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In a german newspaper interview. Durables just ahead of estimates and still looking for definitive headlines out of opec. Inventories at 10 30. Yellen back on the hill answering lawmakers questions about the banks, what shes expected to say about the troubled sector. And speaking of banks, wells fargo ceo john stumpf is forfeiting 41 million ahead of his next appearance on capitol hill tomorrow. And what should you expect as an investor . Shares of nike falling in the premarket on yesterdays earnings numbers. Whats dragging that dow component down . But first, a lot of news involving the banks...

Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt. Joining us is seema mody. Good to have you back. Busy, busy day, markets have gone into the red. We continue to monitor janet yellin testifying on capitol hill. In fact, on that front, lets get back to Steve Liesman on capitol hill. Steve . Its a scintillating issue here on the issue of Bank Regulation and dodd frapg, trying to be a little sarcastic, but she was asked about Monetary Policy and said theres no timetable for raising rates. She expects the Unemployment Rate to fall further and that most of her col...

The first, monday, september 26, on the campus of Wright State University in dayton, ohio. The second debate on a sunday, october 9th, 2016. At Washington University in st. Louis, missouri, and the third and final debate on wednesday. One Vice President ial debate on tuesday, october 4th, 2016, in farmville, virginia. Joining us on the phone this cochair of the commission on president ial debates. Ty for being here. Pleasure. What led to these four universities . Well, in the 2728 years we have been doing this, we do the year before the debates, we send out to all the colleges and universities...

I should know that we an Important Role on the floor this morning, so i, and other members, will likely need to step out briefly to participate. We may briefly paused a hearing proceedings, although sometimes necessary,ot become dependent on the order in which people ask questions. We are here, to discuss the proposed mergers between four of the nations five Largest Health Insurance Companies. In early july of this year, aetna announced it had reached a deal to purchase rival humana. If you years later, a few months later, at them i now sit sigma. L to purchase the Department Justice is curren...

The word imbusineeciles, referro members of congress. But no testimony. The leader of turing chemicals refused to testify today. The man known as pharmas bad boy for raising the price of an older drug by 500 cited his fifth amendment right against selfrecrimination. But as meg reports from capitol hill he was anything but silent. Reporter representatives from valiant pharmaceuticals, fda, and the pharmacy benefits manager industry group, were all invited to testify today at a congressional hearing on drug pricing. But the star witness was the infamous martin shkreli. His former company, turing...