scarlet: we have some news on suntrust. bb&tsuntrust merger -- -suntrust merger says it has been approved. the fed says it will not object to the capital plan. they do require enforcement action. they have sanctioned suntrust past violations. they have to divest 30 branches as well as deposits as part of this merger. the bottom line is that this is a deal that has been okayed by the united states central bank. caroline: still with us, mona bloomberg's luke kawa. if we are going to get the confirmation, the earnings confirmation to breakout higher, is it the banks that finally get some love? mona: i think the cyclical trade would have room to run if we get theirmation that pmi's in u.s. and abroad are bottoming. about 45% of that index is cyclically oriented. first about 20, 20 5% on the s&p. europeans, the global trade have room to run. we continue to like a barbell approach. we would rotate from defensive to cyclical. joe: before the bell, we were talking about the fact that we have seen a bit of a bid reemerge in safe hav

suntrust and b.b. and t. received approval from regulators to form america's 6 largest commercial bank this is the biggest bank merger since 2000 a crisis and the combined company will serve 10000000 consumer households with 330000000000 in deposits b.b. and t. a taker bt and sun trust taker s.t.i. will phase out their brands over the next 2 years as they combine. entity will be known as truest once the deal closes true us will begin trading on the n.y.s.e. undertaker t.f.c. the merger faced criticism from senator elizabeth warren and maxine waters who have been supporting for the breakup a big banks and big tech however regulators voted in favor of the merger citing that recent regulations have reduced the risk of a mega bank failure of the likes of citibank and indy mac. in 08. the consolidation and mergers are the state of play these days with companies getting hitched left and right in order to cut hefty capital costs exploit synergies and process optimizations companies are doing all they can to drive ef

not even just the suntrust but a conservative.the party has galloped to the left. >> richard i would a manager that you think aoc's star power is little more consistent with not just her looks but perhaps her voice. when it comes to her influence of leadership, with whom she has clashed. pelosi for example. how do you think pelosi is taking this? >> i agree with chris that she is a phenom and i'm still not quite sure we have all figured out exactly how so. i would caution against overstating her influence. remember when nancy pelosi set about the squad, they have four votes on the one time there was a showdown between the squad and of the democratic leadership, the squad lost about funding for controls on the border. look, the fact is bernie sanders, who aoc has endorsed, is not exactly shot up, if anything he's been taken down a little bit. i would go slow on that. >> chris, she has obviously put her foot forward but she is also defended and she has backed him thrown out her support for bernie sanders. if you look at the power th

bb&t and suntrust. ban -- gannett will operate under the company name gannett.g after the bell. melissa: closing in. police surrounding remaining hong kong protesters at a local university. we have a report from the besieged campus next. plus safety regulators responding to last year's fatal southwest crash. the new recommendation from federal officials later this hour. by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. get a no-fee personal loan doctor bob, what should i take for back pain? before you take anything, i recommend applying topical relievers first. salonpas lidocaine patch blocks pain receptors for effective, non-addictive relief. salonpas lidocaine. patch, roll-on or cream. hisamitsu. wat t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full stor

schwab and td, regional banks, except for the suntrust merger, they have been dead for years and yearsnd years. i mean, that sector is screaming for goldman, morgan and bank of america to get involved, get some act at this time going. that is where you could see a real boom at the market peek somewhere down the road. charles: here is a a theory i have i like deals almost all cash. when a company is trading all-time high but still using cash, what they tell shareholders we think our stock is going even higher and it is much more valuable than cash. i love, for instance i would buy charles schwab because it is mostly a cash deal. they are suggesting we would rather spend cash than our stock at this level. >> sends such a strong statement. when they're offering the stock you don't know quite what the stock will be worth by the time the deal closes. a much tougher decision to make on the part of the target. you set a cash amount, you're saying exactly what you will do. it is much easier thing for the board to agree on to get the deal done. >> on takeovers, the invest in the short term. get

suntrust, key corp all 52 week highs right now. jpmorgan, bank of america, citigroup. how about the big industrials? you might be surprised what happened to the global economic slowdown? dover, deere, caterpillar, illinois tool works. all 52 week highs. why? a lot of hope the trade talks will go well only a small smattering of tech stocks corvo, swks. we need a little bit more breakout, guys we had only 50 stocks on the s&p at new highs today we need a little bit more movement and we're going to see 30% of the s&p at new highs. we'll see. >> all right bob pisani, thank you. i think you should trademark that one >> makes up for my santol santoli/santelli mistake at the beginning of the show. >> thank you i've been called much worse. but i'm going to pick it up there. is it a believable breakout? i'll look at some of this context for the move here. then the globe gets going. non-u.s. markets having their moment which is a little bit of a different factor this time around in terms of this rally. then is the sauce still special at mcdonald's under a new ceo? look at the va