Hi everybody, I'm Nicola Tangian, the CEO of the Norwegian sovereign wealth fund, and today I'm thrilled to have Brian Moynihan with us.

Brian is the chairman and CEO of Bank of America, one of the world-largest financial institutions, and we own one and a half percent of this great company.

Brian has led the bank for 15 years, steering it through the aftermath of the financial crisis and transformed it into a digital powerhouse.

So, Brian, wonderful to have you here.

That's great to be here.

Thank you for support to our company.

And look forward to a great session with you today. Brian, you sit on the top of one of the world largest banks.

What's happening in the world?

Well, I think there's a little bit of bifurcation between what's happening in various segments of the world, but you can add it all up to the world.

But I think largely what's being driven now is the United States change in this policy towards

from an economic basis, leave aside a geopolitical basis.

But an economic basis, a major change going on is that U.S. has changed with respect to four policies,

trade tariff type policies, immigration policies. This is more

domestic in the U.S., but the taxation, budget policy, and then deregulation. And you're seeing that

play out in the U.S. and obviously as a world's large economy and the biggest trading partner

with most countries, you're

seeing that impact around the world as we go through that change in a set of policies

with the new Trump administration.

So when you try to get a feel for where the world is moving, what are the indicators

you are looking at?

So when you look around the world, you look at a lot of indicators, but again, bring our

additional perspective on the US. We have a great research team, which your firm and others

...