Senate Banking Committee cherish charred shelby. The committee will come to order. Today, well learn more about the events and the circumstances, that led to the enforcement action against wells fargo by the City Attorney, and the occ and the c. F. Pb. But first today, well receive testify from john stumpf, hes the c. E. O. And chairman, who is was us. Welcome. We will then here from the Los Angeles Deputy cheer whose office was the first for commence the action and finally from the occ and. C. F. Pb. We look forward to hearing from both panels because much remains unclear about what transpired at wells fargo and the regulators response. It appears that wells fargos own analysis concluded that think seanlsd of its employ piece opened more than 2 million account thats may not have been author raised. Subsequent licks wells fargo terminated 5,300 employees and has agreed to pay 185 until fines, and 5 million in customer remediation. Sales dated take show they have been an Industry Leader
Is monday, so once again, my producers will try to stump me with tonights mystery guest. Of that and more, but first, lets hear from my Bloomberg Radio cohost carol massar. A highlight. The founder of Tiger Management says there is a bubble in bonds that will end in a very bad way. He was joined by other Money Managers at the summit in that debt concern markets are overheated. Meanwhile, apple selling 10 million iphones. Yearswas the sale of last 9 Million Units when the iphone were introduced. All right, thank you very much, carol massar. We told you about a 3d printer going into space, and now, that has already happened. The 3d printer was launched aboard a Spacex Dragon capsule, going to the International Space station, and it should arrive tomorrow. The printer could eventually be used to make tools and spare parts for everything in the station. Of course, we will keep you updated on how that goes. And known for space exploration, a new earthly goal, develops software to help child
Lets hear from my Bloomberg Radio cohost carol massar. A highlight. The founder of Tiger Management says there is a bubble in bonds that will end in a very bad way. He was joined by other Money Managers at the summit in expressing concern that debt markets are overheated. Meanwhile, apple selling 10 million iphones. There was the sale of last years 9 Million Units when the iphone 5c and 5s were introduced. All right, thank you very much, carol massar. We told you about a 3d printer going into space, and now, that has already happened. The 3d printer was launched aboard a Spacex Dragon capsule, going to the International Space station, and it should arrive tomorrow. The printer could eventually be used to make tools and spare parts for everything in the station. Of course, we will keep you updated on how that goes. And known for space exploration, a new earthly goal, develops software to help children around the world to read and write. Joining me now is the chairman and executive of th
Coming up, big ackman losing the bid of allergen and over 2 billion on the deal. Thats why the ceo said hes still suing for the back room tactics and valiant hear what was said and if theres moves to close that loophole to engineer a scenario in the first place where he won no matter the outcome. Fascinating story. I mean, just outwitted everybody on that one. Was it ethical . Elon musk warned here that robots may turn on humans. He said it with a straight face. Now, he says it could happen this decade. And by my calculation we have about five years left in this decade. Well tell you why elon is moving up the timetable and look at how real the threat of robots to hubls really is. Yeah. The story yeah. Strange times. Okay. Look, the dow up 16. S p up 2. The nasdaq is a little bit negative and fascinating about the period as they say never short a dull market or what have you, were climbing to newer and newer highs all the while actual volatility in the market at multiyear, sometimes mul
Work rules and safety so we will see what happened and we have new news to report we will bring it to you. Catherine thank you dan. Catherine the word of new bart talks is good news. But for commuters the bad news is right here, right now. Thousands of workers are back in the afternoon traffic trying to get home. Kron 4s Justine Waldman is in San Francisco at one of the most congested intersections. Catherine she has been at fifth and bryant which is a really bad spot we would check and adjusting all little later. Charles clifford is life charles are you there . Yes i am. Long live of people waiting to catch the bus. Long live the cecil all round the corner is waiting to get into the terminal cancer catch a over at the casual car pooling that is where people are sharing cars to get back and forth. I went in to get on that a. C. Transit buses which is the only record, best bus service. Bart shuttle buses rented by bart and a lot of angry people for commuters and students are upset about