U.S. consumer price index increased 7.7% over the 12 months ending in October
U.S. consumer price index increased 7.7% over the 12 months ending in October

The consumer price index rose 7.7% in October from a year earlier.

Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.