this finding that people tend to report income better when they turn around and spend that income. so for example, if you just get a distribution and it goes into your savings account it could be db or dc. where you have a required minimum distribution. it just goes from one account to another. you

the first discussant will be kevin moore of the federal reserve board. our second discussant will be bruce meyer. a visiting scholar here at aie. thank you both for coming today. following discussants' comments, we'll allow for brief interchange between participants and turn to your questions. at this point, i'd like to begin with our presentations. pete, we have between 20 and 25 minutes, then we'll go to josh. thank you very much. >> thank you, andrew, and thank you all for showing up today. as andrew already mentioned, this is a joint work and my co-author is actually sitting in the front row. this paper is a product of the soi joint statistical research program. our paper examines two questions. first, are workers able to maintain their standard of living after they claim social security benefits. to answer that question, we're going to look at changes in spendable income around the time they claim. secondly, where do retirees get their income from after they claim social security. and to answer that question we're going to look at the incidents and

that headline crossed that kevin moore was one of the folks president trump was interviewing to be fedhair, he viewed him as more hawkish. considerable choppiness over the session, with the dollar ending little changed. if you look at the dollar over the past month, you will see that uptick we have been talking about. may a change in direction that could beat potentially worse. the dollar index positive for only the first month since february, second time this year, that on a monthly basis, the dollar has been higher. joe: on commodities, let's look at oil and gold. not a ton of action there. oil ending the day flat with west texas intermediate crude at $51.55 cents a barrel. scarlet: let's take a quick look at the bigger picture, the s&p 500 finishing the quarter with a 4% gain. about nine sectors within the s&p 500 rose. staples declined. when you look at treasuries, the 10 year yield, you can see it is that 2.34%. at 1%, it was just a hair above 2%. point, it was just a hair above 2%. dollar index up by more than 2.5%. oil, up. the massive hurricanes send prices falling, now well be

there is a report that kevin moore, former fed governor, is meeting with president trump about the possibleeral reserve. has been talked about wildly as one of the candidates considered to succeed janet yellen, if she is not renominated. warshs now are that kevin is meeting with the president about this position. joined -- i'm sorry, here is more. these are the six people most often talked about as possible candidates to succeed janet yellen as chair of the fed. we are now joined by marty schenker, our chief content officer. you know kevin warsh, what do you have to say? >> the most interesting part about this is it clear donald trump has begun the process of vetting these candidates. previous to this, there was no indication that he had begun to focus on what he would do about the fed chair. now, obviously, he is starting the process. is true, iting this may well be that the president meets with all six of those people, and others. and don't forget, he has not taken janet yellen's reappointment off the table. he said specifically she is still being considered. gary cohn was out of favor in

progressive, or do they try to move to the center to become more centrist against senator presumed moore? kevinw on the right we will see on the left. there is a fight for the soul of the democratic party. this is a party without a leader. likenk people to watch our ,ormer vice president joe biden and senator elizabeth warren. what i have noticed, the launch of hillary clinton's book tour has been a concerted effort to isolate bernie sanders of vermont. tom: thank you. howard ward is going to tell me he doesn't care about politics, all he cares about is moving the ic pack up the ice for the rangers. -- courageurt in the to be in the equity markets. how much cast you have right now in the portfolio. ward: very little, tom. tom: explain how you can do that every day. what is the behavioral construct -- how can he be 96% in this market? mr. ward: just the history of understanding the futility of market timing goes a long way towards that your having said that, we have had a tremendous move in the stock market coming -- 2009000 and nine bottom. we have to respect that, we have ,o respect the durati

moore, bbc news. let's talk to kevin courtney, the joint general secretary of the national education union. if we lookis, what the government promising? that isn't much of a promise. liz truss has sent a letter to the reviewing body saying there could be more flexibility, but no indication of whether it will be funded from the current budgets. teachers like other public sector workers are in the same position. you would accept it feels like this for a lot of people in the public and private sector. the interesting thing about the letter is that liz truss is specifically saying that if there are school shortages, we might allow more flexibility there. the pay review bodies have said there are school shortages. where are the shortages? the schoolteachers pay review body last summer against the blu ntest review body last summer against the bluntest warning you could imagine. they said that teacher pay, the comparability with other graduate positions has got worse and that pay was worse for beginner and more experienced teachers. they went on to say that the problem with teacher recruitment and retention

moore get this black eye and the "bad moms. >>> now, s foreptember 1st, 2017, this is "entertainment tonight." >> thanks so much for joining us. kevin will join us in a moment from houston. first, to george clooney and matt damon. they're at the venice film festival. carly steel is with george in his first interview since becoming a dad. >> we're here in venice and we just spoke with george about being in the new dad's club. >> honestly, i didn't think i would be married with two kids. >> fatherhood has done little to dampen george's sense of humor. >> he's a thug already. you saw him. literally, just sits there like this. >> he looks like he could bounce right now. >> checking i.d.s on the way into the nursery. she's very elegant. she's all eyes and looks like amal. >> as for the origins of the names? >> we didn't want to have dumb names. >> arriving in venice george and amal caring the twins. >> and amal's fashion on point. and then it was a wedding weekend deja vu on the canal. they even thhad e same taxi driver. >> how has fatherhood changed you? >> made me older. >> you said before that george will be a mess, but amal will hand

moore backed by steve bannon. >>> top republican tax writer in the house congressman kevin brady a guest on morning joe. >>> talkingxecutive order that would allow people to purchase health insurance across state lines. speaking at the white house, president said his order would apply to millions of people and could be signed by next week. while the president did not elaborate political reports most insurance experts find it hard to imagine how an executive order could sur plant existing state regulations and believe a move would likely spark a legal challenge. >>> new national poll shows majority of voters hold doubts about president trump's ability to serve in office. whether trump is fit to serve as president, majority 56% say no. 42% say he is. this as his job approval improved modestly from august, 36% approved, 57% disapproved. six in ten americans disapprove on job performance on other issues. 38 approving on foreign policy and immigration. 34% approving on environment and health care. >>> republican party is stimcomistimcome stimcoming -- still coming to grips. still coming -- still coming to grips. by alli

moore beats luther strange last night. what is the fallout for president trump as well as mcmcconnell and the gop establishment? we get into all that. vin, meet . kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. >>> you're going to see state after state people who follow the model of judge moore. >> lindsey graham said if moore wins we're all in trouble. you bet they are. >> it is hard to comprehend. >> it is absolutely ridiculous had people are suffering and dying to talk about something that is irrelevant. >> i wasn't preoccupied with the nfl. >> the president committed full resources to help the governor rebuild puerto rico. >> he doesn't grasp the severity of the crisis. this is catastrophic. >> this is "new day" with chris como and alyson camerota. >> good morning. welcome to your "new day". up first, voters in alabama rebuking president trump. the state's controversial chief justice roy moore winning convincingly, pattying luther strange who had the backing of the president and mitch mcconnell. it was by a big margi

joining us now to discuss, kevin madden, a cnn political commentator and former adviser to mitt romney. eric beech is co-chair of a pro-trump pac that supported roy moore. cnn political davicontributor, d chalian is here, as well as nia pleaka henderson. all right, david, you get to be the final judge on this. who's having a worse week right now? donald trump or mitch mcconnell? >> look, i think donald trump has an ability to sort of spin these to his advantage. and i think just by the fact that hae's deleting those tweets -- >> it's not going to change what he tweeted. >> it's not going to erase anybody's memory, but he has an ability to compartmentalize his losses and immediately turn to his next focus. and i think that's what he's going to try to do. but, you know, i think the establishment, what i think is going to be the big message out of this, which a lot of republicans are going to be sort of analyzing today, is just how much the d.c. baggage weighs down primary -- could way down folks in the primary. and if you think about the fact that luther strange was only in d.c. for eight months and was tagged at the d.c. establishment guy. >> his final

kevin brady good to talk with you. >> thank you. lou: we're coming right back with much more. stay with us. >> alabama voter rebuke the republican establishment, and vote for judge roy moore. >> certainly support president trump's agenda. and that yes, i am an outsider, not part of the establishment. lou: we take up the possible plus sun surge in populous surgn america. and a shocking new study reveals just how much illegal immigration is costing american tax payers every year, we'll have that outrageous number for you, and more ahead. you, and more ahead. sliberty mutual saved us almost eight hundred dollars when we switched our auto and home insurance. with liberty, we could afford a real babysitter instead of your brother. hey. oh. that's my robe. is it? you could save seven hundred eighty two dollars when liberty stands with you. liberty mutual insurance. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone 's list for free. which means everyone has access to our real reviews that we actually verify. and we can also verify that what goes down, [ splash, toilet flush ] doesn't always come back up. find a great plumber

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kevin brady good to talk with you. >> thank you. lou: we're coming right back with much more. stay with us. >> alabama voter rebuke the republican establishment, and vote for judge roy moore. >> certainly support president trump's agenda. and that yes, i am an outsider, not part of the establishment. lou: we take up the possible plus sun surge in populous surgn america. and a shocking new study reveals just how much illegal immigration is costing american tax payers every year, we'll have that outrageous number for you, and more ahead. stay with us, we'll be right back. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabet

kevin brady good to talk with you. >> thank you. lou: we're coming right back with much more. stay with us. >> alabama voter rebuke the republican establishment, and vote for judge roy moore. >> certainly support president trump's agenda. and that yes, i am an outsider, not part of the establishment. lou: we take up the possible plus sun surge in populous surgn america. and a shocking new study reveals just how much illegal immigration is costing american tax payers every year, we'll have that outrageous number for you, and more ahead. stay with and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma prob

kevin hugh bracken sandy waugh brad shaw ronald michael bright wiser. >> frank h. brennan. >> michael e. brennan. >> peter brennan. >> thomas moorery lee bright. >> jonathan eric bryly. >> mark a brisman. >> paul gary paul gary bristow >> and my mother francis hair rose. ed if we honor and remember the victims and families of 9/11. along with those that perished were fireman and first responders on that day there was no black, there was no white. for those fallen heroes, all lives mattered and now we witness the same heroism in those that sacrifice to help the victims of both hurricanes. there was no left, there was no right. for them, all lives matter. some ask why does got permit evil? we may never know, but through eyes of faith we can be certain that good can triumph over evil. for just as jesus said, whatever you do for the least of my brothers and sisters, you do for me. herein lies our unity, herein lies the hope of our nation. happy anniversary, mom, we miss you and we ask you to watch over will, your youngest grandchild who is enlisted in the military and will be reporting for duty next week. [ applause ] >> and my siste

moore. >> build that prototype details strucks begins construc. >> dallas cowboys their disappoint a knee fans still booed as protests continuing on monday night. >> joining me to talk about it fox business network diagonal diagonal, kevinl correspondent byron york is here thank you for joining us. >> good to be here. >> talking about a lot this morning from policy, and the -- new things coming up, to nfl. >> yes. >> yes, that means the thing about this obamacare failure where it is now being counted out i have to say when having trouble in the house, i spoke to a lot of members who said to me, you know the problem is republicans actually don't want to repeal obamacare, that is kind of the seminal problem, 20, 14 republicans in the house don't want to repeal. >> how come we heard for so long. >> campaigned on it just subsidies flowing did not want to take something away, instead of giving things out, so when the house voted on it, 20 republicans voted against it they passed it on number 217, so you take 20 house republicans equivalent of that is four, five senate republicans that is not enough to pass it. dagen: when john mccain came kout make made it clear he was not getting for graham-cassidy bill there was a collecti