. >> bill rudin with us at the exchange, the commercial real estate crisis brewing in some of the country's biggest cities. >>> two of the most popular brands for consumers joining us on earnings. >>> let's begin with some regional bank turmoil. pacwest shares down big today after recording this big deposit outflow and news that the fdic has a plan for big banks to cover up the losses of svb let's get to leslie picker. >> you can see pacwest shares are down 22% there was a revelation in a filing this morning that showed deposits fell 9.5% in the week through may 5th. that was last week as you recall, we heard the evening of may 3rd and cnbc also confirmed they were having discussions with potential partners, be it investors or strategics to evaluate their potential options here normally that would send shares higher that sent shares down about 40% on the week. we now know from this filing this morning that spooked depositors they saw some significant outflows in addition to the about 17% declines they saw during the first quarter in the wake of the silicon valley bank and signature failure.

. >> earlier, we had an interview with bill rudin, very new york city centered. are like the complementary side of that some of the head winds they are experiencing may be tail winds elsewhere. >> it was great to be with you thanks for your time >> i'll be thinking about you the next time i go to kroger's >>> we have a 30-year bond option rick santelli has the results. >> 21 million 30-year bonds. the yield of this 30-year bond dutch auction, 3.741 where was the one issue markets trading? 3.755. so lower yield, higher price if you're selling, you always want to sell at a higher price so the treasury did quite well a as in apple for this auction if we look at all the metrics, direct bidders, 17.4, otherwise this one would have finished with an a plus kelly, we see yields are down. we see that inflation on the wholesale level is down. we see initial jobless claim in particular were higher and here we sit, down in yields from 2s out to 30s back to you. >> rick, we appreciate it. >>> markets are under pressure today after that news about the labor market applications

. >> bill rudin with us at the exchange, the commercial real estate crisis brewing in some of the country