regulator his concerns going back to 2015 greg zuckerman co-wrote the piece and he's here with the details. before all of that, though, let's get the latest market moves. if you didn't know dom chu, you would think it was a quietly positive day >> although i've switched telestrators, kelly. normally i'm 20 feet from you and now i'm over here at the noble, but yes, it is a green day and we are just about near session highs right now with the dow industrials up 366 points and 39.45, so still below the 4,000 level and the nasdaq composite is the laggard just about flat on the session although modestly green and up seven points to 11,637 one of the key moves we're watching is in interest rates with the fed meeting coming up and an interest rate decision coming up, what's happening here we're ticking higher, actually, right now. so there has been a little bit of selling pressure in the face of all of the buying and bidding that we're doing for the safety of u.s. government bonds right now the two-year note yield is 3.93% the ten-year note yield is 3.48%. remember, just a couple of weeks ago. tw

greg zuckerman a writer at the "wall street journal." good to see you. only thing i can hope is that there's way more due diligence being done than perhaps there was for the other loss and those issues. when i asked a friend of mine on wall street, okay f we have the losses on office what should the banks do? i don't know. they can't hedge it. if you sell it you realize the losses which becomes a problem and perpetuates the cycle. raise cash, that destroys profitability in the long run. so, you know, yes, it's an unknown, but it's not clear there's a lot vulnerable banks can do about it. >> veterans like steve and yourself, we think about 2008, there's issues with housing and concerns on the part of banks and others but probably baked in. that's what the bulls said. then a realization there were concerns. similarly, now we're looking at interest rate risks at institutions and commercial real estate. the issue is, you've got two big lenders, signature and svb in the market, higher rates, people have leases coming due and realizing they don't need as much