Out of millions of dollars. Medawar was extraordinarily, um, good at what he did. He was the consummate con man. [ music ] i would ask the, uh, witnesses to, uh, rise. Andand raise your right hand. In the summer of 2002, a ceo is called before congress, grilled about why his company has gone bust, and why shareholders have lost a total of 180 billion. Each of you is now under oath. Good afternoon, mr. Chairman. I served as ceo of worldcom for 17 years. During that time, i helped a Small Company rise to one of americas largest corporations. Bernard ebbers, former ceo of worldcom, symbolizes an era of corporate greed and fraud. Worldcom is one of the fastest Rising Companies in u. S. History. And one of the hardest to fall. The year is 1983. At a diner in the small town of hattiesburg, mississippi, local businessmen meet over coffee and donuts. Ma bells monopoly on Long Distance is breaking up. The businessmen see an opportunity to get in on the Long Distance game. In the early days, the
Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or
media media messages revealed. it discussed that ramos being a school shooter reporter: the potential warning signs that went unrecorded protests outside the nra convention in houston. as lawmakers inside stand by the gun group. awaiting a verdict in the johnny depp/amber heard defamation try top gun eyeing a record at the box office and why your next straw could be made from seawseaweed. announcer: live from cnbc, the facts, the truth, the news with shepard smith good evening police made the wrong decision they should not have waited an hour to storm a classroom and kill the gunman who slaughtered children and teachers at robb elementary school in uvalde, texas. that is the stunning admission today from the head of texas law enforcement. the director of texas department of public safety says officers waited outside the room even though young students were trapped inside with the killer, and were even calling 911, desperately pleading for help. from the benefi
overnight. the market bounce back, stocks bounce to a higher open after friday s 600-point rout, despite the chinese suffering biggest declines in years. coronavirus claiming more than 360 lives, more than 17,000 confirmed cases worldwide and the question for the markets is just how fast could this spread around the world and hurt the world economy? and facebook ceo preparing for a backlash, what the social network is planning and why mark stuckerberg says it s going to piss a lot of people off. stocks are looking to recoup some of friday s big losses. the market impact of the coronavirus was evident in china overnight. the first trading day since the new year holiday, shanghai closed down nearly 8%, wipes out nearly 400 billion in market value. friday s sell-off drove the dow and s&p into negative territory for january. the nasdaq up 2% for the year but everybody s talking about the degree to which china s shut down and how responsible though are for global growth. i