Oil prices crash as economic fallout widens
The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
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The Dow, S&P 500 and Nasdaq all took major hits as a global glut in oil supply and low demand for fuel sent stock prices plummeting. Janet Shamlian reports.
The Dow tumbled more than nine hundred points to end Wall Street's worst week since 2008. It's on pace for its worst month since 1931. Kris Van Cleave reports.
The stock markets ended a brutal week on a positive note. The Dow bounced back by nearly 2,000 points, picking up more than 9% on Friday. CBS News business analyst Jill Schlesinger reports.
The Dow Jones Industrial Average on Monday saw its worst trading day since 2008 thanks to an oil price war and fears of the spread of coronavirus across the world. Associated Press White House reporter Jill Colvin, Wall Street Journal congressional reporter Natalie Andrews and New York Times Federal Reserve and economic reporter Jeanna Smialek spoke to CBSN's "Red & Blue" about the unfolding situation in Washington.
Stocks drop over fears of recession; Congressional seat distribution under attack?
Dow Jones Industrial Average dips 800 points; Plastic pollution reaches far and wide.
Dangerous storms threaten the East and West coasts; Maisie Sly, a deaf six-year-old actress, nominated for an Oscar
By the end of trading Thursday, the Dow lost more than 400 points, sparking concerns about a possible trade war. It comes after the president announced he's putting tariffs on aluminum and steel. "Face the Nation" moderator Margaret Brennan has more.
Stock markets in Asia took some major hits following Wall Street's plunge. But what happens when a market meltdown starts in China instead of here in the U.S.? CBSN contributor and Signal newsletter writer Gabe Lipton explains.
U.S. stock markets will start the day in a long-awaited correction. The Dow Jones Industrials fell more than a thousand points Thursday for the second time in a week. The Dow had its biggest-ever one-day point decline on Monday. Kenneth Rogoff, Harvard professor and former chief economist of the International Monetary Fund, joins "CBS This Morning" to discuss why investors should stay calm and how Washington impacts the stock market.
Wall Street opens after the Dow suffered its second-worst points drop ever. It closed more than 1,000 points lower Thursday. The worst drop in history, nearly 1,200 points, happened Monday. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss why the market is in correction territory.
U.S. stocks tumbled again after huge swings earlier this week. On Thursday, the Dow lost more than 1,000 points. CBS News business analyst Jill Schlesinger explains what's behind the volatility.
After a long period of low volatility, U.S. markets have been rocked by sudden price movements -- leaving investors wondering what to do next.
The Dow Jones Industrial Average opens Wednesday after rebounding from its biggest points drop in history Monday. The Dow reclaimed almost half of what it lost in the plunge. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss the natural course of the market and whether politics are impacting Wall Street.
Government shutdown looms, lawmakers scramble as the President urges to secure borders; Girl Scouts lobby to rename bridge.
One day after the Dow Jones Industrial Average's biggest single-day point drop ever, the stock market reopened with more fluctuations. The Dow was down 1,175 points, or 4.6 percent, on Monday. Nick Martell, the co-founder of MarketSnacks, joined CBSN for Tuesday's opening bell.
After losing more than 1,800 points over the previous two trading sessions, the Dow bounced up and down Tuesday. CBS News correspondent Bianna Golodryga has a look at what the wild ride means for investors.
The markets remained volatile Tuesday after the Dow dropped 1,175 points the day before. Scott Gamm, markets reporter for TheStreet.com, joins CBSN to discuss the latest.
The Dow plunged 1,175 points, or 4.6 percent, on Monday. CBS News financial contributor Mellody Hobson analyzes the recent volatility at the New York Stock Exchange.
Monday's stock market dive rattled investors who had been watching the U.S. markets hit record highs. But on Tuesday morning, the Dow Jones Industrial Average surged minutes in, up about 200 points. Bianna Golodryga reports.
A look back at what we've been covering on "CBS This Morning." Subscribe to get the Eye Opener delivered straight to your inbox.
All three major stock market indexes plummeted Monday amid fears of rising inflation and increased interest rates. At its lowest point, the Dow fell 1,600 points and closed down 1,100 points. It was the largest one-day point loss in the market's history. CBS News business analyst Jill Schlesinger joins CBSN to explain what is affecting the markets.
In a speech near Cincinnati, Ohio, President Trump touted his tax overhaul Monday. But the situation wasn't as positive on Wall Street. CBS News correspondent Dean Reynolds reports.
U.S. stocks plunged Monday, marking a second day of steep declines. CBS News business analyst Jill Schlesinger sits down with "CBS Evening News" anchor Jeff Glor to discuss what we can expect moving forward.
President Trump touted his administration's tax cut plan and discussed manufacturing at the Sheffer factory in Cincinnati, Ohio.
There is broad commitment on the principles of a deal, a senior Trump administration official said, and the administration feels positive about where things stand.
Sources identified the 21-year-old suspect as Nasire Best of Dundalk, Maryland, and documents obtained by CBS News show Best previously blocked a White House entry lane in June 2025.
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
More than 50,000 people in California remain evacuated due to an Orange County chemical leak that prompted Gov. Newsom to request that President Trump issue a Federal Emergency Declaration.
Negotiations are "in a very good place," a senior Trump official said, but, a deal to end the Iran war likely will not be signed this weekend.
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
From improvising classical music to playing songs students like, the approach by Payam Music focuses on student enjoyment while learning piano.
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
A spearfisher was killed on the Great Barrier Reef on Sunday in Australia's second fatal shark attack in just over a week, police said.
Sources identified the 21-year-old suspect as Nasire Best of Dundalk, Maryland, and documents obtained by CBS News show Best previously blocked a White House entry lane in June 2025.
On this "Face the Nation with Margaret Brennan" broadcast, Kevin Hassett, White House National Economic Council director, and Sen. Chris Van Hollen, Democrat of Maryland, join Nancy Cordes.
First responders rescued an infant from a car that became trapped in floodwaters in southern Texas on Saturday, video shows.
In California, the Pebble Beach Concours d'Elegance is widely considered the most prestigious car show in the world. But just a few miles away, the Concours d'Lemons celebrates the junkers of the automotive world.
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
On this "Face the Nation with Margaret Brennan" broadcast, Kevin Hassett, White House National Economic Council director, and Sen. Chris Van Hollen, Democrat of Maryland, join Nancy Cordes.
The following is the transcript of the interview with Sen. Chris Van Hollen, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
The following is the transcript of the interview with Kevin Hassett, director of the White House National Economic Council, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
The following is the transcript of the interview with Dr. Deborah Birx that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
A spearfisher was killed on the Great Barrier Reef on Sunday in Australia's second fatal shark attack in just over a week, police said.
The following is the transcript of the interview with Sen. Chris Van Hollen, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
The following is the transcript of the interview with Kevin Hassett, director of the White House National Economic Council, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Patti LaBelle said she's "having fun living it down" as the legendary singer marks her 82nd birthday.
Legendary singer Patti LaBelle has been performing for six decades. Correspondent Tracy Smith talks with LaBelle at her hometown of Philadelphia as she marks her 82nd birthday.
John McWhorter talks about his book, "Losing the Race: Self-Sabotage in Black America," published in 2000, along with one of his latest projects.
Amid concern about AI taking jobs, people see a range of motives by AI companies.
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
The alleged gunman in Saturday's shooting at the White House had tried to gain access to the White House last year. Natalie Brand reports.
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
Several shots were heard from the White House property on Saturday. Aaron Navarro reports from the location after Secret Service told him to get down immediately.
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
First, examining lessons from the Wall Street crash of 1929. Then, a report on mouse DNA and the fight against Lyme disease. And, inside the "Payam Method" for learning piano.
Crack in California chemical tank a positive sign, but explosion fears remain; details emerging on potential U.S.-Iran peace deal.
Once found only in parts of the West and Southwest, coyotes have dramatically expanded their range, and are now found in every state except Hawaii. Conor Knighton looks at how these animals have become part of the urban landscape in places like Chicago, and what roles they play — in history, in Native American stories, in art and in today's urban and suburban ecosystems.
Charlie D'Agata reports on the trail just south of West Point Military Academy that honors America's fallen patriots.
Americans are now paying 20% more for food than four years ago. Inflation rose nearly 1% this month, mainly due to higher gas prices. Shanelle Kaul reports.