Diseases. Docr, reporter jeff moore discusses william barr. Ont good morning, everyone this tuesday, february 25. We begin with the coronavirus after the dow jones chopped dropped 1000 points with a spike of cases rattling investor confidence. We have seen the disease spread from china to south korea to iran. What are your concerns with this outbreak . Republicans, 2027488001. Democrats, 2027488000. Independents, 2027488002. You can text us at 2027488003 with your first name, city, and state. Also on twitter and cspan. Org and facebook. Com cspan. There have been more than 80,000 cases worldwide of the coronavirus. Deaths, nearly 2700 and 50 53 people in the United States who tested positive. The white house announced they would request 1. 8 building in emergency funding from congress and they plan to spend a total of 2. 5 billion on the response. The Obama Administration requested 6 billion for the Ebola Outbreak. The office of management and budget put out a statement saying the Trum
Warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turn has the Banking Sector as these Companies Start defaulting big banks including j. P. Morgan city Group Wells Fargo and goldman are down between 9 to 13 percent today as the selling pressure intensified across all sectors u. S. Markets triggered a 15 minute halt at the am the dow fell over a 1000 points as investors continued to seek safer assets the yield on the 10 year dropped below 0. 5 percent for the 1st time ever in the history crude prices have become a bigger problem for the markets than the coronavirus now as it will be virtually impossible for the s. N. P. To bounce when the Energy Sector is down 15 percent interesting way enough gold that defacto safety asset is not spiking instead it is trading flat someone down indicating that people are selling with. Well prejudice this type of broad based sell off is indicative of a cash crunch and that leverage funds are rec
San francisco, were looking at the crawl on 6. 80 south on to west 24 because we have an accident thats right here after that connector ramp the left lane is still block the 2 left lanes are blocked so emergency crews are on scene 6. 80 still backed up and want to e if i can switch over to a camera there it is theres our crashes from the caltrans camera on westbound 24. It was blocking the 2 left lanes and looks like yeah still blocking there so thats why its so slow on south 6 ad out of concord from to 42 back to you. All right, thank you very much robin to our top story now california under a state of emergency after the first coronavirus death was reported and now more cases have been onfirmed here in the bay area we have Team Coverage this morning from the latest developments Conference Sarah stinson is in San Francisco. Shes going to tell us whats happening to that cruise ship that the man who died had gotten off of but first were going to go to kron fours will tran whos live in S
Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
Thank you for your patience. Without objection, this hearing is entitled holding wells fargo. Agree just pattern of consumer abuses. I recognize myself for four minutes to give an Opening Statement. Today, we receive testimony from Miss Elizabeth duke, and mr. James quigley, who until later this week served as chair of the board of directors of wells forego and company, and Wells Fargo Bank respectively. Both have resigned after a call for the resignations. Following the release of a scathing majority staff report on walls far goes compliance failures, and their individual failures as Board Members. The resignations dont absolve meant them of their failures. Directors at wells fargo and institutions across the country must understand that they are the last line of defense when it comes to protecting their companies shareholders, employees, customers. While missed duke and quickly state they resigned to avoid distraction and quote let me be clear, this is not a distraction. We are exami