thanks for your time. >> pleasure. >> larry meyer of macro economic advisers. ng larry summers would mean more volatility and janet yellen would be more continuity. >> he's not telling us something we wouldn't have assumed. we know what yellen is going to bring to the table. we're talking about a market where the volatility -- >> that's why summers doesn't stand a chance. >> larry meyer said the race is getting tighter. >> if you look over the futures over the next few months, the vix futures are pricing 19. it's not like we're seeing the options market pricing some big event. >> johnson and johnson with a new all time high but could the momentum be slowing soon. >> j and j the chart is just fantastic. lower left of the upper right but some options traders think it's time to buy protection and they are buying puts. today we saw two puts trade for every call. given volatility was up over 8% they're happy to pay up for these puts. one trade in particular that we saw that was interesting, somebody bought over 2500 of the september 90 strike puts. they paid $1 even.

look at how it impacts the banks and bring in larry meyer of macroeconomic advisers.earned that it's 5% for all banks, 6% for the biggest. why shouldn't it be 8% to 10%? >> well, this clearly is a balance here in terms of making sure that banks can withstand shocks and yet have enough funds available to make loans and do what banks are supposed to do. clearly, there's a view they didn't have enough liquidity and capital. this makes banks safer. but it also does have some impact on the macroeconomy. >> larry? >> balancing those things. these are very much more stringent than they were before. >> well, i mean, stringent relative to the 3% ratio. which a lot of people say is too low. you said bank vs to do what they're here to do but is leveraging themselves up what they're supposed to do? >> well, that's the part of liquidity ratios and regulators are very sensitive now to the degree of leverage in the banking system. also, by supervision. i think we have to look at this as a very significant step forward and, you know, i think that the basis international agreement did

aaron aid and please don't forget to tune in at nine pm for a larry king now tonight special guests are mark paul goslar and breckon meyer the stars of the hit t.v. series franklin and that does it for now have a great night. i was a new alert innovation secrets scared me a little. there is breaking news tonight and we are continuing to follow the breaking news. alexander's family cry tears of joy and in great things other that had the added rigor at the core of what. is the story sort of movies playing out in real life. good afternoon.

meyer. he's a writer who harkins to larry mcmeritry. this is what i'm reading right now."life after life." about a woman who keeps from the moment she's born, she dies and she lives. it's about how life changes dramatically, had she lived or died. and it is -- i cannot put this thing down. >> one of the books i'm going to recommend is a similar type of theme, the next book i'll talk about. first by khaled hosseini. "and the mountains." i'm a huge fan of time travel. i'm obsessed with it. and this is recommended to me by the great amy robach. so, i thought, you know -- >> she couldn't put this down. i have this at any house. >> the idea is that stephen king creates this time travel where they go back to try to prevent the aassassination of jfk. they try to prevent crimes. i haven't read it yet. it's a thick book. i'm excited to try to get through it. >> one last track on young adults. "wonder" an amazing book to read to your kids. and you will love it. i just got done reading it to my boys. >> we have more, elizabeth. you can get more of our top summer must-reads at goodmo