Ensuring that our Financial System facilitates job creation, Economic Growth, and fairness. Nearly 10 years ago the American Economy cratered. The Great Recession of the late 2000s revealed that our Financial System was fragile and Many Americans got the short end of the stick. In 2010, the democrats passed h. R. 4173, the doddfrank wall consumer rm and protection act. They promised the bill would lift the American Economy. Wall omised an end to street bailouts. They promised to protect consumers. Seven years later we know that these promises never came true. Due to doddfranks wall excessive outs. Regulatory burden, big banks are getting bigger while small banks and Credit Unions are disappearing. They have only been six new Bank Charters since doddfrank, a drastic decline from the 170 on average per year before the bill. In fact, 43 of the banks with assets under 1200 million have disappeared. 100 million have disappeared. Large banks survived because hey can afford armies of lawyers
Session and right now, stocks are in the green and soldly so. Tech stocks the big winners with the nasdaq up more than 1 . Heres a look at the biggest winners right now. Sky works, nordstrom, e trade and Marathon Petroleum with a multipercentage point gains. Melissa . Im melissa lee. Heres what else is happening. Pandora rolling out a new verlgs of its ad free aid owe service that will allow you to replay and skip songs. And julia downgraded to a tropical depression as it weakens off the georgia coast. Trump just wrapping up his speech on the economy. Lets bring in john harwood, larry kudlow and former adviser to the Trump Campaign is going to join us. You can see him sitting behind donald trump. Robert reich is the cnbc contributor and author and steve, the last thing. The fed is political. Wouldnt raise rates even it wanted to because it would be good for obama. Donald trump makes no sense to me. As josh brown just said from the fast money group, if the economy is trouble, why should
A panama law firm called Mossack Fonseca, 11 million documents taken from that law firm, given to a german newspaper, which shared them with a Global Consortium of Media Outlets around the world. In those documents, according to the reporters who had a chance to go through them, are accounts of World Leaders, as many as 12 World Leaders who set up shell corporations using that Panamanian Law Firm to allegedly hide assets around the world. One of the leaders under scrutiny today is Vladimir Putin. His name does not show up in the documents personally, but the names of a lot of his close confidants and inner circle do show up in those documents. The kremlin has already had reaction here and were getting reaction from some of the world capitals to this story. Kremlin saying this report was simply an information attack on russia. Also reaction from the icelandic Prime Minister who is being interviewed by a Television Crew when he was asked about this. He stood up, walked out of the intervi
His first appearance in court tomorrow. On lucas court in san jose,s7 combination of÷unrco disbelief. We doni zejju what happened. We dontr make sensew3ko ofjf÷ug q÷ itcox xdjfcnizvcconr people can h now. Reporter police have yet to release a motive for ther killings but many wonder what would lead the brothers to shoot and kill their brothers. Sources tell us disturbing messages were left at the scene which could help investigators deterigern paxdym exactly went wrong. Killed by an boutsider, anyoe notczv . ;xdr like someg but tgi÷u beni killed by your t reporter co nioutside the y home, more flowers have been added to the memorial. Tomorrowc friendse willsgath v remember the twow3 . ;c victims itcohthacy for their arrest. Police say theyre interviewing several people in relation to an ongoing case but wont elaborate. No one was injured. Turning to our weather now, we have a live look for you from our sutro cam, a beautiful day, still windy. We have a big warmup on the w
Jim . Honor, the whole group. It is a humbling honor, blessed be part of it. Thank you for the great introduction. I can skip part of my talk. I want to go back one step. My granddad was a corn farmer during the Great Depression in colorado. He had to sell out. My granddad left and went north to find a new business. He started making grain doors for the railroad is this. That is how we got started in 1936. I jumped in my children, well my dad. He was six years old then. Now he is 85. We got into halftime, and his you, that is 12 hours a day. Is still hurting cattle herding cattle. My daughter is working in dallas , the halftime incident. Some of you may know about it. Some of the objectives you have here, my son just got deployed. He is heading overseas soon. [applause] it is a lesson i have been given. We started with 15, now we have 480. 300 independent contractors loyal to us, on top of our employee base. Ive been on quite a ride. On company is 80 dependent it. We look uniquely at t