but suntrust overt last five years has really gotten their acting to.o to see that much kind of overhead that they're expecting and maybe even up side to that was a surprise to me >> in terms of the positives of the deal >> yes absolutely >> we'll have to see if there are any more but that one as bank mergers go has gone down well so far. typically bank mergers don't usually get bid up by investors. coming up we've got your last chance trade 40 minutes left of trade. >> as we go to break take a look at mattel. the stock dropped after mga ceo told us moments ago that the stock is not worth more than $6 a share. had been pretty much on the rise since word of that mga entertainment proposed merger. very bearish comments on the company from the ceo just now. we'll be right back. [leaf blower] you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quic

he sent four suntrust locations since october. last month he robbed the branch inside a safeway grocery store in hehedon. there is a 5,000 reward for anyone who has information that leads to an arrest. >>> up next, a consumer alert for anyone who shops at farmers markets. >>> theero pilot who landed a plane on the hudson river has a thing to say about those grounded boeing airplanes. what captain sully sullenberger says needs happen before the jets are back in the air. >>> a wanted criminal vowed to turn himself i if received enough likes. now this guy is making headlines again. >>> a storm team 4 weather alert. few showers in southwestern virginia but by thehe time get here later this afternoon, they could s beevere weather. i'll time some drivers were rushed to the hospital with serious injuries. incredible to see at. >>> this morning boeing 737 max is gaining new reaction. >> we are hearing from the man who is possibly the most trusted pil in america. retired airline captain sully sullenberger appeared on capitol hill yesterday

name consulting business >> even if the parent company will be called truist, it will be bb & t and suntrusteseeable future so people don't get messed up by it. kelly, you and i had the conversation when mastercard became just the lego and not the name or anything else and these things are resonating with folks over social media. i don't know if i would change my banking habits there. >> i think you're handling people's money and you need a recognizable name if people trust and believe, and i don't know if truist is that. >> and give us six months and truist, and i took some money out. >> name wise includes mandalese and oath, the yahoo verizon one, what else? >> blackberry, but that was because that was their marketing stunt. >> people were, like, what is this this is so sill. >> and when they did ihop and then it worked that was the worst part. verizon when they came up with the name and everyone pooh-poohed it and is it verizon and here we are 20 years later and we're surrounded by it seema modi, don which you, achue rogers democratic hopefuls and it's down to take down the big tech train

analysts at suntrust expec the decline in tourism to have a negative impact on companies like playa hotelsh has 2 exposure to the island. cruise operato carnival andn, royal caribboth with stops in the dominican republic, are monitoring recent events andhe reviewingnformation from the state department. online travel platform book.com said while it seeing increased cancellations to the dominican republic, many of the customers rebooked trips to other caribbean island and mexico. experts say the trend is likely to continue. >> we have seen some cancellation and rebooking to other islands in the caribbean, ularly puerto rico and other destinations that might have a safer reputation than the dominican republic is experiencing right now. >> for "nightly business report", seemadody. >>> uni health is buying health care payments company equion. that's where we begin tonight's market focus with the "wall street journal" say that the health insurer agreed to buy the company for more than billion. theyou likely merge -- -- dealership sales. carmaxe shares r more than 3% today to 85.64. > medtronic i

trip adviser was upgraded to buy om hold at suntrust.nalyst cites the company's growth outlook anden pal revenue acceleration. the price target is $60. the shares were up nearly 2% to 4719. six flags was upgraded to out perform fromeual at webb bush securities. the analyst cites spending oprovements and developme parks in china. the price target is $62. the shares rose 2% to $5267. is> still ahead, a growing concern for adves. >>> i'm julia boorstin in france at the annual advertising festival here, and facebook and google are out in force but so is talk of tech lash. we'll look at what potential regulatory could mean for the other players in the space. that's coming up on "nightly business report." ♪ ♪ >> as we menti earlier, the stock market's major averages are nearing new highs and the biggest gains have beenco ncentrated in just a handful of stocks. bob pisani explains. >> reporter: we are just about halfway through the year and stocks enjoyed a strong first half. all three majorre averages up double digits so far in 2019, but the g

he sent four suntrust locations since october. last month he robbed the branch inside a safew grocery store herndon. heas held up other banks. there is a 5,000 reward for anyone who has information that helps the fbi catch him. >>> wawa is opening up a new location. the first 200 t people in door receive a free t-shirt and any sized coffee is free through sunday. the fourth wawa open in the district and another one will open up later this year. i need to check it out. i've been in one. >>> next, a consumer alert for anybody who shops at farmers et ma >>> plus, the hero pilot who landed a plane on the hudson river has something to say about the grounded boeingaine inly sullenberger peeeds to hap before those jets get back in the air. >>> his facebook post went niral. the wanted crimi vowed to turn himself in if he received enough likes. now the guy is making headlines again. we will tell you why. >>> chuck? >> we are under the gun for severe weather later on in the afternoon. the peak threat timing is 4:00 this afternoon. if you're

does a big bank want a smaller bank >> the biggest of the big doesn't do it any more you look at suntrust of equals where they save $1.6 billion. the ability to reinvest in technology for them is really, really important scale does matter. at the end of the day, you end up with two types of banks jpmorgan and the really big, we can do everything for you and then the community bank that knows every one of its customers. the ceo knows everybody in its town >> you made some money for investors. where are they coming up with these names? >> some consultant somewhere made some money. you think you will make money for your shareholders on these two names. >> chief financial officer is and i recognize, he was at green bank which got bought by veritex. it's in texas, a lot of good immigration of people to texas and lots of good growth. houston and dallas, nice franchise. a lot of people would like that franchise. so, you know, they have optionality. fundamentally and everybody would probably like that company. ameris are in florida and georgia and a transaction close later this month with a bank

. >> caller: about a year and a half ago you recommended suntrust the financials were great and the mostortant thing you mentioned was the fact that their net asset value was $5 more than the selling price of the stock. so i bought it sure enough, it went right up. >> yeah, that was a good one. >> caller: as a matter of fact, it went up above today we have citizens financial group. they are now selling at $12 below the net asset value. >> yeah, i got to tell you, citizens financial is just too cheap. i am going to say you should buy the stock. i don't understand the valuation. i really don't let's go to don in virginia. don. >> caller: yeah, xcc sim rex energy. >> no, no, no we're done joe in new jersey. joe. >> caller: pays, pay sign. >> i think we missed that one. that's up 200% stefano in new york. >> caller: i watch you every night. we love you, jim my ticker symbol is amtx. >> no. we're not going there. we've got so many -- you know what, bye-bye! let's go to max. max! max? >> caller: hey, jim, can you hear me? >> i hear you, max what's up. >> caller: my question about bio therapeut

going in here facebook just last week announcing that it was going to launch a cryptocurrency and suntrustn humphrey saying an initiative to expand the soergrowth prospects and pe are bullish on the prospect of this coin and backed by other companies, established companies out there including uber and looked at as a way to trance act on the facebook platform and a huge step and think of people that use facebook on mobile who are unbanked and don't have access to banking. >> this could really expand this market. >> we are watching the fed, fed has come back into focus there was a period where it didn't seem like the fed was the fed we had grown up watching so avidly this wednesday they'll report whether they raise -- cut interest rates or not after a period of raising them. >> 155 days between the last hike and this cut if they cut. >> things change in a hurry. >> thank you for watching "power lunch. closing bell starts right now. >> >>> good afternoon. welcome to "closing bell." i'm wilfred frost. that is the boeing post. the stock up it tops the dow today. live from the paris market we'll

>> we really like the southeast a lot because of all the disruption we like the suntrust merger but it is creating a lot of disruption benefit all the small banks in at lanta and the southeast nd, so, they're going to get small things but it will really help those small banks and other banks will want to be in those markets. the harder things are, the morep haens so you can make money in a tougher environment. >> thanks. appreciate you both joining me >>> coming up, mortgage applications are surging as rates drop will it be enough to juice the summer housing market after a sleepy spring season that's next. >>> shares of tesla soaring premarket after elon musk struck a tone but investors may not buy his rosy outlook "the exchange" is back in two. sfx: [phone ringing] you still have service? call the insurance company it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask how soon they can be here right now? what's now? he says they're surveying our property now they're probably at the wrong house i don't see

union isderal credit suing over the name chosen suntrust and bb&t over its new ruist.ed service t theas truist will be based in charlotte. that is your bloomberg business flash. david: i think thewae close theo their name without breaching. alix: what's in a name? david: a lot, if you are coca-cola. it can make a big difference. alix: well, when we read about maybe the max will get taken out, that is going to fix it. floated munie firm and goldman was like, no. david: the first person i heard saying they should rename the ng, president trump. [laughter] david: he's pretty good at branding. alix: that is entirely true. flip-flopping strategists. investors looking for direction, and market analysts aren't sure which way to go. you have credit suisse saying they see a chance of a melt up. they wrote, "on balance, we think there is more risk of a melt up then a melt down, and find that we are more positive than most of the clients we meet." -- and at jp morgan, they are calling the future bleak. >> i think credit will continue to do well because earnings are still looking good. you are st

rbc, suntrust, hyping this big moment for facebook tomorrow why are you guys so bullish about the cryptofor facebook >> seeing the news hit last thursday, talked to a couple crypto investors in the space for more color and context and i think off of those conversations that led us to come out with a note first thing friday morning to aggressively get more bullish on the stock you know, look if we step back big picture and just think of growth stocks in general, i think that multiples as a general rule get driven on the basis of what expected growth is but what are new product cycles, what incremental tams i look at this i have a company that's got 2.7 billion users globally across their platforms as they reported on the last earnings call and what piques our interest is emerging markets with 70% of the users and only about 28% of ad revenues and there's a real gap opportunity to go ahead and close there. >> so michael, what a portion of your upgrade and optimism of what this means for the share price is down to fundamental increase in earnings and revenue off the back of it and what port

gerard: similar to what we saw with bb&t and suntrust this year. will be able to look to do a merger. we have to remember the last four to five years, the american banking system achieved record profits. it is difficult to give up your job as a ceo when you are achieving record profits. will the where problems firm profits come from, what division? gerard: there is two areas. the first and foremost is the new accounting issue from the lost reserves called cecil. although it is an accounting issue, it could create volatility in earnings and that could be the catalyst. if the fed has to cut short-term interest rates too far, that would be another area for oppression on the margins -- pressure on the margins. gerard cassidy, rbc with us out of our london offices. we have a huge treat coming up if you are part of global wall street and global banking. this is must watch, must listen. jonathan tyce and gerard cassidy together, the transatlantic reality of banking from j.p. morgan to barclays to a beleaguered deutsche bank. this is bloomberg. ♪ ♪ this is

george beaker with suntrust. given the increased investment in directed energy, do you foresee in the future small-scale nuclear power at the 1 to 10 megawatt level playing a larger role in the force structure? thank you. >> i guess i'll take that. >> i hope you'll take that. >> i'm a merchant marine. >> buzz, what do you think? >> we had savannah. we tried that already. >> let's have another question back here. >> hi. i'm paul with "u.s. news and world report." admiral richardson, i'd like to ask you about some news of the day. the national security adviser to the president announced last night the deployment of a new strike group to the persian gulf and bombers to the region, as well in response to a threat posed by iran. two questions for you, sir. was this a preplanned deployment, or in response to some new threat? if so, what is that threat? and what do you expect this deployment is going to achieve? >> well, the abraham lincoln strike group was planned to deploy for some time now. and i think that this rece

compelling risk reward and sees room for it to take a broadband market share the stock's up nearly 2% suntrusthumphrey downgrading the commercial aerospace sector the firm cites eroding airline profitability and weak gleobal economic data. you can see quite a few movers off the back of that >> loop capital, that would be kourtney's firm, raising its price target on disney to $165 a share from 140 the firm is bullish on disney plus, says its consumer products division has significant up side potential. yesterday here on the show we asked former disney ceo michael eisner about the streaming wars. here's what he said about the landscape right now. >> there are too many others there will be blood on the floor. it may take five years to find out who they are but right now the enthusiasm is spreading like wildfire. and a lot of people are benefiting from it and some people are worried about what will happen >> blood on the floor. he had a lot of good one-liners. kourtney, the caught here, though-s that disney will be a winner >> absolutely. disney is a winner disney will remain a winner. and i think

digit multiple earnings markets doing really well so we saw that truest, the merger between bb&t and suntrustnds of branches, within a mile of their branch all i needed a few crumbs off the table the banks in that part of the record southeast doing pretty well i heard one bank making a really brazen statement saying you know, if your financial team moved to charlotte would you still support it. so there is -- everybody is looking at customers they do well, but it is good for that bank shrmdz small banks get crumbs that fall off. dagen: with inversion of the yield curve again in march more recently which a is that telling but state of the economy based on what you know from financial institutions you cover what is driving that? >> three month versus 10 year. >> have the debate rages on. but last count i am trying to figure how many trillions of dollars bonds are in world negative interest rates not u.s. if that part of the worldboy 210, 212 looks exciting some caused by that clearly caused by uncertainty of the potential for the trade. i know negotiations go on every thought, now nobody thinks