the chief executive john thane has had a front row seat to wall street's transformation. mr. spoke to "market makers" anchors this morning about why he is not focused on the fed rate hike. >> the fed -- they are going to hike at some point. i do not think it will impact the economy. i do not think it will surprise everyone. betty: last week i sat down with mike burke and got the same answer with the same expression of no. do you think we are putting too much pressure on these data points, saying this? should we be so concerned? 21 basis points, 50 basis points -- come on. if anything they should have already raised rates some. i do not think it will negatively impact the economy. for banks, it would be -- all of this money has served the public would it into the system, keep spreads narrow, making it difficult for guys like you to originate new credit, right? >> that is true. we tend to hold a lot of cash so we earn zero on that cash. we will make more money in a higher rate short-term environment. creditsan originate new tanks in part to the cheaper funding you have through t

john thane is warning of a potential lending crisis in shadow banking. mr.: some of the most leveraged lending is being pushed out of the bank space into the hedge funds. if you wanted to worry about the next crisis, you would worry about that space. that is where the more leverage, the more risky pieces are going. betty: cit group just finished a west.se of one it creates a new systemically important solution since it has over $50 billion in assets. he told us the threshold for the two big to fail institutions should be raised to $100 billion. -- cities ben's mercedes-benz posted a surge in sales in china. sales rose to more than 29,000 vehicles and global deliveries are up 15% from a year ago to 150,000. elon musk says tesla is facing challenges with seats and other interior pieces in the forthcoming model x suv. new -- but the snags in the new suv could slow it down. news but aren the up 20% so far this year. a stradivarius violin stolen has been recovered. it was stolen after a performance in 1980. the chief suspect in the theft has died. thene will be c