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| Products, Deals and People | |
| Rally Health’s newly launched Rally Connect platform enables employees to locate doctors and hospitals and better understand the quality and cost of the care they receive.Read more > | |
| Retirement Industry People Moves | |
| TD Ameritrade’s CEO to retire; a strategic alliance for PEI and Proteus; new hires at Delaware Investments.Read more > | |
| Economic Events | |
The Producer Price Index (PPI) for final demand decreased 0.4% in October, according to the Bureau of Labor Statistics. Final demand prices dropped 0.5% in September and were unchanged in August. In October, prices for final demand services fell 0.3% and final demand goods declined 0.4%. The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,320.3 billion, virtually unchanged from August, but down 2.8% from September 2014. Advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $447.3 billion, an increase of 0.1% from the previous month, and 1.7% above October 2014. Total sales for the August through October period were up 2.0% from the same period a year ago. THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the consumer price index (CPI) for October. Wednesday, the Census Bureau will report about housing starts in October, and Thursday, the Labor Department will issue its initial claims report. | |
| Market Mirror | |
Friday, the Dow lost 202.83 points (1.16%) to finish at 17,245.24, the NASDAQ fell 77.20 points (1.54%) to 4,927.88, and the S&P 500 closed 22.93 points (1.12%) lower at 2,023.04. The Russell 2000 was down 8.26 points (0.72%) at 1,146.54, and the Wilshire 5000 decreased 224.73 points (1.06%) to 21,043.66. On the NYSE, 3.2 billion shares changed hands, with 1.6 declining issues for every advancing issue. On the NASDAQ, 2.7 billion shares traded with a 1.7 to 1 ratio of decliners to advancers. The yield of the 10-year Treasury note was 2.268%. The yield of the 30-year Treasury bond was 3.054%. WEEK’S WORTH: For the week ending November 13, the Dow decreased 3.71%, the NASDAQ lost 4.26%, and the S&P 500 was down 3.63%. The Russell 2000 fell 4.43%, and the Wilshire 5000 finished 3.76% lower. | |
| Compliance | |
| Rate of Return Rules Issued for Hybrid Plans | |
| Final guidance published by the Internal Revenue Service (IRS) will impact the way certain hybrid defined benefit plans assess and report the value of pension portfolios and unfunded liabilities. According to the IRS, these final regulations “relate to previously issued final regulations that specify permitted interest crediting rates for purposes of the requirement that an applicable defined benefit plan not provide for interest credits (or equivalent amounts) at an effective rate that is greater than a market rate of return.”Read more > | |
| From the Magazine | |
| Barry’s Pickings: PBGC Policy Proposals | |
| Michael Barry is president of the Plan Advisory Services Group, talks about four challenges he sees confronting the Pension Benefit Guaranty Corporation (PBGC).Read more > | |
| Investing | |
| Net new investment to long-term mutual funds and exchange-traded products totaled $31.7 billion in October, according to data from Strategic Insight (SI), an Asset International company.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1776, British troops captured Fort Washington during the American Revolution. In 1907, Oklahoma was admitted as the 46th state. In 1969, the U.S. Army announced that several had been charged with massacre and the subsequent cover-up in the My Lai massacre in Vietnam on March 16, 1968. In 1973, U.S. President Nixon signed the Alaska Pipeline measure into law. In 1981, a vaccine for hepatitis B was approved. The vaccine had been developed at Merck Institute for Therapeutic Research. In 1999, Johnny Depp received a star on the Hollywood Walk of Fame. In 2000, Bill Clinton became the first serving U.S. president to visit Communist Vietnam. | |
| SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “How do you spend your time on your commute to work?” But first, I asked how much time respondents had to spend on their commute to work. Three percent said they telecommute, 1% said the time varies, and 10% spend less than 15 minutes commuting. Thirty percent commute between 15 and 30 minutes, 39% indicated their commute is 30 minutes to an hour, and for 15%, it is between an hour and two hours. As for what responding readers do during their commute (they could choose more than one activity), the greatest percentage (48%) indicated they listen to music. More than one-third each listen to news or talk shows (36.7%) or just think (33.7%). Only 16.3% said they just drive, ride or walk.Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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