Sometimes teach very hard lessons and the past four trading sessions have been well, lets just say instructive. Violent declines friday and monday following britains vote to leave the European Union. The dow lost 900 point, but then came tuesday. A 269point gain for the dow. One oftoday, even better. Stocks rallied around the globe and here in the u. S. All three indexes rising more than 1. 5 . The lesson, what goes down fast can snap back equally quickly. Today, the dow r close at 17,69. The average has now recovered more than half of its post vote losses. The nasdaq rose 87 and the s p 500 climbed 34. For the record, the footsi 100 gained 3. 6 today erasing all of its post brexit losses. And Rising Oil Prices helped u. S. Shares today. Oil closed at 49. 88 a barrel. Thats up 4. 2 . And another thing that might help stocked this week, its the end of the quarter. Many sec mat any. Bob pisani takes a look at whether history could be an indication of an end of quarter the rally continues. Today was Even Stronger than yesterday and volume was heavy again indicating the buyers were enthusias enthusiastic. Ni for one declining. Why did we have a rally . Partly, its the end of the quarter with many stocks down double digits, history would beaten up likelihood of modes sectors going into the close of the quarter thursday and thats what weve been seeing. So, beaten up groups liks banks retailers and especially airlines, were among the leaders today. That as good sign m end of the quarter buying interest. Okay, does this mean that all these brexit worries are over . Well, thats unlikely, but its really hard to say. The question is this. G term market moving event or a shortterm phenomenon . Will it prove to be a s devalu back in august or the oil collapse at World Markets in february and march of this year . We just dont know. But for the moment, the fact stocks have turned around and that the dollar has stopped rising, the buying yields have is stopped dropping and tht rel community u. For nightly business report, im bob pisani. One of the reasons the markets may be settling down is the realization following the hysteria is dying down. Wilfred frost is in brussels where leaders discussed the matter for a second day. Three main take ways. E people in their work to implement it. The second, they will wait until 50 has been invoked before any form of divorce negotiationsth realize a new prime min the United Kingdom before that happens. Negotiations are going to be tough when they begin. Wants to maintain free trade, then they will also have to maintain Free Movement labor. Scottish minister nick. Alana las sturgeon has been meeting with various leaders to see if she could extra kate scottland. She said the rn though no real decisions have d im not being here today to reach any conclusions or to price any decisions or any commitments. Ive been here today to make sure that scotlanscotlands voi be and indeed, other leaders such as mr. Unka of spain made it clear they felt this was a british issue and no outright decisions could be made directly with scotland. So, the focus now turns back to wider United Kingdom and the battle in westmi leader of the conservative party and with it, the next pri minister. Various candidates have thrown their name into the hat. We should note know all the candidates by late thursday. The final decisi. Im willfred frost. Sod good news bad news for the economy. First, the good. Consumer spendinging rose nearly accounts for in ma more than twothirds of economic activity. At the same time, personal income ticked slightly higher, but less than expected. Now for the bad. Pending home sales fell more than 3. 5 in may. A sign the Housing Market lost a little steam. Ge capi big to fail. Federal regulators today removed its designation that general electrics financing arm was a simically financial important financial institution. Thats a label that comes with stribter regulation and with a cost. Shares up about 2 on the why losing the title is so important to the lik. Ge asked and regulators listened. We didnt expect to be dedesignated this quickly. Three months after the conglomerate requested its finance arm be removed, regulators concurred. This will save ge hundreds of millions in costs, free up capital and give the firm greater financial flexibility. Heres dean dray. The three areas for redeploying the additional capital, buybacks and youll see some Dividend Growth and then m and a. Its just really going to be the best use of capital, highest returns at that time. Once the source of over half of the companys profits, ge capital nearly brought the conglomerate to its knees during the financial crisis. Post crisis, regulators put ge capital and three other firms under the Federal Reserves watch, maintaining they were so big, the could would cause grave harm to the compan ge last april lawned a plan to shrink the finance business and remove its systemically ceo, keith sharon. In april last year, we announced the change for ge capitalened over the last 15 months, weve executed what we call project humble. Its involved reaching sales s including the split up. The split of the domestic credit card business and ge capitals smaller size among th giving the okay to remove the systemically important label. Another reason, the new funding model relied on long fund ges than the shortter crisis. If you look at the processes we put in place with the Federal Reserve over the better run y today. A company now focused on building a future where finance is a compliment to its main platform. A platform built on the foundations of ges industrial past. For nightly business report, im mary thompson. The Federal Reserve gave the green light to 30 major banks to raise its dividends and buyback plans. But one big name on the list did not pass the socalled stress test with flying colors. Kayla joins us with more. So, good news for most, but not for all. Yes, 30 banks passed with flying colors. Out of 33 banks, the Federal Reserve has been going through these tests for six years and there are always a few who dont make it through. This time, it was Morgan Stanley that has to resubmit its capital plan by the end of the year, but the company can go ahead with planned increases and its buyback. And the company is increasing its dividend to 20 Cents Per Share and buyback to 3. 5 billion per share. Deutsche bank trust and did not pass the test. They failed on qualitative terms and while senior fed Officials Say they did see some progress at those companies, there were still serious di efficiencies with the way they planned for potential stress scenarios. Mnt banks, the r would n have passed if it had submitted its earlier capital plan, but with feedback from the Federal Reserve, it resubmitted a lower Capital Distribution plan and passed. Notably some of the big banks did come out with sizable increases. Citigroup perhaps the most notable, raising dividend to 16 cents from just 5 cents, raising a buyback to 8. 6 billion from 7 pbt l billion. Jpmorgan, bank of america increasing both dividends and buyback. Trickle of good news for these companies perhaps just playing catch up with their counterparts in other sectors. Those banks had really chafed under the ability to increase buybacks. Obviously vindication of what theyve done to shore up their books. And also, good news for shareholders. The reason why i said citigroups is a stunning move, in 2014, dividend was one cent. After two years after failing the stress test twice in five years, to raise your dividend that type of movement is is 16 cents so very notable buyi back 18. 6 billion of stock. Certainly, shareholders had a lot not to like about the banks. Low growth and cost kuyting, but this is one piece of good news. E downside omes in a week in the financials because of brexit and because of whats been going on. So perhaps tomorrow in tomorrows ratrading session, i will be a little bit of good news. For the u. S. Banks, but i think what p tt units of european banks have again not passed the test. What happened next year when brar delays, credit swiss and u. S. Banks will have to take the test. Thats going to be an even. Igger foc federal Exchange Rates could cause travelers to flock to europe this summer, but Security Issues r mi. You need to know about traveling to europe this summe many states fight each other for busine dollars in the process. Kansas and missouri have been waging border war for years. Over one metro area. Namely kansas city. And while conventional wisdom says companies will go where the money is, scott cohn tells us that may be changing, sl. Missouri wants to create jobs. So does kansas. So, like every other state, they offer incentives. Create a job, get a which makes things interesting in kansa. Kansas and missouri. Inted of bringing in businesses from outside of this area, they were used to encourage businesses to move just across a street. Don hall, ceo of kansas city based hallmark cards, says plenty of businesses, not his, are doing just that. Moving a few employees from one side of the border to the other nd back and colle this incentive is that its a win lose. Opportunity for everybody, every time its used. A study by hallmarks charitable arm, the hall famry foundation, says in the past five years, the two states have spent 262 million on tax breaks. As of april, kansas was the net winner of just 1700 jobs at a cost of 93,000 apiece. Hall is one of 17 area ceos that sent a letter to both governors ago. Iing a moratorium on critics say the situation here is really no different from the incentive thats playing out across the country. Taxpayer do but change could be in the wind. Experts say incentive deals are down even as the economy improves. Not only are some states pushing back, companies are making fewer demands. People are beginning to understand that tax breaks ifent what maps n even here, both missouri and kansas have put reform proposals on the table. No agreement yet, but maybe a step toward a twrus in a war no with can win. Sales fall for t Fourth Quarter at general mill, but not as much as wall street feared. Thats where we begin tonights market focus. Dragged down revenue, but the results were still ahead of estimates. Thats the good news. The maker of cherrios and progressive soup, more than 4 to 48 cents a share. General mills up 3 on this good day to 67. 86. Both quarterly profit and revenue fell more than expected at the seed giant, monstanto. The company also said it is in talks with the drug maker buyer and other companies regardingal terron ty strategic options. Shares up mo. Diamond resorts going private. Private Equity Firm Apollo global will buy the resort Management Company expected to the end of this year and shares of diamond surged more than 23 on the news. To 29. 79. Walmart may increase the stake in jd. Com after recently acquiring 5 in the chinese ecommerce company. It can allow walmart to gain quote observer status at jd board meetings if it ups its stake to 10 . Shares of walmart up to 72. 64. Jd. Com up to 22. 39. An Ongoing Energy saga seems to have come to an end. Energy transfer has walked away from the afwreemt with energy wi last friday, a delaware judge ruled that a ete could end the troubled deal, wu williams had since appealed that ruling. Shares rose to 14. 70. Williamses share u 20. 84. And visa has i filed a counter claim to walmart retailer violated its contract by only allowing customers to sign with a pen. Visa says it requires retailers a choice of a pen or signature. In may, walmart sued visa. Shares of visa up 2 to 76. 74. Shares of walmart up to 72. 46. The federal avenueuation Administration Says it has lifted its temporary ban of all fights to and from istanbul, turkey. Yesterday, their airport was hit by a terror attack that left 41 dead and injured more than 230. At the time of the bombing ten turkh flights were inbound tot u. S. Britains vote to leave the European Union has left Many American travelers looking to head across the bond. In fact, hotels. Com says hotel searches for uk destinations from june 24th to june 26th are up more than 50 and now might be the time to with the british pound trading at a 30ye is now worth United Kingdom. To that trip to london town just got cheaper. If you booked a suite at the four seasons london last thursday before the brexit votw 8 a night. Today, closer to 7,000. Tr on average, hotels, bookings and prices for tourist related activities are 10 to 15 lower than last week and 30 lower than two years ago, but hold on. The good deals arent confined to just the uk. The euro has fallen since ato not as much. A suite at the four seasons in paris last week cost you 3200 euros a night or 3,640. Book t 3 . Other spots, bar bay doss, ma maldives and dubai. May brn to accommodate last minute travelers. A better price nowur european that Exchange Rates have changed. Experts say you may so, how will britains presumed exit from the europe e attack impact . Dennis shaw with skift, hes here with us to discuss. A european destination, you might try and rebook and see whether prices have come down. Great advice. A lot of Airlines Allow you to do that. So definitely be looking. D hots might as well have come down. Especially if you dont prebook your hotel. If its pay at the hotel. A lot of times, theyll honor the lower rate. What impact do you think longer term the terror incident is turkey is going to have on the travel industry . I dont see the bombing as a game changer in itself. Security has been a concern after paris and brussels. For years and traditionally, travel demand bounces back. I guess it depends on what destination youre talkinging about. I cant seatons of travelers traveling to istanbul now or to brussels necessarily. But there are plen of bargains out there. Vacation. And of course, the uk. That just got cheaper by the way. Lets talk about it going the other direction. Do you expect that europeans who have been and britts particularly, who have been big travelers to the u. S. , disney world, new york city, chicago, where ever. Are they going to cut back . I thinkback. I thk the theme parks will definitely feel a hit. U. S. Airlines. Hotels. You know, the big hotel brands, marriott, hilton, choice. Theyre going to feel it. Theyre going to feel it because their revenue is more concentrated in the u. S. T. They have to cut prices, do you think . Offer more. I think there will be more yeah, a lot of discounting to bring people in. Who knows, maybe air bnb will benefit from this because people are going to be forced to look for some bargain accommodations. Interesting point. Thank you so much for being s appreciate it. Dennis shaw with skift. Shaw with skift. Skift with shaw. Coming up, are you hungry . Well take a look at that iconic sand wish at the heart of a dow component tu a loob at what to watch tomorrow. Food and drink is rest rauntd we get to wash down those results with the corona, its parent brands report as well. We also get a labor market snapshot cla and thats what to watch thursday. An American Icon is turning 45 this year. Were talking about the egg mcmuffin. And as susan li tells us, while mcdonalds is known for its hamburgers, this has been a staple for nearly half a century and a lynch pin for the giants stunning turn around. Times change, but tastes dont seem to. The egg mcmu egg sandwich, continues to feed americas appetite for mcdonalds. It was created 45 years ago by herb pete eson. Inspiration . He started tooling around the kitchen trying to figure out a way to make a hand held eggs Benedict Smith craft this ring and that kept the egg at a round circumference. Round is working. Breakfast now accouncdonalds t. Sales and has been the fuel behind the food giants turn around. When mcdonalds rolled out the roll outs, they jumped 5 a globally. Its doing business for the morning day pa theyre whole breakfast business has gotten a real quick. While the recipe hasnt changeded, the ingredients are getting upgrades. Real butter, extra lean canadian bacon and by the year 2025, they say theyll use cage free eggs in all of the 16,000 residents in the u. S. And canada. Cage free eggs is really an Animal Rights issue. Its not so important for Public Health or health of individuals, but for some people, that is pretty important. The fast food giant wants to move to chickens raised without human antibiotics and fresh beef instead of frozen. But can they afford to make sheez changes and still keep profits up for shareholders . Annists say yes. Theyre heading the right way, so they can afford it. But the most important thing is that they look progressive. So, if mcdonalds moves forward to meet n customer, some things never seem to change including the enduring demand for a simple egg sandwich. And finally tonight, forbes is out with its 2016 list of americas richest families. Im not on it. The top 25 are worth 722 billion. Down slightly from last year and here are the top three. Number three, the candy folks, the mars family. Worth 78 billion. Coming in second, the kochs who run the nations second largest company. The families worth coming in t 82 billio and the wealthiest family in the u. S. , no surprise here, th waltons. John john boy and sue ellen, the ones of walmart fame. D the scales at whopping 130 billion. You may not be on the list, but youre priceless. There you go. That does it for us tonight. Im sue herera. Thanks for swrojoining us. Have evening. Wel see you tomorrow. Narrator they are the legendary stars of big game fishing, famous for their agility, speed and power. Billfish, particularly the sailfish, these are like the cheetahs of the sea. Billfish is on almost any fishermans bucket list. To me its the anticipation of the bite. Youre sitting there, watching your teasers, your baits, and when that fish comes in the spread, thats when everything starts getting real exciting, and youre waiting for the bite and you get the bite, you get him hooked up. You start fighting the fish, chasing him down, watching him jump. I think thats what makes it all really cool. Its a real thrill. Whenever you catch a fish thats a strong fighter, there is an adrenaline rush. cheering and hooting theyre such a beautiful animal, theyre very acrobatic when they fight, and its just a good feeling to catch one. Give it a pet or a kiss on the cheek and turn it loose