[inaudible conversations] the subcommittee will come to order. First off, i appreciate the audience patience and given. We dont control the voting schedule so thank you and the witnesses. Without objection all members have five days to submit statements, extraneous materials for the record subject to lengthy and limitations in the world. I will now make an Opening Statement and then turn over to the Ranking Member for his Opening Statement and i want to thank the Ranking Member for his longtime friendship and partnership in this issue and also thank the members of the cbc and Senior State Department officials for taking the time to come up here. Obviously this is a very timely subject. This is our second hearing. A couple weeks ago we had the first hearing in congress on the coronavirus and this will be my second hearing. I think about this issue based on my background but more importantly, as the former chief medical officer for sacramento in charge of the system and as a faculty memb
Mr. Mchenry you have access of liquidity to get through any crisis you would foresee . Yes, absolutely. Mr. Mchenry in terms of safety and soundness, you are from the harm previous regime, thats positive. In terms of safety and soundness youre management, cleaning up the ship. So our expectations is we should have no problems from you in soundness, ety and is that fair . Mr. Scharf i think its fair work once we finish the we laid out, you should feel that. Mr. Mchenry ok. At employees do you have wells fargo . R. Schaefer i have mr. Scharf 260,000. Mr. Mchenry how many are customer facing . R. Scharf i dont know the answer. It has to be easily 100,000. Mr. Mchenry sure. Do you have plans in order to respond to the current threats covid19, especially in your footprint in california . Absolutely. We are, as i said mr. Mchenry as well as and other state primaries that are seeing an outbreak . Approach on ur covid 19 is we should do the ing we can to ensure safety of our employees as well
Member for his longtime friend ship and partnership in this issue. Also want to thank the members of the cdc and Senior State Department officials for taking the time to come up here. Obviously, this is a very timely subject. This is our second hearing. A couple weeks ago we had the first hearing in congress on coronavirus, and this will be my second hearing. I think about this issue based on my background as a physician, but more importantly, as the former chief medical officer for Sacramento County who is in charge of the Public Health Delivery System there. And as a faculty member, my last Home Institution was the university of california davis, school of medicine. The reason why i give that background is last night it became personal for me because its hitting close to home. The first Novel Coronavirus case potentially person to person, nontransmission is in Sacramento County as we speak. That patient is housed at uc davis. I have been in communication with my former colleagues tha
How harry defied a direct order from the queen, the urgent Conference Call and the big concern now as meghan heads to canada. Plus, stranded in a snowstorm. The new video. How a group of tourists got trapped on a glacier for hours. Caught on camera. The close call with a suspected fake cop. The new warning after a woman is pulled over by a man posing as a federal officer. And a cell phone age limit . The new proposal that would make it illegal for kids to use a cell phone. Good friday morning, everyone. Thank you for joining us. We begin with the breaking news overnight concerning that passenger jet that u. S. Officials say was likely shot down over iran. Iran has invited the u. S. And boeing to join the investigation after video appeared to show the plane being shot down by missiles. Overnight, vigils were held in canada for the 63 canadians qu killed as investigators from around the world travel to iran to search for evidence. Reporter this morning, iran now inviting the United State
Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyber Security firms so this is going to this is like the fallout from huawei this is the fallout from huawei everybody out of the pool at one time think about microsoft and by the way one of the names not on the list, apple. Interesting where is apple . Apple doesnt do a lot of enterprise work in terms of corporate maybe not government. Maybe not government work but. More of a consumer play i dont know. I was thinking about that this morning. Where apple plays in that. Apple is obviously threaded