History. Mr. Wells the Longest Election Campaign in modern canadian history has begun. Good evening, im paul wells, the Political Editor of macleans magazine. Im excited about this as you are. We have the leaders of four National Political parties together in one room. We dont know whether that will happen again before you vote. I dont think they know. While they are here, lets make them work. In tleaders are just injure rudeau, elizabeth may, tom harper. And steven tonights debate will cover four broad subjects at the top of voters minds the economy, energy and the environment, the state of canadas democracy, in Foreign Policy and security. Each segment will begin with questions forom me. Another leader will respond, followed by an extended discussion among all the leaders. We will go through that process twice for each of our four subjects. We drew lots to determine the speaking order. Everybody here knows that order, but nobody in any of the parties have seen or heard the questions
Discussion among all the leaders. We will go through that process twice for each of our four subjects. We drew lots to determine the speaking order. Everybody here knows that order, but nobody in any of the parties have seen or heard the questions i will be asking tonight. The parties have agreed that at any point i can intervene to direct conversation. Lets begin with our first topic, the economy. This is one subject on everybodys mind as the election approaches, the economy. We have dangerous economic wind flowing in canada. The countrys Economic Health is shaky. We are coming out of a mild recession. Oil prices have slumped, exports are weak. What is ottawas proper role in the canada . Thats the context of our discussion. Mr. Wells as the luck of the draw would have it, the first question goes to the liberal leader, justin trudea. Mr. Trudeau good evening. Mr. Wells canadians are feeling anxious about the economy. Manufacturing is hurting. The price of oil is down. Your economic pla
Announcer monday, on the communicators, author, kevin ashton. Why did the right brothers and what was the process they used . Why did they succeed where everyone else failed . The answer is they understood the problem they were trying to solve better than anyone else. At the end of the day, being creative is not about having ideas in the shower, or aha moments. It is about solving problems one step at a time. Understanding the problem of a piece of paper, the problem of balance, was the key for the on thatothers starting horse that led to them flying. Ashton, mondayn night, on the communicators. Senate on with the break, we will feature book tv on cspan2. At the end of the summer, look for two book tv programs. On saturday, we are live with the National Book festival. On sunday we have the live, indepth program with lynne cheney. Book tv on cspan2, television or serious readers. Announcer the british house of commons is in recess, so questions will not be shown tonight. Canadian Party
Now in bear market territory. Those stocks are down at least 20 in some cases, more than that. All the major averages deeply in the red today. Its i shaping up to be the worst week in the dow, s p and nasdaq in nearly four years. This is serious selling. Lets look at the price of oil breaking below 40 a mark today. Weve been watching this one for some time. Its now down about 20 . Thats a bear market. Thats just this month. Finally, take a look at volatility index. Surging today. Its doubled this month. Its above 25. This is the one we are watching. It was dormant all summer. Today its up above 25. This is the best month it had. All sorts of benchmarks are being set. Exactly. Dow jones industrial average is close to breaking below 16,600, which it did do briefly earlier. We started the week with the vix around 12 and were at 25 now. We have bob doll to break down where he is telling his clients to put their money now. Tech and social stocks getting crushed in this market. Apple one of
Of the last voice there, but it was an exchange between the two, senator Elizabeth Warren and tim sloan that was one of the more memorable moments. I think the reason that im the right person to run this company today, notwithstanding your criticism, is because i have been making change at this company for 30 years. Are you kidding you know, look, youve been there for 30 years and every one of my colleagues on both the republican side and the democratic side who have spoken so far have talked about a broken culture at wells fargo, have talked about the fact that the problem starts with leadership you made money personally off of it when you were asked about it, you did not tell the truth, and you tried to cover it up wells fargo is not going to change with you in charge. All right that was an exchange there between senator Elizabeth Warren, tim sloan the wells fargo ceo. We also have to have on cnbc today the companys largest shareholder, Warren Buffett. He said he still has faith in m