Bank of America Sheds $22 Billion in Value; Consumer Prices Ramp Up

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections. Elsewhere, Bank of America stock and fixed-income traders missed estimates, while Anthropic held a pre-IPO investor day.

On today's episode:

• Bank of America CEO Brian Moynihan
• Mike McKee, Bloomberg News Economics & Policy Correspondent
• Mandeep Singh, Bloomberg Intelligence Global Head of Tech Research
• Kelly O. Kay & Jeff Sanders, Partners at Heidrick & Struggles

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