The economy and the outlook for the trump agenda. Wells fargo takes punitive action against the former ceo and another top action for their central role in the fake account fiasco. They announced millions in new salary claw backs. And a video surfaces showing an airline forcibly removing a doctor from an overbooked flight. First up though, big week for the markets. Wednesday well get data including march import prices. Thursday, jobless claims. Markets closed on friday but theres still Economic Data including retail sales, cpi and consumer sentiment. Earnings seasonen gets under way. Citi and wells, well get that before the opening bell. There will be a lot of questions, jim, about margins, rates, this trend were seeing in some c i loans and earnings themselves. Look, last year at this time, there were concerns that perhaps with no rate hikes who knows what they can do and then they got hit by the fact that they have bad oil and gas loans. Now the stocks ran up in anticipation of three
Good monday morning. Welcome to squawk alley. Jon fortt, sarahizesarahi iize. Interesting action this morning as we get a lot of things handed in our way. Bank earnings began on thursday, yellen tonight at 4 00 eastern time. Got some geopolitics to watch as Rex Tillerson makes his way to moscow. All of that with continued low volatility, even though bond yields did tick up a bit on friday. I think with the yellingen comme yell enclents later, it will be interesting to see if she mentioned the much weaker than expected jobs number on friday, whether that represents any speed bump in terms of growth or whether the 4. 5 Unemployment Rate best since 2007 should be applauded and will keep the fed on track to raise Interest Rates two more times this year as theyre scheduled to. People, jon, talk about the list of new his sligh s shrinki. Tesla once again to 310, amazon not quite an alltime high, but two big bullish analyst calls this morning. And everybody led by elon musk who cares about th
Half months. Almost a sign the market is too expensive . Well debate. A buy recommendation today. Yes. That helps. Timely. Yes. And this you probably have seen it, the shocking video after this United Airlines passenger being removed from an overbooked flight, just chosen random randomly to be taken off the flight. Response from yuunited and whetr bad press for airlines is a problem for airline investors. Crazy, cia zrazy story. But we begin with oh, and we may have a surprise guest today as well. Stick around. Thats all ill say about that. We begin with a new report of wells fargos fake account scandal. Additional clawbacks from the former ceo and Top Executive. Working this story heavily today, youve done a great job on it. Give us the latest now. Thanks, bill, so, yes, the headline is that most of the blame is being placed on former head of the Community Bank who was fired for cause and made to give up an additional 47 million today. Though the lawyer said we disagree with the repor
Fremont boulevard in fremont. In the back, you can see investigators trying to determine what exactly happened. Thats the ladder truck from the fremont fire truck. Unsure why theyre using it, perhaps to take overhead pictures of part of the crime scene. Trying to get more information, but the information is slow in coming out from the investigators here on the scene. Now, heres what we know so far at this point. It started before midnight when an east Bay Regional Parks Police Officer had a confrontation with a car full of people at a 7eleven across the street from where we are right now. Now, for an unknown reason at this point, the parks Police Officer called for emergency backup, saying there was a gun involved. When Fremont Police arrived on scene, they say a man was trying to get away, so they gave chase. For a while, they could not find the suspect, they brought in a helicopter to help. Again, for an unen known reason, one fremont Police Officer fired at the suspect, killing him.
Fremont boulevard in fremont. In the back, you can see investigators trying to determine what exactly happened. Thats the ladder truck from the fremont fire truck. Unsure why theyre using it, perhaps to take overhead pictures of part of the crime scene. Trying to get more information, but the information is slow in coming out from the investigators here on the scene. Now, heres what we know so far at this point. It started before midnight when an east Bay Regional Parks Police Officer had a confrontation with a car full of people at a 7eleven across the street from where we are right now. Now, for an unknown reason at this point, the parks Police Officer called for emergency backup, saying there was a gun involved. When Fremont Police arrived on scene, they say a man was trying to get away, so they gave chase. For a while, they could not find the suspect, they brought in a helicopter to help. Again, for an unen known reason, one fremont Police Officer fired at the suspect, killing him.