Well be hearing from Tjx Companies and after the closing Bell Jcpenney will be reporting its numbers. Its been a stock to watch for the past year down near 5 a share as of yesterdays close. Lets get to andrew with some of todays top corporate stories. Hey becky. The big one bank of america saying that federal investigators are looking into whether the bank violated certain requirements of a Government Housing program. The probe centers around compliance with the rules of the federal housing administrations direct Endorsement Program this coming according to a 10k filing by the banking giant. Also this morning, Credit Suisse under a lot of pressure in europe, it already is under pressure in europe this morning but going to come under pressure more so today because a Senate Subcommittee is now alleging new misdeeds by the swiss bank and accuse the Justice Department of dragging its feet. The doj probing 14 swiss banks after admitting to helping u. S. Taxpayers hide money from the irs. Th
cheers and applause audience chanting Stephen Stephen thank you, ladies and gentlemen, please have a set. Welcome to the report, thank you for joining us on this bright evening. Nation, america was built on two things a strong work ethic and indian bones. laughter but mostly the hard work. Thats why as a maker i am sick of the lowdmk takers out there always asking for more. People who are working, they need a living wage, they cant survive off the 7 or 8 an hour. The minimum wage is still not a living wage. Today the minimum wage is less than what it was in 1963. Stephen well, that just means the minimum wage is i haventage. laughter folks, when it comes to wages theres no company the greedy underclass loves to attack more than walmart. What more do you want from them in . They already gives you Affordable Access to plussize kamo bathrobes. laughter you know, for when you feel like kicking back and hunting. laughter besides, walmart has proven they care about their lowwage workers. One
Jon thats our show. Here it is your moment of zen. More than a few misstepped. Falling over a cheers and applause audience chanting Stephen Stephen thank you, ladies and gentlemen, please have a set. Welcome to the report, thank you for joining us on this bright evening. Nation, america was built on two things a strong work ethic and indian bones. laughter but mostly the hard work. Thats why as a maker i am sick of the lowdmk takers out there always asking for more. People who are working, they need a living wage, they cant survive off the 7 or 8 an hour. The minimum wage is still not a living wage. Today the minimum wage is less than what it was in 1963. Stephen well, that just means the minimum wage is i haventage. laughter folks, when it comes to wages theres no company the greedy underclass loves to attack more than walmart. What more do you want from them in . They already gives you Affordable Access to plussize kamo bathrobes. laughter you know, for when you feel like kicking bac
Invested mostly in beanie babies and donated canned goods. laughter cheers and applause lot of walmart fans here tonight. But now socialist commissars over at the wall street journal are saying the gulf between the haves and the havenots may hurt the economy. Well, thats exaggerating. A gulf . My gated community only has a moat. laughter no surprise the rest of the red brigade is joining in. Like that manager of the Worlds Largest bond fund william gross. Ordinary folks, the 99 , dont have any money anymore the rich 1 and corporations do. Developed economies work best when inequality and incomes are at a minimum. Stephen that is a sobering thought. Metaphorically, of course. As soon as i heard it i got drunk. laughter the point is im choosing to believe that income inequality isnt as big a deal and doesnt need to change. Here to tell me it is a big deal and needs to change is former labor secretary for president clinton and star of the new documentary inequality for all robert reich. M
You would think other banks would be piling on the negative statements but do they feel sorry for city and their ceo . Charlie gasparino is here with the details. Call the bankers bonus and how is this not keeping in that thing . When you talk to rival bankers they have no reason to stick out for citigroup and not on the record because they are afraid. What they say is look at the arbitrary nature of what goes on with stress tests. Last year jpmorgan didnt fail to address tests but they got some sort of delay and asked for more stuff to do more stuff in terms of capital and all that so they delayed and forced them to do more. Why did they do that . The people at jpmorgan did that not because they have a capital fund but believe it was payback for the london whale. Whenever these raiders miss something they use the stress test as a way of smacking back at the banks and putting them on notice. That is what dick bove said. Adam a lot of taxpayers would say good. We could wait in and go ba