Listen: United States, Johnny Philly, CEO discussed on CNBC's Fast Money
"The doubt fifty points but every new high is a new high. But it's not just here at home. Stocks across the globe or off to a strong start to the year shares a beam Perry Bah listed in France. That's and here up. Twenty three percent of the past year and part of that run maybe because of interesting new innovations around environmentally conscious investing Johnny Philly ONA's the CEO. It'll be being prepared by America's and we're pleased to have him here on fast money. Johnny thanks for joining us. Thank you for having me here. Jusoh okay the first thing is before you get into this ESPN ESPN investing. Because a lot of our viewers are probably skeptical of it. I want to ask you broadly. you do the Americas South America Mexico Canada but you're global company how does BNP Perry. Hey boss see the world the global economic expansion and this incredible market run. We've had very positively or forecast for the. US's he's Still quite strong for twenty twenty one point five percent. GDP growth consumer spending confidence is still there Wages as well Clearly the US China trade phase one is gonNA lift some uncertainty. Brexit is happening that another uncertainty which is being lifted having said that the volatility and uncertainty will be driven by Joe Politico political and social tensions. So there's there's always room for risk and of course what you guys are being buried by do so well as derivatives so I mean you you create products and innovate when we hear about yes G. Environmental Social Governance Sean. If there's a lot of people will roll their eyes. The Pride Driving Home Right now doing that. Oh this is just just a marketing gimmick. Is it Brian. Do you know how much sustainable and bones have been issued since inception since the very first Greenville and a few years ago no idea a trillion dollars in two thousand nine hundred we will be exceeding the twin Elian dollars of issuance. If you look at just this is for the issue side if you look at last year on the investment side. US investors allocate over twenty one billion Billion Institute of all assets which was fall times more than what they did in twenty eighteen pobably going exponentially in twenty twenty. Then that's that's that's a reality. That's that's what he and I spoke with somebody who said that in thirty years on the street they have never seen a part of the market grow as fast as this and including. It's not just green bonds. You and I were speaking earlier about. I guess you had helped a giant Italian company L. Issue Debt and correct me if I'm I'm wrong. that the interest rate fluctuates based on climate goals. You are fast learner. Brian Absence Fast money. The first one is this first learning here. You described it very well. It's basically a sustainable bone is really providing. Economy consented to both sides of the issue or meet their system really metrics they will get. They will continue to benefit from lower cost of funding. If they don't the investor will get an attic just to make it up for you know the Matrix twix not been a mess. Basically but if if I may I think this is taking such a critical importance because we all see what's happening in the world. You know look at Australia. Look at California. What's happening today has social economic and humanitarian impact on on what we do and I would say the risk adjusted return of the World War looking at which you do so well every every day here is mechanically changing? I'm sure were you saw. Larry thinks interviewer read his letter. How important transformative or something like that for the industry? We're talking about right now. What will very much align with? What actually Larry wrote here in my case? It's not trying to be prescriptive. It's really you know trying to be aligned with Mike. My stakeholders are looking for Stakeholders I mean shareholders but I mean clients abuse. The there is not a meeting with a client. I have these days of corporate institutional where sustainability is not being discussed but stakeholders to me are regulators as well Media Buys your opinion leaders and this is why it's a privilege to be here and last but not least employees. You cannot believe how employees or pushing hard to see their company including BNP Paiva. Hi By being more and more into the world of sustainability so the biggest institutions and and obviously the world but when we think about the Paris accord and some issues that I think on the geopolitical side to what extent do you think there's a massive divide in this country versus the goals of your. That's that's what we hear about that. Even though again the biggest institutions can drive. They can walk with their feet And let's hope they do what it's an excellent point you raise it shows you have actually quite international view here there is. There is no question I would say Europe has been postponed the forefront of it and you mentioned cop twenty one. And that's that's that's very real. I think that I continue day today. here The interest from clients in terms of Sin Abilities is actually very very vibrant. Just an example A few weeks ago we have the large sea or for large. US maintain astronaut who had some quite intense discussions with the rating agency. Came to us. We have it was a fraud score to say. Listen we might have missed this dimension. Can you help us. We allocated capital raising in to molson ability. It's good it's good business. It's eight for the planet but it's it's business. It's business in terms of fireworks to list. The series of product solutions assistant be linked. We have at the bank. We spoke green bones but to mention system to be linked of financing recently derivatives on the retail side including with Bank of the West where actually offering INCENTIVIZE LOANS FOR SOLAR for electric cars for us because we actually on number one insisted encysted about loans in the world and actually top three systematically in green bonds which have used these is very critical back some good numbers Johnny Philly on the CEO CEO BNP Paribas. America's is first appearance on La Vitale. John Thank you very much because so much for having a really appreciate that guy. I think that's it's fascinating product. And why it was so good to have him on to to Lincoln interest rate to an outcome is fastened brilliant. And you know it's interesting. This is a gentleman it's this was a US US bank. We talked about jean-yves everyday the way we talk about. Jamie diamond has been at pair above for thirty five years now but I think it's fascinating and quickly. We had to leave across on. I asked her about Exxon Exxon Mobil and she made the comment. Exactly what we're talking about you talk about a stock that has lag now take a look at Xm okay thank you very much. Ese by the way sure to be a big focus focus at the World Economic Forum in Davos next week of course CNBC. We'll be there as always full coverage best in the business kicks off Tuesday morning five. Am Eastern the can't miss interview with the CEO. Of a Bank of America Brian Moynihan all right. There's a lot more fast money coming up. Here's what we've got for you. After the break numbers to show in demand in the region of one point two million barrels a day demand growth For Twenty Twenty Much lower than what we had previous two years. But I think it's still a little bust what we see from our side is an upside potential of growth in in Tom from from the demand side of the equation which will affect the total balas. All right that was OPEC Secretary General Mohammad Barkin knows exclusive common. CNBC just a short time ago. We sat down earlier today for an exclusive in New York City that full interview by the way talk about political risk Iran global supplies the shale boom and his role as a peacemaker. We'll be up on. CNBC DOT com very soon. If not already check it out please it is time now. Go."