CNBC’s New York Bureau Chief, John Carney, is calling for Jim Rogers to step down as Barrick Gold’s chairman.
The ETF Daily News talked to media reporter Jon Burkhard in front of the House of Representatives hearing as the morning of the meeting got underway.
>>> Doug Kass is ready to build the new America in the gold field, but maybe not Barrick
The FSG press corps is abuzz from the reports that Jim Rogers isn’t going to be making it to the 2 p.m. US House Financial Services Committee committee meeting on whether to reinstate the Volcker Rule. Rogers, a millionaire banker who is worth $1.5 billion according to Forbes, is on a nine-day visit to North America and not on the media hit list for the House committee hearing. The VYB hearings start at 10 a.m. in Washington DC.
It’s the middle of the morning in Washington, DC on Friday, April 26, 2019, and the committee hearing on Wall Street oversight is underway at the House Financial Services Committee. The Finance Committee members who will be asking questions today are Ohio Democrat Tim Ryan, Washington Democrat Brady, Minnesota Republican Jason Lewis, and California Democrat Maxine Waters.
Under the white oval in the center of the floor, you’ll also find CNBC’s Brian Schwartz and Jack Moore, and Lizzie O’Leary of Bloomberg Television. But fear not, CNBC is presenting four separate trades to close out the trading day in a show you can watch live, right here. All the angles are covered on Barrick Gold (GOLD) – a beautiful silent art piece, just off the building, along with Bank of America (BAC), Invesco (IVZ), Wells Fargo (WFC), and other major banks.
John Carney is calling for Jim Rogers to step down as Barrick Gold’s chairman, after it’s apparent that the chairman, just like the shareholders from the floor, don’t trust the company’s chairman and CEO. Rogers is in the building, but the investors don’t think he should be there. The media crush continues.