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
A Public Service and gives us his take on what lies in store for the banking goliath and how the sector has performed in recent times then as one bank has left another has their j. P. Morgan and you part profit we take a look at the best in the final quarter of 2900 and what does it mean for the forecasts of the u. S. Economy Going Forward without a mess of the out of messing with it so many stories so little time so lets go and dive right at. The head of the anticipate assigning a phase one the u. S. Treasury has decided to remove chinas designation as a currency manipulator never mind the fact that china should have never even been labeled that in the 1st place according to the im up Commodity Traders and analysts are now doubting these insane amount that china is committing to buy from the us under phase one of the trade deal china will pledge to buy over 50000000000. 00 more in us energy and increase ag purchases by 32000000000 over 2 years which is above the 24000000000 baseline t
Was a delight to be inhaled because he would never believe that. Its going to do to as a copy of a course for 30 years im open to the curb it. Seems so logical for the side to make it right when i get out on the farms on the. Next list and hopefully bless her. This is boom bust broadcasting around the world and covering all aspects of business and how it affects us all im kristie i bridgeboro in washington heres a look at what we have on deck wells fargos stock continues to slump in the wake of its major accounts scandal with fines taking a big hit on the companys bottom line part with naylor a Public Citizen gives us his take on what lies in store for the banking goliath and how the sector has performed in recent times. Then as one bank has left another has searched j. P. Morgan and seen a boost from q 4 profit we take a look at j. P. Success in the final quarter of 2019 and what this means for the forecast of the u. S. Economy Going Forward without a mesh of the at a mesh ingrid so m
Lets up with. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallows. You are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi ellis asked im aware of it. Leverage it all you like. And you can never forget america now auschwitz was really like to be inhaled close you would never believe it wasnt a human ghetto to as an operating cost free for. Years ago to be very bad at all the lotto for every time you were a kid or when i get out im going on the farm saw you im going to take my son to their next do so he can piss in the hopes of the bless our hurt. This is boom bust broadcasting around the world and covering all aspects of business and how it affects us all im christy i and i bridgeboro in washington heres a look at what we have on deck wells fargos stock continues to slump in the wake of its major accounts scandal with fines taking a big hit on the com
Labeled that in the 1st place according to the im a Commodity Traders and analysts are now doubting these insane amount that china is committing to buy from the us under phase one of the trade deal china will pledge to buy over 50000000000. 00 more in us energy and increase ag purchases by 32000000000 over 2 years which is above the 24000000000 base line these totals will supposedly trim about 300000000000 annually from the trade gap between the 2 countries however commodity experts remain skeptical that china can even absorb these quantities without threatening trade ties with other suppliers Global Markets are lackluster today as they struggle to digest the news and analyze how this deal will affect them how will the chinas commitment to by 200000000000. 00 of trade impact other countries and their access to the worlds biggest economy analysts also point out that depending on the wording and the implementation the agreement could also violate the principle of most big. Nation treatme