Poll: Trump's economy approval still falling
President Trump's approval rating is now at the lowest level of his second term and only 27% of Americans approve of how he is handling inflation, according to a new CBS News poll. Olivia Rinaldi reports.
Economy
New CBS News poll on Trump and economy
A new CBS News poll finds most Americans are stressed about finances and many are frustrated by President Trump's economic approach. CBS News executive director of elections and surveys Anthony Salvanto goes into the findings on "Face the Nation with Margaret Brennan."
Analyzing Jerome Powell's legacy
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
Study: Cash can help prevent homelessness
New research from Johns Hopkins School of Public Health shows that one-time direct cash payments of, on average, $3,700 can help prevent young people from falling into homelessness. Larry Cohen, co-founder and executive director of Point Source Youth, joins "The Daily Report" to discuss.
Is a powerful new China a true narrative?
As President Trump and China's Xi Jinping prepare to meet, Americans will hear a lot about American decline and the rise of a powerful new China. The Chinese certainly believe it - but is it true? Tony Dokoupil has more.
China's most critical issue: Taiwan
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
Trump's China trip underway as inflation rises
President Trump arrived in Beijing on Wednesday for a summit with Chinese President Xi Jinping. Mr. Trump's trip comes as Americans face higher costs for gas, food and more. CBS News' Anna Coren and Samantha Vinograd report.
Consumer inflation reaches a nearly 3-year high
As the war with Iran drags on, the cost of living is rising faster than wages, putting a major squeeze on middle and working-class Americans. Kelly O'Grady reports.
Local restaurant owner feels pinch of war
Jason Allen has a closer look at how rising prices are impacting both American consumers and business owners in Dallas.
Trump on "only thing that matters" in Iran talks
Before leaving for China on Tuesday, President Trump told reporters that he doesn't think about Americans' financial situations "not even a little bit" when negotiating a deal with Iran. CBS News senior White House and political correspondent Ed O'Keefe reports.
Inflation at highest level in nearly 3 years
Inflation is now at its highest level in nearly three years, in large part due to skyrocketing energy costs from the Iran war. Arjun Murti, partner at the energy sector firm Veriten and author of the energy-focused Substack newsletter "Super-Spiked," joins with analysis.
Inflation accelerated in April
New inflation data shows a concerning trend in April as the Iran war impacts Americans' wallets. CBS News' Kelly O'Grady reports.
Stocks stay strong despite Iran war uncertainty
Despite the ongoing war in Iran and high gas prices, stocks started trading higher on Monday. The S&P 500 and Nasdaq both hit record highs, bolstered by the tech sector. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
What April's jobs report says about economy
The Bureau of Labor Statistics on Friday reported a better-than-expected jobs report for April. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.
New jobs data beats expectations
The U.S. added 115,000 jobs in April, but some data remains concerning. CBS News' Kelly O'Grady reports.
Data on more small businesses popping up
More Americans are starting and expanding small businesses, according to new data. CBS News' Jill Schlesinger has more. (Sponsored by AT&T Business)
Breaking down Spirit's liquidation process
A lawyer for bankrupt Spirit Airlines said the rising cost of fuel "engulfed" the airline, drained its liquidity, and derailed its restructuring efforts. There's a sense of urgency to expedite the liquidation process because lawyers say it would benefit creditors and customers. Bob Allen, managing editor of Nomadic Aviation Group, which handles private flight operations for the aircraft leasing industry, joins "The Daily Report" to discuss.
Trump on prospects of Iran deal: "Very possible"
President Trump on Wednesday spoke to reporters about the prospects of a final deal with Iran, saying U.S. officials have had "very good talks over the last 24 hours."
U.S. debt has surpassed GDP, here's why
For the first time since World War II, the U.S. national debt has surpassed the size of its economy. CBS News MoneyWatch associate managing editor Aimee Picchi has more.
The U.S. debt now exceeds the country's GDP. Should we worry?
Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.
U.S. debt beats GDP for first time since WWII
The U.S. debt is exceeding the country's gross domestic product for the first time since World War II. CBS News contributor Javier David has more.
Vance heads to Iowa amid economic concerns
Vice President JD Vance is headed to Iowa on Tuesday for a campaign event as concerns over the U.S. economy grow amid the war with Iran. CBS News' Ed O'Keefe has more.
Minneapolis Fed president on interest rates
Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East."
Hassett on energy shocks affecting airlines
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."
How Americans prioritize spending
Consumers are cutting back on goods with sharp price increases, according to the Bureau of Economic Analysis. From December to February, spending on clothing fell 7%, spending on furniture fell 5% and spending on sports equipment fell 6%. The Wall Street Journal economics reporter Rachel Wolfe writes in her recent piece that recent inflation is not driven by consumer demand, but by companies passing on increased costs to customers. She joins "The Daily Report" to discuss.
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