moody's lowered debt ratings by a notch to jp mrgan chase, goldman sachs, morgan stanley, and bank of new york mellon. moody's confirmed ratings for citigroup, bank of america, state street and wells fargo. moodys says all 8 banks are rated as investment grade and have a stable outlook. president obama is calling on his supporters today. following a rocky start to the massive insurance overhaul, the president said he'll hold a conference call with supporters today to discuss immigration reform, healthcare and more. meanwhile, both sides of the aisle are looking for a fix in light of the recent changes to obamacare. friday, the president met with insurance executives to brainstorm ways to fix the current situation. the president met with insurance executives to brainstorm ways to improve the current situation. " because of choice and competition, a whole lot of americans who've always seen health insurance out of reach are going to be in a position to purchase it. and because of the law, we're also going to be able to provide them help even if they are still having trouble purchasing that insurance. b

banks a consequence of the slim to none chance of a government bailout for these institutions in the future goldman sachs j.p. morgan morgan stanley and the bank of new york mellon had their long term senior unsecured debt ratings by one notch the agency made the changes as a result of banking reforms implemented by the dodd frank act now the reforms per banks ability to make risky investments and place new regulations on some complex financial derivatives moody's believes the u.s. government is less likely to step in to support troubled financial institutions. and finally there we have it remember this classic flick i know you liked it. let's just. you just get is you. now while revenge of the nerds might have been fiction the revenge on the n.s.a. by the nerds of silicon valley is all too real by using a harder to crack code google facebook and yahoo are fighting back against the national security agency for authorized spying on users the companies say they must show both their networks and their online customers data in order to assure users that connections are secure and data can't be grabbed while the n.s.a. may ultimately find ways around these barriers t

banks a consequence of the slim to none chance of a government bailout for these institutions in the future goldman sachs j.p. morgan morgan stanley and the bank of new york mellon had their long term senior unsecured debt ratings by one notch the agency made the changes as a result of banking reforms implemented by the dodd frank act now the reforms per banks ability to make risky investments and place new regulations on some complex financial derivatives moody's believes the u.s. government is less likely to step in to support troubled financial institutions. and finally there we have it remember this classic flick i know you like to. just get is you. get the earth. now while revenge of the nerds might have been fiction the revenge on the n.s.a. by the nerds of silicon valley is all too real by using a harder to crack code google facebook and yahoo are fighting back against the national security agency for authorized spying on users the companies say they must show both their networks and their online customer's data in order to assure users that connections are secure and data can't be grabbed while the n.s.a. may ultimately find ways around these barriers th

banks a consequence of the slim to none chance of a government bailout for these institutions in the future goldman sachs j.p. morgan morgan stanley and the bank of new york mellon had their long term senior unsecured debt ratings by one notch the agency made the changes as a result of banking reforms implemented by the dodd frank act now the reforms per banks ability to make risky investments and place new regulations on some complex financial derivatives moody's believes the u.s. government is less likely to step in to support troubled financial institutions. and finally there we have it remember this classic flick i know you like to. work lunches and. you just get is you. now while revenge of the nerds might have been fiction the revenge on the n.s.a. by the nerds of silicon valley is all too real by using a harder to crack code google facebook and yahoo are fighting back against the national security agency for authorized spying on users the companies say they must show both their networks and their online customers data in order to assure users that connections are secure and data can't be grabbed while the n.s.a. may ultimately find ways around these barri

bank of america struck that's now under fire. b of a reached $8.5 billion deal with same exact investors in 2011 but some bondholders said bank of new york-mellon let them down. a new york judge will decide after closing arguments are heard this week. now, banks are always relieved to solve these issues. citigroup among the banks that have yet to settle with this group of investors as it's been expected to. as we know well from covering these situations, it's not a done deal until all the investors say so. maria and bill, back to you. >> we'll be discussing the outlook for major stocks later on "closing bell" when i speak with prince alwaleed bin talal al saud, who will be here at the new york stock exchange live in the next hour. bill, we have headlines from carl icahn. he basically says, many companies' earnings are a mirage. he says, earnings may be fueled more by low interest rates than strong management. he is talking about the potential of a very big drop in stocks. he says, i'm very cautious on equities. the market could easily have a big drop. he's saying this at the reuters summit. >> what's happening right now? >> that's what we're se

of doing something like this it's a hard policy to actually explain to the public. even harder for the banks because, you know they don't need another pr nightmare. bank of new york-mellonlients two years ago. they had to pull back on the strategy because they got so much bad press. i don't think this is something you could roll out get away with and explain to people what it is and why it works. >> and that's not even getting into the money market functioning that could be affected as well. kayla, thank you for that. i want to get more reaction with the man who once led wells fargo as chairman and ceo, knows a little about banking and he joins me. dick, thanks very much for being here. welcome. >> thank you, kelly. >> wanted to ask you right off the bat about this. if the fed were to cut interest on its reserves should people more or less be pushed out of cash to help the xli? >> i think that might happen. it's a mistake. we certainly don't want the saver to be taking on more risk than they already are taking if they're in the stock market or other things. and even more importantly, it won't have any benefit. a years ago credit was tight. businesses had a hard time fin

jpmorgan up 1%, morgan stanley, new high by the way, highest levels since february of 2011, and bank of new york mellonas well. what's going on here? why are they downgrading them by one notch? actually doing this because the previous ratings were based on government support, bailout support, more regulation, right? you have dodd-frank. now what is actually going to happen is these banks are going to have to count on themselves. i don't know what you want to call it, but they're going to have to shoulder more of the responsibility, and with that, that's why they're doing this downgrade. back to you. connell: thank you, nicole. all right. with the housing market continuing to recover, the commercial real estate market also heating up which we're going to talk about for the next few minutes. it's number four, the emerging trends in real estate markets to watch lists for real estate investment and development. dagen: and closing over 50 deals on new york's top hot spots, president of hicken real estate and -- picken real estate and danielle has a new tv show as well. when did it, when does it air the is.