for a "squawk" exclusive interview right here at the nasdaq is bank of america ceo and chairman brian moynahan since we left march 2020. welcome. and thank you very much for being here >> well, it's great to be here, becky, and see you again and be in person. >> yeah, it's been way too long. but things are starting to open up i get the feeling you probably have pretty big numbers on how good that opening is go, bank of america, one out of every two households has some relationship with them. what are you seeing in the numbers? >> well, we're seeing from this year to date, compared to '19 -- '20, numbers are up high total consumer spending 3 1/2 now. >> for year to date? >> for year to date, it's up 20%. >> how is that possible up 20% over a prepandemic year? >> if you think about it what happened in '17 and '18 as it started to expand, you went from 5%, 6% level and people got stimulus money and they've been spending it. the unemployment rate is going down people are going back to work. people can go into amusement parks. they can go out to eat seeing everything open the only thing still down

tom: lisa, i want to get in front of this conversation with brian moynahan. we have heard from j.p. , citigroup, a little bit of saw guinness -- sogginess. you wonder how this carries over to mr. moynahan's shop. lisa: the expectation is for it to continue. trading volumes have been a lot lower. there was not the same kind of disruption. it was supposed to slow down. jamie diamond saying this is normal. i am mortgagors -- more curious to hear what he has to say about consumer lending. also about interest rates. about whether the message from the federal reserve yesterday was good for them are bad for them. tom: don't we understand the loan demand is not there? isn't that a given? lisa: is it not there because of all the stimulus being worked down, and will then pick up? is that the case? tom: this goes back to sell 3% -- sub 3%. i am focused on what gdp is going to be for q3. one of our themes in the summer at bloomberg's surveillance. stay with us. the governor of norge's bank, next. ♪ ritika: officials at the fed now signaled they may raise interest rates from near zero faster than