Thank you for your patience, without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled holding wells fargo accountable, examining the role of the board of directors in the banks egregious pattern of consumer abuses i now recognize myself for four minutes to give an Opening Statement. Today we receive testimony from ms. Elizabeth duke and mr. James quigley who until earlier this week served as chair of the board of directors of wells fargo and company and Wells Fargo Bank respectively. Both have resigned after our call for their resignations following the release of a scathing majority staff report on wells fargos compliance failures and their individual failures as Board Members. But their resignations do not absolve them of their failures. Directors at wells fargo and institutions across this country must understand that they are the last line of defense when it comes to protecting their companys shareholders, employees and cust
It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai
A closer look at the things you might need to get ahead in the Business World 1st of all we need to look at what those people who do well in their jobs happen comit into pens in the workplace but in an office or a Research Environment its important to have good Language Skills a fair dose of curiosity some creativity and an ability to absorb information and its relevance in short it helps to be smart but what if your overly intelligent its not always a blessing my colleague has met up with some gifted young people and their families. Some highly intelligent people do Amazing Things play the piano like a pro as a child skippy is at school all songs math problems in the blink of an eye gifted people. And score highly on i. Q. Tests most people have an intelligence quotient of around 100. 00 only around 2 percent of the population has an i. Q. Higher than 130. 00. So how does the Education System deal with them. Hon and her brother philip or her sing for a concert. That last performance o
What is behind this a rally . Can it continue . Good morning, gentlemen. Paul, ill start with you. Valuations getting stretched here im a little bit worried about the valuations in tech, and ive been at this game a long, long time. Fundamentals are okay. Fundamentals might even be accelerating a tad from last year but when you take a look at the valuations of some of the marquee names that you mentioned in the teaser, particularly tesla and apple, im worried interesting okay joel, how about you . Given some of the names we just mentioned, in your coverage universe, what do you like the most at these levels good morning. Thanks for having me on. Obviously with tech you want to be a lot more selective and who the winners and losers are going to be. I think apple is to the upside, but 13 times to 24 times the span of 12 months is getting a little rich. I think the 5g hype could get a little ahead of itself, especially 5g as a utility is limited in the foreseeable future i look for names i
Common it depends on the workplace but in an office or a Research Environment its important to have good Language Skills a fair dose of curiosity some creativity and an ability to absorb information and its relevance in short it helps to be smart but what if your overly intelligent its not always a blessing my colleague has met up with some gifted young people and their families. Some highly intelligent people do Amazing Things play the piano like a pro as a child skip years at school all songs math problems in the blink of an eye gifted people often score highly on i. Q. Tests most people have an intelligence quotient of around 100. 00 only around 2 percent of the population has an i. Q. Higher than 130. 00. So how does the Education System deal with them. Hon and her brother philip or her sing for a concert. That last performance on a cruise ship was a success. We thought it would be a flop and nobody would come and listen in fact a 1000 people showed up for the concert in concert. T