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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
FeaturesFive Things

Jobs numbers and new iPads — five things to know today

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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August 12, 2014, 8:27 AM ET
Labor Market Shows Improvement In June Reports
MIAMI BEACH, FL - JULY 05: A ''Now Hiring'' sign is seen in the store front window on July 5, 2012 in Miami Beach, Florida. The ADP released the National Employment Report which showed that employment in the U.S. nonfarm private business sector increased by 176,000 from May to June on a seasonally adjusted basis.The government will release its closely watched employment report for June on Friday. (Photo by Joe Raedle/Getty Images)Photograph by Joe Raedle — Getty Images

Hello, friends and Fortune readers.

The mid-August doldrums have truly set in on Wall Street, and the news flow has slowed to a trickle. But there are still some notable events worth watching, so here’s what you need to know in business news today.

1. More jobs numbers

Last month, the Job Openings and Labor Turnover Survey — which is watched closely by economists and Federal Reserve policymakers for insights into labor market trends — showed the highest number of available jobs since 2007. The latest data come out today, and we’ll see if hiring has ticked up or if employers are still having trouble finding the right candidates to fill their open positions.

2. German confidence is low

German consumer confidence is at its lowest level since 2012, according to data from The Zew Center for European Economic Research. The crisis in the Ukraine and general problems with the economy in the Eurozone are contributing factors. Indeed, European stocks are under pressure this morning amid renewed fears of Russian intervention in Ukraine under the guise of a humanitarian aid convoy.

3. Hertz delays its earnings

The rental car company has delayed its earnings filing, citing an ongoing internal review of financial records and its potential impact on the company’s 2014 results.

4. New iPads are on the way

The iPhone 6 won’t be the only new Apple gadget coming out this year, according to Bloomberg, which notes that Apple’s suppliers have started making a new full-size iPad, with a new iPad mini possibly to follow.

5. RIP Robin Williams

Comedian and Oscar-winning actor Robin Williams, who died in an apparent suicide Monday night, was not only a beloved actor and comedian, he played a role in the business world too. As Fortune’s Philip Elmer-DeWitt notes, a clip of Williams in the film Dead Poets Society was recently used in an Apple commercial. RIP.

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