Speaker 1: Global business news twenty four hours a day at Bloomberg
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Speaker 1: This is a Bloomberg Business Flash ron Bloomberg World Headquarters.
Speaker 1: I'm Charlie Pelata. An intra day high for the nastack
Speaker 1: Compositive Index today, no records, but the tal, the SMP
Speaker 1: and nezdak all advanced. SMP five hundred index up four
Speaker 1: to six, a gain there of two tenths of one
Speaker 1: percent down industrials up seventeen, a gain of one tenth
Speaker 1: of one percent to now at eighteen thousand, five hundred
Speaker 1: forty seven. The SMP five hundred in next, by the way,
Speaker 1: just about four points shy of a record. Nastack up
Speaker 1: fifteen fifty two sixty a gain of three tenths of
Speaker 1: one percent, ten year yield, one point five four percent
Speaker 1: gold down eighty cents the ounce the thirteen thirty eight,
Speaker 1: the drop of one tenth of one percent crude West
Speaker 1: Texas Intermediate crude oil of one point two percent of
Speaker 1: fifty six cents of barrel forty seven ninety seven on
Speaker 1: West Texas Intermediate. I'm Charlie Pellatin. Thatath's a Bloomberg Business flash.
Speaker 1: You're listening to Taking Stock with Bim Box and Kathleen
Speaker 1: Hays on Bluebird Radio. In twenty fifteen, female full time
Speaker 1: workers made only seventy nine cents for every dollar earned
Speaker 1: by men. That equates to a gender wage gap of
Speaker 1: twenty one per cent. Women on average earn less than
Speaker 1: men in virtually every single occupation for which there is
Speaker 1: sufficient earnings data for both men and women in order
Speaker 1: to calculate this ratio, and here to tell us more
Speaker 1: about the progress that women are enjoying and continue to
Speaker 1: build for themselves is Ambassador Milan Vervier. Ambassador Vervia is
Speaker 1: a co founder and executive director of Georgetown University's Institute
Speaker 1: for Women, Peace and Security, and as a note, she
Speaker 1: was appointed by President Obama to be the first ever
Speaker 1: ambassad that are at large for global women's issues at
Speaker 1: the U. S. State Department. Ambassador Revere, thank you for
Speaker 1: being with us. It's a pleasure. Thank you. Now, I
Speaker 1: want to just note there are a couple of anniversaries
Speaker 1: which seem to have not necessarily hit the headlines, and
Speaker 1: one was last week. Would you like to tell us
Speaker 1: about the nineteenth Amendment? Well, the nineteenth Amendment is the
Speaker 1: amendment that gave women in the United States the right
Speaker 1: to vote. Uh. Actually it's August. Uh, so we're nearing
Speaker 1: the day. And when you look back at those almost
Speaker 1: one hundred years, we have indeed made a great deal
Speaker 1: of progress in the United States, but as you pointed out,
Speaker 1: in terms of the wage gap and so much more,
Speaker 1: we still have a way to go. The Seneca Falls
Speaker 1: Convention took place many years before the Nineteenth Amendment was ratified.
Speaker 1: Many people might not know about that particular event. Tell us, well,
Speaker 1: it was the first equal rights convention in the United
Speaker 1: States where women and men. And I think it's important
Speaker 1: to say that women's progress is about progress for everyone,
Speaker 1: and men are a big part of that effort. Uh.
Speaker 1: And about a third of the participants in Seneca Falls
Speaker 1: were men. Uh. And they came together to really work
Speaker 1: and create a bill of particulars, if you will, uh,
Speaker 1: to move forward for equal rights for women in this country. Now,
Speaker 1: that's been a long time ago. We've come a long
Speaker 1: way in the process, but we're still on a journey
Speaker 1: in this country, and certainly women around the world are
Speaker 1: still on a journey for full equal rights. Yes, that
Speaker 1: Seneca Falls Convention was held in July of eighteen forty eight.
Speaker 1: Now you are also the co author with Kim as
Speaker 1: a reli of Fast Forward How Women can Achieve Power
Speaker 1: and Purpose? Can you give us some examples of how
Speaker 1: how women are using the tools that are available or
Speaker 1: creating their own tools in order to bridge that wage
Speaker 1: gap that I described well, The thesis of the book
Speaker 1: is really to put forward the fact UH that fast
Speaker 1: forwarding women and girls enabling them to advance fully, whether
Speaker 1: in the economies of the country or in various social
Speaker 1: ways access to education, healthcare, etcetera, that all of this
Speaker 1: is critical to creating a better world, and corporations and
Speaker 1: governments increasingly are recognizing this. UH. There is an evidence
Speaker 1: base case today as there was not U before. UH.
Speaker 1: Data from all kinds of sources, multilateral organizations, governments, the
Speaker 1: private sector, from the World Economic Form to the World
Speaker 1: Bank UH are is demonstrating that UH. Today we know
Speaker 1: that women's economic participation, for example, is absolutely crucial for
Speaker 1: econ comic growth, for jobs creation, for inclusive prosperity. We know, UM,
Speaker 1: if we're companies that if we diversify our workplace, if
Speaker 1: we put women into upper management and boards of directors,
Speaker 1: that our bottom line is going to be better that
Speaker 1: increasingly this is about not just the moral imperative that
Speaker 1: it is, but that it is the smart thing to do.
Speaker 1: And for businesses, it's about business performance. It's about the
Speaker 1: bottom line. And in the book we point out how
Speaker 1: more and more companies and women in companies who are
Speaker 1: rising to UH positions with authority are making a difference
Speaker 1: to recognize this evidence space case and to move their
Speaker 1: their their companies forward and the process also to move
Speaker 1: women forward UH wherever they are in business. Now, I
Speaker 1: just want to note that in addition to co authoring
Speaker 1: the book with Kim Azzarelli, you have both founded Seneca
Speaker 1: Point Global. What is Seneca Point Global? And maybe you
Speaker 1: can transition there to tell us about the glass ceiling
Speaker 1: that exists in politics and business. What's the state of
Speaker 1: that glass ceiling? Well, Seneca Point Global. Obviously, Seneca is
Speaker 1: from the what we talked about a little earlier, the
Speaker 1: Seneca Falls Equal Rights Convention and that urgency that continues
Speaker 1: to be with us UH and it's an effort to
Speaker 1: fast forward, if you will, UH women and girls globally
Speaker 1: to create a better world and to create the kinds
Speaker 1: of outcomes UH in terms of economic and social progress
Speaker 1: that I think we all want to see. But the
Speaker 1: reality is we are still up against call it a
Speaker 1: glass ceiling, call it barriers of one kind or another. Uh.
Speaker 1: Whether they're in in legal frameworks, whether there are parts
Speaker 1: of mindsets, whether they're stereotypes, whatever, there is still a
Speaker 1: set of hurdles UH. In some places bigger hurdles and
Speaker 1: other places as lower hurdles that have to be overcome.
Speaker 1: In in terms of the World Economic Form, I think
Speaker 1: is a good measure because it puts out an annual
Speaker 1: gender gap report and what they show in that report
Speaker 1: as they look at at countries in terms of the
Speaker 1: gap between men and women's equality in certain areas economic participation,
Speaker 1: access to health, et cetera, political participation, and where that
Speaker 1: gap is closer to being closed, those economies are far
Speaker 1: more competitive and there's a great deal more progress for everybody.
Speaker 1: Thank you very much, Ambassador Milan Vervier, the co founder
Speaker 1: of Georgetown University's Institute for Women, Peace and Security. This
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