We have a very packed show. Quickly onto your data and onto your markets. This is how we are looking in terms of the picture. A little bit of the markets moving sideways. Im getting some of your Areas Service p. M. It is in line with estimates and it is what i am looking at. Overall, they are moving sideways and if you look at bonds, they are rising climbing on the back of will be did in saudi arabia. Those are the markets. We had a great guest lined up for you today. Will be speaking to the former president of the ecb. Wilbur ross joins me a little later today. We will talk about the tax plan and the paradise papers. Lets get to the bloomberg first word news with nejra cehic. Nejra in the u. S. , 26 people have been killed after a gunman opened fire at a church in texas. Another 20 were wounded in the attack at the First Baptist church, in a small town in burleson county. Victims ranged in age from five to 27 five to 72 years old. Japanese Prime Minister shinzo abe has announced lines
Demographic or social factors of people being frauded. Mr. Stumpf i do not know what the intent of these people were. To answer your question specifically, there was no racial or ethnicity difference other than the communities because we try to have people in our banks that represent the communities. We will take that off the table here. As someone who populates a district heavily populated by seniors, i am worried that wells fargo may have preyed on those that were seen as vulnerable. Mr. Stumpf because we actually first, there was no disproportionate. In fact, it was younger people, not seniors if there was any emphasis at all. Ok. To be clear, i do not think sales goals are inherently evil. Anyone who is owned a business there is a reason to incentivize. Your company forgot the most important part. Serve. He people you i am increasingly concerned that this misguided idea of success puts actual customers in the category of least concerns is perpetrated by more than just wells fargo.
Cousin will mama and Danny Blanchflower. I mentioned the risk on rally that we have seen, yes, it is sustainable but not when it comes to dollaryen. Jonathan futures positive for tents. Dax, the ftse 600 up. The bloomberg dollar index is down about 2 10 of 1 . Dollaryen on the back of the but thinly we rolled over, unchanged on the session. Market,ook at the bond twoyear yields up for basis points in japan at the frontend. They did not cut rates, they left them at 0. 1 0. 1 . Is moving away to target the shape of the yield curve going to do anything . Ingles in tokyo and Carl Riccadonna in new york getting us ready for the Federal Reserve policy decision. Want to begin with you, david walk me through what we got from the bank of japan, was it all style and no substance . Was widely considered a smart move because what they did was essentially took additional action without having to commit report explicitly commit to more stimulus and in the process they kept the door open for them to
Revolutionized american history. Whenever started working on the book people would react with recognition when i said i was writing about joseph pulitzer, but it was clear from their expression they knew the name and nothing about his life. He shares his fate with our herd novellas the wellknown for prize, which he endowed, but not for what he did in his life. Few people remember that offered nobel was explosive munitions maker and view people understand the significant world of joseph pulitzer. Like some of the giants of the 18th century whose names we remember, kartik carnegie, rockefeller all of these people. Pulitzer played a role at critical moment in american history, which is the Industrial Age took the age that made america the way we think of ourselves today. The role he played is he was really the midwife of the birth of the modern mass media. Before his time we did not have the kind of media we now swimming everyday. The notion of americans checking their news on their phone
Annenberg media one of its major banks the Knickerbocker Trust, closes. One man commits suicide. The Banking System nearly collapses. What is it about banking that could lead to such a calamity . Inhe 192 the Banking System helped spread prosperity. In t 1930s it dragged americaown. How could a holiday put an end to the deepening crisis . Banking deregution cost taxpaye almost a half trillion dollars. Did banks need more regulation or less . Our nation has long tried to protect the banking business, but weve never eliminated all the risks. The Banking System why must it be protected . Economic analyst richard gill and i will investigate that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project americas businessmen and women know how dependent they are on a Friendly Bank for their success and the growth of their communities. Americas Banking System has provided that success and growth for more than a century. Although most banks are heal