♪. stuart: i repeat the question, in which year did google launch? 1994, '96, '98, 2000. ken a guess. >> i say 2000. stuart: 2000. ashley, what do you say you? >> 1996. stuart: i go with 1996 as well. what is the answer. 1998 it doesn't go on the stock market until two thousand four. started in 1998. confusing. ken, ashley, good stuff. "varney & company" done for the day but "coast to coast" starts now. neil: pack it in. pack west going south, taking a lot of other regional banks along with it. so much for the bank bounce?

fox on top after slow moving contagion that won't stop even as we learn put a stop to first horizon and td bank hooking up. that deal off. why a top banking experts says it is about nervous depositors bolting, how more nervous regulates are responds you think the republican nomination is donald trump's to lose florida governor ron desantis has more than 100 million reasons to bet you're wrong. forget the polls. follow the money. i'm neil cavuto. this banking free fall led to a stock market free fall, the dow session lows south of 435 point selloff. let's get the latest from grady trimble on what has investors seeing all this red. hey, grady. >> reporter: neil, coincidentally lawmakers on the senate banking committee are holding a hearing as we speak on

the failures of signature bank and silicon valley bank. this is happening while other banks could be on the cusp of collapse. you mentioned pack west off the top. it is shares as well as shares of other regional banks are getting batter batted after pac west is weighing all options, including a sale. td who are rise and horizon call off their deal claiming long regulatory process. that is adding fear small banks have lost another lifeline they could need. despite all the developments, fed, white house, lawmakers on the hill insist the banking system as a whole is safe and sound but democrats and republicans disagree on some of the causes of the three failures so far. republicans in part blame president biden. democrats want stricter regulations on the banks and their executives.

>> there are a lot of people who are saying who else, what other management teams did the same kind of load up on risk, pay themselves giant bonuses and are sitting out there with banks that may succeed or that may fail. >> what is obviously true a number of banks have gotten way too exposed to high interest rates. why do we have high it rates? because the biden administration fiscal policies caused a 40 year inflation crisis in our country. >> reporter: a gallop survey conducted before the first republic collapse found nearly half of americans are boreried about their money in banks. i asked the chair of the senate banking committee, senator sherrod brown, a progressive democrat, about that survey and whether it's warranted that fear of americans in the banks is warranted. he told me that banks in this country, mostly are safe. neil. neil: that is not exactly

reassuring. mostly safe. yeah, we got a couple that might not be, man, oh, man, thank you, grady trimble on capitol hill with that. by the way we're seeing interest rates just go into free fall here. 10-year note down a little north of 3.31%. a month ago, remember that thing was comfortably over 4%. that is telling you something about a slowdown or something worse, that the markets are fearing. often times markets can be wrong. it is worth looking at. larry grazer with us now. what do you make of that? >> neil, another day, another potential banking collapse. we're in the midst of a major banking crisis in this country. we also have a crisis of confidence fueling the rally you're actually seeing in bond yields. seeing the rally as rates decline in 10-year-year-olds. at the same time the federal reserve is raising rates. so you have some really unintended consequence of policy coming out of washington. so act one of this banking crisis, which we're still in the middle of was money flowing out of banks, hundreds of billions of dollars, virtually overnight

on peoples cell phones as the money goes to pay for the federal debt, $31 trillion. so the government is competing with those local banks for those deposits and the banks can't come compete, act two is the commercial real he will stays crisis. more is head. half of americans inflation is worse renning, fed is raising rates. all conditions still in place. as you mentioned the "gallup poll," half of americans say des pots are not safe. the 20% that do, don't have any money or money in too big to fail bank. that is where we have our money for clients. that is the pom. washington regulation is completely misguided. it is fueling the problems, creating more problems down the road that depositors will have to pay for. neil: latest wave of bank stocks under pressure, they are about institutions that don't have any real problems. what they could be suffering

from depositors maybe it is better, safer in a bigger bank. it kind of speeds on itself. too early to tell but what do you think? >> it is interesting after the financial crisis the whole point of regulation not to create these megafinancial institutions. when you lose small banks you lose a connection to the community. you lose the local lender. you lose a lender who will be more inclipped to lend on a local home. you're creating bigger banks, exactly what the regulators said they couldn't do. in the case of silicon valley bank, you have relatively elitist institutions, first republic was largest lender in the country. they led to wealthy people. pac west is on the edge, based in beverly hills, they're not based in ohio or michigan but beverly hills. but the depositors in iowa and michigan will have to pay for the mess through -- neil: only reason i say that,

regard le they're based the issue becomes whether small and regional banks have a future. many look at this, say have tens of thousands of them across the country. do we need that many? i don't know where you stand on this, people had no problem with the regional, smaller bank, this are no issues there, there are no issues right now, they're thinking the better part of valor to jump into a big bank, at least there they can sleep at night, saying they don't feel the same way at their bank. that can have a number of implications. >> no question. look, there are nearly four thousand commercial banks in the united states. there will be far fewer when this is over. for the consumer, you do have less choice, right? the big banks will not be as aggressive on mortgage rates, think will not be as aggressive on deposit rates. at the end of the day, there will be less banks, less choice, less credit available for local communities and main street. that is the free market working.

it is bad regulation and bad policy favored large financial institutions and didn't regulate mid-sized institutions that have all the bad commercial loans that have get to play out. we'll see how it plays out. unintended consequence of poor regulation, poor policy which may have made the situation worse had we no regulation in place. neil: larry, talk to you later. this is the place where a lot of guys get the capital in the stock market. what are the implications of that. in the meantime when it comes to the federal reserve whether it is worried about the whole banking mess, certainly from the fed chairman, a surprising response. look. >> increases in prices are like lie to have only transitory effects on inflation. i think it is probably a good time to retire that word. inflation has persisted longer than we thought. is of a mind to raise the federal funds rate. the one piece of guidance that we gave i probably wouldn't do

again, we said we wouldn't lift off unless, until we saw both maximum employment, price stability. i don't think, i don't think i would do that again. the u.s. banking system is sound and resilient. neil: all right. we saved the best for last. at least the most controversial for last, that he has confidence in the banking system. he has got a lot of things wrong. we don't expect the fed chairman to be nostradamus but at same time we expect a slightly higher batting percentage than we've seen so far. thomas hoenig, former kansas city federal reserve president. thomas what do you make of that last comment that caught a lot folks attention, yes we have banking hiccups, it is not bad, it is not a crisis? i'm paraphrasing. your thoughts? >> i would say chairman of federal reserve when the

economy, financial system is under pressure, tends to, understandably so, speaks optimistically, to make sure the public is confidence in in the k and promote stability. however there has to be a degree of credibility to that. when you see that interest rates have risen so much and therefore this is downward pressure on asset values across the economy that becomes a little hard to swallow i'm afraid. that is really a major challenge i think we're all facing today as you said, hooking at these stock prices for regional banks and so forth, people are uneasy. neil: it feeds on itself, doesn't it? what struck me, 3.30% on 10-year right now, a month ago, you know the numbers far better than i, i can't even fake it with you thomas, significantly a point higher a little more than a month ago, a little over that. i'm wondering what that is

telegraphing to you? obviously the fed is focused on inflation. this seems to be the market's way of saying maybe focus on something else? >> i think the market is recognizing the fed has put inflation, first of all, the fed got behind on inflation. so it raised rates extremely high, extremely quickly and of course, look, we have equalibrium in this country, that is our economic system was based around near zero interest rates over a decade. the entire banking system adjusted to that. the financial system adjusted to that then suddenly we raised the price of borrowing from the fed at least by a factor of over 20 in a year, you're going to get very significant downward pressure on asset values. now you see it in the so-called credit risk assets, government securities, government guarranty by huge unrealized losses being reported, over 600 billion.

so the next thing you think of, what else is there? because commercial real estate, even if it has good credit, values are coming down. what is happening to the commercial industrial loans? is there pressure, cash flow coming? so people become less certain. that means we begin this what you've seen, this, mini banking crisis, hope it doesn't become bigger, there is risk of that. that would spread. so the fact is we're going through very painful adjustment as interest rates rise, as asset values come down, and as banks who have made these loans on the assumption that interest rates would stay low now have to, they're getting less cash flow because their interest rates are lower loans. they have to pay out more because the government is borrowing more, interest rates are higher by the federal reserve. this creates a very unstable situation. the fed has to manage through, the banking industry has to manage through. neil: does the fed in the posture at least it seemed to

signal yesterday, thomas, this is it for a while, is that because right now this overhang of what is happening with the banks, that without the banking situation it might still be aggressive on rate hikes? or is that just ancillary? >> i think first of all they have raised rate as great deal. now they want to see, and it is slowing the economy. we're seeing the economy show. neil: yeah. >> they're kind of thinking, do we let it stay there and see how the economy, does inflation continue to come down? we want to watch that. that is number one. number two, you're right, it is now evident that the financial system and banking system is under pressure f they, clearly if they continue to raise rate that will only going to get, only going to get worse. if they can get inflation down without triggering a financial crisis, that would be the ideal. that's what they're going to be

considering as they get into the june meeting. i think it is extremely important they do that because we are, one thing that would cause everyone, i should say the fed to back off of their policy, move it down quickly is a financial crisis, a banking crisis and that would then set them back enormously and the economy back enormously. so -- neil: reverse everything you've been doing up until this point. >> i think, for a moment, with this banking crisis the balance sheet increased half a trillion dollars as they have had to provide liquidity into the marketplace and banks. neil: that's a good point. >> they would have to undo everything he done, i think we have worse inflation in the end. so it's tough, tough situation. neil: thomas, great seeing you again. hope you have a great weekend, thomas hoenig former kansas city federal reserve president, speaks his mind. doesn't toe the line either way.

dow down 460 points. interesting group of ceos meeting at white house. they're all into artificial intelligence. they're all coming with a warning, after this. ♪. this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises.

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neil: here is how big the artificial intelligence thing has become, the white house wanted to meet with anyone who has anything to with the technology. that the technology will take over the world, take over human kind, put us all in caves that is a little extreme. they want to know where does this stand. some of the best are gathering at the white house. they're meeting with vice president kamala harris. don't know whether the president will stop in to see them. i do know edward lawrence is there. nothing art firm about edward. he can tell you what is happening do you. >> reporter: it is really me, neil. the industry says they can manage a.i. vice president kamala harris is leading the meeting with four a.i. industry leaders. open a.i. ceo sam altman told

me, he is not concerned. listen. >> i think we can manage it for sure. we need to take it seriously. now is a good time to be doing this. it is a challenge but i'm sure one we can handle. >> reporter: others in the meeting incruding microsoft ceo, satya nadella and going get see owe, sundar pichai said. >> looking forward to a got meeting, or the report this brings total number of institute the in the country to 25. the administration forming a private sector committee to develop a a.i. rights system and blueprint. drafting a a.i. on government systems. that will be out for public comment. a final rule will be made. there is no time frame when any

of the guidelines or safeguards will be released. back you to you guys. neil: edward lawrence, thank you. this is guy should be in the white house. i think he knows a lot more than the guys put together. gary marcus, newark university professor who has a good handle on both the pros and cons where this technology is going. professor, thanks for coming back. >> thanks for having me with that great introduction. neil: you made this understandable to me which is herculean feat last time you were on. we're obviously worried, sending a signal we're worried about where it is going and is it getting out of control, right? >> absolutely and more and more people are saying that. i've been saying that a long time. a lot of people in the a.i. ethics community have been saying that a long time. a famous paper called stochastic parents made that point.

industry leaders, scientists, themselves are saying this too. this is big deal when geoff hinton did that. also one of the other founders said we need to worry now, there are serious rings. it is very important that the white house have a meeting like this. i'm a little bit puzzled by the guest list we're kind of hinting at, i don't see why there are scientists, independent neutral parties there. >> exactly. >> great to have the meeting with corporate leaders but we can't just do this with the government leaders and the corporate leaders. we need scientists in the room. neil: it is very analogous to me at least, professor with, those in washington who wanted to get the players in the cryptocurrency arena together, bitcoin, all the others, they didn't know what to do about it, still don't i guess what to do about it, felt it was important, this technology is moving fast, we got to see what we can do about it, well this technology is moving far faster, they don't know what to do about it. >> that's right. i mean i heard your clip from

sam altman. he said we got it covered in so many words. we don't really have it covered. we don't really have a plan yet. it is find to say i'm building this amazing thing would think it will destroy the fabric of society but show me the plan. what is the plan? show us data. what are you building systems on? very hard for the scientific community to respond if we don't know what are in the systems how they're trained and so forth. we need a lot more trans transparency for the scientists to help. the corporates don't really have a plan. neil: it is one thing to stopping cooling down, everyone has to do that at the same time. everyone is not going to do that. if you're moving along with the technology in china, you hear we have cooling-off period, even vice versa it is not going to happen, is it? >> i don't think we're really going to get a pause although i recommend one but i do think we need to change our priorities

and change our governance. so, we probably need an international agency for a.i., specifically for a.i., the way we did for nuclear weapons and nuclear energy. we need to have a lot of bright people at the table representing different things and we need to be able to force to do the right science here to figure out what the risks are, how they can be addressed. we need to build new tools and so forth. we need a broad coalition. scientists have to be part of it. there has to be enforcement, saying you need to be transparent enough about this so we can actually do something about it. neil: real quickly, professor, one thing i notice is how quickly this technology moves. i mean even mistakes made originally on some of these search engines that use this, they quickly get up to speed. i mean at lightning pace. is it that a preview of coming attractions? whatever we're trying to police, the bumps and all it is moving far faster than we can respond?

>> absolutely. that is part of the fundamental problem here is, you know, we can't have this in 10 years, policies and regulations and science around it. the science, technology is advancing every day. we're seeing new risk cases every day. so more and more about cybercrime. we saw that a in a news guard study a whole bunch of websites are already using a lot of automatic yen generated content. there are new risks evolving with auto where these a.i. systems control other a.i. systems. this the current systems are unreliable with others controlling other unreliable systems. this is come out last month. traditional have a study, talk about it in a year will not cut it. neil: professor, thank you for catching up with you. we'll see where it goes. it is going pretty quickly. meantime here, american workers

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>> i don't like my job, i don't think i'm going to go anymore. >> just not going to go? >> yeah. >> won't you get fired? >> i don't know. but i really doesn't like it and i'm not going to go. >> so you're going to quit? >> no, not really. i'm just going to stop going. >> so you are going to get another job? >> i don't think i would like another job. >> what are you going to do about money and bills and -- >> you know i never really hiked paying bills. i don't think i'm going to do

that either. neil: you can laugh, but this is getting to be a serious issue right now with worker productivity. dave ramsey, ramsey solutions founder, expert on all things money. this is intrinsic. this has gotten to be part of our work ethic, it isn't quite what it was, right, dave? >> we're seeing this bifurcation in these last two generations to enter the work. that is great movie, office space. gen-zs, millenial, i have 450 on my team. the ones game on, are the best workers than i have ever seen. they're missional, but their contemporaries do nothing absolutely worthless there is bifurcation in the marketplace. they are easy to interview, like that guy, yes i want a job but i'm not going to work.

easy to figure out i don't want that one on the team. we have incredible, incredible young people in the marketplace doing amazing things and do have work ethic but we have a war on work in america this idea it is not okay to be successful. it is not okay to be ambitious. it is not okay to have a callous on your hands or embrace and persevere this strain and stress, do hard things to make a person have dignity and make a person successful, also a career, organization, a movement. neil: all the jobs go begging has declined still nine 1/2 million. a lot of jobs go begging. a lot of younger people are not interested in these foods. there is a fast-food place near where i live they're talking about 18 to $20 an hour to flip burgers and the jobs still go begging. when i was a kid, for the burgers alone i would have taken

it. i'm just wondering what is going on? >> me too. [laughter]. it shows on both of us, brother. neil: be careful young man. careful. >> what is going on is, i think it's little bit after throw back from the quarantine stuff. we told a whole generation of service workers they weren't essential. that pretty much stole their dignity. we stole the dignity of work. we stole it from them. we said you don't matter, what you're doing doesn't matter. but now go to a restaurant where they don't have enough servers and by god you figure it out it does matter. it is honorable, noble work. it was a really, really bad message, narrative went forth from a philosophy standpoint into the marketplace. on the other hand we have a group of leaders in america that started treating over a series of time, started treating

workers like units of production instead of humans. quality leaders. love their people. love their team. care about their families. care about their dreams, their fears, just don't chop them on the block every time they want to raise stock price, you know? we have the leadership void there as well, that is also causal on this. there is a lot of things going on in the marketplace but we definitely have negative unemployment right now. we're losing, people, four million people a month the last six months have quit their jobs. it is crazy out this. neil: you and mike rowe are addressing america's labor crisis as you kick off an awareness campaign, right? >> right. we're doing a free live stream tonight for business leaders, business owners. anybody that wants to watch. we're bringing in five of the leading experts and thought leaders on this whole subject tonight. there is perfect storm of a whole lot of things going on. it is not just about thumping making fun of somebody, there is a lot of opportunity for that, but the truth is there is a real

problem here. small business leaders, dave, how do i hire an environment like this? how do i find good ones to get them on my team? also there is a whole message that needs to go forth to this generation, hey, work gives you dignity. work gives you, there is powerful thing that happens in your life when you lean into doing hard things. we have a real lineup tonight. check it out, ramsey solutions.com. click on the live stream. it is 7:00 p.m. central, 8:00 p.m. eastern. mike rowe and i will be hosting it. we both have a lot of opinions on this. neil: i want to hear all about it. i was going to invite you back, but that burger comment you made sealed that one. always good seeing you, my friend, thank you very much. dave ramsey. >> you too, my brother. neil: we don't react the way we do about work, work ethic. not everybody, but enough it does make you worry a little bit about it. meantime worry about a bank stock freefall as the dow

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depositors who might bolt for big every banks, what do you think is happening here? >> renewed slide began late yesterday as fed chairman powell mentioned. latest senior loan officers survey, that will not be released publicly until may 8th, it gave a little preview, lending continued to grow in q1, pace slowed. bank lending profits that is one of the reasons they're under pressure, main problem they're highlighted today, in particular some regional banks are down 50% or more, why they just can't rebound despeed efforts to support them. the fed seems to believe period of bank failures is over, they have addressed banks they identified that were having problems, seems that regulators can only protect all depositors after they have shut it down, rather than offer blanket protection to depositors beforehand. potential big bank buyers of some row call banks are holding back to get the price they don't

want or get a backstop against losses in them, get expedited approval process. that means stockholders of troubled banks could see furthers whos as a potentially self-fulfilling run on stocks can make it possible to's equity or achieve a sale prior to closures by regulators. neil: this seems to be the opposite what we intended after the last financial meltdown. big banks have got own even bigger. if you look at jpmorgan chase, i believe now with the first republic acquisition will account for one out of five deposits in this country. that was not supposed to be how it would go. >> big getting bigger. -- we've seen this [inaudible]. neil: yeah. jeff, i apologize, we're having some problems with your microphone here or maybe some banks were hearing you and didn't like what you were saying so they cut it off. no, i don't think that is the

case. but we're following that. also following the sell qualify in the banking stocks and it is continuing to ripple through pretty much all stocks, something no doubt that the big money show will being following up in about 15 minutes. so we'll have them sort of breaking apart what is going on, whether this breakdown goes on. meantime we live you with the dow down 374 points, and a 10-year note that slimmed to 3.29%. stay with us. ♪.

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♪. neil: follow the money, right? we're not talking about the stock market. you probably don't want to follow that today if you're long these markets. if you're short maybe you do, you don't care. talking about following money making its way to various campaigns. what is interesting is, even though looks like donald trump has all the edge right now leading by far candidate for the republican nomination, how to explain the money being raised by two other candidates who

formerly had not entered the race, at least not yet, talking about ron desantis who raises already over $100 million and tim scott, the republican south carolina senator has more than $20 million already raised. so what to make of that, whether this could be something we have to keep an eye on? forget about who leads in the polls, who leads in the money race. how important that will be. hadley heath manning joins us, doug schoen, former clinton advisor, democratic pollster. doug, with you on importance of money. there have been times in history where that hasn't been a big factor early on. by that definition jimmy carter would not have gotten the presidential nomination in 1976 but what do you make of what you're seeing now, particularly on the part of governor desantis? >> yeah, i think a lot of the

money governor desantis has was money raised before his decline in the polls so the real question to me is, can he sustain this level of contribution because to close a 20 or 30 point gap with a former president, donald trump, is going to require literally hundreds of millions, if not a billion dollars for governor desantis. it is an open question because a lot of donors have been questioning him given his swoon in the polls. neil: yeah. without even coming out the gate. you know, hadley, another issue though is, it is not always a sign that he or she with the most money will command the most attention. by that definition jeb bush would have been walking away with this thing well before 2016. so what do you make of it? >> that is a good point, neil, at this point it is very early but i don't think it is right to talk about the republican side

of this race as a contest between trump and desantis. maybe that is conventional wisdom. trump support, with fund-raising is he pretty much fixed. he has loyal supporters. republican primary voters you're either on the trump train or open to other candidates. from my perspective biggest hurdle for governor desantis, not president trump in the intermediate term, but other gop rivals he will face trying to divide and conquer ultimately the republican primary voters looking for an option other than trump. neil: it is true, even with the democrats doug, not that president biden need worry at least not yet about the opposition he is facing in the form of robert kennedy j and miss williamson, but the two of them together, those other candidates, account for, you know one out of three democrats who are not keen at the president getting another shot at this. what do you make of it? >> well you know history

suggests anytime an unkim bent president is challenged in the primaries, whether it be jimmy carter, george h.w. bush, they tend to be weakened for the general election. so i don't believe that joe biden is out of the woods because i think there will be a protest society. how big, we don't really know, but rfk, jr. has a prominent name and he is saying at least some thinks that resonate with primary voters about ukraine and vaccinations. neil: interesting. hadley, the one thing i do remember, we go way back in history in 1968 when eugene mccarthy emerged as credible alternative new hampshire primary. he lost the primary to lyndon johnson. he did far better than expected. it prompted lyndon johnson to

withdraw from the race. it brought in other candidates, robert f. kennedy, sr., robert kennedy, jr.'s father, do you see blood in the water something like this happens and it attracts other candidates to enter the race? >> that is a possibility. it is all part of a chess game. you move one piece here, that affects the game there, ultimately i agree with doug, that president biden's biggest hurdle he is facing enthusiasm gap with his own party. i've seen some ap polling suggesting only 37% of democrats want him to seek a second term. he has to overcome the enthusiasm gap first and foremost, whatever happens in the primaries will have echo in the general election and be a hurdle for president biden as well. neil: hadley, final word. doug, great seeing you again. we'll see what happens. numbers are incredible. a lot of money floating around taking bets. >> yes there is. neil: thank you, guys. the dow is down 393 points.

we're focusing on some beneficiaries today, all this market mayhem. gold, for example, up more than 22 bucks comfortably over $2050 the ounce. stay with us why that is. ♪. ♪i said, i see it ♪ ♪and,i like it and, i want it, yes, i do!♪ ♪i need it to make me happy!♪ ♪baby, yes i do mean you♪ ..

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neil: we don't see him money pouring into stocks or oil, we don't see it measurably pouring into an asset group. gold is a $22, a little more. larry glaser is back with us. i could see a crisis play, it used to be and inflation play but what do you make of this? >> for centuries gold has been a safe haven. it is a hedge against inflation and against a weaker dollar, something we are seeing this year but not last year. gold is up double digits this year. it didn't do well last year. the dow is flat. gold is the meatloaf and mashed potatoes, the comfort food but like meatloaf and mashed potatoes everything in moderation.

don't want much gold and portfolio because financial assets do well gold doesn't do well but the dollar is are kryptonite in this country. if the dollar weakens which it is because of competing global currency like the chinese one gold becomes the safe haven. it is a alternative currency where you can park your money and that helps. adam: it is dangerous to talk about the dollar. what is interesting about that is there have been a number of attempts over the decades to remove the dollar is the currency of choice and center of all financial action but there have been a lot of attempt simultaneously to do that, the chinese working with the russians, irradiance, brazilians, whether alone or in unison, multiple shot affect. is this time always dangerous? >> we take for granted our

biggest asset is a strong dollar and currency everybody wants. china sees that as a threat when you talk about sanctions with taiwan. the largest use of cross-border transactions for china is in the chinese yuan. so it is a growing threat in the global economy, this could be the reality. it is why we have to be vigilant protecting our best asset. for some it is their home. for the us nation it is the dollar. we got to protect the financial integrity of the balance sheet so everybody wants dollars and we don't have to worry what other countries are doing. neil: are you worried about inflation? >> yes because i see it every day, family struggling and the federal reserve waited too long to address these issues. it became a concern. it is insidious, it erodes the

middle class and it is something we are getting away pop call a lot. they are earning money on deposits but i worry about the next generation and purchasing power is a concern. if the dollar weakens it becomes inflationary, everything goes up in value. gold goes up, oil goes up, that is what we need to look out for, they are victims in this process. neil: thank you, we will see what happens. the selloff continues, bank stocks disproportionately affected but this has been a pattern of behavior. all these issues are fine but by days end, they started yesterday and taking it badly today. taylor riggs is on that and "the big money show" with how this could sort out. taylor: on a lighter note do you know what day today is