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FBN's Diane Macedo on Bank of America announcing its CFO position will now be shared between two executives and a market update.
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Good morning everyone Bank of America has announced a management shake up -- of its key officers -- crowd checking Joseph price are leaving the company.
Both were hired by Bank of America's former CEO Ken Lewis the bank also created a new job chief operating officer.
Which will be shared by to be a they executives.
These changes are some of the most dramatic moves by CEO Brian white hand to reshape the -- -- bank which is lost almost half of its market value this year.
Shares are rising -- on the news in premarket trading.
We're closing in on president Obama's big job speech and he's expected now to propose -- 300 billion dollar jobs package tomorrow.
The plan includes both tax cuts and spending and the two biggest measures.
Are reportedly a one year extension of the payroll tax cut.
And an extension of expiring unemployment benefits reports say the price tag of the package will be offset by other cuts that the president will also outline.
Now let's get the latest on weather from meteorologist Maria Molina and our Fox Business -- Seneca mine -- -- good morning day and we have one good thing going for us today and that's pretty much just dry weather across the Gulf Coast states and just had to deal with flooding from me aside from that we're unfortunately not getting any rain across the southern plains what we really need to help to put out those wildfires she and we're getting more rain across the northeast we've been dealing with flooding sends pretty much springs so expect to see more rain across this area across central Pennsylvania heavy batches of it.
Also moving across parts of upstate New York into Vermont so there are number of flash flood watches and also flood watches in effect across the region and even some warnings -- we currently have ongoing flooding right now.
Otherwise perking -- cannot expect to make -- day and just seen off the East Coast they do plan to see some rip currents and rough -- Thanks very M let's take a look at the commodities now oil and pilgrim makes an have it -- morning oil that gold is down Imus in the morning continues right now on business.
