The board. All these headlines coming out fairly fast and furious over the course of the last three or four minutes or so. Thats why wells fargo shares, you can see here its not a massive spike, but still a huge move. 2 higher. You can see by the chart there, a Straight Line up for wells fargo. Again, on these wells fargo headlines from dow jones, again saying that Elizabeth Duke will become vice chairman. Tim sloan will take over as ceo, john stumpf will retire. All source reporting effective immediately. So thats why those shares are on the move. Well continue to monitor these headlines. Melissa, guys. For right now, thats the reason why youre seeing wells fargo react the way it is in the after market session, guys. Back over to you. Thanks so much, dom chu. A Stunning Development in the wells fargo story after the company was essentially called to testify on capitol hill two times in as many weeks. Here we have ceo john stumpf out. And this, of course, after a foregoing pay for this
How he answers this, but this is is kind of what was addressed down in front of folks in washington, is this something thats endemic in the entire industry . I think this is something people want to get to the bottom of. I would just say nailed it. Did carrie tolstedt, the woman who ran the phony account unit, was she a direct report to sloan . He said yes. I believe its not enough. These guys are probably really good bankers, but there was a scandal here, you know . And in some ways there was probably some relatively criminal activity. So im not sure him as a replacement is the proper replacement. You got to think if he goes up on capitol hill, the tone and tenor of those questions are going to be just as aggressive. Fierce and aggressive as they were the first time around. If were asking questions within an hour after the news breaks, these senators, these congresspeople have days, weeks to prepare theyre line of questioning. You got to think theyre going to be ten times harder. Does
Dylan for his contributions to song writing. Welcome to closing bell. Im kelly evans. Im bill griffith. Put a smile on your face, the dow rallying off of 184 point deficit earlier today. Stocks originally under pressure over concerns about weak export data from china. We will have more on what is behind the comeback. How does it feel . To be on your own . Im like are we actually singing . I got you. I think. New ceo of wells fargo. Chief operating officer tim sloane getting elevated to the top spot. Do critics want to see more changes. We have the president and ceo of the independent Community Bankers of america joining us throughout the hour. The power of amazon, go pro shares getting hit on news that the action camera maker is having issues regarding pricing practices. A battle between donald trump and the New York Times. The paper says it wont retract the article citing groping allegations against trump. He says the claims arent true. Lets start with the sell off or what use today b
You can also join the conversation on twitter cspanwj or goto facebook. Com cspan. We will find out in a minute who you plan to write in on november 8 rather than voting for the names on the ballot. First, let me show you why we are asking this question to all of you this morning. Here is cnns google searches for writein are off the charts. Google trends data indicates that the online searches for writein surged by 2800 hitting a record high since 2004. The states with the highest rates of search are not battlegrounds. But republican and democratic strongholds. In the state of arizona, senator john mccain is up for reelection. We have been covering many debates on cspan for senate and house candidates. In a recent senate debate, here is what senator mccain said what he will do on november 8. Senator mccain it takes a big man to know when he is wrong. And to admit it. Mike pence and have the humility to apologized and donald trump last night show that he is a big man. Host that obviousl
You can also join the conversation on twitter cspanwj or goto facebook. Com cspan. We will find out in a minute who you plan to write in on november 8 rather than voting for the names on the ballot. First, let me show you why we are asking this question to all of you this morning. Here is cnns google searches for writein are off the charts. Google trends data indicates that the online searches for writein surged by 2800 hitting a record high since 2004. The states with the highest rates of search are not battlegrounds. But republican and democratic strongholds. In the state of arizona, senator john mccain is up for reelection. We have been covering many debates on cspan for senate and house candidates. In a recent senate debate, here is what senator mccain said what he will do on november 8. Senator mccain it takes a big man to know when he is wrong. And to admit it. Mike pence and have the humility to apologized and donald trump last night show that he is a big man. Host that obviousl