Systematic issue a major change in the system for manufacturing and delivering pharmaceuticals. The implications of one country controlling the supply of medicine are astounding. No matter what country we may be talking about. Think about it, what if there is a Global Pandemic and its hard to move product across the world because of that . What if there are heightened tensions within the South China Sea, everyone can be vulnerable, everyone could be put at risk. The role of the fda in the situation cannot be overstated because the fda cannot be as effective in assuring the safety of our medicines and force long areas of the world as it can at home. Many of us are not aware of the facetoface contact that the fda has for those manufacturing our drugs. The inspections they conduct. The very handson work involved in making sure the manufacture of drugs is safe. They certainly set up offices all over the world to do that but that is not the same as having offices carrying manufacturing in y
Gun violence. The Democracy Alliance Senior Advisor discusses her recent piece in the nation magazine, the Republican Partys white women problem. Roblem o. Host good morning. It is friday, september 6, 2019. Welcome to washington journal. There has been a notable update in a mission and outlook of a Major Business group, one representing some 200 Bluechip Companies that perhaps reflects the changing views in america over who corporations should be responsible to. This first hour, we will talk about that. Who should corporations be responsible to . 2027488000 is the number to call for democrats. 2027488001. E and for all others, 2027488002. You can send us a tweet at cspanwj or post comments to facebook. Com cspan. In addition to the change of the Business Roundtable outlook, perhaps the increasing crossroads between Public Policy in corporations like Johnson Johnson and Purdue Pharma over the Opioid Crisis or walmart and the gun violence privacy concerns over corporations like facebook
Carl quintanilla with jim cramer a solid open as we watch more good Bank Earnings and consumer inflation that is a touch cool 10year core cpi runs 1. 7 year on year. Wells fargo with earnings, does it point to a strong season of corporate results . Tech policy head winds, the fang stocks are set to open higher. Amazon and alphabet above the 1,000 mark and 21st century fox down in the premarket following the drag from comcast and direct v owner at t bank of america better than expected as improved lending activity and higher rates offset weaker trading revenue and wells beats on the bottom line but revenues miss and that stock is lower as we watch efficiency ratios. Wfc, wells does a pretty good job of not talking about the issues that beset wells fargo. I will say in their defense, there was not a decline in average deposits, up 4 . People are not fleeing wells fargo. Bank of america has become the bank that i always thought it would be, the consistent bank where you can put a price to
About 8 billion to banks at discounted rates. The goal is to allow the firms to relend the money to small businesses. Its been more than 24 hours since swiss Central Banks shocked the financial world. It abandoned its cap on the euro an were still learning about the fall out. Regulators around the world are looking for information about what happened and how some retail brokerages entered insolvency. It says the volatility left it with a negative equity balance and its trying to sure up its capital. Lets take a look at whats happening with the u. S. Equity futures this morning. The dow was down by triple digits yesterday. The dow was indicated down by 42 points. S p few turs down by 6 and the nasdaq down by over 28 points. Of course as weve seen what happens in these early hours is no indication of what would happen by the market close. No indication of what would happen by the market open. So true. A lot of volatility out there. It is. Corporate news this morning, heres our early stoc