milken conference with his outlook for the sector is bank of new york mellon president and ceo robin vince. good morning we're lucky to have a bank ceo on with this deal move >> it's great to be here at the milken conference with you. >> how do you feel about the banking system this morning? >> i think the banking system is very strong. we feel very good about it resilience is so important for the u.s. economy and a resilient banking system is critical for that as well we're proud to have played our role in that whole process as the world's largest custodian and provider of so many pieces of infrastructure across the backing system and one of the banks that helped stabilize the situation originally with the deposit into first republic. >> you're talking about the $30 billion deposited. >> that's right. >> march 16th to try to prop things up. that didn't work now you get the money back in this deal. >> we will get the money back. i actually think it did work i think it was extremely helpful in creating a path to what's ultimately happened. as you said from the outset, the situation has now

that is the ceo of bny mellon, robin vince. shery: great conversation with romaine bostick.et's get to vonnie quinn with the headlines. vonnie: president biden has called top congressional leaders inviting them between may 9 meeting to discuss the standoff. the invitation came hours after janet warned the u.s. risks running out of cash as early as june. the treasury has been using special accounting maneuvers to stave off multiple defaults. sources say the white house is considering promoting philip jefferson to vice chair in addition to naming a latino to an open board slot. the move is under consideration after pressure from senator robert menendez. kevin mccarthy says he supports sending aid to ukraine. in an exchange with a russian reporter in israel, he also told moscow to end its military operations. he previously called for scrutiny over how much aid washington provides kyiv. >> i support aid for ukraine. i do not support what your country has done to ukraine. i do not support your killing of the children either. i think from one standpoint, you should pull out. i do

shery: ceo robin vince speaking with romaine bostick. >> a faster than expected deceleration of inflations expected to allow the bank of australia to pause its rate cycle for the second month. global economics and policy editor kathleen hays here with the latest. how does the inflationary picture looking australia? kathleen: faster than expected, far away from the target but phil lowe paused last month that he's expected deposit again, keep the rate at 3.6% and you can see how so far. cpi well below the peak headline. deutsche bank switched from a hold for another hike after they saw this inflation report. bank of america saying it's a high bar when many more rate hikes. looks like what phil lowe is signaling is he is ready to trade a faster return back down to the inflation target to ensure a soft landing and hold onto that three and a half percent unemployment rate, the jobs growth. that is where his focus is right now. and i think that it is interesting that the barbie index has fallen, mainly because the prices of see, work and wine have come down. food prices have been a big source d

. >> robin vince, part of the $30 billion infusion into first republic bank, what was that, over a monthr whatever they put in as that gets dissolved jpmorgan taking on $92 billion in deposits but that includes the $30 billion that will go back now. >> i think it's a big sigh of relief for him and others in the banking system today they got a deal done looks like an okay deal for the government and certainly a good deal for jpmorgan if you look at the stock market it will be great to get his thoughts on how secure the banking system is from here. they also touched 20% of investable assets across the world. just what they're seeing and how they're able to help their clients. we'll talk to robert vince of mellon we'll talk to brookfield, and we'll talk to the ceo of kkr -- co-ceo of kkr and the ceo of mond on. >> a good list of guests coming up for our ceo sa areisen. that's it for this hour of "squawk on the street. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> good monday morning.

many questions remain. vince monahan, alger 0, the you, what you'll just bear with me. so robin in the whole reminder of all the top stories, the house of representatives in the united states is about to vote on the bill to suspend the nation's debt ceiling. republican and democratic leaders have been running support to ensure the bill passes to a event a catastrophic. the default official has moved from washington dc. joe biden is managed to protect a lot of his programs that he's pushed through since he came into office. so he'll be quite pleased at this deal has been done not least, because it avoids a damaging hit to the economy, the losers, while they're already people saying that kevin mccarthy is so will go to the democrats and therefore he has to go. and you remember that back in january, it took 15 votes to get him installed as the speaker of the house that he had to give a lot of concessions to a lot of groups in the republican conference. at this time, there are those who decided to vote for him because of those concessions are seeing . he's going to go that he looks

. >> robin, that's a good picture. that's you barry, colin, vince. do you miss them? s to do this. you call maurice. and they both say, no we won't. and they never did. >> we had the fascination with calling the newspapers. we called "mme" or "disk" or "music echo," and robin said this about me, and i just want to correct the record. it was a strange episode in our lives. and all the things that had gone down, we needed time apart to think about them. >> the transport for important pop star barry gibb. he's getting married to linda gray. >> we were all just crazy at that time. at one time it was three brothers. and all of a sudden, it was three wives. >> maurice gibb and lulu because mr. and mrs. >> you think by marrying someone that you absolutely adore, you think, it will solve all your problems. not really. >> robin gibb of the bee gees marries maureen hollis. >> maureen was my first real love, the first serious one. but it was a very traumatic time for me. >> i went with them, my manager, said, look, robin, when we send you to new zealand, you're doing the redwood

vince. >> that's correct. >> well, it's not really a matter of missing them early. i still see them on and off. . >> it was really me and robin and robin and say, well, give barry a call. barry, you call robin. and they both say no we won't. and for 18 months, and they never did. >> we had a fascination with calling the newspapers. you call anomie or you call disco music echo and say, all right. robin said this about me, and i just want to be able to correct them. written all that stuff. >> it was a whole strange episode of our lives. but a lot of things had gone down at the time, and we needed time apart to think about. >> at caixin hall, vip transport for very important popstar berry get. he's getting married to 20 year old former miss december linda gray. >> the world was crazy at that time. you know, at one time there was three brothers. and then all of a sudden, it was three wives. >> morris give and lulu became mr. and mrs. at st. james paris church at derives cross in buckingham sure. >> you think by marrying someone, that you absolutely adore. you think it's going to solve all of our problems. >> a coxton halt, robin