what to do because that was our life at that moment and it was a really scary moment >> reporter: bofactober 2020 through march 2021 about 255,000 fraud claims were filed of which the firm approved repayments to about half in a statement to cnbc they said their number one goal has always been to ensure legitimate recipients could access their benefits >> it was exhausting >> reporter: bank of america gave moon, cool and rivera credit for their missing ing f you, but their lives were upended. >> this is people's lives you're messing with my life you're messing with this is his life, her life. i feel very punched in the gut >> reporter: amid our questions, bank of america and the state of california told cnbc they are in the process of transitioning to chip-based cards they would add a direct deposit option kansas, maryland and nevada in recent months. we called other banks that provide these benefits including u.s. bank, comerica and key bank only key bank responded, declining to provide any further commentary on fraud incidents due to ongoing investigations. kelly? >> quite some stuff.

bofa vsurvey out, inflation, 22%. down 42% month on month. >> really? >> i mean, that was obviously print before cpi. >> we have to solve freight. it's drivers talked to -- by the way, a quarter this morning, pepsico, that was magnificent talking about 6% growth. an unbelievable quarter. taking share everywhere. what's the problem it's freight it's drivers drivers all over the world i don't know what happened that is something that can't be solved in the next year. not enough drivers i don't know howhappened trying to pin down conagra-ness by the way. >> yep. >> big die-down and highest inflation hitting q1 and selling and that's in keeping, but no willing to call inflation. you're the best and don't call the top -- >> and conagra, but, right in line of what general mills told us a few weeks ago. >> right >> when we come back, there's boeing news. cutting production of the 787 dreamliner that news weighing on the stock. we'll explain what they told us this morning look at futures, as we are digesting earnings, inflation, macro and micro. "squawk on the