On. The s p 500 is still down. 9 . The nasdaq has crawled back to unchanged. The Dow Jones Industrial average, the worst performing index today, 1. 4 down. Click to move in treasuries. 63 basis points on the 10 year. A risk off move today for whatever reason. Of the headlines today is wells fargo, planning to cut thousands of jobs this year. The move may set a precedent for the Banking Industry that has been resisting layoffs. Joining us now is hanna. How many layoffs do we see from the likes of wells fargo every year . Hanna thank you for having me. Wells fargos headcount has stayed steady over the past decade, even as peers have trimmed down. Around america was 300,000 people in 2010, now around 200,000. Wells fargo is steady at about 260,000. People are expensive. Wells fargos expenses has been an issue for a long time. Vonnie primarily where well those cuts come from . Hannah there have not been any plans finalized yet, but the cuts will be broadbased. They are looking at cuts that
Will move along now, even though that was not quite five minutes. Panel to i like to icons welcome the next panel appearing with many years of experience in the industry, mr. G. Michael collins faa retiree appearing in his individual capacity and with many Years Experience and his regulatory role, and doctor michael inslee, former chief scientist, u. S. Air, force and kept in a john cox, president ceo of safety operating systems, thank you all for being here today look for your testimony, without objection your full statement will be included in the record and so we will now proceed with your testimony, five minutes, as best you want to summarize. Mr. Pierson. I dont think its on. I forgot to put the budget, sorry. Members of the Committee Good afternoon thank you for inviting me to testify today, my name is ed pierson, i would first like to provide my heartfelt condolences for the family and friends who lost loved winds on flying air lion air, we are hes let me provide a bit of inform
Swim boats are pending so were going t okay so votes are pending. We will move along now, even though that was not quite five minutes. Panel to i like to icons welcome the next panel appearing with many years of experience in the industry, mr. G. Michael collins faa retiree appearing in his individual capacity and with many Years Experience and his regulatory role, and doctor michael inslee, former chief scientist, u. S. Air, force and kept in a john cox, president ceo of safety operating systems, thank you all for being here today look for your testimony, without objection your full statement will be included in the record and so we will now proceed with your testimony, five minutes, as best you want to summarize. Mr. Pierson. I dont think its on. I forgot to put the budget, sorry. Members of the Committee Good afternoon thank you for inviting me to testify today, my name is ed pierson, i would first like to provide my heartfelt condolences for the family and friends who lost loved wi
Senator graham we are going to learn a lot today about the perils of internet sites for children, and what we can do to help and inform parents. While he is on his way, i will give an opening statement. He will be here in a second, i hope. We are going to the border friday. Everybody is welcome. We are going to meet the fights that meet the vice president. There is no intrigue. I havent been in a while, and i would like to go, listen, and learn, and hopefully it will give us a better idea of what we can do legislatively to provide relief to those on the front lines of this chaotic situation at our southern border, and i am hoping we have a bipartisan group. We are not going there to blame anybody, at least i am not, i am trying to find a solution. And i look forward to the trip, and senator cornyn and i know the folks in texas are struggling with this problem. I look forward to learning from our friends in texas about what we can do. Thank you, very much. [witnesses swear oath] welcome
Today. Sparking worries in the broader markets. Some questions whether this is an Early Warning sign of a broader sell off. The nasdaq is coming off its biggest one day losses in nearly a year. The index is on pace for the worst week since october. In the meantime the dow and s p are down 2 in the last three days. As we talk about a sell off lets talk about the hideous elixir. A witchs brew. Or a famous miles davis album. What was that 300 point advance we saw last week after yelen took out patience . How much fundamentals were underneath that move higher . How real was that move higher and what inspired it . What about the recent economic numbers. People are still talking about 3 year in gdp but they seem committed to increased rates so were in an environment where the fed is for all intents and purposes tightening and then i have been making the point you put apple in the dow and youre asking for it. Youre trying to top the market out. Lets look at a six month chart of apple now. Num