Don't listen to the doctors, traders, check that smartphone one last time before going to bed.
You never know what news in the evening will dominate market sentiment the following day. Here are three things TheStreet will be watching for on Wednesday.
Financial Stocks About to Surge?
In one last step, the House of Representatives voted 258-159 in support of a Senate-derived bill aimed at peeling back regulations for scores of community and regional banks. If President Trump signs the legislation before Memorial Day as expected, the threshold at which banks are seen as "too big to fail" will increase to $250 billion from $50 billion (among other factors).
That could set off a wave of consolidation among community and regional banks. Top names catching a bid higher afterhours included Regions Financial (RF , Synovus Financial (SNV , BB&T (BBT and SunTrust (STI .
"Consolidation is going to occur in financials, that will be hot," long-time Stifel Financial Group (SF CEO Ron Kruszewski told TheStreet in April. "You have not seen the creation of a $50 billion [financial] organization since that occurred [$50 billion threshold for SIFIs as part of Dodd-Frank], so that will change."
Watch the interview below.
PayPal Marks Time
PayPal (PYPL shares have traded sideways over the last five sessions as Wall Street awaits the fintech giant's key investor day on Thursday. TheStreet will be at PayPal's San Francisco headquarters covering the event, so be sure to check in with yours truly @Briansozzi on Twitter.
Wall Street is keen to hear more about PayPal's transition deal with eBay (EBAY announced several months ago.
"CFO's goal for the investor meeting will be to address concerns around the eBay transition," says JP Morgan analyst Tien-tsin Huang. "Recognizing proof points will take time, investors should take some comfort recognizing that PayPal successfully navigated other transitions including customer choice and an asset light deal with Synchrony."
Listen to TheStreet talk with PayPal CEO Dan Schulman on the latest 'Jolt' podcast below. PayPal is a holding in Jim Cramer's Action Alerts PLUS.
The Overall Market Looks Shaky?
President Trump is back to rattling the markets again with his comments. Trump said Tuesday he wasn't pleased with last week's trade talks with China and cast doubt on the status of a June 12 meeting with North Korea leader Kim Jong In.
The Dow Jones Industrial Average
Reminds TheStreet's founder Jim Cramer over on Real Money this evening: "So stick with individual stocks. Do not be afraid to cut your losses and recognize that when the charts break, there's no rallying until the sellers stop selling and the buy cycle begins anew."