The American consumer keeps splurging

Mike Armstrong and Paul Lane discuss the release of the consumer spending report that showed an increase in spending by 0.4% over expectations. It is getting too expensive to have fun. Holiday spending to grow 14% this year. US stocks are ripe for earnings-led rally as rates angst settles. Ford Executive Chairman calls for the end of the UAW strikes. Bank of America's profit tops estimates on trading and net interest income. Goldman Sachs tops estimates on stronger-than-expected bond trading. American work-from-home rates drop to lowest since pandemic.