Holding their breath. The road ahead includes selfdriving cars and the government is out with new guidelines to pave the way and ensure safety. Those stories and more tonight on nightly business rep for tuesday, september good evening, everyone, im Sharon Epperson in for sue herera. Im tyler mathisen. Welcome, everybody. We begin with the intense and dramatic questioning of wells fargos chairman and ceo, by the Senate Banking committee today. For once, partisan lines seemed blurred, and republicans and democrats alike flipped the witness like a burner on a hot grill. Never mind that john stumpf began his testimony with an apology. That wasnt enough for lawmakers. They wanted red meat. Some pushed him to resign, others said he needs to be criminally i for his banks creation of as many as 2 million unauthorized bank and credit card accounts. And along the way, there were new revelations. Stumpf said the illegal activity which was believed to have started in 2011 may have begun even earli
Prove it. Got an insanely addictive gain for econ nerds everywhere. Power lunch starts right now. Welcome to power lunch. Econ nerd Brian Sullivan with three hours left in the trading session. Stocks, as you can see, at session lows, mildly in the green. But if this recent trend continues, it may not be for long. Trying to lead the dow higher at this hour, you got merck and other names out there. As you can see, the dow is up just 19 points. Goldman sachs doing okay. And were pleased to have seema mody riding shotgun with us today. Hi, everyone. Im seema mody. Heres what else is up on power lunch at this hour. Housing starts falling more than expected last month after two straight months of gains. U. S. Attorney general Loretta Lynch says this weekends explosions in new york and new jersey are being investigated as an act of terror. And the National Hurricane center says Tropical Storm lisa has formed in the atlantic. It is not expected to make landfall in the u. S. Lots to get to this
Holding their breath. The road ahead includes selfdriving cars and the government is out with new guidelines to pave the way and ensure safety. Those stories and more tonight on nightly business rep for tuesday, september good evening, everyone, im Sharon Epperson in for sue herera. Im tyler mathisen. Welcome, everybody. We begin with the intense and dramatic questioning of wells fargos chairman and ceo, by the Senate Banking committee today. For once, partisan lines seemed blurred, and republicans and democrats alike flipped the witness like a burner on a hot grill. Never mind that john stumpf began his testimony with an apology. That wasnt enough for lawmakers. They wanted red meat. Some pushed him to resign, others said he needs to be criminally i for his banks creation of as many as 2 million unauthorized bank and credit card accounts. And along the way, there were new revelations. Stumpf said the illegal activity which was believed to have started in 2011 may have begun even earli
The broader implications for china coming up. This is a company that already owns a landmark in new york city and youve got another chinese firm already been buying up theater chains around the country. They are making big moves in the u. S. The same company was already just going to buy a portfolio of assets from black rock. Its incredible how much deal making there is out of china. Well get to my interview with Jeffrey Ubben and what he thinks about the ceo of valeant and 21th century fox and netflix and the move in oil. Its all coming up in a cnbc exclusive. The office is stunning, gorgeous. Leave it at that the. Where some of the money went, i guess, how nice for them. Plus, ohio and florida of course the two key primaries coming up tomorrow. Well tell you whether any candidates can potentially beat donald trump in those states and how the results could affect businesses there. Lets start with this story out this morning in chin ease company on a shopping spree in the u. S. Tell us
[inaudible conversations] good morning. The Armed Services Committee Meets this morning to receive testimony on the posture of the u. S. Central command, Africa Command of special Operations Command in the context of our review on oversight of the fiscal year 2017 Defense Budget. We are pleased to welcome our witnesses general austen general rodrigues and general votel. We thank each of you for dedicated for decades of distinguished service and for your leadership of our men and women in uniform. I would like to extend a special thanks to chairman austen and chairman rodrigues as this may be their last appearance before this committee. Our nations most distinguished National Security leaders have testified before this committee repeatedly and we are witnessing the unraveling of a rulesbased International Order and nowhere is this unraveling more than the middle east from north africa to south asia. State authority and the balance of power are breaking down. This emerging vacuum has bee