Going to be having a conversation about the private sector in afghanistan. Hosted y posted this witht have done the partnership of the Senior Advisor here. Thank you, tony. Will have a very interesting and constructive conversation today. When i think about people who are qualified for their jobs, and two or the right people at the right time, i cant think of a better person than my friend greg from the afghanistan pakistan office. He has served in the toughest places in the world for the United States. Patriot, a really qualified individual. Thank god he agreed to do public service. Up. , come on [applause] it is very nice to see many of my old friends here, particularly my friend from cairo. He has done a lot of things that need to be done in afghanistan. Great to see all of you. I look forward to meeting all of those i have not met. I would like to see say a few words about the strategy, and a few points on how that relates role in afghanistan and pakistan, and talk about the specif
Without the partnership of the Partnership Ambassador tony win the senior advisers csis and a friend and thank you very much tony for everything. I think we will have a very interesting and constructive conversation today and when i think about people who are qualified for their jobs and the right people at the right time i cant think of a better person than my friend from the afghanistanpakistan office at usaid. He summoned that have served in pakistan and afghanistan and served in some of the toughest places in the world. Craig is a friend, greg is a patriot and a qualified individual. Thank god he has raised his hand and agree to public service. Thank you very much. Come on up here. Give them a round of applause. [applause] its very nice to see many of my old friends here in the audience particularly i found from cairo was done a lot of the things that need to be done or might be done in afghanistan. Its great to see all of you and i look forward to meeting those of you that i have
Do we call him dr. Sunshine. He likes to say dr. Realist. Allergan could be buying a it had a market cap of 90 million and theyre buying it for 1. 7 billion. All because the Bio Tech Companys progress in fighting a certain type of Liver Disease. We will look at what other companies could be takeover targets in that space because of this takeover here. We are keeping an eye on markets. The dow is up 50 . S p is up five. Nasdaq trying to participate. Lets get to our top story. Wells fargo ceos testimony on capitol hill you saw live here on cnbc. Testifying in the wake of the banks fake account scandal. Williford frost is in washington. He has been covering hearings all day today. And the hearing was far tougher for john stumpf summed up with this exchange. Have you returned one nickel of the money you earned while the scam was going on . And the board will i will take that as a no, then. Have you fired a single Senior Executive . I dont mean regional manager or branch manager. Im asking
And the nasdaq recouping nearly all losses from nationwide and it started with these comments from fed governor brainard. I was only kidding the apparent reversal on a lot of investors saying, what the fed so what do you do with your portfolio right now . Guy . We talked about on friday what was the movie, guy . Scarface. Not everybody is that you know. Which one was she . In the tub or anyway my bad. I dont know who youre talking about. One of the things we said on friday, the market traded down, effectively held the levels we last saw in may 2015. Lets not make too much out of this. The fed threw out a test balloon in terms of hawkish commentary and actually said that could change on a dime next week if they reverse course. I didnt think it was going to happen monday morning. But it happened monday morning. So i think were a little inaccurate in what we talked about. The market was actually rallying back before the comments were out. Im splitting hairs here. But that said, you know,
The tea as a is a new creation of that but obviously there was a coast guard before that. The secret service and interaction with the coast guard and the coast guard provided, and the department of Homeland Security. My sense is the cooperation is enhanced with in the same agency. I would like to add the panels conclusion is we identified a substantial number of issues that needed reform. For those issues we didnt think moving from one agency to another would address any of the issues we identified and so while we understand that was a serious debate, the focus needed to be solving the problems we had. If i could say one interesting piece on treasury was being an older guy, i remember well a lot of discussions treasury officials, wall street guys, finance guys dont understand the Enforcement Mission well, and wherever we are you think it is somewhere else. I believe it was correct to say at that point of the director of the secret service reported u. N. Assistant secretary or undersecr