. >>> still to come, bank of america chairman brian moynihan. that's coming up next hour >> but up next, jim chanos will join us. we'll get his take on the elon musk purchase at tesla and so much more when "the closing bell" comes right back keep it here a bachelor. and that's how he intended to keep it. then he met the love of his life. who came with a three foot, two inch bonus. for this new stepdad, it's promising to care for as if she's his own. every way we look out for those we love is an act of mutuality. we can help with the fincial ones. lere or find an advisor at massmutual.com i'm not really a, i thought wall street guy.ns.l ones. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not

and now we are going to get a from the bank of america, chief executive officer brian moynihan on thenies responsible growth strategy. thank you, bank of america. >> responsible growth means to me is very straightforward. the four elements, it's got to grow, the right way with the customers, wright risk management and on a sustainable basis. the rule of banks have success. our job is to help the community to and be successful. whatever might be driving it. whether it's via text or traditional manufacturer or anything in between our job is to affect unity the successful. to up its housing markets grow. what we have is that each piece piece,. >> please welcome axios managing editor kim hart.

executive officer brian moynihan on the companies responsible growth strategy. thank you, bank of america. >> responsible growth means to me is very straightforward. the four elements, it's got to grow, the right way with the customers, wright risk management and on a sustainable basis. the rule of banks have success. our job is to help the community to and be successful. whatever might be driving it. whether it's via text or traditional manufacturer or anything in between our job is to affect unity the successful. to up its housing markets grow. what we have is that each piece piece,. >> please welcome axios managing editor kim hart. [applause] >> thank you so much for being here. my pleasure to introduce fcc chairman ajit pai to the stage to apply the conversation about the internet. welcome. >> thank you. >> thank you again for joining us early in the morning. you had a busy week. some people in the audience may know this but you and i worked together at the fcc for about three years. i was the press secretary there while you were commissioner and now you are

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how does jamie dimon or brian moynihan deal with curve flattening? earlier, thetioned u.s. terms of business models and involved in capital markets than european banks, therefore better able to adapt rather than just to the shape of the yield curve. while we make it the ecb and announcing the end of asset purchases, the forward curve and the markets are not expecting interest rates to get positive and tell late 2019, so this is something european banks will struggle with. we see them continue to struggle going forward. loan demand is weak in the eurozone. 2%, growth somewhere in the 3% range, well below nominal gdp growth. they don't have loan growth or a positive yield curve. it is a difficult environment. francine: robert, should they just consolidate? would it make it easier? or if you put two banks that are not that strong together does it make it worse? >> i will leave that mostly for the bank analysts. the base problem is tom talks a lot about nominal gdp growth, animal spirits. there is not a lot of revenue growth from the interest rate side of the loan growth side i

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