she is replacing stephen sanger. two other board members are also stepping down. earlier in a conversation with her last night she said the worst of the tumultuous past year is not behind them yet from. >> maybe hedging a bit >> maybe hedging, new chair penn coming in, wanting to reset expectations to make it easier to make gains. contrary to what we've heard over the last six months between stephen sanger >> just to keep track of the scandals, there was the fraudulent account scandal, then the auto financing scandal >> which is the -- the new kind of revelation from them. i think the implication is not so much that the ycross-selling scandal is not halfway behind them, but with all these increased risk management practices they're going in for, they're finding other problems if other banks were doing the same level of investigations, they might find problems >> watch wells fargo today and shares of urban outfitters getting a nice pop after an earnings beat last night landon dowdy has more. >> reporter: shares of urban outfitters moving higher after the retailer b

the new chairman to replace stephen sanger.asco standing by and she will have more on that. it will be really interesting to see what happens with wells fargo with the new leadership on board. >> good morning, ladies. wells fargo named betsy duke has its next chairman, making the first woman chaired the u.s. bag. duke will take over january january 1st 2 came on as a nonexecutive chairman in october. after the board fired if i feel following the massive scandal. set to retire in 2018 so it's unclear why the date was moved out. cheryl: another big story here. 5:00 somewhere. ryan air want to limit alcohol consumption in airports nearby they want to do this? >> this isn't a bad idea. asking u.k. airports to enforce a two-day limit after an investigation shows passengers has risen by 50% in a year. a total of 387 people arrested between february 2016th of february 2017 up from 255 the previous year. also urging airports to ban the sale of alcohol before 10:00 a.m. it is our duty and customers from drinking duty-free alcohol on boa

duke will replace chairman stephen sanger on january first. it created some two-million potentially fake accounts... and more recently, wells fargo apologized for charging more than half-a-million customers for car insurance they did ánotá need. ( darya ) coming up on the kron four morning news... the espn fantasy draft show that set america back 200 years. we'll talk about what gary and the big sports superstars think about it. and a stanton blast past mad bum for a home run, can he blast past barry bonds? the world according to gary is in a few minutes. and. construction for the tallest building in san francisco is almost finished... we'll tell you why it's being criticized this morning. after the break. a major hot in elcerrito on wb 80 at carlson an accident blocking cleared. slow traffic out of richmond. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. golden gat bridge drive time less than 30 min from 37 to the toll plaza. ( darya ) construction workers are putting the finishing

the chairman, stephen sanger will be stepping down at the end of this year former fed governor elizabeth duke will replace him. wells fargo's two longest serving board members are also stepping down. last night wilfred frost asked incoming chair elizabeth duke whether she was confident the bank's recent turmoil was over she said it's hard to say but what we're finding is the better we get at digging deeper and looking at various processes the better we get at risk management, the more issues we might identify overtime the new information revealed will lessen, but it's not the time to say we've found everything and it's all behind us a lot of people reading into that, that that means there's more to come re/code reporting early uber investor calling on benchmark capital to leave uber's board. pishevar is accused of working with another major investor to remove kalanick and huffington from the board pishevar is suing kalanick and then in earnings news, shares of urban outfitters moving higher. the retailer posting earnings of 44 cents per share, compared to 33 cents same-store sales fell 4