bank of america, bank of new york melon, jp morgan street, safe street, and wells fargo all coming up short on items ranging from derivatives exposure to operational issues, to liquidity. jp morgan's ceo addressed the banks on a call scheduled for the banks' earnings. >> liquidity of the company is extraordinary. we have $400 billion in central banks around the world. $300 billion of aa plus short duration securities. $3 billion in very short term -- really top quality repo type of stuff like that. the trading book is $300 billion which is mostly very liquid kind of stuff. so it's -- the liquidity is extraordinary. >> reporter: the banks hav l october 1st to address the flaws highlighted by regulators. morgan stanley and goldman sachs which did have issues but not enough to get rejected will just have to provide a progress report. as will citigroup which was the only big bank to receive no rejections from the fed and the fdic. analysts at fdr said if citi which has seen its share of regulatory hiccups could meet the standards, other banks should be able to, too. jaffrays highlights th

mike mayo, and i think northern trust, state street, bank of new york, melon, those three, they wouldause i think these are going to rock because of what mike is saying about how well the banks are going to do going forward. >> it is a pleasure, guys. thank you very much. that does it for "the halftime report." "power lunch" begins now on cnbc. >>> welcome to "power lunch" with michelle caruso-cabrera and brian sullivan, i'm melissa lee. tyler mathisen is off today. we start off with that bombshell at theranos. the wall street journal reporting that regulators are considering banning elizabeth holmes from owning or running any lab for at least two years. this follows a journal investigation published in october that questioned the integrity of theranos' lab results. holmes came on cnbc late last year to address those claims. >> this is what happens when you work to change things. and first they think you're crazy, then they fight you, and then all of a sudden you cha

failing grades to bank of america, wells fargo center and bank of new york melon and state street bank today. the federal reserve and the federal deposit company, says the banks have huge gaps in the bankruptcy plan they were required to submit. they were given a deadline of october 1st to fix the problems or face tougher requirements. >>> speaking of wall street, looking at the numbers, green arrows. the do you up 187 points and the nasdaq up 75 and the s&p also up 21 points on the day. >>> a music legend is returning to philadelphia, paul mccartney will play at a concert at citizens bank park in july. he will play on july 12 and, part of his one-on-one tour that starts tonight in california. he also added a pennsylvania concert, he will perform at hershey park on july 19th. >> so many songs we love. >> i said if you can see one beatle in your lifetime that is a good goal to have. >>> lets go to the accuweather forecast. it's looking stunny. lets go to adam joseph. >> cool today but the numbers start to climb and the place to be will be the shore. it's looking sun soaked. a bit of a c

hour are announceing thing that the 8 banks have deemed not credible, bank of america, bank of new york, melon street and wells fargo. for a few other banks, the fed or the fdic noted some weakness ns the plans but because they could not agree on these tee fi defish y deficiencies, they sailed through. citigroup was found to have no major issues by the fed and the fdic. certainly, that would be a stamp of approval for a bank that has had issues on the stress test in the past. four foreign banks set to go through the resolution plans have had their deadlines delayed by the fed and fdic. we would expect to have the agencies weigh in on barclays, credit suisse, doeutsche bank ad ubs. they are expected to submit progress reports as they continuously address these plans. some of the changes might require difficult choices for the banks that aren't necessarily ideal for day to day operations of these firms. we are waiting to see exactly what that statement means, how banks will respond to the claim by the fed and the fdic that these plans are not credible, since the banks and agencies have been work

new york. was just 52. his old college coach, his old adversary chris melon. you made my program. you made me. that's the ultimate compliment from a hall of fame coach. >>> coming up next on "nbc nightly news." more chaos in donald trump's speech as he tells cruz to dig his motorcade and actually enter the back door on foot. >> we'll see you back here at 1 11: 11:00. good night. protesters block traffic, breaching barricades and clashing with police. some forced to pull over on the highway, rush through a field swarmed by security. >>> developing news. the first u.s. death from zika. a new zika test just approved. >>> new tornado warnings. as another violent outbreak targets tens of millions.

melon's robotics lab. you can depend on news4 new york for complete coverage of the campaign events height right here in town. >>> other news, let's head back to long island where kids bus before it burst into flames. this happened near merrick and the bus started to smoke. after they boarded the second bus, the original one caught fire. no one was hurt. >>> a teacher and school bus driver among 16 people accused pornography. they announced the arrest today. the operation was a joint investigation that included from from new jersey state police. hundreds of files were allegedly found on the defendants' computers. they face a sentence of up to ten years in prison. >>> one of the central park five wrongly accused of rape decades ago is now pushing for change. he would like widespread reforms to the criminal justice process here in new york. he's definitely not alone in that. we're at city hall where supporters spoke out before today's hearing. >> reporter: it's the subject of a city council hearing right now in the chambers, and something a their lives behind bars call simply wrong. that's why they're calling

melon and a turkey. very tiny. juliet: those are huge, this big. ben: in business news. juliet: supersize starbucks coming to new york city, what it will be offering, we will tell >> from fox 5 news this is "good day wake-up". juliet: good morning. hope everybody is doing well on this chilly yet sunny wednesday. clouds moving in later today but we start with a lot of sun, great day to celebrate team juliet's win, snow belt win coming to fruition. hope you brought your wallet. i plan on eating a lot today. mike woods has the full forecast. ben: donald trump bouncing back from a loss to ted cruz in the wisconsin republican primary. trump holds a big rally on long island as everyone heads for new york. juliet: bernie sanders easily defeated hillary clinton in wisconsin but as far behind clinton and delegate count. ben: starting to wonder why they have a basketball tournament because yukon wins it every year. championship, it was not even close 82-51. a dynasty in stores, i am ben simmoneau. juliet: i am juliet huddy. i cannot wait for that. juliet: i don't know what that is. i want to do your little -- >> meteorologist: