dan alpert says stanley fischer does not care about george goncalves. rates, it seems the landscape is changing so much. how can we be sure that what we're seeing in the markets will translate into reality? george: i can speak for our clients as well as all bloomberg viewers probably. no one really steps into investing expecting negative rates and not getting paid what they put into it. to your point, central banks have gotten to a point where they are not really just trying to help financial assets but they are trying to put in place their monetary policy objectives in order to hopefully change things. but as we said before, as dan said, the efficacy is questionable. tom: there is that dreaded word, "hope." ,onnie: making a policy error or if this is a policy error in the making, they could not have known that. you are saying that because this is subsequent development, market hasge: the been flattening and rates have been lower overall. this latest move has been aided and abetted by this view of negative rates, but i think the market has been suspiciou

here's george can call this debt here is george goncalves saying an abrupt reversal leading into bankingenges. it is a wonderful way to bring in liz ann sonders of charles schwab. honored to have stephen major of hsbc. our banks -- what an interesting time. all the years we have done this, it has never been more interesting. how do you make money as a utility bank with the curve flattening out. liz ann: not very easily. we have seen an incredible reversal in many of the financial stocks which, in advance of and the immediate aftermath of the rate hike in december, you got quite a lift , and now it is fading. tom: what are the flows that you're seeing a charles schwab? you have a window into retail america like no one. what are they doing with their money? liz ann: they are weak. if you look at aggregate, the 52-week trailing average of flows has gotten to a more extreme in terms of outflows than even what we saw in 2009. the fear factor is extreme. en major,tephev banks are not the priority now, are they? steven: the last thing we need is the fed tipping the global economy against recess

that's what some say is happening to one prince george's county high school, slated to be closed. >> delia don -- delia goncalves has more. >> reporter: that's right. parents say the stakes are high. if we don't pay for high school now, they say, we'll pay for jail later. it's extreme. but an example of just how serious a problem parents consider this move. a move they say that is happening right under their noses. >> actions that i see going on right now, tells me, head, it's a done deal. and that's a crime. >> sharon sims says teachers at the former military academy have been given marching orders to start packing up. >> if you are going to have a vote that has not happened, then why are you doing this? >> reporter: the school board could vote to close forestville high school, at the end of this school year, studying low enrollments with less than 800 students. >> if it does, i really wouldn't be surprised because everyone is talking about it lately. >> reporter: the move is part of the county's master plan to free up the school. but alumni argue the county's boundaries and removal of the top-ranking military