Boom Bust: Bank of England first to raise rates since pandemic

The Bank of England has broken the global central bank consensus as it moves to raise interest rates, in a bid to combat inflation, moving away from its pandemic policies. And the debate over lawmakers and stock trading is heating up as US House Speaker Nancy Pelosi has come out in favor of congressional members owning shares. Plus, the supply chain woes are showing no signs of slowing down as the backup is taking a toll on auto sales and the industry at large.