san francisco. >> mixed day on wall treat wall street. the dow gaining 50 points. the nasdaq and s&p 500 and closed a little bit lower. some of the world's most developing economiese making news by creating their own development bank. here is ali velshi with the details. ali explain why this is such a big deal. i know about the world bank, but what are they trying to create here? >> that's the place to start. the world bank, imf. a lot of people wonder what these organizations do? they're development banks. they fund developments, they're there if an economy gets in trouble. this is a big deal because we're talking about the bricks, brazil, russia, india, china, south africa they have a combined population of $3 billion, 40% of the world's population. they're meeting, their chief ministers are meeting in brazil. it is their sixth summit and today they announced the creation of a bricks bank for $1 billion for infrastructure projects. $100billion fund to help countries that have financial emergencies. now these countries became their own acronym, bricks because they had growing economies that equal 20% of the world output and they've been unhappy with the internat