Stokes. You are never more than 7 minutes away from weather and traffic and meteorologist, bill evans. Its humid this morning. Current temperature 75 degrees. Warmer than normal this hour of the day. Wind out of the south today, pumping up the moisture. 74 around white plains. La guardia, 77. Heat advisory starts later today. It lasts through 8 00 tomorrow. But really, thats going to be extended th heat wave headed at us. Those have been working across the five boros. But today, youre going to run into a scattered shower and thunderstorm and youll need the umbrella today and it will be a muggy, soupy day. Tomorrow starts a heat wave. We talk about that next. I overheard her say in the Traffic Center this morning. Yes. Are you kidding me . Heres the newark bay extension, as you go to the northbound side of the turnpike, you have an accident that involves an overturned vehicle. Are you kidding me . Five trains, signal problems, uptown trains are running with delays as a result of that an
Court, are you going to screw them out of that . This is not were taking this very seriously. I told our people will you let them go to court if they want to go to court . Yes or no. Were going to no but with an explanation. No, but. Okay. Thank you. Thats a no. This sham was not an attempt to steal a few Million Dollars in fees from your customer, although thats important. Because you could say that few Million Dollars wasnt material. What was material is the price of your stock. You opened 2 million phony accounts and then went and told and it had to be material because you were brackibrack i bragging about it to the people investing in your stock, that you had higher penetration rates, more accounts per customer, that the number of banking customers that had credit cards had grown from the mid20 up to 42 . So it had to be material. You were talking about it. The peak firings according to your own documents was in 2013, so you knew you had a problem then. Correct. Why didnt you tell
Homicide. Still moving along slowly because if this does go to trial in the spring, its probably going to be a lengthy trial. It is set at the moment for two weeks and the judge talked about having special arrangements for the jury which means in simple english they probably will have more people than usual to come in to sort of lets say audition to be on this jury because this is a high profile case. Yeah. Theyll be one person died, over 100 are hurt after a train crashed into a platform in hoboken, new jersey, today. Passengers say the train never slowed down as it entered the station. New Jersey Governor Chris Christie says most of the injuries are from people aboard the train, not standing on the platform. The woman who died, however, was standing on the platform and was struck by debris. Came in at a high rate of speed, went through the bumper the ceiling out. It was horrific. It was an explosion of concrete dust, electrical wires. We didnt see anything because the lights went out
Into wells fargo ceo over his companys fraudulent accounts. What was his defense and what happens now . Melissa back to the markets. The dow ending the day down nearly 200 points. Goldman sachs, merck, nike among the biggest drags. We have you covered from all angles. Trader Scott Shellady standing by at cme. Lori rothman on the floor of the new york stock exchange. Lori, the dow at one point was down 247 points today. What is driving the selloff . Reporter sell you, melissa, the market crashed at 1 45 eastern when a report came out saying hedge funds that use Deutsche Bank as a clearinghouse for Derivatives Trading business were bailing out of concerns weve been following for a couple days, weeks now, that deutch pang was having Deutsche Bank was having a crash crunch. That the 14 billion fine imposed by u. S. During the mortgage crisis was not being able to be covered. That is started things. The deep fear of contagion rattled all and thats when the selling started taking off. We cam
Europe, germans biggest brought to to mes by american authorities either way we will be affected, welcome to the world of Systemic Risk its back. Opec a deal to get oil prices up will they stick to it jury out oil prize down a faction today. And, of course, Varney Company is all over the election the story this morning number one, media, more apoplectic attacks on donald trump number two, liberate barrierian gary johnson another aleppo moment, three trump goes into attack mode follow hillarys money that crooked woman he says. Just wait till you see what amazon is doing you are watching it now, i have been around a long time, you dont every see anything like that Varney Company is about to begin. Stuart get out of the way from getgo slightly other opening for stocks today, Economic Growth is still well below 2 , that was news this morning, oil consider this please. The saudis opec agreed to production cut, just as 9 11 victims get right to sue saudis a coincidence . We are on it oil dow