9am Hour: Exclusive: BlackRock’s Larry Fink, CPI Runs Hot,  BofA’s $1.2B Fine  10/14/26

BlackRock's Larry Fink says a historic capital shortage is driving plans to securitize AI chips/GPUs like 1970s-era mortgage-backed securities.

• CPI runs hot: September headline inflation hit 3.7% annually (highest since May) and core rose to 2.6% from 2.4%, pushing the 10-year yield toward 5.31% and raising Fed October-cut odds.
• BlackRock's blowout quarter: AUM hit $15.5 trillion, Aladdin software grew 12%, and CEO Larry Fink called BlackRock's 38% operating leverage 'clean,' with firm-wide client assets reaching $55 trillion in Q3.

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