Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
Moving to the upside today rebounding beyond the major u. S. Indices oil is bouncing back. This is important. Its helping the market hire. This is after brent crudent entded in bear market territory. As for europe ftse ending up 0. 7 of a percent. In asia overnight, chinas selloff continues. Not as bad as the day before. And nikkei 225 hitting a twoweek low. Lets get to trading action here in the good old United States of america with bob pisani down on the floor of the nyse. Weve been do for an oversold bounce and it helps that earnings are better than anticipated today particularly in industrials. Look at the major sectors. Everything thats been a disaster this month is up today, which is the way it should be. Were due for a bounce in energy and materials and industrials. A lot of disappointments in earnings. Health care has been holding up. Thats on the upside. Watch the market leaders. Market leaders are internet stocks like google and Facebook Biotech stocks and banks. All of thos
Bridge. And the wisky clouds are make wispy clouds are making beautiful weather out there. San francisco, 57 degrees. San jose, 58 in santa reeze, 54. Heres what we can expect today. We are going to see warmer conditions for your saturday and sunday. Mother nature timed it just right to have a great weekend outdoors. We are getting colder air coming monday, tuesday and a chance of storms. Ill explain all of that coming up. Guys, back to you. Developing this morning in san jose, a robbery suspect is dead after police opened fiber during a traffic stop. It happened yesterday at north wide road. Thats about a mile east of interstate 680. As officers were conducting the stop, shots were fired. The suspect was hit at least once and died at the scene. No word this morning on what led up to that shooting the. Now to lefthandon, where to london, where an 18year old man has been arrested in connection with fridays subway bombing. Right now, officers are searching the home in the suburbs and eva
Well quick check on the futures looking strong after we capped off the best month for stocks. The s p, dow and nasdaq since back in february coming off of a very strong october, which is seasonally a weak month it looks like were starting off november solidly in the green. Dow futures rallying 100 points. S p is up 8. Nasdaq futures are up about 29 points teeing off some strength that we saw overseas, especially in the japanese market, when the nikkei surged another 2 . Having been up 8 for october. Well get to the market picture in a moment. First new details on yesterdays terror attack in new york city 8 people are confirmed dead a dozen others were injured after a man drove a vehicle down a bike path in manhattan Contessa Brewer has the latest reporter what youre seeing behind me is the rented home depot truck used in that attack. Its still there b two milaboute of the west side highway are shut down, and the truck surrounded by crime scene tape and investigators. Yesterday afternoo
Issue and protesters are expected. Reporter San Francisco police chief has been advocating for the use of tasers for his officers for quite some time. They wont be used in every situation. They are a less lethal force option. There is some opposition to this a vote. I want you to see just across the way moments ago these are demonstrators who plan to make their voices heard before the vote in an hour. They believe that the use of tasers will be used disproportionately on people of color the homeless and the mentally ill. They are very worried about officers getting tasers into their hands. The chief said if this is passed rules and training will be put into place to make sure tasers are used property. Chief scot since he was sworn in as push to get tasers into the department. He believes it will reduce serious injuries to officers as well as the people they are trying to take into custody. Tasers is one option. Not to be used in every situation. Not to be used based on race or economic