Quarter. The Second Quarter is probably going to be weak. In fact, in the view of many, output declining output lower in the Second Quarter than in the First Quarter. After that, its very hard to say how big the effects will be or how long they will last thats going to depend, of course, on how widely the virus spreads, which is something that is highly uncertain and i would say in fact unknowable jim, so its just you and me today. Lets start broad. Get your thoughts on the last 72 hours. What are you thinking right now . I think that the one thing i was very worried about in the 2007 and the 2009 issue, could i take out 50,000 from Jpmorgan Bank because i was concerned. And i took it out. I took money out of a lot of Different Bank accounts. This time im not. What was the purpose of last night . Theres a lot of things. The purpose of last night was to make sure you didnt take money out of the bank because you didnt trust the system. You dont have to bury it. That was important now the
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 customers names which ca
Nightclub. Busy bar on the weekends friday and saturday nights. We are not the only bar in the neighborhood. Across the street is the horseshoe and five or six other restaurants down the street. We are the corner where everybody mingles. It is not necessarily the dorian. I cant control across the street what happens in the door doorways. What we are trying to do is we are a neighborhood bar trying to additional element to it to bring in more people, to bring in more people to the neighborhood to have the neighborhood people join us more often, add another experience to it. We dont want to do crazy bands to 4 00 a. M. We have another nightclub. We are not that. We are a restaurant with a jazz band on thursday night during happy hour, not doing craziness. That is not our plan. Other than that, we are just trying to support the neighborhood and move forward. Anyone here to testify in support of the project sponsor . Come on up. Thanks for listening to me. I am liz miller speaking on behal
Irans generals. VowSupreme Leader retaliation. Equities dip read u. S. Futures hardest hit, pointing to big losses at the start of trading. Golden touch a fourmonth high as investors flee to safety. Just under an hour away from the trading insh equity europe. We dont have the big drops now we are starting to an european futures that we do in u. S. Futures. Ramping up bigger and bigger losses. Ftse, only half of the sarah down only 0. 5 down. That is like the u. S. If you take a look at s p and nasdaq futures, you are going to see substantial losses. Dow futures down almost 2. 5 0. 25 . Interesting the way we have not seen asian equity markets showing up. The overall level of flights to safety. Money going into old. Gold. Around disruptions commodities expected. We have not seen equity markets selling off wholesale. We have some inflation data out of turkey. Iskey is one market that underperforming. We will speak to colleagues about why it is the European Equity market in terms of the f
In 2 days over in a strangely or a state of emergency has been declared for fires burning in the east. And im leah harding here with all of your sports liverpool leave it to the last minute roberto for me you know its set up a final against his fellow brazilians in the Club World Cup. Ah. That police in india have detained 100 circle several cities for defying a ban on protests the government is trying to stop mass demonstrations against a new citizenship law that opponents say threatens the countrys secular constitution a 1000 demonstrators rallying in the capital have been rounded up no this legislation has provoked anger because it offers a path to citizenship for persecuted minorities. From 3 neighboring countries but specifically excludes muslims phone Companies Say theyve suspended internet and mobile services in parts of new delhi following a Government Order many train and metro stations are closed their opponents of the law called for a day of action there have been large rall