that's a problem because that was a big leadership group regional banks, huntington bank ceo on they're down today but they're up 2%, 3% for the week stabilization is going on with the regional banks home builders are having a great day in fact a great few weeks here treasury yields are helping and great reports from dr horton today. so here's where we are for the earnings 20% through. 80 companies reporting so far. 78% are beating. that's about the average the average that beat is 4.9%. kelly, if you want to know where things are going, q2 q3 q4 earnings are stable. a little stability we need data for the next week or so before those numbers are going to move. kelly, back to you. >> that at&t in particular oil is also down today what about opec, what do they call it, pippa, opec plus? >> yes a couple of things going on here, first from a technical perspective, the run has been too far too fast creating a chart gap which is now pressuring oil it did fall back below that $79 level which had been a key level of support, the next level here to watch is the 50-day moving average. if it cros

you think it will take for the good banks to rebound to their previous levels in particular, huntington bankokay. it is a very complicated issue thank you. here's the issue what has happened is the price earnings multiples have shrunk to the big money that's the new posture the yield is good. i think you can get two more points, maybe three points probably not more than that you're being held hostage now by all the money centers because that's how the money views the regional think that's the first time it happened so i understand why you might be frustrated. that's the truth let's to go tommy in new jersey. >> caller: hi, it's tommy. what's your favorite sound >> my favorite sound >> caller: your favorite sound >> i don't know. >> caller: it's money, that's what i'm told. what's your thought on this big run on lockheed martin >> it looks real we're way underfunded when it comes to being able to defend ourselves and our allies and lockheed martin is integral. and jim, i know you're coming back on the show it is looking pretty bullish look at this turn. this is the turn i've been telling you

we spoke to huntington banks who said there be more judicious with their own portfolio. >> we think there been a bit of a divergence across the group. by and large, we saw original bank deposits. what are you going to have to do to keep customers and attract more? >> they are really loyal and sticky relationships that are founded at fairplay. we have been growing our primary bank household for the last several quarters. it all comes back in the end. >> i am sure they would have said the same thing. they were sorely disappointed. how fast can you do that? >> we will increase deposits over time. one of the key statistics for huntington as a differentiator is the insured deposits. i understand that was less than 10%. that is the fundamental driver of stability. >> are you being more conservative with your portfolio? we grew in the first quarter just around 8%. >> that was that. coming up, japan's ruling party largely prevails in the recently concluded by elections. this is bloomberg. he's class politics and focus after the ruling party held on sunday. japanese markets will open at the top of

a conversation with the cfo of huntington bank, zach.aking of the broad conversation that was really earnings going into a busy next few days of earnings and the next 12 hours or so, some of the names in the asia-pacific coming out with results. the next few days will be busy as we have been talking about just to give you a flavor of the big names per day coming out, this is monday, getting a sense of that today. there you go, take your pick. a lot of these will be korea heavy. we are moving into earnings season in hong kong. it'll be a big one toward the end of the week. a big property play and one hour into this session, here is how we look. bouncing off the holding average. yvonne: tech, i'm interested in what they think about the pipeline everyone's talking about. coming up, we will talk more about the boj. governor ueda's first policy meeting amid reports the central bank plans to review policies over the past decades. how does that change, where their thinking when it comes to what happens this week. we are live in tokyo. kathleen

huntington. we forecast continued growth for the rest of the year. there has been a divergence in the performance across the group but by and large we saw a regional banks stable, and huntington we grew. >> what do you need to do to make sure you can hold onto the deposits? we have seen a move among peers to money market funds. what will you have to do to keep customers and attract more? zach: it comes back to our focus on primary bank relationships and loyal, sticky relationships that are founded in our fairplay philosophy. we have been growing in primary bank households at a steady pace for the last several quarters, so that is the key for us. obviously, we will meet price to deposits appropriately, but it all comes back to the relationships in the end and of the services we provide. alix: i am sure that svb would have said the same thing. i think we are just trying to get to the deposit data. will you have to increase what you pay on deposits and how fast can you do that? zach: ultimately we will increase over time. there's 25%, we think it will continue to rise over the next several quarters. i will also say one key statistic for huntington as a di

huntington bank was on they had a very good quarter, but they went very much to say, listen, we're notn trouble and if that's what you want to buy a stock for, because they're not in trouble, i'm looking elsewhere. i don't need to be with companies that say they're not in trouble >> the bigger point may well be about the credit tightening that we talk so often about, that we don't have firm data on, but we get a sense for it and hear anecdotes. residential real estate developers, for example, in -- not in this state but in others that are basically saying, listen, it started with the money center banks then we went to the regional banks, but then svb happened, saying it was beginning prior to, jim, the svb collapse, and the markets froze. lender for our latest project, tier one city, backed out. we had to speak to over a hundred banks -- this is something that was written about to me -- and not one will provide financing. it's those kind of anecdotes you hear, and you wonder, when is that going to start to show up obviously, in real estate markets, new construction, and just in general

huntington bank shares to continue this morning.are we going to see this theme process after already so much pain has been priced in? if you take a look into the performance, dramatic underperformance. keycorp down almost one third on the year. tryst down almost 20%. now, building on those losses as there is a clear concern about the profitability in the face of higher deposit rates. 2:15 am, janet yellen is giving a speech on u.s. economic relations. you pointed earlier this morning to quotes from her ahead of the speech talking about how national security is number one and this supersedes economic interests. a change in tone or an underscore new blood everyone has been talking about behind-the-scenes. jonathan: it is the latter, the underscoring of what we know. he said to anne-marie yesterday when we were discussing this speech which happens later this morning at 10:15 eastern time, when the economist start to sound the gay politician, used on this quote, the economists are going to sound like a politician -- start to sound like

banking in california by j.d. power. deon: a block party to celebrate 30 years of movement in san francisco. people enjoyed a day of? , facepainting, obstacle courses, trampoline and aerial arts. the founder dori huntingtonhares her experience running the program. >> i have been around the block a few times and see this organization grow from an abandoned pigeon bruce jim to the world's state-of-the-art gymnasium. deon: today's event was free of charge. the accra sports organization offers a variety of programs in movement and physical arts. those programs include gymnastics, acrobatics, breakdancing and even parker. -- stephen parkour. there despite a petting zoo being opened today. ♪ >> the organization alive posted whatt called a musical instrument petting zoo. the event gives kids a chance to get their hands on guitars and keyboards and several different kinds of an cements. guide children who are trying out instruments for the first time. keep music alive as a nonprofit dedicated to helping kids and adults understand the value of playing music. tomorrow, the new era begins. after martin consuelo's over the new -- as the new coast of life with his wife. we have a sneak preview. >> beautiful blue skie

regional banks that will be a big day in terms of trying to understand the banking system we will hear from truist and 5/3rd and huntington on friday, we hear from p&g and see if jpmorgan chase transposes itself i don't know i expect we see capital raises with this, but maybe we won't. >> we're beyond it everything's fine. everything's perfect the fed can raise again. the 10-year treasury is above 3.5. the 2-year treasury is above 4 >> i was surprised >> inflation last week >> inflation coming down you think the yields would come down a bit, too. that's not the case. >> beating this 25 basis point hike to death. it is still 78% or something of fed funds. everybody saying that's probably it it really wouldn't do anything, but they have to do it >> why >> psychologically stay the course. we are tnot swayed by -- >> data? >> people want the pivot >>> spacex will launch the star ship this morning. targeting a 9:00 a.m. launch from star base in texas. star ship is the candidate for the fully reuseable rocket the launch involves 33 raptor engines that ceo elon musk compared to grenades it has flown shorter flights this is the f