With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics finance investment and international relations

find Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on the

Bloomberg. Ken Leona CFRA joins us now.

Ken Leon, what does Jamie Diamond need from President Biden?

He needs really to really set the tone for confidence for the country and to make sure that we're going

back to a period of normalcy as it relates to how people think and live.

As it relates to the economy, the stimulus is coming.

That's going to help the consumer and small business.

Probably we'll see that benefit by the second quarter.

And again, this rear mirror of COVID-19,

we did see a reserve release of 2.9 billion

after building up to 33.8 billion.

That tells me that other than distressed industries

and energy or in leisure, the economy has strong footing for 21,

banks are going to benefit from that.

When Ms. Bazzick walked into the studio, Ken Leon,

the first thing out of her mouth was 24%.

Give a scope and scale on that startling tangible number.

It's enormous, and it really speaks to the buildup of capital for one thing and the opportunity of

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