This week with tesla mike khouw downshifts on the name and its time to risk less and make more. Options action starts now. Welcome to options action, we begin with crude oil, and the wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something this happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 what do we know . We know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th and aed there while the market went out and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet up 25 is twice that of the s p up 34 and then this is the interesting thing. The next slide youll
Big stories here, francine, the idea in america, the spread of the virus, just getting ready of this hour of bloomberg surveillance, you hear the sirens constant in the background here in upper East New York city. In particularne is of focus on louisiana, and the other issue, francine, picking up the debris of all the those factorsof is able market with a vix of 63 a bull market with a vix of 63. Francine yes, we will have a lot more on the market. First, lets get straight to new york city and bloomberg first word news. Here is viviana hurtado. Viviana we begin with a major change in tone overnight between the u. S. And china. President donald trump and xi jinping pledging in a phone call to cooperate, this in the fight against the coronavirus. This comes after weeks of rising tensions between the two nations. President trump tweeting, we are working closely together. Relations between the two sides are on a critical moment. Now the u. S. Press surpassing china now the u. S. Surprising
The joke, the word resurface actually refers to the job of the zamboni man, which is to resurface the ice. [ laughter ] [ cheers and applause seth thank you and by the way, thank you, thank you for referring to him as a zamboni man and not a zamboni driver [ laughter ] a lot of people make that mistake. Can you just show us real quick, like, how what celebration did you do at your desk when you wrote this joke . [ laughter ] it was like a, you know, a little [ laughter ] seth give it up for matt goldich, everybody. [ cheers and applause this has been one of my writers explains a joke. Seth weve got a great show for you guys tonight hes a member of the Grammy Nominated band, Jonas Brothers and also a coach on season 18 of the voice, which airs mondays here on nbc. Nick jonas is back, you guys [ cheers and applause he is a tight end and team captain for the super bowl champion Kansas City Chiefs, travis kelce is here [ cheers and applause very exciting stuff, right there. And he is a ver
I have got to go back reporter 50 billion to those who might be concerned that is too expensive. We dont want to talk about it it is a substantial number. Were going big. We could go back every day or every week. Were going big. Thats where mitch mcconnell, that is the way he wants to go. That is the way i want to go. I want to get it done and have a big infusion as opposed to going through meetings every couple of days. We dont want to do it that way. Go big or solid. The country is very strong. Weve never been so strong. That is what were going to be doing. We dont want, with this invisible enemy, we dont want airlines going out of business. We dont want people losing their jobs or not having money to live when they were doing very well just four weeks ago. So were going big and that is the way it will be. That is the way everybody seems to like it on the hill. Any other questions to steve . Reporter airlines and hotels, call for restaurants today. Was any type of Emergency Assistanc
noise the committee will 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