anthony: james pankiewicz, brit and black belt in shorin-ryu karate, moved to okinawa in 2009 to study budo of the karate sensei on the island. earlier i met james and hokama sensei in makishi public market in okinawa's largest city, naha. >> james: that's the tasty one, right, we'll take that one. >> anthony: and what are these? >> james: so these are puffer fish. so, we got some -- they're gonna do some deep-fried fish for us. >> anthony: gurukun, the unofficial national fish of okinawa. and porcupine fish, both battered and deep-fried. >> james: we're gonna do sashimi. >> anthony: okinawans eat just about any kind of fish sashimi style. for us, snapper and parrotfish. >> james: and lobster. >> anthony: because one must. served raw and still twitching in the shell. >> james: and we're gonna get some sea grapes as well. >> anthony: oh good, good, that's, uh, super traditional. sea grapes, the classic regional side dish dressed in rice vinegar. what you buy downstairs from vendors. for a small fee, restaurants will cook it for you upstairs. >> james: wow. >> group: oh my god. happy? >> anth

so if you don't have that going up and we could argue about reasons why, budoes that take t steam out of the ship you described? >> yield curve is flatter. steeper yield curve would be better for finance industry. short-term rates moved up. that's going to be very impactful. even with the flatter yield curve, we believe that net interest margins will inflect this year after six years of declining. that's a very powerful force. >> you mentioned there's a lot that the president can do, administration can do without congress. how important is that now post the failure of obamacare repeal and replace? to your calculations on what's likely to get done. look at what the administration can do without having to get it through congress? >> first of all, let me give perspective to this point, which is that the u.s. banking regulators have gold plated the capital standards for banks so the u.s. banks have higher capital standards than the rest of the world essentially. what we've done to answer your question is we've taken those calculations from the higher standards and just gone to what are gl