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lets dig into the turmoil that is playing out in the banking sector starting with First Republic reports this afternoon that JPMorgan CEO Jamie dimon leading the talks with other big bang CEOs on a new plan to Aid the bank shares were off over 40 percent we are just off the lows of the day as we kick off the final hour of trading now this stock has certainly been on a steady slide ever since the collapse of Silicon Valley Bank we want to bring in David long Raymond James a managing director of equity research David its great to see you so ahead of this news today you downgraded First Republic last week now there are reports of another effort underway to stabilize the bank is it necessary what your reaction to this report sure well if you take a step back and look at the news over the weekend that came with the Swiss banking system with UBS sort of bailing out um Credit Suisse if you will after a 50 billion dollar injection last week you look back at or look at the First Republic situ