Plenty to chew on this week. Although the big news of the morning well get to that. The ten year awfully close to the lows of the year. The 257 a lot of feds speak this we week. Europe is in the red are and dozens die in the ukraine. Fall out from the Massive Customer data breach continues. Warren buffet this morning explaining the vote around the Compensation Plan and more. First up greg steinhoffel is out. Target has named John Mulligan as ceo while the Company Searches for a new chief. But as time goes on, we are going to get down to the bottom of this. We are not going to rest until we know how that happened. But we are going to come out at the end of this a Better Company and we are going to make significant changes. Going to remain an adviser as the search going on. Im not sure he knew it was going to cost him his job. It has a good board. He has a good board and when this happened, it was surprising and very out of keeping with what we think of as target. Earnings per share boun
That resulted in fatalities. She appears to have lawyered up. There were some fireworks earlier today just a few minutes ago. Listen to this. What i want to know is what investigation began after that deposition. That is part of the investigation. You dont know whether or not anything happened after that investigation . I dont have the complete facts to share with you today. That is incredibly frustrated me he wouldnt have a simple timeline of what happened once you got that knowledge. Stuart look at the stock, no impact. 34, 35 per share despite the fireworks, despite the intensity of this safety scandal is what i will call it. Ilup 0. 11 at 34. Amazon is in the news, the stock price of just 1. Holding a big event in new york city, were expecting the debut of an amazon video streaming box that will compete with roku, apple tv, that kind of a thing. Rumored to run on googles Android System and could play video games. We will bring you all the news as amazon breaks it during this progra
Hello, im ray suarez. The information so far is pretty damning. Millions of g. M. Cars were built with an ignition switch that could easily be flipped off distinguish ises and barra testified in april and said she would no more after g. M. s internal investigation was complete. That report by attorney antone valucas is a scathing indictment of the g. M. Culture. Its extremely thorough, brutally tough and deeply troubling. It paints a picture of an organization that failed to handle a complex issue in a responsible way. I was deeply saddened and disturbed as i maid the report. We have made a number of decisions, 15 individuals identified in the report are no longer with the company. I do say that the culture had a reason why this recall took so long. The report talks about the socalled g. M. Nod and the g. M. Salute. An arms crossed gesture that signaled that employees would not share bad news with superiors. Do you think it was only 15 people who did this g. M. Nod and salute . No, i t
Effectively elections. Even pending with out if you will allow me to ask a question. I am a member of a conference and i went out of it. Stuart we are learning about that exchange was Elijah Cummings and darrell issa. Darrell issa is accusing cummings of colluding with the irs to target the conservative group true the vote. Darrell issa says a member of cummingss staff repeatedly contacted the irs asking for derek. Lerner, the woman at the heart of the scandal was involved in responding to those requests. Monica crowley is here. That is not all. Dave camp, his committee has released information that shows that lois lerner went around people, over their heads and quite deliberately targeted karl roves Crossroads Group and said why arent you auditing crossroads . Goes on. This is the tip of the iceberg. Those two groups, karl roves crossroads, highprofile groups, people generally know what they are and who they are, who represents the mend what they do but think about the countless small
Hello, im ray suarez. The information so far is pretty damning. Millions of g. M. Cars were built with an ignition switch that could easily be flipped off while the car was in motion. People driving was killed by this defect and people had known this was a problem for years. The reorganized pulled back from the brink g. M. Was an american Success Story money was cheap to barlow, and there was a new ceo at the helm, mary barra. Would this terrible news that a cheap and flawed part that had taken lives. The Company Posted strong sales in recent months. Even with the drip, drip, drip of revelations of terrible decisions made in the last decade. Ignition switches, jiggled keys and the g. M. New and old on the program. Mary barra went to capitol hill to face more questions about the recall of g. M. Cars. This is not another business challenge. This is a tragic problem that should never have happened and must never happen again. Barra testified in april and said she would no more after g. M.