he is chairman and ceo of bankamerica, the second-largest bank behind chase. bankamerica has success continues to hinge largely on the fate of the u.s. economy. the incoming trump administration has signaled it will roll back some regulation and pursue a massive program of agenda. over the last month, bankamerica's share prices have risen more than 30%. i amply to have brian moynihan back at this table. welcome. pleased tod -- am have brian moynihan back at this table. welcome. why has your stock risen? brian: i like to take credit, but if you think about what the election has sparked, interest

he is chairman and ceo of bankamerica, the second-largest bank behind chase. bankamerica has success continues to hinge largely on the fate of the u.s. economy. the incoming trump administration has signaled it will roll back some regulation and pursue a massive program of agenda. over the last month, bankamerica's share prices have risen more than 30%. i am pleased to have brian moynihan back at this table. welcome. why has your stock risen? brian: i like to take credit, but if you think about what the election has sparked, interest rates will go up, and they anticipate a better economy.

he is chairman and ceo of bankamerica, the second-largest bank behind chase. bankamerica has success continues to hinge largely on the fate of the u.s. economy. the incoming trump administration has signaled it will roll back some regulation and pursue a massive program of agenda. over the last month, bankamerica's share prices have risen more than 30%. i am pleased to have brian moynihan back at this table. welcome. why has your stock risen? brian: i like to take credit, but if you think about what the election has sparked, interest rates will go up, and they anticipate a better economy. the fed has been signaling it. it would be a surprise if it didn't, quite frankly, rates going up. but mostly, a view that regulation, even if it doesn't go backwards, will go forwards. that is good for a bank's ability to turn capital. and it's good for growth. at the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. charlie: will rising interest rates create a dramatic increase in your revenue? brian: it's a significant amount of revenue

he is chairman and ceo of bankamerica, the second-largest bank behind chase. bankamerica has success continues to hinge largely on the fate of the u.s. economy. the incoming trump administration has signaled it will roll back some regulation and pursue a massive program of agenda. over the last month, bankamerica's share prices have risen more than 30%. i amply to have brian moynihan back at this table. welcome. pleased tod -- am have brian moynihan back at this table. welcome. why has your stock risen? brian: i like to take credit, but if you think about what the election has sparked, interest rates will go up, and they anticipate a better economy. the fed has been signaling it. it would be a surprise if it didn't, quite frankly, rates going up. but mostly, a view that it doesn't even if go backwards, will go forwards. that is good for a bank's ability to turn capital. and it's good for growth. at the end of the day, if capitalism succeeds, the economy facilitatebanks the til that. charlie: will rising interest rates create a dramatic increase in your revenue

over the last month, bankamerica's share prices have risen more than 30%. am pleased to have brian moynihan back at this table. welcome. many things to talk about. so why have your stock prices moved up 30% since the election? brian: i like to take credit, but if you think about what the election has sparked, interest rates will go up, and they anticipate a better economy. the fed has been signaling it. we will see. it would be a surprise if it didn't, quite frankly, rates going up. but mostly, a view that maybe regulation, even if it doesn't go backwards, will go forwards. and you will have a more balanced discussion. that is good for a bank's ability to turn capital. and it's good for growth. at the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. that is good for banking and the u.s. will be particularly successful. as a bank. america charlie: will rising interest rates create a dramatic increase in your revenue? brian: it's a significant amount of revenue increase. it has been a long time at low rates, and the busine

this is tom flickinger of the bankamerica. we also have susan basin. we have done a lot of work together at the alameda county food bank. tom, tell me about bankamerica and what was it that inspired your workers to give so generously?>> we have been an advocate of alameda food bank for over two decades. we have been supporting them but through this time of year, we have a special program called give a meal at which the bankamerica foundation will donate two dollars for every dollar that is raised to the organization. we triple the donation. alameda has done an amazing job partnering with us and their constituents to make this type of check happen.>> you have some good people at your bank. >> we do.>> how much are you donating this year to food for bay area families? drum roll please.>> this one is actually $75,000.>> applause in the studio here. this is fabulous. $75,000. susan basin, how many people will this be?>> thousands of people. one dollar provides six meals. we are really honored to receive this generous donation.>> have you seen any improveme

over the last month, bankamerica's share

bankamerica has success continues to hinge largely on the fate of the u.s. economy.ration has signaled it will roll back some regulation and pursue a massive program of pro-growth. over the

david wu of bankamerica merrill said it's the number one wild card for 2017. >> this is my single biggesti fear the u.s. and china could be on a collision course. again, it comes back to childlike innocence coming from donald trump. >> billionaire benny stein is issuecalated a decade old with rio tinto over the rights to a mine. he claims rio tinto may have authorized a payment to a consultant who is also a friend of ginny's president -- new guinea's president. david, tell us more about this new development. >> good morning. israeli billionaire a letter to the chairman of rio tinto seeking billions in damages for what they say was a breach in their rights. look, in fact, a director told bloomberg news yesterday that the company could seek as much as $5 billion in damages. if the company does not receive a response which includes enough compensation by the third of january, it intends to file a lawsuit. all of this relates to the ongoing issue for rio. alertedt month, rio authorities in the u.s., u.k., and australia after he carried out an internal inquiry into the 10.5 million dollar paym

disney is higher, as the stock was added to bankamerica merrill lynch's number one usa sublist. -- stock but also macro. it also had a possibility that lower taxes could help the shares. they have seen an upside potential for the shares of disney. as for another pocket of strength in the u.s. market, we are looking at the chip stocks, a bit of a rally here. thead the stock of philadelphia semiconductor index up about 1%, being led by lam , upgraded by goldman sachs to buy. the firm is bullish on the chip equipment maker. we do have a number of the chip stocks trading higher. equipment stocks are seen as what could be ahead for the chip stocks, since they need to order the equipment to make the chips. bullish action here for the chips. this is pretty positive. many the service, we have a bit of a -- beneath the surface, we yen a bit of a bid, the trading higher. you have the growth euro versus the yen trading down. that tells you the degree to which the yen's trading higher. we have the 10-year yield trading down by about five basis points as bonds are getting a bit of a bid. finally, a b