joining us now is citi group chief global economist nathan sheets he's been at the federal reserve asomist sh as well you expect them to go higher by 20 bases points next week, then what >> we had originally expected a 50 basis point rate hike given the extraordinary developments we're seeing in the banking sector and markets, we think the fed is likely to nod its head at the financial instability and, as a result, only hike by 25. i really do think, though, there's going to be a debate around the table, and it's not going to be between 25 and 50. given everything, it'll be between 0 and 25 our expectation is that inflation remains hot enough that the fed will prefer to hike a bit. over time, they're likely going to need to hike yet more to ex extinguish inflation. >> do you think the cuts in june are mispriced? >> i think june sounds pretty aggressive to me for cuts. both because when i look at the inflation story, that's still looking pretty hot by the same token, you know, i think there's a lot of risk out there in the financial sector. i was at the fed through the global financial

powerful companies in the world, the total investment in construction with the participation of the city group in our country is $ 1.5 billion , the president proposed to concentrate on several areas of work, firstly, in the construction of a mining and processing plant in belarus, as well as to continue the construction and development of bnk facilities, there was no rejection from the gray hairs of pina, therefore, our president did not tell the project. we are really proud that we managed to drag you to belarus and you work in belarus we hope very much we hope after this visit and negotiations with the top leaders of the country, including my good friend in connection with the foam, that our cooperation will only expand with us there will be no problems in the future with the development of new projects, especially in terms of the creation of the construction of facilities of your company of belarusian facilities on the territory of belarus, together with china, we want to show with these projects that cooperation in belarus with china is not just trade and exchange of goods, it is the crea

during negotiations with the chairman of the board of the city group corporation , one of the most powerful companies in the world, alexander lukashenko suggested concentrating on several areas of work, firstly, on the construction of a mining and processing plant in belarus, as well as to continue the construction and development of bnbk facilities. agreements reached at the highest level. juhi assured the corporation that it would be worthy to implement joint projects. really. we are proud that we managed to drag you to belarus and you are working in belarus we hope very much we hope after this visit and negotiations with the top leaders of the country, including in his good friend, that our cooperation will only expand, and we will not have no problem looking forward to by developing new projects, especially in terms of creating the construction of your company's belarusian facilities on the territory of belarus, we, together with china , want to show with these projects that cooperation between belarus and china is not just trade and the exchange of goods, it is the creation of high-tec

belarus they are proud of cooperation with one of the most powerful companies in the world, the city group corporation , the total investment in construction with their participation in our country is $ 1.5 billion in negotiations with the chairman of the board of the corporation alexander lukashenka proposed to concentrate on several areas of work, firstly , on the construction of a mining and processing plant in belarus, and also to continue the construction of the development of the bnpk facilities. no rejection of usidin pina, therefore , our president told the project, blue assured the corporation will adequately implement the agreements reached at the highest level. we are really mountains. all the fact that we managed to drag you to belarus and you work in belarus we hope very much we hope after this visit and negotiations with top leaders of the country, including my good friend sidepin, that our cooperation will only expand and we will not have any problems . with these projects we want to show china that china's cooperation in belarus is not just trade and exchange of goods, but

morgan chase city group, bank of america and goldman sachs. argentina central bank has raised interest rates to 78 percent. the $300.00 basis point increase comes after year on year inflation exceeded a 102 percent in february, reaching triple digits for the 1st time. and over 3 decades. new zealand has become the latest country with at least past or restrictions on tick tock. banning the video app from any device is used by parliamentarians is due to cybersecurity concerns and it follows similar measures taken by the u. u. s. meanwhile, wants to band tick tock entirely. if chinese ant bite dumps went divest it steak and strikes it for german airports of lead to the cancellation of hundreds of flights on friday, german union verde called on security on ground handling staff at airports in dusseldorf, cologne, bon stood grip, stuttgart and bowden, bowden to strike over pay and working conditions. in total, almost $700.00 flights with rounds, $89000.00 passengers were cancelled next, the word renewable might conjure up images of wind farms or solar panels. but what about burning trees? a

now really the banks are the ones that have not hit the hardest goldman city group. sliding regional bank certainly sliding. but what we're looking at is investors panicking, looking around at the financial sector at s p b at signature bank at credit suisse and saying this is incredibly unstable or pulling out their money and trying to find investments that will pair their losses . now we were just speaking about the difficult situation that central banks find themselves and right now that you tv, especially because of the interest rate. hi, tamara, how might the fed react to this volatile economy? well, the fed has 2 objectives, right? it's to ensure financial stability in the economy and to tame inflation. now the ladder of which it has been doing from unprecedented rate hikes here in the united states and it does appear to be bringing down inflation. however, it is causing some financial instability. we can certainly say it contributed to the failure of silicon valley bank and subsequently signature bank. there are also some issues there about the fed supervisory issues, but with

okay, bank of america, morgan, citi group, jp morgan up up percentages and that's a nice gain. that's the markets and the banks. now this. in loss angless, 600,000 students will stay home as the teachers walked out in solidarity and more than 1,000 schools shut and no remote learning. laughably the school staffer's union said they're walking out because they accuse the school district of unfair negotiating tactics and the teacher'sdownon backs them up. the public schools in our big cities are a disgrace. has to be said. the democrat-run teacher's union don't care about the education of children. how many times do we have to report the chronic decline of the teacher's union and public schools. randi wiengarten giving the schools $122 billion despite their failures and teachers in los angeles in solidarity demanding more money and more pay. in chicago, there's a mayoral election and the teacher's union backing a far left candidate, mr. johnson. he taught in the public schools and collects a huge pension. if elected, johnson will be negotiating with the union that pays him and put

and inessa kovalevskaya and also the head of the folk art group joy e viktor gatsulenko, the city of sevastopol and larisa feoktistova, the artistic director of the dance ensemble joy the city, murmansk such are we bright? let's congratulate these three young and very bright representatives of our national culture. they certainly deserve it. we are proud of our laureates. ah, well, as always. i'm actually very proud of the work of the cultural buying council that makes the decision. moreover , the decision is made by secret ballot with the utmost honesty. uh. we have a big council of more than fifty people. we are going. uh, we are discussing those candidates who are about to reach the final and get on the voting list. and uh, then after the deliberations of the board members. means, here uh hmm mystery fill out the ballot and uh, in general, in recent years. in my opinion. were not mistaken, uh, choosing those, uh, who stopped kisses for everyone? cultural figures are simply the very title of a laureate of the presidential award. this is a great incentive and a great reward. well, i

well the corporation is and city group and others want it to be the end of free and cheap water. that's their argument. they're saying, oh yes, it's a human right because they can't fight that anymore because everybody says ear, awful person, if you, if you deny it, right? so, oh yes, it's the human right. but the end of free and cheap water. when they say it's got to be a commodity, it's because they know that the scarcer it becomes in a world where you desperately need water there's, there's gold, it's called, it's blue gold. in stockholm mod, barlow appears as the grain of sand capable of bringing the watermark at machinery to a halt. there are an awful lot of people in elite circles in let's face it, the no bells, pretty elite that believe that the best thing to do for what the water crisis is. commodified put it on the open market like oil and gas and see what see where it goes from there. right? so i, i, for me, it represented a breakthrough in arm in getting our message out that we have to see water as a human, right. as a public trust and something that belongs to everyon

so here are the big names involved: bank of america, citi group, jpmorgan chase and wells fargo.hose, as we understand it, is going to make a $5 billion uninsured deposit into first republic bank, $5 billion apiece. goldman sachs and morgan stanley are each making a deposit of $2.5 billion probably because neither of those two has consumer bank branch, right? they're more an investment bank. all of those stocks are moving higher by anywhere from 1-2. we then talk about the mid-sized banks that are joining in the on this coalition. bank of new york mellon, pnc, state street, truest e, which you may remember was cobbled together with the merger of bb&t and sun trust, and then u.s. bancorp. each of those companies, those banks are going to make an uninsured deposit of $1 billion apiece. now, there has been a news report that was coming out earlier, and charlie gasparino basically said that this was in the works last night, so we're talking about a total of 11 banks, $30 billion altogether. so that number appears to have been correct, the number that we gave you at the top of the sho

and later, the leader announced the capture of the eastern part of the city group of wagner yevgeny prigozhin together with the eastern part of bakhmut occupied by wagner obviously came a temporary tactical pause in the direction of the city center in the institute for the study of war does not observe well, it is not yet clear whether the operational advantage of the russian forces will be preserved during future attempts to capture the city, it is also unknown, as i already said, the american institute for the study of war reports about this in its already current report, at the same time, as analysts write , russian forces are preparing to resume offensive operations in the ughledar region of the donetsk region, however, constant problems with personnel and ammunition will probably restrain their progress , analysts believe. well, in the neighboring flank with the russian army continues its attempts to break through and attack the ukrainian troops with a bang, next we will show you a report by maryan kushnir from the vicinity of occupied soledar , you are not afraid well, how scary it is,

information technology the total volume of investments in construction with the participation of city groupsntly 1.5 billion dollars resident great stone. take this opportunity to. i would like to thank you for our successful implementation of projects in belarus and thank you for your support and attention. i want to assure you that the corporation will adequately implement the agreements reached at the highest level. another leader in its segment, as the fa corporation in the coffin , the largest car manufacturer in china , you can often see them on the roads of china popular models and soon they will be appreciated in belarus the auto corporation will start work and we are also talking about joint projects personal communication. heads of state are always given a powerful impetus by the development of bilateral relations of bilateral cooperation. in all areas without exception. this was also reflected during this visit in the form of the signing of a large package of bilateral agreements and agreements. 27 intergovernmental interdepartmental and international agreements were signed. about

morgan chase city group, bank of america. and wells fargo agreed to deposit $5000000000.00 apiece in 1st republic with other banks supply smaller amounts. in a joint statement, the big bank said their rescue plans showed their confidence in 1st republic and banks of all sizes which they added are critical to the health and functioning of the financial system. are pretty jar, jovial group treasury secretary, janet yellen tried to convince congress and the public that there is no cause for panic. when my lead, i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure that our financial system remain strong and the depositors savings remain safe. will the private sector rescue and public sector rhetoric be enough to quell investors? queasiness stock, market indices, closed hire one sign the strategy may be working. but analysts say there is real fear in

as a result, goldman sachs gp morgan bank of america morgan stanley city group and wells.f the total cost of analytics indicates the situation is already reminiscent of the effect. domino well, however, biden assures that everything is under control. vladimir putin discussed by phone with azerbaijani president elham aliyev practical measures aimed at ensuring security and stability in the south caucasus after the tripartite agreement between the leaders russia, azerbaijan and armenia exchanged views on the development of transport , logistics and economic ties in the region. this means that earlier vladimir putin met in the kremlin with the head of the republic of south ossetia, alan gagloev, the leaders noted the relationship between moscow and tskhinvali is of a special nature, cooperation is actively developing, as well as programs of socio-economic assistance to south ossetia, we are developing relations in all areas, including e, and in the economic sphere, avata growth was 12% over the past year. in principle, good indicators in terms of ensuring security on the terr

but now the commander of russia's mercenary wagner, group claims the city is almost completely surrounded. a wagner group units have effectively encircled buck mute. there is only one road left out. all the pins is a closing room, while most roads in and out of but most have been cut off, making it difficult for ukraine to resupply its forces. those that remain open are under constant fire from russian artillery. as russia closes in their affairs, that ukraine's forces may become unable to retreat. throughout it all, medics continued to ferry the wounded, away from the besieged city. those injured on the front line in buck moot, transferred to hospitals in safer regions. in the western city of la viv, president for low to mid zalinski thanked both soldiers and doctors for their tireless efforts. hello, john william, i want to thank you for helping so many of our soldiers and heroes to get back on their feet. you know, the country sees your work and values a highly on there are very highly are wooden, was a which in lieu few expected buck motor to hold on this long. it's capture would mark

igor is not far off and the moscow city group travel reminds fans of skiing camp site and six me on theass winter season. they saw the whole day. but i'm not. no. no, where did you go, huh? only chur, girls do not whimper. forms space and color please, but this is not yet a form, maybe in me, he says, the schedule readily admits, but came. yes, here is your rook lining. i'm sorry. i went here. and now you don’t think that even the modigliano in his local color was drawn with him first of all, because he takes what, well, what is your move, sir today the most relevant event from the world of sports on a car continues to fight for play-in success, who yes on the right to compete for the playoffs of the kharlamov cup hard training and interesting meetings. perfect shooting, it turns out when i don’t think about anything, when i was still running about 5 years ago. i think why do i need all this at all every time it was hard when there is competition, and you try to show yourself more, work harder, and it seems to me that this is only for the benefit of victory and defeat. everyone is worki

communication in its program, sports competitions , games is just around the corner, winter and the moscow city groupdgments. yes, ships to your servants delivered cabins on the first second of june. the winter season they will be calling all day long. but i'm not. no. no, where did you go, huh? only chur, girls do not whimper. forms space and color, please, but this is not yet a form, maybe in me, he says, i readily admit the schedule, but you walked. yes, here's your rook podboom. i'm sorry. i went here. but you don’t think that even the modilian with his local color was first of all drawn with his, because he takes what, well, than your line today the motto of our participants is not to give up, to fight and go to the end. as far as i remember, it is necessary to say did not laugh. they laughed at me . and i chose the option. betty times. it's like i remember exactly that in this word only the letter r is doubled. each time, they surprise us with their reasoning. so confident in their answer, of course, and doing their best to take the main prize, the main inventory. women's hockey line women's ho

now really, the banks are the ones that have hot hit, the hardest goldman city group. sliding regional bank certainly sliding. but what we're looking at is investors panicking, looking around at the financial sector at s b, b at signature bank at credit suisse and saying this is incredibly unstable or pulling out their money and trying to find investments that will pair their losses . now we were just speaking about the difficult situation that central banks find themselves and right now that you see be especially because of the interest rate high to morrow. how might the fed react to this volatile economy? well, the fed has 2 objectives, right? it's to insure a financial stability in the economy and to tame inflation. now the ladder of which it has been doing from unprecedented rate hikes here in the united states and it does appear to be bringing down inflation. however, it is causing some financial instability. we can certainly say it contributed to the failure of silicon valley bank and subsequently signature bank. there are also some issues there about the fed supervisory issues,

silicone welly suffers billions in losses and such financial giants like gp morgan bank of america city groupds us of how quickly things can change, how rapidly events are developing finance ministers, the eu is going to an emergency meeting to assess the prospects against the background of the collapse, it is important for the silicone bank corporation to predict. how will this affect the banks in the euro area? what are the risks? bursting silicon valny credited startups silicon valley , which means that the entire technological chain of production processes is disrupted, according to cnn, this has become the largest the bankruptcy of an american financial institution since the 2008 crisis. now the financial sector. all the masks have been thrown off, all the grandiose inflated bubbles are blown away, and now , against the backdrop of high inflation, a growing deficit, the impoverishment of the population, the american printing press is working just at crazy speeds, how this scheme works was eloquently explained by the official representative of the russian foreign ministry explain how the

from different provinces of our country, beshagerd hozor city they are working with the jihadi groups of beshagard city, they are doing construction work , educational work and a very good program is being followed by ahmadzadeh in beshagard city. it is a very valuable work and we want to do it ourselves , which costs a lot to be able to do it. a mountain village in beshagard golbahar roish, the subject of the package proposed by the islamic revolution publishers association was placed during the holy month of ramadan. this book deals with the prayers and virtues of the month of ramadan, the awakening of nature and the spring of the qur'an, the season of self-improvement and transformation , along with prayers that are part of it in i want the book bahar roish to be the voice of the host. this is what we have to say. the speeches of the late ali safai haeri, who cited the sahifah sajjadiyeh, for those who read the book bahar roish , we will get to know more about the form and nature of the fight, the types and rituals of prayer, and the exclusions. start any type you want in you can s

number of nine jihadist groups and the number of 420 children jihadi groups from different provinces of our country are present in the city of tamashagar, along with the jihadi groups of beshagerd city, they have construction works , educational works and very good programs are being followed equally in beshagerd city . mohammad jihadi group's services are satisfied . ali zarei, radio and television news agency, mountain village in beshagard, and the new series of the rah madi documentary series produced by the cultural foundation documentary group, the narrative of the conquest of ramadan, is on the air of afog sima network every day. the fathers and mothers of the martyrs express their memories of their children on television. i love you, my mother, imam zaman javad, why is she crying, madam, pizza, i am awake, my heart aches for you, oh god , it is back, the story of this mobilization was in the village and remote villages. they were around kerman but it's strange that even a very simple basij who doesn't know anyone from me, haj qasim, came and explained that the new episode of this series is 30 episodes that is being

the bank is not stepping up include, jimmy morgan chase, bank of america city group, and -- , one on thursday, there each making a five billion dollar uninsured deposit into the bank. also, stable existing markets, they will be barring 50 million francs from the swiss central bank. that sense, is shares are surging. this is a major development for the larger economy because credit suisse is continued a systematic important bank for the global market. and, that just means it's too important and too big to fail. since sbp's trouble began last, week markets have been on a wild ride, posing follow till swings. so, what is ahead? brian leveled, a global marketed challenge for investment, that's in dependent -- however policy makers stand ready to provide support and the decline in inflation and the right exit provides some optimism. rahel solomon, cnn, new york. >> now, despite the turmoil and the banking sutter, european regulators are moving forward with another interest rate hike meant to fight inflation. the european central bank has announced a half point increase, it just a week bef

silicone welly suffer billions in losses and financial giants such as gp morgan bank of america city groupn, it reminds us of how quickly things can change, how rapidly events are developing ministers finance, the eu is going to an emergency meeting to assess the prospects against the background of the collapse, the silicone bank corporation is important to predict. how will this affect the banks in the euro area? what are the risks? bursting silicone money lending to silicon valley startups, which means that the entire technological chain of production processes is being disrupted, according to cnn, this has become the largest bankruptcy of an american financial institution since the 2008 crisis . now the financial sector. all the masks are off, all the inflated grandiose bubbles are blown away and now, against the backdrop of high inflation, a growing deficit, the impoverishment of the population, the american printing press works just at crazy speeds, how this scheme works was eloquently explained by the official representative of the russian foreign ministry explain how the us authorit

lied about several elements of his past, including college degrees and work for goldman sachs and citi groupd also personal and campaign finance violations. >> john: jury deliberations set to begin any moment in the alec murdaugh trial. we are going to talk to the attorney for murdaugh's housekeeper who mysterious died. he testified that murdaugh stole a $4 million life insurance payout from his family. that is coming up next. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. subway keeps upping their game with the subway series. an all-star menu of delicious subs. there's the philly, the monster, the boss. if i hadn't seen it in person, i wouldn't have believed it. eating is believing steph. the subway series. try subway's tastiest menu upgrade yet. think he's posting about all that ancient roman coinage? no. he's making real-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never sto

group. tell us about zack rosen. >> she is a tech executive member and the founder of a nonprofit that is pro-development of housing being here in the cityshe is forming this group abundant sf with todd david and together they are recruiting what is a network of tech executives who are reason families here in the city and they intend to collect up to almost four or $5 million per year and they said they will spend it on the set of causes and candidates to support those causes over the course of decades, not just a few years or one election cycle. >> interesting. so these families have the wealth and they are committed to staying in san francisco and keeping the money pipeline going. what are the causes they are focusing on most? i assume they want more housing. what are their key goals? >> housing and transportation are the top two by far. they feel like we need development of all sorts. it is this idea of abundance which has gained traction nationally over a number of years. with tiger supply of housing, more costs will come down and you can get more people off of the streets. the same goes with getting more funding and opportunities to

nine jihadist groups and 420 children from different provinces of our country are present in beshagerd cityong with the jihadist groups in beshagerd city, they are doing construction works and following very good programs and educational works in beshagerd city. alhamdulillah, lord of the worlds, it has made the people of beshagard happy. the man muhammad is doing the services of the jihadi group for us . it is a very valuable work that we want to do ourselves . the severe flooding of the river destroyed and caused damage to lands and people. ali zarei, sada and sima news agency, a mountain village in beshagard ab bahar roish. let's see the awakening the nature and spring of the qur'an, the chapter of self-improvement and the transformation of the soul, along with the prayers that we sing a part of in the book spring, this is his voice and this is what we have to say. in the spring, we will get to know more about the necessity and nature of the fight with the types and manners of prayer . it starts with the introduction of the discussion of rain and exclusions. the growths are the months of

this rolls out and continues you'll see pressure on the big babanks and not doing too badly and citi groupown, okay, had been down more earlier and watch the big banks and show me gold, up 2.5% at a one month high and $1913 app ounce. got that. case closed. lauren, liberals blaming trump for the svb collapse. which one s? lauren: easy. senators elizabeth warren and bernie sanders. they blame trump and the 2018 rollback by congress, congress voted to roll back some of dodd frank and subjected the owners of the banks to the biggest rules and senator warren said the recent bank failures are a direct result of leaders weakening financial rules and sanders, well, he says essentially the same thing. you know, there's a lot that contributes with this and what about easy money policies and all that's reserved and the dramatic increase and they have to contain that and extending and there's a lot of poisons that are behind this. stuart: warren and sanders wanted much more spending. they wanted trillions more, ignoring entirely the effect on inflation and interest rates therefore on the banking cris

the legitimate story of the city and pressuring it to take action is the result a group called justice working group, when it comes to racism in america, they often remember the famous image that shows that people of color had separate water taps and did not have the right to share water with white people , but american racist policies are not limited to these things. and finally, the corona until today, the basic rights with clean water, the deep pain and loss, is the answer to the skin color of the people, and the current water crisis in fraser, michigan and jackson, mississippi . blue worship it portrays, but racism in america starts from stealing native water, whose land is inhabited by white people and their lives have been disturbed. this is because of america's mistakes, and there has been a drought. for years, farmers used the water in the area above the kulu river to irrigate crops because it was the river of their home. now all these areas need pure water for us to pray . we need this agriculture. lord who to all the thing that gave life to this album is that they say that wa

the most important changes in the 2022 world cup will be held in 16 cities. the groupge will be held with 48 participants in 12 four-team groups and each team will play 3 games in this stage. the top two teams in each group will be the eight top third teams. the groups make up the 32 teams present in the round of 16 and the games of the knockout stage are held in this world cup. in order to win the championship, a team must play 8 games instead of seven games, which means an increase in the number of games from 64 games in the cups. previous world to 104 games in 39 days hamidreza hejazi sada news agency and sima was held. the love of the desert and the effort to maintain health, a group of nature lovers and the desert pulls hikers into the heart of the desert. sports, health , and family and social vitality. mountaineering and nature tourism, our whole effort is to make this legacy of preserving the forest, environmental education, recreation and entertainment, and performing local native games from other programs with two elements, each program, in fact , to make fre

banks including the big unfailible four, jp morgan chase, bank of america, wells fargo and city groupic rebounded jumped more than 10% after the bank shares plunged so much earlier, it was halted to prevent from it completely crashing down more than 80% in the past week or so. the question is. whether this is the beginning of the end or just a step on the way to something really bad. is every bank about to fail getting a rescue or bail-out up front douglas diamond noble prize winner in economics for research on bank runs he predicted five months ago that the feds rapid interest rate hikes we've seen eight in the past year would trigger massive losses for banks. he's also a professional at the university of chicago booth school of business. and professor diamond i want to the get to the first republic news a moment but first to take a pause here. interest rates are going up. five months ago, you were loud and clear and that interest rates would wreak havoc on those banks. the question is what did you think would happen are you surprised by what we've seen >> i'm quite surprised realize

i sent a good welcome to the group and we selected 20 groups from 14 different cities and invited themhe program . they performed the show in the form of a show program. we are waiting to see which three people you chose the groups with . they had the opportunity to participate by calling in the virtual space and on tv and in 15 days to send their works, of course, the provinces that introduce the groups that are active in the province, hassan introduced us to the center of intellectual development with the theater house and various fields that are related to the puppet show group. in fact, these 40 works were introduced and 20 works were presented by the judges and experts who were in the program. the selection of the format of this puppet show for children is an old flat format on interview tv . it goes back many years ago. that stream the puppet show that was almost two decades ago, i see a lot of revival in the television show space . we have had a very rare show for children on television for about two decades. a bit locked in the topic, the reasons are very diverse, we are trying

i look at those institutions, the jpmorgan, chases, city groups, and i think they were in a lot better shape they were before the financial crisis. i'm not worried about that. but i'll tell you, there is something that is real worry and his psychological as well. that's that most americans know that we have been in a period of very, very low interest rates and very easy credit for a long time. we kind of know that in our hearts and in our minds, and we know that that is going to change at some point. the economy does go up and down. we are do probably for something of a correction even more than we have seen at some point. i think people feel that and that gets to the psychological issue that you raised. >> well everyone here on the panel, phil against the president was very much interested in talking about how people are feeling, so that they know that it's safe. it reminds me a little bit of what happened before. you don't feel like things are happening, he's talking buttered optimistically then. this time he wants that same level of optimism. he wants people to feel like the banks a