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The committee will come to order. Without objection, the chair is authorized to declare recess at any time. This hearing is entitled holding wells fargo accountable. For the banktive that broke americas trust. I recognize myself to give an Opening Statement. s ceo wills fargo testify about how he plans to end the egregious pattern of consumer abuses. He is now the third wells fargo ceo to testify before this committee in less than three and a half years. I will note each time a wells fargo ceo has testified before this committee, he has resigned as soon thereafter. You have taken on a massive ...

A business. Global stocks have continued their freefall as the number of coronavirus cases surpasses 100000 the spread is threatening economies around the world and forcing governments and Central Banks to step in with economic stimulus heres a recap of whats been a turbulent 2 weeks. Its been the worst 2 weeks for global stocks since the 2008 financial crisis from wall street to tokyo investors are facing a global epidemic that could have just asked risk consequences for the Global Economy and the u. S. The Dow Jones Industrial average fell more than 10 percent over the past 2 weeks stocks ha...

President trump meeting with Bank Executives right now at the white house about the state of the economy, amid the outbreak. Well bring you the president s comment from that meeting as soon as we have them. We have fox Business Team coverage. Jackie deangelis is on the floor of the new york stock exchange. Edward lawrence is outside of the west wing. Phil flynn watching action in oil and gold at the cme. Jackie, first to you. Reporter melissa, good afternoon to you, when i say the new normal expect the seesaw swings, it is not really an exaggeration. Tensions were high on the floor today, trad...

And managing it in a very difeated differently because the person is going to get more points for the higher value. He should not be treated differently. Thank you. And im sure i yield back. The gentlewoman from california is recognized for five minutes. Mr. Scharf have you seen the movie herald and kumar go to white castle . There is a famous scene in that movie where kneel Patrick Harris borrows the car and completely trashes it. Wells fargo lets monies to customers get a car and they want them to protect that car. The collateral, the value. Theres always the kneel Patrick Harris risk. Crash...

[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. This is ang issue that hits cle to home. Last summer a dreamer from illinois filed suit because he w...