Hosted by Jane Pauley. Featured: "Hail and Farewell," our annual tribute to those we lost in 2025; the best underreported good news stories of the year; artist Thomas McKean, whose medium is New York City Transit MetroCards; a Gingerbread City exhibit in London; and a brand-new centerpiece for the Times Square New Year's Eve ball drop.
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Bank of America CEO Brian Moynihan talks prices, affordability, inflation predictions for 2026, the "shock" from the business community when President Trump enacted tariffs and how "the market will punish people if we don't have an independent Fed." Editor's note: This interview was filmed on Dec. 17, 2025.
Todd Kendhammer says his wife was killed in an accident -- a pipe flew off a truck and crashed into their car. Authorities say the scene was staged. "48 Hours" correspondent Erin Moriarty reports.
