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the billionaire is here, too. let's get the latest from kelly o'grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? >> that's right, neil. first republicly closed down 62% yesterday. i just checked and looks like it's up 28% today. that's a good sign for them. we're seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we're learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of priv...

Commode here about what we know of the first phase of this deal is it is something. >> that's what the market has been looking for more stability. so many signs of stability that want to come a long way. it's been an incredible couple of weeks. let's remember that the s&p was up more than two and half percent the last decade. averaging 30% annually. this is not a new phenomenon. this is a renewed push. if you look at some of the factors out there the declining dollar, oil prices will be higher. low volatility. the s&p target is just 10% up above. it lets be cautious. there is nothing to worry ...

Deserve some credit. i'm not sure donald trump deserves quite as much credit as he was taking but yes, the global economy is absolutely buoyant and going to grow and as a result, there isn't a short term, a lot of sense of u for . euphoria. people breathe the sigh of relief that donald trump there was trump on best behavior, trump with the tell promeprompt that reinforced the relief and euphoria you had. >> ronna, the best line i know about davos is i think jamie diamond, the ceo that says davos is where billionaires it will millionaires how the middle class feels. the billionaires and million...

Whether the agenda -- >> neil: would we have these returns if hillary clinton would elected? >> that's a question i wouldn't answer. who knows. hypotheticals aside. the market is shaking everything off. having that would seem to be disruptive in a very quick fashion. you ask what i would be worried about, you said it yourself, it's those unknown unknowns that come at you from left field. there will be something that you think at some point will shake the markets and people will go, of course you couldn't have vix at multi decades low. usually there is a reversion to a mean. >> neil: that's vol...