Yesterdays stomach churning day during which the dow saw its fourth biggest point drop in history. 1,861 points. Equity losses of 2 trillion dollars just shaved right off. One of the triggers from yesterday is the same one thats pulling the oxygen out of todays rally. Worries about a longer recovery and a second wave of the coronavirus pandemic rearing its ugly head. One of the most widely followed economists on the street, in this final hour, what he sees as the biggest obstacle to a more persistent and longer stretched market and economic rebound. Plus, College Football taking baby steps the put the pandemic behind it as players get the green light to begin workouts this coming monday. So could we really see oregon and cal and ucla and yes usc football in the fall . The commissioner of the pac 12 is here in a fox business exclusive. Yes, i will ask, will there be fans . Plus poking fun at the brand new playstation 5 . Portfolio margin protectors and charlie breaks it on the players l
Tonight, Offering Solutions to boost testing and clear backlogs of test results. At one point nearly 60,000 people were waiting for their results. Tonight that number is down to about 13,000. More than 126,000 people have gotten tested in all here in california. While that number sounds high, the governor says its not. Nbc bay areas Marianne Favro live in santa clara with some of the governors strategies to make sure more californians get tested, marianne. Reporter yes. Today, terry, the governor announced he is forming a testing task force. Basically a collaboration between the public and private Companies Like abbott to make sure that more californians can get tested for covid19. So far more than 125,000 californians have been tested for covid19. Governor gavin newsom says thats just a fraction of whats needed, and today he took responsibility for some of the testing lapses. The issue of testing, i own that, and you deserve more and better. Reporter but, he says, several strategies a
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
The committee will come to order. Without objection, the chair is authorized to declare recess at any time. This hearing is entitled holding wells fargo accountable. For the banktive that broke americas trust. I recognize myself to give an Opening Statement. s ceo wills fargo testify about how he plans to end the egregious pattern of consumer abuses. He is now the third wells fargo ceo to testify before this committee in less than three and a half years. I will note each time a wells fargo ceo has testified before this committee, he has resigned as soon thereafter. You have taken on a massive challenge. While i wish you luck, it is clear to this committee that the bank you inherited is essentially a lawless organization that has caused widespread harm to millions of consumers throughout the nation. Opened 3. 5 has million fraudulent accounts in their customers names, which cost consumers over 6 billion, charged consumers for automobile insurance policies they did not need, resulting in