bruce richards here. when we talk about opportunity you see in the banks, we're not really talking on the equity side we're talking to your wheel house, which is on the debt side. >> for the equity side, these regional banks, there's a lot of regional banks, literally thousands of small and regional banks, you're going to have a real problem with earnings coming up. net interest margin is really getting squeezed as the cost of funding is going up and their loan book is yesteryear's levels of 4% rate on fixed rates and so you're seeing them really getting squeezed which means they're going to have to probably look to cut the dividend, and the equities haven't really focused on that yet. i understand that kb is down 35%, the index of equities from the highs in february. you're going to start to see an earnings problem coming next there's a liquidity problem and an earnings problem here. >> so whether jamie dimon says as i write this letter, the current crisis is not over yet, you're nodding your head in agr

bruce richards is me today along with anastasha amaroso we'll get into all of this for the weeks andhead jimmy, i would like your sort of feel on how the market has been acting over the past couple of days as the calendar turned april, which is seasonally supposed to be good. >> it's been hanging in there, but today sucks. it does not feel good. i don't like the action today. that said -- >> it's not that bad the s&p is down only 28. >> here is what i'm looking forward to give me the average hourly earnings and labor force participation rate on friday, that's going to cover my mood one way or the other, all those data points. >> josh? >> jobs numbers. >> for me, the market is going to be closed >> i really feel like the jobs numbers are starting to become more important if you see the reaction today is on jolts, which no offense, america, fake number >> but non-farm payroll, the initial claims that you want to continue to watch. >> it's weekly this is a bigger one >> the four-week moving average you smooth out in initial claims that's the better read, in my opinion. >> agree to disag

and he said all of this in the weeks leading up to the murder >> richard was bruce harkey' attorney heelling polic through sport of the plot. >> my theory is it's all car and that was essentially our testimony. and the testimony of carl an the trial makes it clear tha this guy was erratic personality. he gave numerous different descriptions of what the event were, how he did it, why he di it, and it was - >> originally, he did not do it? >> well, i did not do it, i di not deal with. and if i did do it, it was because this >> and finally - >> exactly >> sort of at the point wher prosecutors and police started to talk about the death penalty? >> and my question, and in any case where there is a statemen from a witness, was a lot to lose, what's the most likely t be the truth >> joe is my question karl presley's credibility, but the prosecutors had a bombshell in his arsenal. turns out, jurors, this was no bruce harkey's first time. mcafee told the jurors juror the ten years earlier he had done prison time for his rol in another murder plot, and in an unsuccessful one that targeted one of