Mr. Mchenry you have access of liquidity to get through any crisis you would foresee . Yes, absolutely. Mr. Mchenry in terms of safety and soundness, you are from the harm previous regime, thats positive. In terms of safety and soundness youre management, cleaning up the ship. So our expectations is we should have no problems from you in soundness, ety and is that fair . Mr. Scharf i think its fair work once we finish the we laid out, you should feel that. Mr. Mchenry ok. At employees do you have wells fargo . R. Schaefer i have mr. Scharf 260,000. Mr. Mchenry how many are customer facing . R. Scharf i dont know the answer. It has to be easily 100,000. Mr. Mchenry sure. Do you have plans in order to respond to the current threats covid19, especially in your footprint in california . Absolutely. We are, as i said mr. Mchenry as well as and other state primaries that are seeing an outbreak . Approach on ur covid 19 is we should do the ing we can to ensure safety of our employees as well
Whats at stake for them and tech investing the Halftime Report starts right now. Welcome good to have you with us on this tuesday. Our Investment Committee with us lets start with the markets theyve been up for three straight quarters. The s ps largest gain over that period since 97 the question is what comes next . You tell me what comes next, pete the economy doesnt look good. Looks like it slowed down more and slowing more. No doubt about it. I think the interesting thing is tony dwyer had a nice note out talking about the mini recessions hes talking about this one continuing to be a mini recession and looking for opportunities. Saying it looks like maybe this is an opportunity in terms of buying after this selloff today. Have we had a nice start in terms of September September was absolutely fantastic. Financials were rocketing to the upside technology continues to be a strong spot except f. A. N. G some of those f. A. N. G. Names, especially netflix leading to the down side. But y
Dow fell about 150 points as President Trump says this morning theres no trade deal with china just yet. Shares of p g, Procter Gamble, up 4 after its Earnings Report. This is a record high for this stock. Well have much hoar on that later on thank you very much with the dow just above 27,000, the president this morning saying we would be 10,000 points higher at 37,000 on the dow if not for the feds actions. So with 24 hours to go until the fed decision, we know the president would give jay powell an f for his performance as fed chair, but how did chair powell do in the cnbc fed survey . Mr. Liesman knows. Steve. Yeah, im not doing the grading. Our panelists. About 40 or so economists and fund mangers in the survey, giving powell a bminus. You can see how this compares with the final grade of yellen, a bplus, and bernanke at a straight b and you know what, powell had to navigate hikingerates and then going to hold and then going to what looks like a cutting modality here, mode for the
Im here at Oakland International territory, where i. C. E. Chartered planes to carry detainees. Im kate larson. City leaders and members of the community are meeting to discuss how to make the tenderloin safer for everyone. Im amanda del castillo in san jose. An internationally known artist is done for the day. A largescale mural is going in, marking sharks territory. Abc7 news starts right now. Now, news to build a better bay area, from abc 7. We begin with new developments tonight after it was revealed that i. C. E. Chartered planes which flew tens of thousands of undocumented immigrants out of Oakland International airport. This was going on from 2010 to 2018. Now the governing body of the airport is weighing in on that decision. Our reporter joins us live from Oakland International report. Lisa, did the board know about this contract . Reporter they say they didnt. In fact, they only found out about it a few days ago. Now they have launched an investigation to figure out how this h
Im here at Oakland International territory, where i. C. E. Chartered planes to carry detainees. Im kate larson. City leaders and members of the community are meeting to discuss how to make the tenderloin safer for everyone. Im amanda del castillo in san jose. An internationally known artist is done for the day. A largescale mural is going in, marking sharks territory. Abc7 news starts right now. Now, news to build a better bay area, from abc 7. We begin with new developments tonight after it was revealed that i. C. E. Chartered planes which flew tens of thousands of undocumented immigrants out of Oakland International airport. This was going on from 2010 to 2018. Now the governing body of the airport is weighing in on that decision. Our reporter joins us live from Oakland International report. Lisa, did the board know about this contract . Reporter they say they didnt. In fact, they only found out about it a few days ago. Now they have launched an investigation to figure out how this h