The chairman of the gentleman from mr. From texas is recognized. Thank you madam chair. Madam chair, as a practitioner, i once represented a rips recipient of welfare who is charged with a crime, because she made more money at a job and receiveds some benefits from the federal government. She had to be prosecuted. A crowned with allege. If this bank works much smaller, had maybe ten employees who were engaging in this type of activity, opening an opening up false accounts, fraudulent accounts, creating fraudulent credit cards. Someone would be prosecuted. If small banks would have had prosecution take place within the rank of the person within the bank. Evidence shows that small banks have had persons prosecuted. But wells fargo created 1. 5 million fraudulent accounts. Wells fargo had over 500,000 credit cards created fraudulently. Is it the case that if you become so big, and you create such a grand steam, that you are beyond the law of the law to apply to wells fargo just does it ap
And choice words for amazon after a new investigation into the companys brand badging system goes into effect as Worldwide Exchange begins right now. Just another manic monday, wish it were sunday good morning and welcome to Worldwide Exchange im dom anyone chu in today for brian saul van here is how stock futures setting up their day on this monday in a holidayshortened trading week the dow jones would open by another 35 points if these gains hold into the opening bell the s p up by 2 points and the nasdaq up by 11. Now the dow and s p coming off record high levels on friday the dow seeing its 19th record close of the year and the s p 500, get this, its 32nd record u. S. Composite volume on friday, the highest since december 21st since 2018 treasuries, a tick lower in yields as you can see here, the tenyear note yield hovering around 1. 9 . The 2 year note yield 1. 36 worldwide, asia markets stalling near an 18month high as we takes a look at whats going on there. The hang sang and ho
Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created from low Interest Rates there. Fiscal measures to help with the slowdown along with structural reforms. Carl that is big news, steve were going to dissect a lot of that with the ea
Joins us to share how price conscious shoppers are navigating the store. Katie welcome to bloomberg markets. You take a look at these market and it is definitely a monday morning. The s p 500 up by about half of 1 building on last weeks losses. The same thing if you look at the nasdaq 100 and the big stocks. All the while you are seeing a little bit of a bump to volatility. The picture now higher by about one point or so, looking at a 16 handle. But lets get back to reddit because reddit and its investors looking to raise as much as 748 million, one of the biggest ipos so far this year. Ed ludlow joins us from San Francisco with the latest. 31 34 per share, where would that put us . The upper end of the range, it is a valuation of five point 4 billion. But if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to 6. 4 billion. Either way, it is a significant ipo in the Technology Sector for this year and it has been a
Throwing the fight, the hostilities of the enemy. The subsidence of floods in sistan baluchistan and the beginning of the assessment phase for the reconstruction of flooded areas. Sending more than 100 tons of relief aid including food and blankets to these areas. Organization in ravi went to prison to serve 65 years of imprisonment. The start of the second phase of the kalaberg Incentive Plan from tomorrow 220 one thousand tomans is deposited into the account of the heads of households of the first to seventh deciles of income. The customer actually buys with a discount, but the seller does not give a discount. They receive the discount difference from the government as a subsidy. Children and women are the main victims. 83 palestinians were martyred in the attacks of the zionist regime in the gaza strip last night. The success of scientists and technologists in increasing the Production Capacity of polyethylene in petrochemicals by designing and building a Polymer Production reactor.