Welcome to Closing Bella, Mike Santoli in for Scott Wopner.

We are live from Post-9 at the New York Stock Exchange market heading higher on this

final trading day for the month of April, S&P 500 up been about a half a

percent most of the day the Dow looking toward its best monthly gain since

January and the S&P also poised to end the month higher as well as the week while the NASDAQ

which has been a bright spot for the past week is on track to close down just

slightly for April. We begin this make or break hour with the fate of First Republic. Hopes for a deal that could keep

the bank afloat and independent are dimming, but a government-enabled solution of sorts could

be taking shape. Our own David Faber joins us now on the

cebec newsline with the latest.

So David, catch us up on what, you know, the government and

some of the big banks might be discussing with regard to First

Republic.

Sure, Mike, you know, listen, it's uncertain as to what the fate is the First Republic, of course, as we've been saying all week, really, since the company reported Arning.

That said, what we reported earlier this morning was that the main

conversation is taking place right now seemed to be between a number of banks and the

FDIC, specific to what is a number they would be willing to pay so to speak to

take over for lack of a better term the carcass of first republic but that would

include the bank being taken into receivership by the FDIC.

Essentially the process that we saw with both Silicon Valley Bank and Signature Bank and

that weekend back in early March. That seems the most likely scenario at this point. That's something

we reported this morning. That is why the stock of course is down as much as 39% right now

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