Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23

Bank of America CEO Brian Moynihan weighs in on the state of the economy, what the Fed should do next, and the strength of his bank’s balance sheet.  We look at the cardboard box indicator and what that tells us about the chances of a global recession, and what could keep one at bay.  Plus, we take a deep dive into the super high-end real estate market in NYC and who’s managed to get it right.