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July 16, 2024
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 le...
July 16, 2024
Director of the center of the National Independent business. And i am delighted to introduce the vice chair of the white House Counsel of Economic Advisor. Preparing for the session i found that we have a foundational commonality and he is originally from sweden, im originally from minnesota, the land of american. He stopped a bit short of the minnesota border and currently on leave from the university of chicago where he is the professor of Public Policy studies at the University School of Publ...
July 16, 2024
School. Id like to take role at this time. role call . First up is general Public Comment. At this time, members of the public may address the commission on items of interest to the public within the subject matter jurisdiction of the commission, except the agenda items. With respect to agenda items, that will be afforded when the item is reached in the meeting. I had just the one speaker card. Its not me. [ laughter ] no, i know its not you. [ laughter ] its carvallo. Real quick, im from the Sa...
July 16, 2024
Good morning everybody. Welcome. I am president here at csis, and the reason we are kind of rushing is because we only have an hour. We have a wonderful opportunity to listen to these three secretaries. I will be very short. We always start with a safety announcement. I am responsible for your safety today. They have some guys backstage with guns that will take care of that. If we hear anything, followed by instructions, we will take the exits right behind us, go down to the street Near National...
July 16, 2024
The who says theres potential. Whistleblower says federal employee who is were sent to quarantine locationed were put in danger of infection by not having the proper gear. The u. S. Navy orders selfquarantine for ships that have been to highrisk areas, more companies as political battles are waging. Infectious disease expert is here from John Hospital kins will be here with what you need to know. What apple ceo ceo is saying about the coronavirus and company, exclusively at fox business. Days fr...
July 16, 2024
Good morning everybody. Welcome. I am president here at csis, and the reason we are kind of rushing is because we only have an hour. We have a wonderful opportunity to listen to these three secretaries. I will be very short. We always start with a safety announcement. I am responsible for your safety today. They have some guys backstage with guns that will take care of that. If we hear anything, followed by instructions, we will take the exits right behind us, go down to the street Near National...
July 16, 2024
Home builder market, as crazy lows spark a mammoth rush to refi but could rates drop even lower . Mortgage guru barry habib of mbs highway here exclusively on whether you should pounce now or whether you should wait. Opec plus russia, fretting about the deadly contagion as the price of oil plummets. Its no longer if, but by how much the cartel will slash production. Dan yergen is one of the worlds foremost experts on black gold. How low will that go . Dan has an idea. He will reveal it right her...
July 16, 2024
Romain, stocks rising and volatility dropping, so why now . Romaine the good thing, if you are looking for a Silver Lining here is we did not have huge price swings. We had up and down days with swings of 4 or more, something that has never happened since the great depression, so a day like today where we only lived half of a percentage point is considered to be a relief for investors. We saw volatility measures like the vix and volatility measures on other risk assets come down a little bit. Th...
July 16, 2024
Steve leishman alongside us helping us make sense of everything going on what the fed is thinking about all of this. The worst week for stocks since the financial crisis the vix surging, bond yields falling the even new lows. Stephanie link, a minute ago the nasdaq was positive. It went from positive to down 1. 5 in about ten minutes, if that. I know. What does that tell you about sort of where we are is that how a bottoming process happens . Doong we are close i hope so i think people are very ...
July 16, 2024
Well debate that today with Investment Committee bob dimond is here with us today. So is jeffrey curry. He will tell us where oil is likely heading next. Lets welcome in the Investment Committee. Joe is here. We said bob dimond is here the former ceo of barclays bob its great to have your insights today into the collective mix. Your money is on another wild ride you tell me. The dow hasnt gone up two days in a row for more than a month we had a thousands point gain which is 145 points. What does...