for more on the markets, let's bring in jeremy brian, senior portfolio manager and mike santoli in theiscussion as well jeremy, let me begin with you. how important is this bank downgrade in the overall market picture? is it a one day story? obviously it wiped out all of yesterday's or most of yesterday's 400 plus point gains for the dow. >> yeah. where we really needed this was march 10th we didn't need it now. to be completely honest with you, i don't think this is a long-term, long-tailed story, unless things are getting incrementally worse than we heard in earnings. we have gone through all this analysis at this point now we know what deposits look like. they're not falling off the cliff even though they're not paying them a whole heck of a lot. we know that we know capital ratios are still fine and the earnings estimates come down for these banks. so for them to say they're e eroding income we, a, priced it and it's in the estimates as well. so i just don't see this as really a long-tailed type of down slide for the market based upon this moody's downgrade unless something increme

brian todd, cnn, washington. >> for more, let's bring in a former prosecutor. jeremyyou have read, do you feel fani willis has a strong legal basis for rico charges? >> absolutely. people should should not conflate rico solely with mafia-related prosecution or charge. what willis did, she laid out the overt acts that not everyone was involved in, but roughly 160 of them, and setting forth that there was a common theme of this organization, we use the term criminal enterprise, to obstruct the 2020 election results and prevent it from being certified. it had a common scheme and plan and there was a structure to the organization with obviously president trump and his 13 charges being at the top. >> and here is the question that i feel a lot of people have been wondering. d.a. willis says she wants to try the case within the next six months, but is that actually realistic especially with all the other trump cases happening? >> your statement is a fair one. and even setting aside the other cases, six months is extremely aggressive. you have 19 defendants. 19 people who are

jeremy, the former gc of the secretary of state. this was the actual republican governor as well, brian kemp, all of who rejected the actual pressure campaign, which is really the crux of the entirety of it. so, the argument would suggest, oh, i couldn't get a fair jury here like the one they're talking about in d.c., might not apply for a different reason. >> jamie, one of the other things that's interesting about this is we can't ignore the political ramifications of it, which is the fact that donald trump is far and away likely to be the republican presidential candidate based on -- nominee -- based on today's facts anyway. >> right. >> and right now is polling at 43% against joe biden's 43% in the latest "new york times" poll. i asked marc short, vice president pence's chief of staff earlier today, do you think the fourth indictment of donald trump is going to have an impact? and what he said is that there is a difference -- he ak nonled that the indictments have had a rallying effect to help trump in the republican primaries. but he said there is a difference between this period of this jurisprudence and the period where there