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CNBC Squawk Box August 16, 2017

Board. Cac is the biggest gainer of the three major averages up by 1. 1 the dax, up by 0. 9 . The dollar, take a look. Youll see that the dollar is up against the euro, trading at 1. 17 up against the yen at 110. You can check out crude oil prices yesterday a down day for oil you saw oil stocks come under significant pressure this morning wti up by 33 cents to 47. 88 a couple of big stories were watching in the business world, well get to the politics of it all in a second, wells fargo announcing big changes to its board after a tumultuous year for the company. The chairman, Stephen Sanger will be stepping down at the end of this year former fed governor Elizabeth Duke will replace him. Wells fargos two longest serving Board Members are also stepping down. Last night wilfred frost asked incoming chair
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'IL&FS Tamil Nadu power has Rs 3,000 cr of cash and a hurdle to resolution'

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said. ....

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