let's bring in brian chappatta. in the steepening today curve. se of the long and which speaks to a belief that for the first time, the fed might change of their plan. brian: for the first time in a while, there is not a huge flattening in the market. the two-year treasury yields were going haywire as were a lot of the other short interest products. there has been record problems. changebeen an incredible about-face of where the fed is going. you're going from three rate hikes next year which is what the fed prices and themselves, and now we are not going to price in one. that has been a complete turn of events. romaine: what do you make of going from one extreme to another? i feel like we are now at a stage were no one is really believing the fed will go anywhere. what trapped is that set up if the fed does continue? brian: traders are saying this is the trading markets right now. buyer beware. whatever you do, you have to be careful because there is no easy answer right now. to your point, we have gone to an extreme. the fed to say we are data d

brian chappatta writes it's not a typical checking account. brian joins us now.rebranding of the very foundation of financial markets. brian: the key here is that it is a checking and savings offering. it's not an account because it is not. that is getting them into hot water. we were on top of the story and and said ihe head didn't see this coming, i'm not sure we protect this. that's a real concern has this was supposed to be an ultra safe investment. so they say it is a savings and checking offering versus an account, that seems like the the thing is kind of that should not be allowed. brian: that sort of like the disruptor type angle. it's a different kind of account, but basically a money market fund that you have perks you could use your debit card and withdraw from it. but being disruptive with your of money versus my money is. two separate things if i give them $100,000, what is the guarantee that i will get back my $100,000? brian: that's the interesting thing. typically you are guaranteed up to $250,000 insured. one thatis the ensures securities. though

kawa and brian chappatta, great to get your perspective. tilray trading higher again.ere is a joint venture with $50 million invested by both. from new york, this is bloomberg. ♪ romaine: faang stocks are falling again once again today. for regional banks, they have only risen one so far this month. it's on pace for their worst year since the financial crisis. here to talk more a little bit more about the performance of regional banks and where we are headed in 2019 is an analyst at kbw joining us from boston. brian, when we had the fed meeting today and we saw regional bank stocks selloff, what is the case to be made for regional banks heading into 2019 given what we know about the fed's rate path? >> thanks for having me on. it has been a tough year for faang stocks -- faang stocks. .he regional -- bank stocks the regional has been beat up by debate. when we look at 2019, we see challenges. the three things for the stoxx is slowing loan growth, we expect 3% loan growth next year. at margins we look which has helped buoy earnings in last few years. we are expecting a