But in no event shall debate continue beyond 11 50 a. M. Chair now recognizes the gentleman from illinois, mr. Shimkus, for five minutes. Shimkus thank you, mr. Speaker. Mr. Speaker, another group that to pause and thank is my Campaign Team and supporters. How diverse this group is. They are young and old, they are live in poor, they towns, villages, and isolated country roads. Ideology, rvative in they identify as republicans, libertarians, and even independents. These are the people who walked parades. They helped pass out balloons, political signs. Hey took down signs of all sizes. They organized fundraisers both big and small. Manned booths at county fairs. What causes people to give up talent, and heir their possessions to a candidate, party, or cause . T is at the heart of a representative democracy, our constitutional republic. Going to cast a vote for you, shouldnt you know their beliefs . About an l strongly issue, wouldnt you want to help a kind red spirit . Started to run fo
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. This is ang issue that hits cle to home. Last summer a dreamer from illinois filed suit because he was wrongfully denied an auto loan because of his daca status. I was glad to see some of the changes that wells fargo has decided to implement recently including its plan to provide Daca Recipients with credit products, education loans and mortgages. I cannot emphasize enough how important this commitment is and hope you worked work diligentlo implement this new policy. Because this release is one
Opposition to the plan. And oil falls as opec calls on producers to abide by output shery shery . Lets start with a check of how markets closed in the u. S. The s p 500 closing above 3000 again, just one 5 short of its alltime high. It was boosted not only by fresh stimulus coming out of the European Central bank but also a bloomberg report that the Trump Administration is now considering offering a limited trade deal to china. We saw the dow gaining 45 points on the nasdaq closing at a july high, gaining for a second consecutive session. Almost every sector on the s p 500 was on the green except for energy. As paul mentioned earlier, oil fell today. We had the International Energy agency warning opec of a daunting surplus of crude. That really not helping the oil market. U. S. Futures at the moment unchanged. Lets see how we are setting up for asia. Sophie this friday, asian futures are hinting at gains. Central Bank Developments very much top of mind. Overnightust holding after a vol