There's so much news happening around the world that we're somehow supposed to stay on top of.

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

Radio that turns down the volume a bit to give you some space to think.

I'm Wes Kossova.

Each weekday I dig into one important story and talk about why it matters.

Listen to the big take on the I Heart Radio app,

Apple Podcasts, or wherever you listen.

Who you put your trust in matters.

Investors have put their trust in independent registered investment advisors to the tune of $4 trillion.

Why? Learn more and find your independent advisor.com. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene always with Michael McKee.

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

international relations find Bloomberg surveillance on iTunes sound

cloud Bloomberg. Wall Street, truly one of the most interesting controversial securities analysis, analysts

rather on banking and finance, Michael Mayo of CLSA.

Are you having fun?

I mean, you go into this season with all the cost cutting

and the angst about banking is it fun out there? It's a battle for the large banks

without top-line revenue growth the only way to make the bottom

line is to control expenses better and that means head count reductions restructuring

and dealing with this lower for longer interest rate environment.

What is Jamie Diamond's marching orders to his 20 top leaders in this September?

Well, Jamie Diamond at J.P. Morgan has been an outperformer.

...