headlines, business wells fargo is being punished for failing to provide a plan for bankruptcy. u.s. lenders must give -- a living will. wells fargo has been barred from opening branches abroad and buying nonfinancial companies until it revises its planned or it ibm will hire 20 5000 new staff over the next four years. the company will invest $1 billion in training american workers. as industry come executives are planning to meet donald trump. -- is in talks to buy a biotech biotech firm. it could be worth up to $30 billion. your chance to own your very own piece of the eiffel tower. >> 300 lightbulbs in the landmark have gone on sale online. tower sparkle. they no longer work. they are decorative. they are selling for 450 euros each. belle: this is a genuine icon you would have in your home. >> purely decorative. belle: it is time for the press review. time to look at what is making headlines. joining me, you are starting with the reaction in the french press from the news that eastern aleppo has almost entirely fallen. >> let's start with this stark black and white front page

resolution setting policy to end all business with wells fargo, requesting the controller to conduct an inventory of city business with wells fargo, urging the city attorney and district attorney to investigate the practices of wells fargo and the other big banks, urging the treasurer-tax collector to provide advice on establishing a responsible banking ordinance, urging the director of health to report on the feasibility of revoking the renaming of "wells fargo plaza" at san francisco general hospital, and urging the united states office of the comptroller of the currency to explore if wells fargo's national banking charter should be revoked. >> thank you, and this was sponsored by avalos, and here to present as supervisor avalos is not leer here with us today. >> jeremy, aid to avalos and i will be as brief as possible, understanding the time constraint and maybe i will just discuss a number of amendments that he would request that the committee make. a lot of this is based on the excellent work of the controllers office and the inventory that they have done on the city's financial

they wanted to go to wells fargo first, perhaps they could sweep it under the rug and not have to report it. >> prudential says the employees were not fired because of its business with wells fargo. in september wells fargo acknowledged its bankers created millions of fraudulent accounts to meet their sales goals. >>> if you still have holiday shopping to do, get ready for a big day of online sales. today is green monday. the name was coined by ebay nearly a decade ago to describe its best sales day billion in sales coming in third to only black friday and cyber monday. that makes sense, we're about two weeks away. >> i have to hurry up, i have a bunch of shopping left to to. >> i'll be busy today. >>> as you spend your hard earned money shopping, don't forget you have to be extra careful. >> right, we talked to fairfax county police about the four things to know about shopping safety. if you're ordering bpackages, have then sent to work or a neighbor if you won't be home to sign for them or choose in-store pickup instead. at the mall you can don't overload your arms and keep your cellphone somewhere safe. make sure not to point it downward even for a second eve

resolution setting policy to end all business with wells fargo, requesting the controller to conduct an inventory of city business with wells fargo, urging the city attorney and district attorney to investigate the practices of wells fargo and the other big banks, urging the treasurer-tax collector to provide advice on establishing a responsible banking ordinance, urging the director of health to report on the feasibility of revoking the renaming of "wells fargo plaza" at san francisco general hospital, and urging the united states office of the comptroller of the currency to explore if wells fargo's national banking charter should be revoked. >> thank you, and this was sponsored by avalos, and here to present as supervisor avalos is not leer here with us today. >> jeremy, aid to avalos and i will be as brief as possible, understanding the time constraint and maybe i will just discuss a number of amendments that he would request that the committee make. a lot of this is based on the excellent work of the controllers office and the inventory that they have done on the city's financial

resolution setting policy to end all business with wells fargo, requesting the controller to conduct an inventory of city business with wells fargo, urging the city attorney and district attorney to investigate the practices of wells fargo and the other big banks, urging the treasurer-tax collector to provide advice on establishing a responsible banking ordinance, urging the director of health to report on the feasibility of revoking the renaming of "wells fargo plaza" at san francisco general hospital, and urging the united states office of the comptroller of the currency to explore if wells fargo's national banking charter should be revoked. >> thank you, and this was sponsored by avalos, and here to present as supervisor avalos is not leer here with us today. >> jeremy, aid to avalos and i will be as brief as possible, understanding the time constraint and maybe i will just discuss a number of amendments that he would request that the committee make. a lot of this is based on the excellent work of the controllers office and the inventory that they have done on the city's financial

resolution setting policy to end all business with wells fargo, requesting the controller to conduct an inventory of city business with wells fargo, urging the city attorney and district attorney to investigate the practices of wells fargo and the other big banks, urging the treasurer-tax collector to provide advice on establishing a responsible banking ordinance, urging the director of health to report on the feasibility of revoking the renaming of "wells fargo plaza" at san francisco general hospital, and urging the united states office of the comptroller of the currency to explore if wells fargo's national banking charter should be revoked. >> thank you, and this was sponsored by avalos, and here to present as supervisor avalos is not leer here with us today. >> jeremy, aid to avalos and i will be as brief as possible, understanding the time constraint and maybe i will just discuss a number of amendments that he would request that the committee make. a lot of this is based on the excellent work of the controllers office and the inventory that they have done on the city's financial

they wanted to go to wells fargo first, perhaps they could just sweep it under the rug and not have to report it. >> prudential says the employees were not fired because of its business with wells fargo. in september wells fargo acknowledged its bankers created millions of frud and you lent accounts to meet their sales goals. >>> today aaron schock is expected to be arraigned this court. he resigned last eafter allegations of using government and campaign money for a of lavish lifestyle. guilty plea. they acknowledge bad bookkeeping, but no intent to steal from the government or misuse campaign funds. >>> this morning the white house could issue a new statement on a petition to commute chelsea manning's sentence. manning is serving a 35 year prison sentence for leaking thousands of crass filed documents to wikileaks. at the time she was known as bradley manning. the petition has more than 100,000 signatures. the number requires an official response within 60 days. president obama has 39 days left in office. >>> i think it's ridiculous, just another excuse. i don't believe it. >> president-elect donald trump sunday rejecting the cia finding that russia ride to influen

policies for wells fargo with remedies go from the controller to urge the city department to require wells fargo to have a plan for commissioner melgar's who are engaging in future businesso to further urge the retirement board to urge the city attorney and the don't have to vegetate wells fargo and other banks to urge the tax clerk to establish a responsible banking ordinance and urging the comptroller to exposure if wells fargo national charter should be resupervisor campos. >> colleagues that resolution was transferred a media and a half ago from the scandal is wells fargo bank has been involved in it is tloefrdz if as well bank opened up all kinds of their consumers accounts as far as new account for consumers and credit cards without their concept that constituted fraud in the city of los angeles and city attorney working with the cooler had found a widespread violation and have a penalty one hundred million dollars penalty from the corral of the currency office that is the latest scandal as a result in san francisco our treasurer jose cisneros suspended the effort working with wells fargo and the bank on san francisco program a literacy program in the city prior we

policies for wells fargo with remedies go from the controller to urge the city department to require wells fargo to have a plan for commissioner melgar's who are engaging in future businessrgo to further urge the retirement board to urge the city attorney and the don't have to vegetate wells fargo and other banks to urge the tax clerk to establish a responsible banking ordinance and urging the comptroller to exposure if wells fargo national charter should be resupervisor campos. >> colleagues that resolution was transferred a media and a half ago from the scandal is wells fargo bank has been involved in it is tloefrdz if as well bank opened up all kinds of their consumers accounts as far as new account for consumers and credit cards without their concept that constituted fraud in the city of los angeles and city attorney working with the cooler had found a widespread violation and have a penalty one hundred million dollars penalty from the corral of the currency office that is the latest scandal as a result in san francisco our treasurer jose cisneros suspended the effort working with wells fargo and the bank on san francisco program a literacy program in the city prior

policies for wells fargo with remedies go from the controller to urge the city department to require wells fargo to have a plan for commissioner melgar's who are engaging in future businesswells fargo to further urge the retirement board to urge the city attorney and the don't have to vegetate wells fargo and other banks to urge the tax clerk to establish a responsible banking ordinance and urging the comptroller to exposure if wells fargo national charter should be resupervisor campos. >> colleagues that resolution was transferred a media and a half ago from the scandal is wells fargo bank has been involved in it is tloefrdz if as well bank opened up all kinds of their consumers accounts as far as new account for consumers and credit cards without their concept that constituted fraud in the city of los angeles and city attorney working with the cooler had found a widespread violation and have a penalty one hundred million dollars penalty from the corral of the currency office that is the latest scandal as a result in san francisco our treasurer jose cisneros suspended the effort working with wells fargo and the bank on san francisco program a literacy program in the cit

policies for wells fargo with remedies go from the controller to urge the city department to require wells fargo to have a plan for commissioner melgar's who are engaging in future businesswells fargo to further urge the retirement board to urge the city attorney and the don't have to vegetate wells fargo and other banks to urge the tax clerk to establish a responsible banking ordinance and urging the comptroller to exposure if wells fargo national charter should be resupervisor campos. >> colleagues that resolution was transferred a media and a half ago from the scandal is wells fargo bank has been involved in it is tloefrdz if as well bank opened up all kinds of their consumers accounts as far as new account for consumers and credit cards without their concept that constituted fraud in the city of los angeles and city attorney working with the cooler had found a widespread violation and have a penalty one hundred million dollars penalty from the corral of the currency office that is the latest scandal as a result in san francisco our treasurer jose cisneros suspended the effort working with wells fargo and the bank on san francisco program a literacy program in the cit

well. but the bottom line is we think the big banks have all kinds of business practice issues like wells fargo. we don't want to get involved with that. we don't know what those risks are at bank of america and citigroup. we know they're doing the same practices as wells fargo. it's just a matter of time. by sticking with the regional banks you take out what i call business risk. >> so you don't like big banks. how do you feel about big media companies like, i don't know, disney? >> i love disney. i think media in a massive disruption change right now. in the end content players will come out on top. disney has the best content in sports and the best content for kids and the best content in movies. when you look at that and you say what's the true value and look at the overall multiple of the company versus of the market, i think disney is a very unique opportunity. >> what about espn, is that a drag? >> not at all. as we go into the bowl games this weekend, espn is an asset like no other. i think people's fears about espn are way overblown. sports content is more sought after, more desirable

models -- the way they do their business models is different. wells fargos more weighted to the retail side of the house. what makes us different is we have the largest retail platform in the united states and the largest wealth management business. we go to war with those guys every day. it's extremely competitive. at the end of the day, we admire gom as competitors, but we to war to win against them. our business model is more of a hybrid between capital markets, trading, and wealth management, and retail. each of those is waited a little ghted a little differently. when bank of america bought fleet in 2003 and 2004, we pushed a 10% deposit share in the united states. a law passed that said you cannot acquire if you are above 10%. one of the nice things i have in my life is i cannot make any who has ans of anyone deposit franchise in the united states. my competitors have to think about what is next. i have to think about how i do a great job for the shareholders, customers, and community. it saves us a lot of energy. charlie: what is your five-year plan?

wells fargo, bank of america. how are they different? brian: the weighting of the business models is different. lls fargo is more weighted to the retail side of the house. what makes us different is we have the largest retail platform in the united states and the largest wealth management business. we go to war with those guys every day. it's extremely competitive. at the end of the day, we admire them as competitors, but we go to war to win against them. our business model is more of a hybrid between capital markets, trading, and wealth management, and retail. each of those is weighted a little differently. when bank of america bought fleet in 2003 and 2004, we pushed a 10% deposit share in the united states. there was a law passed that said you cannot acquire if you are above 10%. one of the nice things i have in my life is i cannot make any acquisitions of anyone who has a deposit franchise in the united states. my competitors have to think about what is next. i have to think about how i do a great job for the shareholders, customers, and community. it saves us a lot of energy. charlie: what

been through many challenges at wells fargo, but none of which pains me more than the one we will discuss this morning. practice behavior in our retail banking business goes against everything regarding our core principles, our ethics, and our culture. vision ofunter to our helping our customers succeed financially and it is not representative of wells fargo as an institution. i am here to discuss the situation today and tell you about the actions we have taken and our commitment on how to move forward. our entire culture is centered on serving our customers and in this case, we let our customers down. our retail banking practice issues, the sales issues, are not a reflection of our hard-working, intelligent team forers deserve thanks helping our customers with their financial means. i want to make very clear that we never directed, nor wanted, our team members to provide products and services to customers that they did not want. that is not good for our customers and that is not good for our business. it is against everything we stand for as a company. accept full responsibility for all unethical sales practices in our retail banking business. i am

prudential released a statement saying these employee terminations were entirely unrelated to wells fargo's businesse still reviewing the my term product offering to reimburse premiums in some cases. they also said if we identify any instances where a customer received a product they didn't ask for we will make it right. now more accounts under review. the lawyer for the whistle blower saying she will seek a class action lawsuit for consumers, expected to be filed next week. >> gadi schwartz reporting there. let's get a check on the weather with bill karins. put out your comforters. >> a lot of people are shoveling and scraping cars. a lot of schools closed. this dumped six inches in chicago and three to five around detroit. the pink is where the mix is, the sleet and icy stuff is. right now that's moving through the hudson valley, almost all of connecticut. looks like your snow is just about over with, rhode island your snow is about over with. any treated roads will quickly improve. hartford looks like two inches of snow overnight. now you're at 33 degrees. secondary roads will still have issues.

after wells fargo failed a living will exercise with which is its plan to reorganize if it fell into bankruptcy. the restriction prevent wells fargo from segment up any new international business. the exercise is designed to prevent a repeat of the 2008 financial crisis. and has nothing to do with t wells fargo sales scandal. >>> apple's wireless ear buds ipods are on sale. the original launch in october was delayed. apple was reportedly having a hard time getting them to work. well, they can now be ordered online. they will be available in apple stores next week. they cost $159. air pods are a key accessoryor iphone 7s which don't have a headphone jack, so just in time lose at least one of them within the first three days and it will be hidden in my couch somewhere! >> i lose everything. that is definitely on the list. >> 160 bucks, not cheap. jill wagner at the new york stock exchange, thanks a lot, jill. >>> still to come, a country music icon helps out her hometown. >> we are mountain tough. >> we will show you dolly parton's telethon to benefit fire victims. parton's telethon to benefit fire victims. announcement: this storm promises to be the biggest of the decade. with

allegations that wells fargo bankers signed up customers for prudential insurance without their permission. keep in mind this all comes after prudential earlier today said it was suspending businesswith wells fargo on a whistle blower suit. this adds to concerns surrounding wells fargo and fake accounts. we will keep you up to date on this story. >> wells has been part of the rally that we have seen. this braings back headline risk for them. >> i don't think it is a surprise for anybody buying wells on deregulation. i think it is just a reminder that this will be a little bit of all hands on deck in terms of regulators. every jurisdiction will want a piece of this investigation. >>> getting back to the markets i want to bring in rick santelli. guy had just talked about what was happening with interest rates. so, look, 2.5% on the ten year i think is a two-year high. five year is at a five-year high. are these ceilings or floors? >> i'll tell you what. it feels good to see interest rates rise without a negative response in the equity space. it feels good market wise to see what's going on with respect to all the pieces of lining for real structural change out of the u.s. governmen

policies for wells fargo with remedies go from the controller to urge the city department to require wells fargo to have a plan for commissioner melgar's who are engaging in future businesswells fargo to further urge the retirement board to urge the city attorney and the don't have to vegetate wells fargo and other banks to urge the tax clerk to establish a responsible banking ordinance and urging the comptroller to exposure if wells fargo national charter should be resupervisor campos. >> colleagues that resolution was transferred a media and a half ago from the scandal is wells fargo bank has been involved in it is tloefrdz if as well bank opened up all kinds of their consumers accounts as far as new account for consumers and credit cards without their concept that constituted fraud in the city of los angeles and city attorney working with the cooler had found a widespread violation and have a penalty one hundred million dollars penalty from the corral of the currency office that is the latest scandal as a result in san francisco our treasurer jose cisneros suspended the effort working with wells fargo and the bank on san francisco program a literacy program in the cit

wells fargo, bank of america. how are they different? brian: the weighting of the business models is different. probably between -- jp morgan is more the institutional side of the house and wells fargo is more weighted to the retail side of the house. what makes us different is we have the largest retail platform in the united states and the largest wealth management business. that is what makes our business model unique. we go to war with those guys every day. it's extremely competitive. at the end of the day, we admire them as competitors, but we go to war to win against them. our business model is more of a hybrid between capital markets, trading, and wealth management, and retail. each of those is weighted a little differently. when bank of america bought fleet in 2003 and 2004, we pushed a 10% deposit share in the united states. there was a law passed that said you cannot acquire if you are above 10%. when the bank of america bought fleet, that was the bank that passed. organically and we are up to about 14% or something like that. but you cannot acquire. and so one of the nice things i ha

calling for and denoing the unsafe business practices of wells fargo. >> and far away from where we are but close in our hearts is senator elizabeth warren in the hearing the senate several months ago calling in question many questions and drizzling the ceo john stumble on accountability or in particular case lack of affordability when i think about the banking and commerce of the united states it is pretty very powerful group of men that really, truly rule the banking and finance world and i think this is a small but great opportunity we have to step and break up this anyone open for the best practices practices that have been frankly on the tobaccos of working-class men and women for generations this is an opportunity for this city to call in question the ceo pay supervisor kim have had several conversations about figuring out creative ways to make sure that ceos are not making a disproportionate amount of salaries compared to their employees at the bottom and hope to continue to work with her and work on some wlfks i also want to revive the conversation that supervisor avalos made ab

joined the list a growing list of elected leaders calling for and denoing the unsafe business practices of wells fargo. >> and far away from where we are but close in our hearts is senator elizabeth warren in the hearing the senate several months ago calling in question many questions and drizzling the ceo john stumble on accountability or in particular case lack of affordability when i think about the banking and commerce of the united states it is pretty very powerful group of men that really, truly rule the banking and finance world and i think this is a small but great opportunity we have to step and break up this anyone open for the best practices practices that have been frankly on the tobaccos of working-class men and women for generations this is an opportunity for this city to call in question the ceo pay supervisor kim have had several conversations about figuring out creative ways to make sure that ceos are not making a disproportionate amount of salaries compared to their employees at the bottom and hope to continue to work with her and work on some wlfks i also want to revive the conversa

joined the list a growing list of elected leaders calling for and denoing the unsafe business practices of wells fargo. >> and far away from where we are but close in our hearts is senator elizabeth warren in the hearing the senate several months ago calling in question many questions and drizzling the ceo john stumble on accountability or in particular case lack of affordability when i think about the banking and commerce of the united states it is pretty very powerful group of men that really, truly rule the banking and finance world and i think this is a small but great opportunity we have to step and break up this anyone open for the best practices practices that have been frankly on the tobaccos of working-class men and women for generations this is an opportunity for this city to call in question the ceo pay supervisor kim have had several conversations about figuring out creative ways to make sure that ceos are not making a disproportionate amount of salaries compared to their employees at the bottom and hope to continue to work with her and work on some wlfks i also want to revive the conversa

wells fargo says it is disappointed by the ruling. >>> small business optimism has skyrocketed sincelection. a survey of owners shows the sharpest rise since 2009 with all of the sentiment increase coming after election day. according to the national federation of independent business, small businesses like the idea of a unified republican government, and believe they will benefit from donald trump's plans to cut corporate taxes. >>> eli lilly cuts the price of its insulin drugs for some customers and that's where we begin tonight's market focus. the company said it would slash the retail prices of its insulin prices up to 40% through a new discount program. beginning in january, uninsured patients and those paying high deductibles will be eligible to receive those discounted medicines. the shares rose 1% to $68.64. >>> quest diagnostics is investigating a data breach that compromised the personal information of 34,000 customers. the lab testing company said an unauthorized third party hacked into the company's net would, and obtained lab results and telephone numbers. shares were up

wells fargo account scandal. that story tops our bay area business watch. employees appeared to have signed up customers for a low cost life insurance policy without knowledge or >>> lessa reached a deal in unsatisfied customers, 126 owners in norway will get under $8,000. cheryl sandberg will be attending president-elect donald trump's gathering of tech industry leaders. >> beauty is blasting the state agency for ahowing many uber and lift drivers compared with 1800 taxi cabs. muni would like to see more regulations to handle those services. >>> a controversial additive in the south bay. >> coming up, a move that is a big win in silicon valley. >> could a zero really can be a hero.ds) get zero down, zero deposit, zero due at signing, and zero first month's payment on select volkswagen models. right now at the volkswagen sign then drive event. >>> san jose is no longer the largest city in the nation without fluoride in the drinking water. the natural mineral is in the water supply of 230,000 people in east san jose and santa teresa. parts of campbell and lo

wells fargo account scandal. that story tops our bay area business watch. employees appeared to have signed up customers for a low cost life insurance policy without knowledge or permission. >>> lessa reached a deal incust owners in norway will get under $8,000. cheryl sandberg will be attending president-elect donald trump's gathering of tech industry leaders. >> beauty is blasting the state agency for ahowing many uber and lift drivers compared with 1800 taxi cabs. muni would like to see more regulations to handle those services. >>> a controversial additive in the south bay. >> coming up, a move that is a big win in silicon valley. >> could a pill help >>> san jose is no longer the largest city in the nation without fluoride in the drinking water. the natural mineral is in the water supply of 230,000 people in east san jose and santa teresa. parts of campbell and loss gatos were involved. >> nine out of 20 teeth have cavitys. >> when i see that, you know, i could be prevented. >> the state of oral health for low income children is abysmal. we can do trea

the likes of pnc, sun trust, wells fargo and bb&t close behind. for "nightly business report," wilfred frost, new york. >>> when it comes to predicting u.s. economic growth and other measures, the federal reserve has missed its mark. according to the "wall street journal," for five years now the fed has overestimated gdp growth, inflation, and the unemployment rate. and for five years in a row, the fed's forecast has been wrong. joshua zumbren is a national economics correspondent who wrote about this for "the wall street journal." josh, welcome. you had a very involved chart in today's paper. i'm not sure i understood it completely. but what i did understand was that the fed doesn't seem to be terribly accurate when it predicts what the rate of inflation will be or what employment or growth will be. why do you think this is? >> that's right. they've had a really tough time in recent years predicting what this economy would be like. when you look at what the mistakes have been, they've been consistently making the same mistake over and over. they've been consistently s

wells fargo over customer accounts. this time, it involves prudential insurance. landon dowdy is here to explain in this morning's "cnbc business news." good morning, landon. >> hi there, tracy. good morning. that's right, u.s. insurer prudential will be suspending sales of its life insurance policies through wells fargo until it completes an investigation into the bank's sales tactics. and this comes after a lawsuit was filed claiming prudential had tried to hush up evidence that wells fargo bankers who were supposed to market the low-cost prudential policy to their customers actually opened fraudulent accounts in customers' names without their consent or knowledge. >>> meanwhile, gasoline prices could get as high as $3 per gallon in certain parts of the country early next year. oil prices have jumped well over $50 a barrel after both opec and nonopec members agreed to cut output, leading to higher prices for u.s. drivers. >>> and on wall street, the markets could start in the green despite stocks closing mostly lower on monday. today we're watching the federal reserve closely as the group of central bankers begins a policy me

wells fargo released a survey of business optimism which hit a high, highest level in eight years. that is small businesses. they're reflecting the mood of the country. people are excited about less regulation, less taxes. they're ready to go. this is the missing element, optimism from the business community. it is beginning to build. david: veronica, the point we've had eight years of higher taxes more regulation, they have been piling it on. that is why we've been growing slow. now a businessman for goodness sake, elected president and will cheapen st of doing business. no wonder business is booming. >> a feeling of that shackles are off. people are excited. businesses are hiring more. financial advisors, 20, 30% of the their portfolio in cash on the sidelines. we're hearing them slowly putting some money to work, they're feeling bullish what trump has in store for us. melissa: all right, the president-elect selecting another ceo for his cabinet. he might be about to add one more. fox business's connell mcshane is outside the trump tower with the latest. connell? reporter: hey th

they're selling christmas trees across the street, in front of the wells fargo center. this is a busy place and busy time. it is thanksgiving weekend. it is sunday at lunch hour. remember, everybody's out shopping for "black friday", to the right of us toys "r" us. so the place is packed. this guy figures what better place than to find a victim when everybody's out shopping, so he finds this innocent old lady. she put her purse in her passenger seat, shuts the passenger door, starts loading her grocery and her back tailgate of her suv when she sees this guy who had parked, got out, sees her put her purse in there, opens her passenger door, takes her purse, runs into his waiting suv and guess what she does? she runs after him, tries to run back, get her purse back, she get dragged until she let go. and he takes off. >> were you worried about getting hurt? were you afraid to get hurt? >> ya, ya, little bit. >> what did he take? oh, money, ya, money. >> he also took my mom's purse. >> did you see him at all? >> no. i don't see him. >> when you were loading the packages, did you see him a

a look at the biggest business stories in the news right now. wells fargotied to bad real estate loans. officials say residential capital claim pushed red cap into bankruptcy. wells fargo reached the settlement with the trust overseeing the liquidation, terms of the deal were not made public. temer hasmichel plummeting approval rates. the rigido deregulate labor market with a $9.1 billion cash injection. he announced a package of christmas gifts, including strengthening collective bargaining laws, allowing workers early average -- early access to severed funds, and a new credit are great. next year, the chinese internet giant was responding to a report. baidu says there is no time in place for the ipo. independent growth is going well. that is your business flash update. president-elect donald trump is looking to fill one of the last major cabinet positions before his inauguration next month. they are junior names under consideration for u.s. agriculture secretary. elsa murano and susan combs. they join the running with senator heidi heitkamp. here to talk