To a structured bankruptcy would have saw money come back instead although were going to go straight by a group c. Dissolve the company and more things i found out which you even properly predicted to me when we were talking about their software was the fact that one of the other sticking points was this stock was not willing to pay out of pocket but also the threat of losing their chinese the potential Chinese Company move move to pharma your act which you know as we pointed out its like the people who decided that a new opium epidemic would be great for china so surprised that these things happen it is well moving forward to those bringing the suit paul hanley a lead lawyer for the group of local governments unions hospitals and others suing the drug industry in public court he told the media that any breakdown in talks did not concern his group of clients and that they will continue to explore resolution of our clients claims against her due on the stock was. Whether with or without
About it i talked about it here i was shocked to think that they would actually give up that sort of family fortune and this huge thing and i just dont think they well i think they go theyll go down kicking and screaming because theyre going to try to do this thing where they save save themselves like look at all the philanthropy we do we have foundation and thats the thing right like its like oh no we were going to a structured bankruptcy would have saw money come back instead although were going to go straight bankruptcy dissolve the company and more things i found out which you even properly predicted to me when we were talking about their software was the fact that one of the other sticking points was this stock was not going to pay out of pocket but also the threat of losing their chinese the potential Chinese Company move move to pharma your act which you know as we pointed out its like the people who decided that a new opium epidemic would be great for china so surprised that th
Disagrees. As ecb bond buying divides opinion, we will hear from Christine Lagarde, plus how negative yields are impacting the Worlds Largest Sovereign Wealth Fund. Matt i know what the big news for you was last night. Number in the u. S. Showing manufacturers in contraction was fascinating. It definitely moved markets. If you are, even sitting in the u. K. , there is no doubt that was one of the biggest market moving things yesterday in terms of increasing fears, changing the price on futures. We will discuss that. Matt we will touch on brexit. We are going to be going down to westminster throughout the morning and following the fall out of last nights vote. Lets take a look at the market numbers right now, starting with asian equity indexes after those big drops in u. S. Stocks. We see asian stocks rising. Yen bouncing back a little bit. Just an hour ago. To sellare more willing safe haven assets in the last 60 minutes. Crude oil i think fascinating. Weakness we have seen in crude oi
Thursday morning on cspan or on cspan now free mobile app up or discussion with your phone calls, Facebook Comments Text Messages and tweets. Bank executive from Silicon Valley bank, Signature Bank, and First Republic bank testified on the recent failures of joint subcommittee hearing. Rapid growth, Digital Assets and rapid deposit withdrawals were contributing factors that led to the collapse of the respective institutions. All makers asked about executive compensation and Risk Management. [background noises] Mike Emmanuel come to order. Joint subcommittee is titled continued oversight over Regional Bank failures. That objection all members will have five alleged days within which to submit extraneous materials to the chair for inclusion in the record. Without objection a chairs office to declare a racist of the committee at any time. With that i now recognize myself for four minutes. Todays hearingng will help the Financial Services committee learn more about recent Bank Failures inc
Fixed, i will leave it this way. All right. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business. It was impossible not to learn about it. Between my grandfather and my father, they were both passionate investors, and they both loved the idea of building a business that focused on taking care of its customers. And i always wanted to be involved with it. But of course, when you are young, you do not know where life is going to take you. David your grandfather started