1 10 of 1 . Minor gains for the australian and china markets for the shanghai composite. Situation with regards to the equity markets, what about some of the other Asset Classes and play . We can have a look at those. Take a look at the oil prices, retreating at the moment. You need currently, what, 41 essentially for a barrel of wti, 41. 09, moving to the downside. Stockpile to the upside. Gold not much of a haven, dollar index moving to the upside, the dollaryen currently stronger. It has been moving quite rapidly to the upside. . 11 currently for one greenback. The sec is pushing ahead with a plan that could see chinese come these kicked off of u. S. Exchanges. The intent to cap crackdown on companies that dont comply with rules that require an audit. That could hurt big names like alibaba and baidu. Tom, it looks like the sec is in a hurry. What is it proposing . Tom absolutely. The since we are getting as they are stepping up their preparations for this new Legal Framework that ag
Also his rhetoric reiterated when it comes to china, saying china should have kept the virus where it was and could have stopped this virus spread. These are the latest lines coming through, the president saying trump the u. S. Can deal with the flareups. We are seeing with stocks we are basically coming off some of the lows but still heading lower today, u. S. Futures extending losses to more than 1 now. Jakarta coming online. We have a Bank Indonesia decision today, expect some type of rate cut. When it comes to india we are watching the standoff on the border with china. Besides continue to talk. They are pledging to deescalate after the deadly clashes. Here is what we are watching out for, not a lot of catalysts. Looking at the dollar, it is very much on the stronger side and youre seeing the likes of the aussie dollar reacting to those unemployment numbers which was a big miss. U. S. 10year yield, seeing bonds that are up as well and the china 10year yield is what we are watching
Im still going to welcome to the program more than a 1000000 people around the world now have confirmed corona virus infections and 50000. 00 dead one country with a relatively low infection rate is india with only 2500 confirmed cases amongst a population of 1300000000 a 3 week nationwide lockdown was introduced last week in a video Message Broadcast on friday Prime Minister Narendra Modi tried to bolster the countrys morale. Why are there. On the 5th of april at 9 pm and light candles lamps and tortures for 9 minutes yarrow but when everyone around you lights one lamp each we will feel the great power of the light because it was my heart it will become clear that all of us are united in this fire. In this light i must remember that we are not alone. Just well joins us from the indian capital welcome to misha did mr modi speech include any concrete Public Health protection measures. For the shot on friday is no the Prime Ministers school think about the need not to get this one didnt
[inaudible conversations] this committee will come to order. Without objection the chairs authorized to declare a recess at any time to be entitled Holding Wells Fargo Accountable the bank that broke americas trust i recognize myself for four minutes to give an Opening Statement. Today wells fargo ceo will testify before the committee about how he plans to and wells fargo egregious pattern of consumer abuses. We invited him to testify before this committee the last three and half years. We will note each time a ceo has testified before this committee he has resigned they are soon after. [laughter] you are taking on a massive challenge i certainly wish you luck it is clear to this committee that the bank you inherited is a lawless organization has caused widespread harm to millions of consumers throughout theor nation. Ells fargo has opened three. 5 million fraudulent accounts in their customers names which cause consumers over 6 million charged consumers for automobile insurance polici
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 customers names which ca