John Stumpf, chairman and CEO of the Wells Fargo & Company, testifies before the Senate Banking, Housing and Urban Affairs Committee September 20, 2016 in Washington, DC.
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A daily morning look at the financial stories you need to know to start the day.
STOCKS/ECONOMY
-Stock futures are sharply down after yesterday's flat close. We get the weekly jobless report this morning along with import price data. Delta Air Lines is the largest company announcing earnings this morning.
-The average American has $3,600 in credit card debt, according to a new report.
WELLS FARGO MESS
-Wells Fargo CEO John Stumpf is retiring effective immediately.