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Commanders and the federal Court Monitor recommended that five officers be fired and she xonl rated them. Reporter graduates of the 183rd class were sworn in this morning. Young faces full of optimism joining the departent with the dubious history. Seven Police Chiefs in 11 years. The latest casualty, chief ann kirkpatrick, the citys first female chief hired three years ago and fired last night. My decision yesterday was extremely personally difficult for me. I made it because i believe it was in the best interests of oakland. Mayor libby shaf addressing the class. She and the picks holding a special meeting deciding to terminate kirkpatrick. Leaders will could that will and go. Im on my way out in a little more than two years myself. The mission of this department, the commitment to serve the people of oakland have never waivered. They lost three chiefs in year. Kirkpatrick oa ....
Created at the bank over many years. Authorities stay bank will pay 3 billion in penalties. Good evening. Thanks for joining us. Todays announcement comes four years after we first learned of the banks Marketing Strategy which attorneys say wells fargo claims is based on products they actually needed. In truth, however, the cross strategy and pressure from leadership of the Community Bank to meet aggressive sales goals led to widespread abuses, unethical conduct, and illegal activity that resulted in millions of accounts being fraudulently opened for customers. The settlement covers wells fargo as a company. Individuals who violated bank laws could still face more punishment. Thats right. And it doesnt do away with all the companys problems. It is still under probation with the Federal Reserve and faces other invest ....
You have a big loss at Deutsche Bank. Take a look at this, the first down week to have year. Dow futures falling 227 points. Volatility reintroduced to our markets and we see in the bond Market Investors keeping close eye as we have been on Interest Rates, there we are, above 2. 8. Upset that it quickly went away from us. Lauren we were just talking tag about Deutsche Bank, if you look at dax falling 1. 3 as a result. We do have good news out of Tech Companies, that could be bad news for rivals in asia, samsung, down about 1 . Lauren ugly day for investors and ahead of the super bowl, the preawkward moment talking about his son. You would support if he wanted to run rounds in the nfl. He would never play footba ....
Exactly to where we should be defaced the environment that we have, to face the regulations and forces that we have. Francine this is bloomberg surveillance. Francine lacqua at london, tom keene in new york. We have to look at banks and of course the political system in the u. K. Tom i agree, United Kingdom politics is front and center. We will have a little bit in the 6 00 new york our as mr. Sanders i believe is going to endorse secretary clinton today. Feel and youbetter really wonder if brexit is moving on to a new stage. Lets now get to the bloomberg first word news. Nejra theresa may now has just two days to build a team to rescue the u. K. From its worst political crisis in a generation. She is going to replace David Cameron by tomorrow night and will need to decide fast who will be in charge of negotiations to leave the eu and will lead to elect someone to steer the ec ....
Financials are pushing us down and were seeing some pressure in the commodities, all three major averages off, not huge decline but indeed to push us lower for the week. One of the things we have seen in this week is low volume. That continues today. We could see once again one of the lowest trade voice mail days of the year. Here is volume by the various groups in the s p 500, utilities seeing the biggest drop versus the 20day average. As you can see, all of the bars are negative once again today. That means as the declines generally that we have seen in price means that were once again seeing the s p lower. The dow squeaking out a gain, but at times during the day, it was negative. The recovery in the s p 500 was shortlived, one of the themes we have been talking about in todays session is whether stocks are stuck in neutral here. The white line is the s p 500 going back to 2015. We did have a lot of volatility in the fall, late summer going to the fall of last year and then of cours ....