Inflation Pain for Stocks, Musk Defends DOGE, Exclusive With BofA CEO Moynihan 2/12/25

Inflation Watch: Carl Quintanilla, Sara Eisen and Michael Santoli explored what to make of stocks falling and yields spiking after January CPI came in hotter-than-expected. The anchors also discussed Elon Musk's defense of the Department of Government Efficiency -- after President Trump signed an executive order giving DOGE more power to find ways to cut federal spending. In a CNBC Exclusive, Leslie Picker sat down with Bank of America CEO Brian Moynihan to discuss everything from interest rates to President Trump's message on debanking conservatives. Also in focus: Day 2 for Fed Chair Powell on Capitol Hill, SoftBank's surprise loss and CEO Masa Son's AI bets, earnings winners and losers. Squawk on the Street Disclaimer