The U.S. economy continues to perform well by many measures. Retail spending was up notably around Black Friday.

Markets are at or near record levels, and unemployment remains low. And yet, most Americans have long felt the economy is not doing well for them.

All of this is front and center as President-elect Donald Trump is set to implement an agenda heavily

focused on new tariffs, cutting regulations, and extending tax cuts. The Fed is also expected to cut

rates again this month, decisions watched closely by businesses, investors, and lenders.

Let's get some insight now from Brian Moynihan, the CEO of Bank of America, who joins us now.

Thanks for being here.

That's great to be here.

So as we talk about the state of the economy, one key indicator is consumer spending, and we have some fresh data on that front.

On Black Friday, Americans spent nearly $11 billion online.

That shattered a record.

Travelers heading home after the Thanksgiving holiday

set a record on Sunday. Airport TSA screened more than 3 million people. So it suggests that

Americans have disposable income. What does that say to you about the overall strength and stability

of the U.S. economy? So if you back up to the big picture, the U.S. economy is driven by consumer activity.

Big final demand, largest economy in the world, consumers spend.

They earn well.

Our purchase power on a global basis is high.

So it's key that the U.S. consumer stays in the game and spends.

And so from our data, Blackfire is up probably high single

digits, double digits. The month of November, all month is up 4%. That's a good healthy level,

consistent with a strong consumer sentiment. And the consumers expect to spend about 7 to 10% more

...