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The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walke ....
Is here. First we start off with the car race heating up as september auto sales come on strong lets get to phil lebeau in chicago. Hi, phil reporter melissa, right now jim hackett is laying out his plan for transforming the Ford Motor Company for analysts on wall street. Here is hackett talking to analysts the mandate here is that ford must compete Companies Never choose to die and yet many, by not evolving, are enabling that kind of fate reporter so whats the Transformation Plan . It really comes down to three things first of all, lean heavily on trucks and suvs, their most profitable vehicles. Steer away from cars as much as possible, theyre not going to dump them altogether but wont be emphasizing them as much. Meanwhile ford will invest more in electric vehicles and less gas powered vehicles, that means le ....
Bloomberg. Governors central bank who may toe the line with the government. The question of Central Bank Independence here. This the first policy decision of the new central bank governor. The government wanted to cut. Thats exactly what they got. The rate to 10 from 10. 5 previously. Lira a stronger turkish because many did expect this move. Other board for you. I arrived in the city of london hours ago. , thanksto the u. S. Open now positive on futures. Dow jones futures up about one point. Here in london, still lower, down by about. 25 . Out, the japanese government 10 year yield, 13 basis points. When i arrived in london this morning, it was remarkable. Yields below 0. 4 on the way out to 40 year that. 40 year debt. David a big story for the markets. We are looking forward to the japanese and centralbank later this month taking more action or not. The European Unio ....
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