Recognize me of my tie was fixed. Just leave it this way. I do not consider myself a journalist. I begin to take on the life of being an interviewer even though i have a day job of running a how do youity firm define leadership. What is it that makes somebody tick . Talk about your career at bank of america and how you became the ceo because i think it is interesting. To go back to your background, you are from ohio and your father was a chemist . Brian my father was a chemist. David you are the sixth of eight children. When you have eight children you share a lot. Brian you have to be very aggressive of always getting your share, lets say that. David you went to Brown University and you are the cocaptains of the rugby team. Rugby is a top sport. Tough asit is not as banking. Brian nothing more powerful to see one of those scrubs. I was never in there, because i was not big enough. It is a fantastic teamwork game. That is consistent. The teamwork, all players participate consistently.
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
Coronavirus fearing weighs on the market, surpassing 100,000 worldwide. We are expecting a briefing from Vice President mike pence a bit hear this evening. Though that survey was conducted in the middle of february before the outbreak took hold in the u. S. In just a few moments well talk about russ cost rich he says the u. S. Consumer remains strong and where he is putting to work now. Dan, what are you doing . Not a whole heck of a lot week on week, there was a bit of optimism. As investors star thinking about how to allocate towards equities visibility will be the big point. I think i dont think were going to get that anytime soon right now. That was the low for this move you had a strong reversal off of that we set ourselves up for a powerful rally, but most of that snsht has dissipated, so some say you will have to retest the low, and were doing it right now on a relatively tenuous way, so i still think, given the stress in credit markets, stocks are not yet convincingly saying we
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
A sense of whats been the as we were trying to film weve stopped my cameraman being schooled. By. For more information on those stories you can head to our. Top the hour with another woman. This is the kaiser report were in like los angeles Backyard Television production right under actual lemon tree making actual lemonade you know when the markets give you lemons its time to make lemonade right stacie certainly the markets have given a coronavirus and epidemic a pandemic the pandemic that wont be called pandemic because that would require more q. E. That is not q e of course so you know i do want to say as you can probably tell weve been in mexico weve been in las vegas and were in los angeles out in the suburbs where brady bunch was films and the thing is that i noticed while traveling is how amazingly unprepared most people are basically is one very simple thing you have to remember is dont touch your face dont touch your face it doesnt stop anybody i see it all around me as were ch