that is the amount td bank agreed to pay to settle a lawsuit by investors, claiming it aided allen stanford'sade ago. stanford is serving a 110 year sentence for fraud and money laundering, there is a lot of interesting threats to this. -- threads to this. the fact that it took 10 years for some to see justice and what it means for td when in canada, there is increasing scrutiny on regulatory capital. there analysts to think maybe to make up for some of the money it has to spend on the settlement, you could see td sell down further its stake in charles schwab, which it owns 12% of. sonali: they are not the only ones that reach settlements, independent bank will also pay. much less in terms of dollar amounts. you look at with the lead attorney said for the receivers, they say this is nothing short of monumental. amber: absolutely. the caveat that, or on the others, there were concerns that today they were supposed to go to court. if this was going to be drawn out, there were some straight figures or whispers that they could have been on the hook for something worth $4 billion, so that is part

cnbc learned five banks accused of playing part in allen stanford's massive ponzi scheme agreed to ant settlement to pay a total of $1.6 billion the money would go to investors who bought fraudulent certificates of deposit more than a decade ago. if a court approves it will bring the total amount recovered to more than $2.7 billion, and that's around 40% of investor losses and saying the corporate kingdom has come to an end, florida governor, ron desantis, signed a bill today giving him control of walt disney world's self governed department. it does maintain disney's position, and for desantis that may run for president, it's another chapter as he has another book coming out tomorrow in which he criticized what he calls woke capitalism. >> thank you >>> now to bob with the etf edge >> the 60/40 stock bond portfolio may be making a comeback bonds are becoming serious competition for the stock market and single treasury bond etfs are seeing that. i was at a party at my mother's house over the weekend, and she asked me about them and my brother-in-law asked me about them you launched th

a lawsuit had claimed that a group of banks enabled the $7 billion ponzi scheme of allen stanford. n fraudulent high certificates of deposit. pfizer report it is an early talks. it will command a premium above the company $30 billion market value. they develop drugs to treat cancer and related diseases. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am lisa mateo. this is bloomberg. ♪ ♪ go. go green. go wind turbines. go gorgeous reliable grid. go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >> move quickly now, reestablish credibility now. sometimes i use the phrase, "more game theory, less econometr

temperatures in the south they are getting colder. 33 in allen rock, freezing in mountain view. stanford at 31 degrees. good writing to santa rosa at 34 at half moon bay. everyone is colder this morning. winds will be like. with a drier air in place, we were up through the upper 50's by noon time. by the middle of the lower, bid 60's. a chilly night on the way. even warmer for the next few days before we are talking low slow levels -- low snow levels and return to rain, wind and cold. liz: this morning we are learning more about a man who was accused of shooting two jewish men outside of synagogues in los angeles and is now facing federal hate crime charges. people who live in the area say it is something they never would have expected. >> i never hear anything like this. it is something i always see at another state bha is heading my hometown, and filigree are back in the 1940's. reporter: a los angeles community on edge after two jewish member shot last week. prosecutors say for one reason. >> eight -- an motivated by anti-semitism committed two tremendous horrible acts, targeting indi