As we head towards noon, 66 to 69. The coast will be cooler. 61. While the rest in the low to mid70s. 55 to 61 at 7 00. That rounds out your okay weather 12hour planner. Well have the forecast coming up. Heres sue. We have no delays except for maybe just minor to pay cash coming through the toll plaza. Those right and left hand cash paying lanes are starting to stack up. No metering lights yet. If you have a fastrak, youre jooming through. Southbound past 24, youre getting a little busy with brake lights at the interchange of highway 24. Once youre on to 24 west about an eightminute drive into and through the caldecott tunnel. Lets take a look at the drive times. 48 minutes tracy into dublin westbound 580. Looking good on westbound 4. At the live desk, just getting crazy video out of philly following the eagles super bowl win. Look at this. The Mayors Office says there were three people arrested. Several others also injured. As you can imagine, thousands took to the streets overnight.
Of the last voice there, but it was an exchange between the two, senator Elizabeth Warren and tim sloan that was one of the more memorable moments. I think the reason that im the right person to run this company today, notwithstanding your criticism, is because i have been making change at this company for 30 years. Are you kidding you know, look, youve been there for 30 years and every one of my colleagues on both the republican side and the democratic side who have spoken so far have talked about a broken culture at wells fargo, have talked about the fact that the problem starts with leadership you made money personally off of it when you were asked about it, you did not tell the truth, and you tried to cover it up wells fargo is not going to change with you in charge. All right that was an exchange there between senator Elizabeth Warren, tim sloan the wells fargo ceo. We also have to have on cnbc today the companys largest shareholder, Warren Buffett. He said he still has faith in m
Ive got a pistol in my hand, shooting at me with a nonemetic rifle. Maria the latest on the investigation coming up this morning. Harvey weinstein is ousted from his own company. Numerous claims but Sexual Harassment. Honoring our flag, Vice President mike hensley is an nfl game yesterday after the players took any during the reaction. The white house takes a stand against this protest. Tesla hitting the brakes on its track, why we will have to wait a little longer. Plus, there has been an awakening. Star wars fans set to go the force of the new trailer for the last jenny tonight during monday night football. The excitement as tickets for the highly anticipated film go on sale today. Feature showing the market like this this morning. The bond market is closed for a holiday, but set to open up about 30 points. In europe the major averages look like this is catalonia moves to go independent. Major averages down across the board. Down a fraction in the dax index. Quarter. Japan and the ni
And if you look at the ones that are either negative, bank of new york, hsbc, they actually slunk. Citi group, they grew it less than the inflation rate. So the regulations have really sort of kept the largest of the institutions from growing where as the regionals kind of grew on pace. The large regionals seem to grow about the same rate as credit in the economy. It kept the biggest shops from growing. Is this a good thing or bad thing . I think it depends who you ask. They would probably think it was a pretty good outcome. Did the constrained economic growth, no matter how hard you try to beat the data i do not think which is correct. I dont think is Data Analysis can cleanly identify which side is right. Now, if we go to the Banking System. Equity is up. The biggest use is deposit funding. What we have here is my living, breathing Banking System. What i do every quarter is i take a his gram of the banks over a billion dollars. I wish we could get that to move again. My technical guy
Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And