make cable tv a thing of the past let's discuss that and more with wall street journal reporter joe flynnood to have you with us i'm wondering here, maybe this shouldn't be the first question, when the yes network does this, does this get them in hot water? because they've got lots of other contracts with multichannel cable companies whether they're owned by comcast or whomever, how does this deal square with their existing k contracts? >> well, they price the streaming service at a high rate i believe it's 24.99 a month for the yes network direct to consumer option. so that's the needle they have to thread here because to your point, they don't want to alienate comcast, spectrum, all the people that carry yes. at the same time, they want to reach cord cutters, but they can't undercut their primary distribution methods, which is why you see a price tag that for some might seem a little on the steep side of things. >> it does seem high i think it comes out onto the yes network's plan for, what, $240 a yorear to watch i guess it's the wnba liberty and the yankees and i forget who else they

. >> yeah, fascinating stuff there, playing our music, joe, thanks very much joe flynn. >> thanks for having me. >>> and thank you all for watching "power lunch" on this opening day for baseball >> that's right, "closing bell" starts right now >>> kelly, thank you very much welcome to "closing bell," i'm scott wapner live from post 9 right here at the new york stock exchange this make or break hour begins with more failure fallout for the banks, for the fed, and of course for your money. here is your score card with 60 minutes to go in regulation, nasdaq leading again there it is, 2/3 of 1%. more broadly stocks up for most of the day the s&p losing some steam as yet another fed pres signals more rate hikes are needed. and that leads us to our talk of the tape banks under the microscope and new questions over whether they'll soon be under tighter regulations. the biden administration calling for just that late this afternoon, only adding to pressure on that space for more let's welcome in the star banking analyst, mike mayo of wells fargo securities. good to see you. thank you, especia

studying, i think, the flynn and think, in the anita flynn and he's this that press he's given this that press conference he is in san diego, is talks with joehony albanese, the premier, he's the australian premier, and he's announced a £5 billion increase and national spending and has wants fortify national wants to fortify national defences to be delivered over the next two years. excuse me and the this is very important for that for a number of reasons. we have british munitions stockpiles have been depleted as a result of donations to ukraine. it's very important for national security and crucial to economic security and crucial to economic security and as we've seen, technology supply chains. but it's not without criticism. we have tobias with the chairman of the defence select committee , his defence select committee, his warm warnings that there should be music to the ears of moscow and beijing because we're actually underspending. and he's likened it to the failure to re—arm properly in the 1980s talk about spending. here's another story that you've taken from the times front page of the times. and it's you know, we're covering it to