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Political. And financial reform political. Step back a moment. The media knew about the trump allegations and trying their relief for maximum damage. Is this a coordinated attack on a candidate they despise and no response to the collusion with the Clinton Campaign, clearly shown in the leaked podesta emails, 26 days to the election. Other news, tom ahawk missiles fired by a u. S. Destroyer and took out three installations in yemen raising the stakes after attacks on u. S. Navy vessels earlier this week and theres a stock selloff coming this morning, more warnings of an october surprise for wall street. Oh, what a day. Varney company is about to begin. I want to get right at it, overnight, Trump Lawyers sent a letter to the New York Times saying the allegations the paper present r printed today are an attempt to smear d ....
And who can go after the United States interests abroad if there is tit for tat on this kind of thing, something the president was talking about when he vetoed this in the first place. Clearly expected in the senate today, luckily in the house tomorrow. This was ratified by both parties by overwhelming, near unanimous, the senate and the house, we will keep you posted, former Virginia Governor and senator george allen will give updates on that. In the meantime getting a read on the fallout here, if donald trump did as poorly as we are told by media critics, the Campaign War Chest has a funny way of showing it. Reports are he raised 18 million since that debate. Tom, Hillary Clinton folks have been raising money as well. I dont know whose figures are accurate ....
Demographic or social factors of people being frauded. Mr. Stumpf i do not know what the intent of these people were. To answer your question specifically, there was no racial or ethnicity difference other than the communities because we try to have people in our banks that represent the communities. We will take that off the table here. As someone who populates a district heavily populated by seniors, i am worried that wells fargo may have preyed on those that were seen as vulnerable. Mr. Stumpf because we actually first, there was no disproportionate. In fact, it was younger people, not seniors if there was any emphasis at all. Ok. To be clear, i do not think sales goals are inherently evil. Anyone who is owned a business there is a reason to incentivize. Your company forgot the most important part. Serve. He people you i am increasingly concerned that this misguided idea of success puts actual customers in the category of least concerns is perpetrated by more than just wells fargo. ....
In a moment. Also if the headlines, chinas anbang withdrawing its 14 billion bid for starwood hotels. That means starwood will be owned by marriott. Well talk about what is next. And an interesting story around the mysterious anbang. Tesla shares higher this morning. Elon musk unveiling the new model 3 in los angeles last flight. He says preorders are already red hot. Welcome. Good to be back with you. Lots to do today. We have to start with the markets, all of the viewers and listeners following that jobs number. Not a great number, pretty good number. Stock market doesnt like it. The market is torn. I think the most important thing left out of all the discussion, new york and california raising the minimum wage big. Thats how wages go up now. It just shows you you have to push them up. The supply of labor force is so big, in part because of digitization. Ge talks about it. In part because of the loss of manufacturing. These jobs are not highpaying jobs, unless you have a minimum wage ....
When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally with a big 3 move up last week. The traditional rally during the last five days the trading year and the first two of the new one is called the santa claus rally. Its been a very reliable trade. Its good for a roughly 1. 4 gain in the s p 500 since 1950. But were off to a rocky start. Decembers usually a reliable up month. Its been up six of the last seven years. But its down actually for the mont ....