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From full global headquarters, this is Motley Full Money. It's the Motley Full Money Radio Show. I'm Chris Ellin joining me in studio this week.

Senior analyst Jason Moser, Andy Cross and Ron Gross. Good to see you. He's always gentleman.

Hey, hey, hey. We've got the latest headlines from Wall Street. We will dip into the full mailbag and as always we'll give you an inside look at the stocks on our radar.

But we begin with this week in CEOs on the move after more than six months of searching Wells Fargo has finally found someone willing to take the corner office.

Charles Scharf is currently the CEO of Bank of New York, Mellon. He takes over at Wells Fargo in a few weeks. Ron.

This really started to seem like a job that nobody wanted. But given the reaction on Wall Street, Scharf and his reputation, it seems like a good hire for Wells Fargo.

Yeah, as you say, it took six months, but a solid choice. CEO of Bank of New York, CEO of Visa, senior executive at JP Morgan Chase and city group. He's on the board of Microsoft. Very well respected.

Has his work cut out for him for sure. This is not an easy job here. First thing he has to do is really make nice with the regulators. And I think hope to convince them to lift the sanctions put on the bank back in early 2018, which really restricted their ability to grow.

Interestingly, his background, specifically his most recent background at Bank of New York, they're not as retail focused as Wells Fargo is. So he may have a learning curve here. So not stepping into a similar role. There's some differences here. But still solid, solid resume.

Yeah, some interesting going to the outside, which is no surprise. I mean, I think they had to do this considering where they are coming from all the scandals they had. They got to bring some fresh blood in here. But I think he is the first outsider to lead Wells Fargo and maybe ever many, many years.

Multi-cats, yeah.

So that's really encouraging. I think for Wells Fargo shareholders and hopefully customers who've obviously gotten the raw end of the stick from the Wells Fargo for so many years.

So hopefully he comes in and really shakes things up. I'm think Warren Buffett and Berkshire Hathaway is a large investor still in Wells Fargo, the largest.

And you know, I just think back to Warren Buffett and the Solomon scandal back in the early 90s and what he was talking about with reputation and losing money and the fact that if you lose money, he'll be understanding. If you lose reputation, he'll be ruthless and hopefully while he's definitely has to work in that room.

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