>> unh wfc, she has been saying one of the big problems with tim sloan was that tim sloan was part ofing -- devastating 110 page report just left everybody -- threw everybody under the bus. he can't be thrown under the bus. >> he's an outsider. that's one of the key things >> that's -- she can't hit him with that. >> a lot of people said they would have liked it to be female appointment, it is not they do female appointment it's not. >> the report was floated. >> it would have been very, very expensive, a lot more so with google options to buy out, to move across. i don't know what her base salary is at google, but i imagine it's pretty high as well in terms of the salary you've got an outside. you're got someone that ticks the regulatory box i'm just saying that senator warren i'm sure with the pay will get agitated. in terms of the options out there, all analysts said to me it was one of the top five short lists and people thought they were dropping well below that as time had passed. >> given how much time had gone by. >> the idea that they had to move to california. >> i'm sure th

once it took more than three months, six months this week since tim sloan stepped down they started toract someone of this caliber i think this will be seen as a win. >> the huge issue has been that anybody who's taken this role has been a pinata when it comes to congress. >> absolutely. >> any of these democratic candidates running for president because they just think they're going to get beat up that's been something that warren buffet, the major shareholder in wells fargo has made the point that he and charlie munger felt they didn't think it should be somebody with a lot of wall street experience because of the concerns that happen however, you want somebody who understands banking and who knows how to do it coming from visa might be a good thing and bny melon maybe not one of the more incendiary places that might be attracting attention. >> whenever you broke the news of warren buffet's news on that i've been surprised. one aspect that has made it hard for this appointment is they have to get occ approval. >> right. >> when there was talk of oh, let's go get someone from google o

>> i think tim sloan already did that.at wells fargo did was horrendously bad and they deserved to get punished for it meaningfully and they deserved to have the government come in and take major swipes at the different businesses that wells fargo had. but i do think that tim sloan, the prior ceo, was doing that. maria: he was trying, he certainly was. yep. all right. we will leave it there. you like the stock, you said the stock should be bought at this point and we so appreciate your look at charlie sharf on this. good to talk with you. thanks so much. >> thank you, maria. maria: stock is off of the highs but still up one and a quarter percent. staggering new numbers about vaping related illnesses. cheryl casone with details now. cheryl: the centers for disease control and prevention say the number of confirmed or probable illnesses linked to vaping has jumped to 805 you across the country, that is 52% increase from just last week. this as mississippi and oregon each report another death from vaping related illnesses, ra

wells has been struggling to fill the position held by tim sloan.h under extreme pressure from elizabeth warren and others. we're still waiting for reaction for this one >> he was also the ceo of visa he has the experience with the consumer side of the business which is very important for wells fargo. >>> spieder man is swinging back to marvel. agreeing to let marvel produce one more movie this coming after reports of deal renegotiations fell apart this summer after the release of spider man far from home your favorite movie. >> there was a lot of interest among the fans around here but i'm surprised they could come to terms on one we'll see. >>> the canadian green party is apologizing for doctoring teresa may. she was pictured using a disposable cup that's it. it was changed on the right to a line better with the part platform that includes banning single use plastics. she was seen to be holding a reusable cup with a reusable straw. the image on the website removes her hands all together that's what it takes you got to be real careful about what ki

more than six months after former world ceo tim sloan's surprising departure. there you have it. charles scharf taking over at wells. wfc shares topping the s&p 500, as you can see, up 3.5% on that news. bny finding itself at the other end, down as we head into the close. just turning around just a little bit. bny now essentially flat on the day. although no shortage of drama in the startup market, that is for sure. from wework to peloton to the backlash threatening the entire vaping industry, the man who helped mentor grub hub is going to be here next on the dos and don'ts of growing a startup company. "the claman countdown" is coming right back. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a

he was very honest about -- tim sloan had a deal with the fallout.as spoken very vitriolic of him. we have someone coming in from the outside of the bank. i think that is a good touch to say he has his background from jp morgan, he has a background from other institutions but he has not been part of anything in the last 10 years. alix: really appreciate your present -- your perspective. that doesn't for me on "bloomberg daybreak america's." open"?up on "the after the will be joining jonathan ferro. on "the-- coming up open" jack caffrey will be joining jonathan ferro. the latest headline is yemen officials seem to be confirming the saudi officials are issuing a partial cease-fire agreement. the battle is between the saudi's and the rebels that operate in yemen. the rumor is they have some kind of connection to iran, and that is what started this issue where they attacked the oil facilities inside saudi arabia which caused a disruption in the market. if you remove all of that from the market, what is the downside potential of oil? crude off 2%. you ha

wells fargo naming a new ceo, ending a six-month search following the abrupt exit of embattled chief tim sloan wilfred, you have that story >> i do, indeed, wells fargo has appointed charlie shaft as their new ceo. his appointment is a big win for wells fargo, certainly relative to where expectations have gotten to in the six months since sloan stepped down scharf has retail banking experience from over a decade at jpmorgan, payments and fin tech experience at visa, where his share price performance far exceeded s&p financials, but so did mastercard's, and custody and asset management experience where his performance lagged s&p financials, but was ahead of his main rival, state street his farris aim will be getting the fed's asset cap lifted >> the first priority is to make sure we get the regulatory issues behind us, to help create the foundation that we need, to continue the build the company at the same time as i get up to speed, working with the rest of the management team, make sure i understand exactly what their priorities are and how that fits into a broader strategy. and if that means