Good afternoon, everybody. And everybody who is looking at us virtually and everybody in the security line trying to get in and everybody who will be watching us sometime soon on a cable network. I am jane harman, president and ceo of the Wilson Center. Today we are probing a complicated issue that is bedeviling policymakers all over the world. At least three parts of the china, and the u. S. , the 5g supply chain. Produced, center has at me get my prop, this is spectacular policy brief by melissa. There is moreled, to worry about then while way. I think you get the gist of this. Walk to get this and read it. Meanwhile what captures the attention around 5g is the china has developed superfast networks which will power edge technology. Since Chinese Companies are required to comply with information request from Chinese Intelligence Services, officials are concerned companies who want to incorporate this Chinese Technology will and up compromising their data and data of their users. Beer
Study, with little bouncing around in a narrow range. The same goes for race as well with the 10 year yield down three basis points. Inare seeing a little drop and theres broad expectation the fed is not going to be changing rates after tomorrows decision. If you look at the bloomberg, we have those rate expectations mapped out priced into the fed funds future. Now priced at around 30 with a chance of an increase at the meeting. Sense onnusual in the the part of some of the primary dealers, two of them saying we will see an increase in rates. Uncertainty of going into the meeting and the bank of japan is the other factor when it comes to the central bank decision. We have been watching the ceo of wells fargo testify today, john stumpf saying he regrets what happened. He shouldwarren said leave the bank, yet shares are higher by 2 . Morgan stanley upgraded shares, saying they are inexpensive right now. Of the late day movers we have been watching is lamarr advertising after one analyst
And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram pandit. He was succeeded by michael corbat. The bank nearly collapsed during the crisis and ultimately received bailouts totaling 45 billion, money that citi has since repaid. Roben farzhad has long watched the changes at citi for Bloomberg Businessweek and joins us again tonight. Roben, welcome. Today we heard that stocks soared on the news of these layoffs. What does that tell us about what was
And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram pandit. He was succeeded by michael corbat. The bank nearly collapsed during the crisis and ultimately received bailouts totaling 45 billion, money that citi has since repaid. Roben farzhad has long watched the changes at citi for Bloomberg Businessweek and joins us again tonight. Roben, welcome. Today we heard that stocks soared on the news of these layoffs. What does that tell us about what was
Many of them dying because Ocean Temperatures are rising and the waters are more acidic. I remember seeing fields of elk horn coral that you couldnt see through it and you couldnt see beyond it and those same areas are dead you know 99 dead. Ifill and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. Woodruff thats all ahead on tonights newshour. Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two mont