Correction i wanted to see the market get back to at least flat on year. Now worry below that i didnt want it for the reason that we are currently experiencing it but the world didnt give you that choice. But i did feel we are extended in a lot of areas. A lot of that has been corrected very quickly i want to give you examples that i think are illustrative of what is happening out there airlines are down 9 in two days getting worse by the minute. Somis are down 10. 5 in two days nvidia made a new record high this time last week. Down 18 from that record high parabolic moves to the downside. The s p 500 this morning at its worst level was off 6. 4 from its highs. Nasdaq off 8. 2 vix at the highest level since december 2018. What does all that mean . This is preferable to a turnaround tuesday failed rally that falls apart by the end of the wee and then we sell off into friday, people worried about, you know, oh, whats going to happen this weekend this is better lets get it all out master
Mr. Mchenry you have access of liquidity to get through any crisis you would foresee . Yes, absolutely. Mr. Mchenry in terms of safety and soundness, you are from the harm previous regime, thats positive. In terms of safety and soundness youre management, cleaning up the ship. So our expectations is we should have no problems from you in soundness, ety and is that fair . Mr. Scharf i think its fair work once we finish the we laid out, you should feel that. Mr. Mchenry ok. At employees do you have wells fargo . R. Schaefer i have mr. Scharf 260,000. Mr. Mchenry how many are customer facing . R. Scharf i dont know the answer. It has to be easily 100,000. Mr. Mchenry sure. Do you have plans in order to respond to the current threats covid19, especially in your footprint in california . Absolutely. We are, as i said mr. Mchenry as well as and other state primaries that are seeing an outbreak . Approach on ur covid 19 is we should do the ing we can to ensure safety of our employees as well
International break of morning 1st for you this friday tensions continue to flare in syrias province where Turkish Backed militants have fired on Syrian Army Positions near the town of theyre up these are pictures from that attack on thursday. And while washington is called for damascus and its backers to face punishments over their military actions in the region thats despite u. S. Officials also admitting that has become a haven for terrorist groups. To be a magnet for terrorist groups especially because it is a space in many ways the groups there all of them. Hundreds of thousands of civilians who are just trying to make it through the winter. Takes a look at how the syria conflict has evolved. Pushes coming to shove in syria turkey and the us russia israel and multiple militant factions all skirmishing in the country and previous motives for warring are fading into oblivion. Its time for assad to get out of the way. We have won a good study says weve beaten them and we beat them ba
Confirmed case of coronavirus in the United States of unknown origin and after that press conference from donald trump. Not giving up. Meanwhile, we do see resiliency on the mainland. The csi 300 gaining. 1 korean kospi now down after that rising coronavirus count. A surprise Interest Rate hold from the be ok. Hong kong stocks falling lower. Lets look at the fx and rate markets. We see a rebound of the aussie dollar, but this after it fell to the lowest level since 2009. We do see the yen gaining against the u. S. Dollar and we see 10 year treasury yields falling lower. The 10 year yield at 1. 3 after falling below for the first time ever. Back to you. Ponczek, right, sarah thanks for joining us. Travelers torging reconsider trips to south korea as the number of coronavirus cases there nears 1600. President trump assured americans that they face little risk from the epidemic and tapped mike pence to lead the governments response. Trump sought to ease concerns after lawmakers raised que
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