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
Exchange. Good morning. Im sara aseisen. My favorite song. Im wilfred frost. And ill say it again, welcome back. Missed ten day rally in the there are. Missed you. Miss this major move in stocks. But, yes. You had a great time. I had a nice vacation, postelection vacation. Lets check in on the global market. U. S. Equity futures after another rally day on wall street yesterday left the do you up 80 points and trifecta of record closes. First time all four averages closed at a record since 1999. All three closing there august 15th. Were strong again. Dew futures up 47, s p futures up 4. 5 and nasdaq futures up 18, more than 18 points. For the ten year treasury note yield a story of higher yields, the selloff in bonds, stronger dollar. There we are right now just under 2. 30 on the ten year. Theres the spike up. Like you were never away. You know i have to keep paying attention to markets a little bit with such major action. You wouldnt believe what she reprice to while shes away. The te
Employers have been creating jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says the cuts came from large employers. The big oil companies, conoco phillips, made a big cut this month as well as the Equipment Companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. Reporte despite the setbacks, leading economists still see a labor market healthy enough to support Economic Growth for the rest of the year without t
Employers have been creating jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says the cuts came from large employers. The big oil companies, conoco phillips, made a big cut this month as well as the Equipment Companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. Reporte despite the setbacks, leading economists still see a labor market healthy enough to support Economic Growth for the rest of the year without t