Cspan, your unfiltered view of government. Created by campell and 97 and brought to you today by your television provider. The former wells fargo executive testified themselves as the consumer abuses that led to the executives earnings. Members of the House Financial Services committee question the witnesses on their actions at wells fargo and why no one has been prosecuted for the consumer abuses. This is just over two and a half hours. Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do n
All the tech stocks. More on big Market Movers coming up. First, here is what is new at this hour. President trump striking back. He is slamming democratic leaders. He says theyre holding up trade progress during day three of the public impeachment hearings that have been going on on capitol hill. Todays second round of witnesses are giving their Opening Statements as we speak. Well bring you any at all breaking headlines from there. Protests paralyzing hong kong as a tense standoff between demonstrators and police is now about to enter its fourth day. A new round of blackouts expanding in california. When hundreds of thousands are set to lose power. Melissa we have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange. Lawrence edwards and blake burman at the white house. Edward, start with you. Reporter weighing on the market, Business Information coming out of a roundtable in china. It included u. S. Business leaders. Current and former chinese officia
Right now. Welcome to power lunch. Im melissa lee. Stocks are trading in a very narrow range ahead of the fed. At the top of the next hour, the dow managing to hit another record intraday high. The nasdaq trying for its 11th gain in 12 sessions. Apple on pace for its Third Straight day of gains. It is up in the past weekment a number of big retailers also on the move walmart hitting another 52week high it is up more than 8 . Target, dollar general, the biggest winners in the s p right now. We begin this hour at the white house. Justin trudeau will arrive shortly for a meeting with President Trump. Trade, the topic eam eamon javers live. Reporter not a lot of the pomp and circumstance that you see with head of state meetings. We are waiting for Justin Trudeau to arrive any time now there has been a lot swirling around the bhit houwhite house s morning. The president woke up to an article in which thomas barrack, the real estate investor, criticized him saying the president is better tha
This is 9news. Crested butte is proud of its hometown okay athlete, a hometown athlete, a woman who once worked as a waitress. But first we have details on what happened earlier that left people hurt in olympic park. Reporter good evening from a rainy, windy night in rio. First it was the winds ripping off siding on the swim venue, then the green water in the diving venue. Now its an overhead main olympic park. Reporter this was a camera flying over okay park on cables that somehow broke loose and fell olympic park on cables that somehow broke loose and fell. Reporter emma coburn becomes the First American woman to medal in this steam chase coburn has a bronze medal. She grew up in Crested Butte, population 1,500. Elevation 9,000 feet. Its definitely a big disconnect from growing up in a small ski town to being a medalist in the summer olympics. Its definitely an unexpected way to get there. Reporter emmas training partner and close friend Jenny Simpson trained together at cu boulder h
Never goes away. I know how you find the money. Eric holder says Medicare Fraud adds up to as much as 90 billion. The irs says tax refund fraud is as much as 21 billion. I just found you 100 billion of my money leaking out on the sides. Use what you are getting already. Melissa makes a great point about fraud and waste. Washington does not have the political will to take that down. Should we be bearing the cost as well as brave soldiers over there . I think we should. I agree with melissa. There is no such thing as a temporary tax. I understand. The First Federal income tax came in the first civil war and made permanent in world war ii when holding tax was introduced in world war i tax be made permanent. We put a tax in place its going to stay there. 20 of our budget goes to defense spending. 55 goes to defense. If we have Something Like afghanistan or iraq occurs again, once we bump that cap, we are already issuing war bonds. They are treasuries being bought by china instead of 85 mil