Impose a fine and permanantly bar him from the Banking Industry stemming from their unauthorized use and disclosure of confidential supervisory information. My understanding is its not revealed in any of the particular documents but its internal ratings of other banks. This was a rating of another bank. Allegedly used in pitch meetings with clients and potential clients so this information just coming off of embargo now. Well have to talk to them and see what their side of the story is but for now the news is Goldman Sachs reported to pay 36. 3 million civil penalty. Back to you. More from you later on that. Thank you so much. Meanwhile, it is just after 8 00 a. M. Out west. 11 00 a. M. Here on wall street and squawk alley is live. Good wednesday morning. Welcome to squawk alley with you for the hour. On assignment in rio at the olympics and also joining us this morning out west, inside. Com founder and ceo. Our top story this morning, Hewlett Packard Ceo Meg Whitman doubling down on c
Of the people and they are they are the enemy of the free around three hundred fifty news papers run editorials criticizing donald trump for many a battle cry saying its a threat to democracy. And hopes fade of finding survivors ingenuous road rage disaster italian Authorities Say as many as twenty people are still missing is also mounting anger as people try to find out more cause the collapse of. The. Hello and welcome my name is Christopher Spring a good to have you with us her voice defined an era and earned her the accolade queen of soul us sing a wreath of franklin who died earlier today at the age of seventy six after a battle with pancreatic cancer franklin shot to stardom in the one nine hundred sixty s. And seventys with singing. So powerful it became part of the american psyche she sang at Martin Luther kings funeral in nine hundred sixty eight and in two thousand and nine Barack Obamas president ial inauguration above all she earned immense respect as one of the defining vo
Yuan has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the u. Once fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the yuan and its also demanding beijing to make concessions to lessen its trade imbalance with the u. S. So while these law level trade talks are welcome news analyst sworn that it may take some time before the two countries come to a truce. All right our financial correspondent standing by for us in new york sufi talk is cheap does anyone expect anything to come out of this. Well yes funny talk might be cheap but investors are making money with this talk the market was in a rally mode all thursday because this is a modest breakthrough thats the phrase i read a lot today and i think it is a good way to put it of course theres nothing hard