Warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turn has the Banking Sector as these Companies Start defaulting big banks including j. P. Morgan city Group Wells Fargo and goldman are down between 9 to 13 percent today as the selling pressure intensified across all sectors u. S. Markets triggered a 15 minute halt at the am the dow fell over a 1000 points as investors continued to seek safer assets the yield on the 10 year dropped below 0. 5 percent for the 1st time ever in the history crude prices have become a bigger problem for the markets than the coronavirus now as it will be virtually impossible for the s. N. P. To bounce when the Energy Sector is down 15 percent interesting way enough gold that defacto safety asset is not spiking instead it is trading flat someone down indicating that people are selling with. Well prejudice this type of broad based sell off is indicative of a cash crunch and that leverage funds are rec
Thank you for your patience. Without objection, this hearing is entitled holding wells fargo. Agree just pattern of consumer abuses. I recognize myself for four minutes to give an Opening Statement. Today, we receive testimony from Miss Elizabeth duke, and mr. James quigley, who until later this week served as chair of the board of directors of wells forego and company, and Wells Fargo Bank respectively. Both have resigned after a call for the resignations. Following the release of a scathing majority staff report on walls far goes compliance failures, and their individual failures as Board Members. The resignations dont absolve meant them of their failures. Directors at wells fargo and institutions across the country must understand that they are the last line of defense when it comes to protecting their companies shareholders, employees, customers. While missed duke and quickly state they resigned to avoid distraction and quote let me be clear, this is not a distraction. We are exami
Members of Congress Questioning witnesses on their actions and wells fargo and why no one has been prosecuted for the banks consumer buses. This runs two and a half hours. Thank you for your patience. Without objection, this hearing is entitled holding wells fargo. Agree just pattern of consumer abuses. I recognize myself for four minutes to give an Opening Statement. Today, we receive testimony from Miss Elizabeth duke, and mr. James quigley, who until later this week served as chair of the board of directors of wells forego and company, and Wells Fargo Bank respectively. Both have resigned after a call for the resignations. Following the release of a scathing majority staff report on walls far goes compliance failures, and their individual failures as Board Members. The resignations dont absolve meant them of their failures. Directors at wells fargo and institutions across the country must understand that they are the last line of defense when it comes to protecting their companies s
So what weve got to do is identify the threats that we have its crazy Going Foundation let it be an arms race is on all sides very Dramatic Development only mostly im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Join me every thursday on the alex so im unsure when ill be speaking to get off of the world of politics sports business im show business ill see that. Global markets plummet amid widespread talan and this time while at the culprit this does boom but the one business show you cant afford to mess im christiane and im bridgeboro in washington coming up the market bloodbath rages on amid infection fears and oil has stalled with prices dropping below 40. 00 a barrel we take a look at the big picture and what the future may have in store. And the World Health Organization says the possibility of the corona virus becoming a pandemic is the very real well break it down and discuss what can be done to control the spread of the
To pipeline to germany by flooding the market and sinking prices russia sees an opportunity to crush the us shale industry which is dangerously levered to the hilt russia is also fed up with cutting production outputs time after time while us shell producers each time up production to fill in the market as a result saudi arabia cut its crude price as much as 6. 00 to 7. 00 per barrel and is looking to raise its daily alpo by as many as 2000000. 00 Barrels Per Day as it too is ready to fight for market share in the u. S. Oil and gas industry is facing attack from 3 sides falling prices from reduced demand a Global Movement to divest from fossil fuel and crushing debt loads the industry has about 86000000000. 00 a rated do the next 4 years and as analysts have warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turns has the Banking Sector as these. Companies start defaulting big banks including j. P. Morgan city Group Wells Fargo