Bigger bonuses at his office. But there is a catch. Well tell you what it is. Its a great story. A new battle between apple and google and this time google is beating on the latest back to school shipments and the impact its having on the tech giants and their laptop offerings. First lets have reaction to the feds minutes that were released about an hour ago. There, weve done it. No, lets have bob posani tell us about it. Hes tracking the movement on the floor. Not much different, right . The headlines look pretty normal, the case for rate hike as strengthened. That was the headline. The fed risked credibility by not acting, she said that before, so it all sounds fairly hawkish but the market did not react much, even though most people, 70 or so of traders believe the odds of a rate hike are 70 going into december. Mr. Dudley said i think we can be quite gentle as we go in terms of gradually removing Monetary Policy accommodation. In other words, the glide path is going to be very shal
Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
Ceo, the move effective taking over the top job at the big bank is current wells fargo president , tim sloan. The big shakeup at one of the nations biggest banks follows the highprofile fake accounts scandal. Wh the bank is alleged to have opened as many as 2 million bank and credit card accounts that may not have been authoriz wells farg paid a 185 million settleme to address the charges, but has since faced public outrage, and an angry congress. Shar rose in afterhours trading on the news. Dominic chu is following the wells fargo s for us this evening. Dom, good to see you. How much of a surprise was this announceme this announcement may have come as a surprise to some people, but given whats been happenin with stumpf, with chief executive john stumpf and appearance he made on capitol hill, the grilling, the questions he has taken over these practices that have perhaps showe some of the fraudule type activs that some of their bankers had been a part of, allegedly, in this whole proce
Ceo, the move effective taking over the top job at the big bank is current wells fargo president , tim sloan. The big shakeup at one of the nations biggest banks follows the highprofile fake accounts scandal. Wh the bank is alleged to have opened as many as 2 million bank and credit card accounts that may not have been authoriz wells farg paid a 185 million settleme to address the charges, but has since faced public outrage, and an angry congress. Shar rose in afterhours trading on the news. Dominic chu is following the wells fargo s for us this evening. Dom, good to see you. How much of a surprise was this announceme this announcement may have come as a surprise to some people, but given whats been happenin with stumpf, with chief executive john stumpf and appearance he made on capitol hill, the grilling, the questions he has taken over these practices that have perhaps showe some of the fraudule type activs that some of their bankers had been a part of, allegedly, in this whole proce
Ceo, the move effective taking over the top job at the big bank is current wells fargo president , tim sloan. The big shakeup at one of the nations biggest banks follows the highprofile fake accounts scandal. Wh the bank is alleged to have opened as many as 2 million bank and credit card accounts that may not have been authoriz wells farg paid a 185 million settleme to address the charges, but has since faced public outrage, and an angry congress. Shar rose in afterhours trading on the news. Dominic chu is following the wells fargo s for us this evening. Dom, good to see you. How much of a surprise was this announceme this announcement may have come as a surprise to some people, but given whats been happenin with stumpf, with chief executive john stumpf and appearance he made on capitol hill, the grilling, the questions he has taken over these practices that have perhaps showe some of the fraudule type activs that some of their bankers had been a part of, allegedly, in this whole proce