and red bank is sure one of them we wish you the best and a a speedy comeback.basey center for the arts in a wonderful town of red bank and for the latest on small business news, advice and resources, go to cnbc.com. we're going to final check on the markets after this i know that every single time that i suit up, there is a chance that that's the last time. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses. learn more at protectedincome.org . >>> just want to get a final check on norwegian cruise lines before we go the company warning of a b possible bankruptcy. shares were down 20% at last check. you listen to the director there and realize you know it's exten shl for everybody in the consumer and experience economy. >> it's really true. one of the questions i didn't ask was how u is it ling goipg to look? are people goi

people with scalia else bank of red i chose banking as my career avenue for i'm a trained accountant and i worked with the air is bad because og a bag 1st in zurich and on the cayman islands which is a tax haven yop i was promoted to compliance officer mining i was the legal conscience of the company thinking it's these open amundsen. i make me sick e.o.p. mean a certain amount of greed is instilled into you that was true for me too and i have to imagine thank you start to think only in monitoring you know all cyclical dollar signs that may have before your eyes and in your heart all will say then that that and that the only thing that matters feet a lot of profits and making sure you don't get cost the odds are way i operate how to cope. in my new phone to all else in my function as compliance officer i determined that we had a criminal i also. like in. large in mexico it was a mexican drugs it became clear to me that i was working for a criminal organization and that the bank was a participant in tax evasion and fraud health industry into the open top i ended up feeling morally and

german attempts to destroy the bridge it remark on on the east bank who doomed to failure. us and red army troops converged in late april it took out on the river elbe or symbolic handshake showed the world that germany's eastern and western fronts were broken the end of the 2nd world war was approaching. the center of the 30th of april 1905 was a historic day at all fittler committed suicide in his bunker in berlin his body cremated in the garden the bloody battle for berlin was entering its final stage. late that evening soviet troops stormed the german parliament and raised the red flag a symbolic gesture which brought the soviet union's terrible sacrifices to an end. a week later on may the 8th came germany's unconditional surrender the 2nd world war was over europe liberated from the yoke of fascism. and young is covering the anniversary for a search simon how is this day being remembered in germany. well terri the 8th of may is referred to in germany at 2 as the day of liberation and this year for the 1st time it's been declared a bank holiday here in berlin so the official cere

with 5 counts of money laundering he's accused of receiving nearly $250000000.00 through the bank accounts of red light that's a hollywood production company he co-founded prosecutors say that money was stolen from malaysian state investment fund one empty beach and red grandma has also been tied to the corruption scandal the u.s. justice department has said 3 films were financed with money stolen from the fund including both of wall street which starred dicaprio and red granite has since returned $16000000.00 to u.s. authorities and these are just 2 cases tied to the corruption scandal at one end the u.s. and malaysian authorities have said 4 and a half $1000000000.00 was stolen from the fund which was set up during the administration of former malaysian prime minister. who is the stepfather of oz's u.s. authorities have described the corruption scandal at one m. d. b. as clip talk at its worst one m.t.b. officials and their associates have used the money stolen from the funds to buy luxury properties expensive jewelry and fine art the u.s. has returned or helped malaysia recover around $6000000

on friday alone let's cross the atlantic to brazil for the best but is also in the red this week now brazil's central bank said g.d.p. for march. by 5.9 percent the government now expects the economy to shrink by 4.7 percent this year this would be the largest drop since 1900 when it became began recording that data let's move north to mexico the b.m.v. is also down on the week as the country sees its peak of coronavirus cases the country plans to reopen its auto construction mining and mining sectors by monday despite record debts and then going into the u.s. all 3 major indices in the dow s. and p. and nasdaq are down on the week as u.s. retail sales tank 16 percent in april alone the dow saw the dow actually had its worst week since late march apple qualcomm and boeing all saw a decline in prices this week and let's finish it out in canada the t.s.a. finished in the red despite seeing some gains in the energy sector which climbed 1.4 percent while u.s. crude prices jumped 4.2 percent a barrel as data continues to come in showing the economic impact of the pandemic we're going to keep an eye on the vola

banks deeply in the red still in a bear market. it is unclear whether it is sustainable.ome investors worry about that, wonder about that. it would be healthy to see those cyclical sectors really move up because it suggests that investors are worried about the economy reopening. important sentiment piece. they make a caps, those are some of the most beloved stocks out there. you can see, over the last two months, huge gains. if all we were to start to see the money go into the banks, into the industrials. sexy than some of these technology names, it could be a problem for sentiment. anotheret's talk about elon musk company, tesla. shares up more than 90% this year despite production issues at the factory because of the shutdown in the middle of a pandemic. abigail: it is pretty incredible. -- this stockne really on a roller coaster this year. climbing right out of the march lows. itave to believe that behind is optimism about the electric vehicles we have always had. witha look at those gains them having to talk about cutting pricing on some of those models, $2000 on the

signs of money laundering and you reported anti money laundering experts inside deutsche bank repeatedly raised red entities controlled by president trump and his son-in-law and they recommended the bank should file suspicious activity reports with the government flagging potential money laundering by the president but those concerns were ignored by bank executives, by higher ups. obviously, that's potentially super explosive material. could you would you expect the subpoenaed mattelier fought over in court would contain those deliberations related to the president? >> 100%. that's one of the things that stopped subpoenas that. there is a particular paragraph that have been made public that specifically asks for any information related to suspicious activity reports that the bank either sought to -- the bank either filed or had draft form to file. these are records that the bank really has not said anything about where we relied on the word of one very brave whistle blower that went public to discuss concerns and punished for that. there is a very good chance that were the supreme court to shoot do

much attention as i would have thought it would but there are employees in deutsche bank's offices that raised repeatedly red flags about what they deemed to be suspicious transactions involving trump and accounts including in the kushner's case money going to russians and their concerns were overruled. it was never reported to the government and in one case the employee was fired about speaking out about it. >> to visit the rest of this program visit our website booktv.org. >> .. >> let's talk about the media because you do put a lot of examples in the book as you described. they seem to have no bound for discrediting come destroy, driving negative narratives on donald trump. it's as if president trump, he could do no wrong. but

and you reported that anti-money laundering experts inside deutsche bank repeatedly raised red flags controlled by president trump and by his son-in-law, jared kushner. those experts told you they recommended that the bank should file suspicious activity reports with the government, flagging potential money laundering by the president. but those concerns were ignored by bank executives, by higher ups. obviously that's potentially super explosive material. would you expect that the subpoenaed material that's going to be fought over in court tomorrow would contain information about those kinds of internal deliberations related to the president? >> 100%. i think that's definitely one of the things that's sought by the subpoenas. in fact, there's a particular paragraph in these subpoenas which have been made public through this court fight, that specifically asks for any information related to suspicious activity reports that the bank either sought -- the bank either filed or had drawn up in draft form to file. so these are records that the bank has not really said anything about. we've

donated 37,000 pounds of frozen potato products to the great plains food banks per week are a lot but it north dakota particularly the red river valley, large produce and to donate 37,000 pounds of frozen potatoes to the great plains food bank. another example, north dakota scotsmen association and the foundation donated $20,000 to enable the same food bank, the great plains food bank, to purchase beef north dakota ranchers. one of the big challenges we've had is our ranchers continue to raise incredible livestock, incredible count, finds cattle in the world, and the testing is seeking such a poor price. went to figure how to do better because at the same time we see prices going up in the grocery store, our cattle producers are not getting compensated for the animals. their prices have gone down. we know it's tough in the processing industry with the coronavirus but we have to find ways to make changes now and for the longer-term so that our cattleman are treated fairly and well from what they do, which is raised such a great quality beef product. but again stock mints, their cessation stepped up and made donations to t

banks. they have been a big red flag nearly every day we crunch some data. the immediate loss of a publicly traded company now is a decline of 41% this year even as tech stocks have recovered. bank stocks have not one reason for that is likely this bond yields stay low, 10-year at .62%. asia is finishing lower across the board. japan, hong kong or china the uk we'll get more to the key headlines this morning with frank. forgive me, i'm having my coffee got to get the brain going i know you'll bring us all the top stories. >> president trump is set to name former head of glachl owe smith klein as his vaccine czar. in a role shared between department of human services and defense. public health experts have warned vaccine development could strength to next year or beyond. president trump said the federal government will go after companies that did not deserve loans from the paycheck program. they have faced criticism for giving money meant for small businesses to small businesses instead. tyson food lowering prices and plans to slash prices as much as 30% for s

with 5 counts of money laundering he's accused of receiving nearly $250000000.00 through the bank accounts of red light that's a hollywood production company he co-founded prosecutors say that money was stolen from malaysian state investment fund one empty beat now read grandma has also been tied to the corruption scandal the u.s. justice department has said 3 films were financed with money stolen from the fund including both of wall street which starred the caprio and red granite has since returned $16000000.00 to u.s. authorities and these are just 2 cases tied to the corruption scandal at one end the u.s. and malaysian authorities have said 4 and a half 1000000000 dollars was stolen from the fund which was set up during the administration of former malaysian prime minister. who is the stepfather of oz's u.s. authorities have described the corruption scandal at one m.t.b. as clip talk at its worst one m.t.b. officials and their associates have used the money stolen from the funds to buy luxury properties expensive jewelry and fine art the u.s. has returned or helped malaysia recover around $600

red, yeah, not so good. you see an error call your bank and dispute it. >> even though it's not the fun thing to do right nows stressful, but that information is really important to your finances going forward. >> you get all three of your credit reports from one website right here annualcreditreport.com. beware of impostors with similar names. this is the only free and official website. we've added a link to nbcbayarea.com. click the responds option from the main menu. >>> 4:56 this morning and something good from warriors man in charge teaming up with another well-known coach to give something back. let's take a listen. >> but we also want to entertain and we know people are stuck at home and looking for things to do, a lot about coaching and how you run your team and how i run my team. >> that's steve kerr. he started teaming up with seattle seahawks coach pete carroll for a podcast called flying coach, covering things like coaching, nfl and the nba. >>> 4:57 this morning, coming up, a bombshell announcement from the president. a live report from washington, when he will start winding down the coronavirus

diamond from red diamond the money went into this guy's swiss bank account and he then used it to distribute to the local politicians taking a big chunk of himself of course you know i can assure you we don't we and i believe most companies all to the business of labor labor's policy as you suggest well have some supply they do employees of government it is just cool the way the business is done. we were actually able to publish what was the most dangerous story that prince bandar had been given not just the plane but over the years a total of 1000000000 pounds we did not invent. corruption i mean i doubt many would have been and they had hanky panky and they had to go down to edit so i mean this is this is human nature i salute you prince of state run and a friend. how do you agree. of course none of us are greedy it's only the other family's grief. this the world runs on individuals pursuing their circulators. all those people who believe that greed violence etc these primal so-called primal instincts other real instincts and everything else is a s

going on the east bank would doomed to failure. u.s. and red army troops converged in late april it took out on the river elbe a symbolic handshake showed the world that germany's eastern and western fronts were broken the end of the 2nd world war was approaching. a sense of the 30th of april 1045 was a historic day fittler committed suicide in his bunker in berlin his body cremated in the garden the bloody battle for berlin was entering its final stage. late that evening soviet troops stormed the german parliament and raised the red flag a symbolic gesture which brought the soviet union's terrible sacrifices to an end. a week later on may the 8th came germany's unconditional surrender the 2nd world war was over europe liberated from the yoke of fascism. all because of the coronavirus pandemic many commemoration of events have been scaled back or moved entirely online and that is the case in paris as well president in my book and event on the shop and say in paris without the usual parade down the avenue he laid a wreath at the tomb of the unkn

by mid april the red army was positioned all along the western bank of the older river german units entrenched themselves on the zillo heights a rocky plateau above the marshy oda book plane on an impossible mission to stop the soviet advance on berlin. in the early hours of april 16th some $9000.00 soldiers of the 1st bell aleutian front unleashed the full force of their artillery against the zillow heights the german defense consisted of exhausted frontline troops hitler youths and soldiers classified as fit for active service a term popularly dubbed excellent and limping. the very much troops were outnumbered 4 to one and yet they initially managed to blunt the red army advance. soviet commander marshall gheorghiu shook off became increasingly frustrated. with . the soviet decided on him and all the pork by the teeth the soviet side was under enormous pressure. the unspoken aim was to capture berlin by may 1st the day of the working class talk a soviet military leadership responded accordingly or and tried by all possible means to break through the german lines yet it is of it is a few all

banks. it's fascinating to me. it's like the yankees saying the red sox are a miserable team it traded at 27 and change i mean, thisnot bounced at all on what's been a remarkable tape. i understand banks have underperformed wells not getting it done. wells -- a lot of the problems at wells are very wells specific and they brought them on themselves, you add this on top of it, so i happen to agree with that downgrade >> u before s has lower loan loss that's unusual going into a recession airy time. >> ubs is pointing out that wells hasn't done that they've always pointed out that their cost structure is totally ham strung by the fact that they haven't met a lot of their regulatory hurdles it's a money center bank with less flex ability at a time. certainly on a relative value play, why wouldn't you be short wells against owning the emergency of your relative choice >> on that note i go to karen. because you own some >> i don't own wells i own banks. one interesting thing about that note, it looked like city bank was his favorite he has a $64 target on city bank and the stocks at 45 that's the upside. it's on valuati

banking details of that sort of thing, that is a red flag.king hard to try and give public confidence on this, from what i understand. let me put a couple of questions to you. i do not know how you feel about these. one of these is quite specific. can you please explain why patients do not have been asked to verify their identity with an american credit rating agency? and somebody says, they have spent the last few years fending off cold callers, how can they be sure the callers, how can they be sure the call is genuine? just to add to linda's point, anybody, rightly so, should be alerted to this, there is a website where you can find all of this information. a government website. the number that has been mentioned is on there. as are the list of questions that you can expect to be asked, and a list of questions that you can expect not to be asked. if there is anything that you think is suspicious you are within your rights to say, i am going to take a minute here, i am rights to say, i am going to take a minute here, lam not sure rights to s

for example, things like passwords won't be asked for over the phone, any banking details and that sort of thing. that is a red understand, working hard to try and give the public confidence in this. ok, let me put a couple of questions to you, zoe. i don't know how you feel about these because one of them is quite specific. neil says, can you please explain why patients are being asked to verify their identity with an american credit rating agency? i will put the second one to you as well while we are on it. david says, i have spent the last three years of my retirement fending off cold callers, how will i be certain that the call is genuine, which i think picks up linda's point. you might want to take on some of that, zoe? i really, just to add to linda's point, anybody, and rightly so, people should be alerted to this. there is a website where you can find all of this information, so on the gov.uk website you can have a look at test and trace and the number that linda just mentioned is on there. a5 are a list of questions you can expect to be asked and a list of questions you can expect not to be asked. and

a rare remote q&a with fed chair jerome powell reveals the central bank chief's admission that his team crossed red lines in their emergency moves during the pandemic to shore up the financial system. allianz chief economic adviser mohamed el-erian is is here over whether he sees some unintended consequences from that move. and we will also ask whether he thinks we're now in the clear, away from a potential new cold war with china and whether you need to invest with the possibility that we might not be in the clear. that's next. with the dow up 63 points, we're coming right back. ♪ ♪ ♪ limu emu & doug and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ liz: where you see the dow right now, which is in the green at the moment by 48 points, is nowhere near where it was at the lows of the session,

the sun looks ahead to what it calls ‘red better days‘ as the paper reports the prime minister wants the country to go back to work after the late may bankpendent asks the question, did hancock really pass the test after it was announced the government had provided over 100,000 tests today. the mirror leads with what it calls the virus class divide, saying covid—19 kills people in poorer areas at twice the rate of those in wealthier ones. so let's begin... john patiently will johj say fiefiba” ' johj say we talk; gm sf . sf johj say we if”- .: grfv we if . if iohj sa bi“ ' johj say we if”- .: ,‘ that e if . if johj say we agofljer: stay 1at e if . if a re are for the next - weeks, the next - to eks, the next- to see more ”eole to co back encouraging more people to go back to work. i think there's a nervousness about if we start lifting these restrictions too quickly, will he see a rise in cases again ina quickly, will he see a rise in cases again in a second piece? —— second peak. people are quite used to the stay messages, even though there are some problems. some people aren't in a great rush to going back to work, so how do you tell peop

banks are faring. they are down and in the red. e bracing for a wave of bad loans stemming from the coronavirus pandemic. this caps the worst earnings season in years for singapore banks. let's get analysis from eugene, the vice president at moody investor service. eugene, good to have you with us. about the prospect of npl's. deepest recessions --the region just this morning, ocbc mentioned that their ncos over two years might reach as high as 3.5% of their loans. from 1.5% today. this is a deterioration. increase i a huge would say. -- whether ithat is a provision for those npl's, that capital is not affected. that is the key we are watching. >> speaking of provisions, do you expect provisions to increasingly hurt the bottom line given expectations of a recession? indeed, provisions will continue to increase. our expectation is that provisions will probably be next year only. this is when your moratorium on loans will be lifted. you can see the true reality on the loan book. banks are able to spread those provisions over a two-yea

red. s&p is higher. a lot is the banks and a lot is the energy sector by the way.il could close back above 27 bucks for the first time in a long time. the president made those comments earlier. what he said is a vaccine should being ready by the end of the year. but the markets were down after another nearly three million americans, steve mentioned this, filed for unemployment. where are we headed forehere? let's bring in fitzgerald group principle, keith fitz-gerald and point view wealth management's david dietze. thanks for standing by. david, i want to go to you first on another seesaw day for the markets. we're looking for a glimmer of hope. maybe the vaccine ask a glimmer of hope. >> today we're seeing economically cyclical stocks doing well. three of the four top performers in the s&p 500 today are banks including wells fargo and american press leading the dow. you're seeing people get a little bit more confidence in this economy. meanwhile as you pointed out, crude oil prices are going up. we're not seeing that hurting in a few cloud and food related stocks

red not so good. you see an error here, call your bank and dispute it. >> even though it's not the fun thing to do rightsful. >> you get all three of your credit reports from one website right here, annualcreditreport.com. beware of impostors. this is the only free and official website. you can find it by clicking the responds option from the main menu. >>> firefighters are still monitoring hot spots after a big fire at a pallet yard in south los angeles. it started at 11:00 p.m. and threatened homes. multiple explosions forced evacuations. so far there's no word of any injuries. >> new fallout in the photo scandal tied to the kobe bryant crash investigation. you'll recall deputies were suspended amidst allegations they shared unauthorized photos from the crash site. "l.a. times" reports a new bill seeks to make such things a crime punishable by up to a year in jail. it would outlaw acts by first responders who violate the privacy of deceased victims. his widow, vanessa, leaving an emotional post on instagram yesterday. it was also her birthday. she says only the day before she found an envelope left be

coming up, the s&p in the red with energy and financials the worst-performing sectors today the banks are down 7% this week alone. we're going to have more on that move plus, corporate debt is exploding as the federal reserve begins to buy it up. but could the borrowing binge end up doing more harm than good for the economic recovery? tethe's much more "power lch un" afr is these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. >>> welcome back, everybody. uber and roku just two of the companies today adding to the growing corporate debt pile, rushing now to raise capital in these uncertain times. let's go to dom

red sox. mike: you have learned. eric rosengren is the president of the boston federal reserve bank. thank you for joining us today.omaine: thanks, mike. great interview. coming up on this program, we will talk a little bit about some of those retail earnings we got earlier today. we will break it down with joe feldman. that is coming up next. this is bloomberg. ♪ scarlet: one third of small businesses stopped operating and another 11% expect to fail in the next three months if covid-19 conditions persist. our colleague emily chang, spoke with sheryl sandberg, facebook coo, about these devastating numbers. survey a planned this few months ago. when we first thought we were launching a we expected a completely rosy picture for small businesses, but that is not what we found. what is so important for people to understand, small businesses are the engine of job growth in our country. two thirds of jobs created before coronavirus came from small businesses. shared,istics you just a third not operating at all, 11% expect to fail. one of the numbers that jumped out at me, half of small business owners do not expect they

we've seen banks and others probably in the right ballpark what we are likely to see. >> can i ask you about red tape around coronavirus there have been concerns about companies that might be facing cash flow issues and suggested that flying experts in the production line might be an issue because of the 14-day quarantine what do you make of big business they might have to contend with? >> depending on what the business are and in the area where people come over for a couple of days previously doesn't really work in the new normal that is a concern. we are hearing construction supply chain but that has to be done on a limited basis. we may see that more as we restart the economy. starting to see a build up of their own resilience and starting to shorten their supply chains >> the furlough scheme, the numbers being thrown around. one million supporters as well i know the bcc will be supportive but can the economy afford it? >> it is a really important scheme you will see by the take up that it is a crucial role trying to protect large parts of the economy in business as well. one aspect is the gr

if you look at the red line here, the total number of deaths is slightly up, but it is an artefact. these are deaths not registered on the banknext week, that is backed up further. if you look at the blue line at the bottom, deaths that mentions covid—i9 on the death certificate, you see the trend is continuing to fall down and down. we are now reaching a lower level than we have been out since april. still not back to normal. the total number of deaths is kind of what we would expect to see at this time of year, the grey line in the middle of the chart, we are about 5000 above that, so chart, we are about 5000 above that, so not back at normal yet, but moving in the same direction —— the right direction. seen a picture in ca re right direction. seen a picture in care homes as the population at large. a slight blip in total registrations, but overall it is downward. who's been hardest hit? ca re care homes have born of the heaviest front, if you split this picture by age group, it is a very different picture if you are under a5. 0n the left—hand side of the graph, the red line in the real ensuring the total debts, it is much,

red purchases of treasuries to restore functionality in these critical markets. liquidity and funding measures including discount window measures and swap lines with foreign and central banks. through -- also, facilities to more support -- support the direct flow to state and local governments. fourth, temporary regulatory adjustments to encourage and allow banks to expand their balance sheets to support their household and business customers. we take action such as these, it would only be in a strainer circumstances. for example, our authority to extend credit directly to private, nonfinancial businesses and state and local government exists only in unusual circumstances and with the consent of the secretary of the treasury. when this crisis is behind us, will put the emergency tools away. while the response has been timely and large, it may not be the final chapter there given that the path ahead is highly uncertain and subject to significant downside risks. economic forecasts are uncertain at the best of times, and today the virus raises new questions. how quickly will it be brought under control? can outbreaks be avoided? how long will it take confidence to return? wha

forecast that the bank of england has seen that the bank of england has seen that by the second half of next year the british economy will have re cove redwill have recovered, it will have got back on the same footing it was before the pandemic broke out, it is in a sense anyone's guess. took us through the personality of the prime minister. just back to work after his almost fatal brush with the virus, new father, etc, how much is all of the challenges falling on one man's shoulders? we have a system of collective responsibility. he is first among equals. but when he was ill, in hospital, in intensive care, there was a sense, may be perceived, may be real that no major decisions or change to the lockdown, and it would have been too early anyway, could be made without the prime minister being at his desk. there might have been a holding pattern. everything was functioning back to some extent nothing would change that dramatically until he was back at his desk at number ten. there has beena at his desk at number ten. there has been a huge debate about, is he a changed man from his experiences in terms of his approach to easing lockdown, t

red green revolution the politics and technology of eco solutions. thank you very much. and i mean another one of. the ways are both the food. bank itself would have to. plus we've got to do all. the things i know how to describe this. and i don't think it's too much and i think. this is the only thing that we do is music because every. but he fights in his own way. the steward who can talk the 50 bills out of his will chris woody allen and that you have a whole movie about a lot of that came out of. what i see it is this is the fans that is a constant. thank you. problems drugs has come from unscrupulous dealers from pharmacies to in every state in the united states we see a very sharp increase in the number of people seeking treatment for addiction to prescription opioids invaded america under the banner of medicine persisted with the pain that instead of trying to wean him off though she did those at their dose after dose if your dose and really became his drug dealer who's to blame patients doctors manufacturers. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to sa

names like apple, facebook, amazon, netflix, walmart, are in the red today which you wouldn't expect when you see the dow up more than 2%. bankse best performing sector financials are up 5%, but banks up 8.5%. industrials and energy also doing well today interesting to see those classic other risk on trades taking place today. the dollar is weaker by 0.9% oil is higher by 2.5% and gold is lower by 1.8% all of which you'd expect on this day we're up 520 points or 2% on the dow. a little bit off the session highs, but a healthy start to the week >> losing a little steam into the close but absolutely a strong way to start the week welcome back to closing bell, everyone if you're just joining us, i'm sara along with wilfred and mike take a look at how we finished up the day on wall street. it was an up day straight from the get go and the dow closed higher by 529 points more than 2% higher. the s&p 500 good for a gain of about 1.23%. we were up 2% earlier but then lost some steam into the close most sectors were higher banks were the all-star performers today as wilfred highlighteded a eand we got technology dipping into the red.