i love pnc pnc gets no love i don't know why it has done well since monovembr they had good earningsbank. this is not jpmorgan chase or morgan main street bank earnings were flat revenues were flat to slightly down buying up bbva american assets. i think pnc. we own it. we love it >> good. everybody i talked to said it is a well run company, but doesn't get the attention. i want to say the word mongo mongo db all of the database kids say oracle is out and mongo is in. why do you like mongo? >> back when the original database was created, data was expensive. they had to keep everything tightly packed think about a car. what is the best way to store a car? the garage desk dismantle the car and put everything in order. data is cheap. we don't have to put all of the tires in one place and have a programmer say bring me this, bring me that. programmers love it. kids love it the market is still growing. mongo doesn't have to steal oracle share it has revenue of less than $1 billion. it has a long way to go. >> quickly all of the attention on covid the last 13 months for good reason we forg

pnc's ceo joins us for an exclusive interview.to the show good to have you. >> it's good to be here. thanks for having me, sara. >> so big bottom line beat, better fees, big improvement when it comes to credit and those provisions there but loans are still soft how do you characterize the environment that you're operating in right now >> look, the economy is very strong credit is very strong. consumers are flush with cash and they're spending loan demand just isn't there and i think it's going to be there. i think we'll see utilization pick up as people build inventories and the economy gather steam but it's been fairly muted for a variety of reasons. >> what are those reasons and what is the outlook? >> a bunch of different reasons, very large corporates are flush with cash because of public market and the access of liquidity in the public markets. for our private companies, it's more about at least thus far not building inventories and doing capex. on the inventory side demand is so strong that literally they can't build invento

pnc changing its overdraft policy will other banks follow?an and ceo after the break. >>> council of economic advisers jared bernstein discusses paying for the president's infrastructure plan. "squawk box" will be right back. - grammarly business turned my marketing team into rock stars. (diana strums guitar) maya swears by grammarly business because it keeps her work on brand and error-free. fast and easy. - [announcer] learn more at grammarly.com/business. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> breaking news. the fda and the cdc are recommending calling for an immediate pause in the use of the johnson & johnson single dose vaccine six recipient

pnc holding up the gains keep an eye on those big financials >>> markets are near all time highs but if the fed governor christopher waller is right, there may be even more room to run from here. mr. waller says the economy is quote, ready to rip. he points out that there's still a long way to go so there's no reason for the fed to be pulling the plug on support. joining me now to discuss, marco papichp. thank you for being with us here what about this market could be constructive going forward even though we sit at record highs? >> i think what's constructive is the banks that reported so far where we thought there might be more profit taking. we're seeing them stabilize or if you look at the i shares equal weighted financials, etf, we will see that actually up slightly today the fact that they are holding in and there's not broad based profit taking is actually an indicator that investors are standing by and waiting to see a next leg up. >> marco, are investors justified to be as bullish given the massive run we have seen is the macro environment, the market environment still const

as erin noted with pnc's when the cd is regulating passenger service in california that in order forshape how service will rule out we have to do our best to influence the regulations being drafted by the state. so here i am showing a chart of some of the key points of what success mta has done with and what our advocacy has provided what the results have been with respect to that cpc like, how did they take our input and what decision did they make and i also note that mod, they provided a lot of support with the on the cdc decisions. over the past three years, the cdc has been working on regulation for us on this vehicle passenger service. starting with the pilot program to collect data. we learned about the service and the technology and working towards final regulation to authorized service where we can pick up members of the public and charge payers. the sf mta has participated in several of these activities to ensure they have disability access and so we participated in the cpc accessibility working group which unfortunately only met twice and the last meeting was early 2019 an

from unc at tapele hill to pnc arena in raleigh. officials saying the move was out of an abundance of caution. it comes just a day after 11 people at this site in colorado, of the 1,700 vaccinated yesterday, suffered adverse reactions like dizziness and nausea. that location closing but reopening today. the governor trying to reassure the public. >> a couple of people had some orange juice afterwards, maybe they were scared of needles or whatever it was. >> reporter: tonight, johnson & johnson saying in a statement, we carefully review reports of adverse events. we are collecting the necessary information to assess these reports. and the rollout of the j&j vaccine hitting another hurdle, as states brace for a nearly 85% drop in doses from about 5 million doses this week to 785,000 next week. >> there are available appointments now. they are probably not going to be available next week. >> reporter: the governor of illinois blaming the latest drop on that mixup of ingredients at a baltimore plant that potentially ruined millions of d

blackrock, pnc, some others that you have to watch this week. let's turn to sophie kamaruddin in hong kong for a check of the markets. sophie: this monday, asian futures are signaling to gains. chip related stocks in focus after ev battery makers in south korea managed to reach a last-minute settlement in the u.s. presser. the way have and on the chip shortage later on monday. -- the white house on the chip shortage later on monday. osaka and okinawa from monday. the yen, 68. holding on to a weekly gain. the aussie dollar training flat out of the first week. seeing hedge funds turning bullish on the currency with long positions close to a five-month high. seeing the currency at 80 by the end of this quarter. the ceo is warning of a stop start economy in australia and elsewhere while the government has distanced itself from a vaccination target. the surgical glove maker and ppe manufacturer cautioning of new covid hot zones popping up in places like india and brazil. going up the chart on the terminal. india has banned experts from the remdesivir

stuff, including the ballpark that i think is my very favorite among relatively recent ones, which is pnc in pittsburgh as well as camden yard in san francisco which is fantastic and quite a number of others. so it would be hard to imagine that the team would not select the local architect given that the local architect happens to also be the most famous sports architecture firm in the world. so it's not like they would say, eh, these are just local guys, we better to some big guy from new york or chicago when the biggest in the industry happened to be the local people. i think the big question is not who the architect would be, but precisely where the site should be and how it would be paid for. but for me there is no question that it's the right thing for kansas city to do. i mean, the thing that is least appealing about coffman is the location and the fact that -- >> there never was any economic development around the stadium. >> right, in kind of a nowhere place. you have to drive to it and from it. it's surrounded by a sea of asphalt parking spaces. it's not connected to anything. an

morgan stanley and pnc among today's reports. next week we'll have a

into the big regional banks where the economy is more important overall to what they're doing look at pncbig provision release a huge beat on earnings a provisions release there were some other things that were in there that was important to them but look at what i call the economy stuff. average loan balance was down 2% net interest income was down 3%. net interest income and margins were lower because there were fewer loans out there, and there were lower securities yields overall. so that's the stuff people care about. net interest income to loans all on the tepid side. all of the banks basically reported this. yes, trading activity was amazing for many of the big money center banks but look at the response to the market we had blowout earnings from the companies this week and that's this is what they've done this week pretty tepid response given the amazing numbers. the street is looking through it and saying how's the actual real economies doing, and it's fair but not amazing overall. meantime, if you look at what's really going on in terms of like the sectors that are lagging, some

finding no safety issues at this north carolina vaccine site now recommending vaccinations continue at pncmptoms of nausea and dizziness in connection with the johnson & johnson single shot vaccine. four went to the hospital for observation, and according to officials, vaccinations paused out of an abundance of caution after a handful of people at unc chapel hill felt faint or lightheaded. none hospitalized. a day before a vaccination site in colorado also halted temporarily after 11 people out of 1,700 who got shots that day had mild reactions. two went to the hospital for observation and were released the same day. the other nine were given juice and water. >> people are asked to stay 15 to 30 minutes after vaccination to be observed and all of these occurrences were in that period of time. so i think the vaccination was likely safe and effective. >> reporter: the cdc insisting a vaccine analysis has found no reason for concern. severe side effects to the j&j, moderna and pfizer vaccines are extremely rare. serious reactions like anaphylaxis happening in just 2 out of 5 per million peopl

stocks finishes at the record highs, s&p and dow more earnings on deck and we'll talk to the ceo of pnching? >> honestly the bottom market whether this was a one-day spasm that got yields compressed which enabled it to be a nasdaq-led day. that's been the dynamic we'll see if it relaxes of the earnings picture in general supports the idea there's upside to 2021 full year forecast and damps the issues with valuation that many have been concerned about with this market so far i think it's underwriting the optimist point of view even though stock market is up 5% in april and up 10% year-to-date. >> with goldman sachs bodes well for morgan stanley will see how strong they are relative to goldman sachs standard we're out of time on "closing bell" thanks for watching. "fast money" starts now. >> i'm melissa lee and this is "fast money" tonight's today's trader lineup -- coming up we'll break down how traders are playing the record run. plus slamming the breaks on quantum scape -- you will hear from the man behind the report and attention frequent flyers. we'll tell you what delta said about t

i have just pulled up the latest from the cis via the pnc.tity of a high—ranking member of the ocg, h. i demand to be interviewed by a presenter of at least one rank higher. ds stayt, i urge you to cooperate. hand over your evidence and we will let you walk free. bbc breakfast viewers have concluded that h is... reminders of the face at the end. what was it? it does not matter. i hope you enjoyed it. can i point out as well... no. on a technicality, i was banned from using my vast array of accents and different genres of acting. so if you thought the performance was low—key, literally i was told i could not do it. you were not low—key. we're joined now by the creator of these fabulous versions of the ac—12 team. her name's ria norman and she's in kettering. you are smiling away. how are you? i am very well. — you are smiling away. how are you? i am very well, thank _ you are smiling away. how are you? i am very well, thank you. _ you are smiling away. how are you? i am very well, thank you. you - you are smiling away. how are you? i am very w