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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. Brian, you sit on the top

of one of the world's largest banks. That's great to be here. 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 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 the set of policies

with the new Trump administration.

Have you any private kind of secret indicators that you are particularly keen on that nobody else is really looking at?

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