This week on "Face the Nation with Margaret Brennan," July 17, 2022
Rep. Adam Kinzinger, former FDA Commissioner Dr. Scott Gottlieb and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Economy
Stocks rally as investors look for "pockets of optimism"
Investors were cheered by new data on strong consumer spending, but worries remain about the impact of high inflation.
Families struggle as inflation, gas prices soar
Inflation is pushing many Americans past their financial limits. Adriana Diaz met one family that's taking out high-interest loans to pay for gas to get their daughter to her cancer treatments.
U.S. stocks sink as investors worry Fed hikes might derail growth
"Growth fears are hitting the markets harder than inflation concerns," said one analyst.
A look at shark economics
Swimmers, surfers and businesses in Southern California have adapted to life with juvenile great white sharks. Now, researchers who have studied sharks for years are trying to understand their impact on the local economy. Carter Evans has more.
Understanding the used car market bubble
Experts warn that the market bubble for used cars might explode in the coming months. Wholesale prices for used cars reportedly increased 44% in November 2021 compared to one year before. CBS News' Tanya Rivero and Elaine Quijano sit down with Lisa Beilfuss Popeo, a senior writer for Barron's, to discuss the used car market, its relation to a rise in car repossessions, and when Americans can expect the market to stabilize.
Inflation surges in June
Inflation hit a fresh 40-year record in June, with consumer prices increasing 9.1% . It's the fastest increase in prices since November 1981, and above what economists had expected. Nancy Chen reports.
CBS Evening News, July 13, 2022
U.S. inflation hits 41-year high; Statue of civil rights leader replaces Confederate statue at U.S. Capitol
"Shrinkflation": Consumers getting less for their money
Consumers are getting less for their money as products get smaller and prices stay the same. Carter Evans has more on "shrinkflation."
U.S. inflation hits 41-year high
Inflation surged to a 41-year high, with the Consumer Price Index showing Americans paid more last month for just about every necessity from gas prices to rent. Nancy Chen takes a look.
Cost-of-living crisis will hit women hardest, report says
U.S. ranks No. 27 in gender parity, behind New Zealand, Rwanda and Germany which received top marks in report.
"Inventory glut" forces deep discounts
Now that orders are finally catching up from pandemic-related shipping delays, consumers are taking advantage of storewide discounts as retailers try to clear the backlog of inventory. Carter Evans reports.
Tips to prepare for a possible recession
With inflation at a 40-year high, and the Federal Reserve raising interest rates, many financial experts warn of an economic slowdown. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to protect your finances during this uncertain time.
U.S. caused $2T in climate harm to poor nations, study finds
"It's the countries that have emitted the least that are also the ones that tend to be harmed," says co-author.
Sri Lankan president flees the country amid economic crisis
Lawmakers agreed to elect a new president next week but struggled Tuesday to decide on the makeup of a new government.
Amazon Prime Day arrives amid inflation and "frugal" shoppers
Amazon's Prime Day, which runs July 12 to 13, arrives as online sales growth is slowing.
Biden heads to Middle East for first official visit
President Biden will travel to Saudi Arabia and Israel this week for his first official visit to the region since taking office. The White House confirms the president will hold talks with the Saudi king and Crown Prince Mohammed bin Salman. He will also meet with Palestinian officials in Israel's occupied West Bank. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined CBS News' John Dickerson to discuss.
Twitter stock plunges on prospect of legal battle with Elon Musk
After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.
Prices of essential items continue to surge
Americans are seeing a significant price increase for essential items, hitting a 40-year high. Sarah Foster, an analyst for Bankrate.com, joins "CBS News Mornings" to discuss how Americans can combat the rise in the cost of goods.
Are corporate profits driving inflation?
There are two commonly-accepted aspects of economics that determine prices: supply and demand. But some say a third factor is companies' pursuit of increased profits in the midst of supply-and-demand chaos stirred by war and pandemic. Correspondent David Pogue talks with former Treasury Secretary Larry Summers, former Labor Secretary Robert Reich, and economist Mike Konczal about the legitimacy of corporate avarice
Sri Lankan opposition meets to install new government amid turmoil
Sri Lanka's opposition political parties are meeting to install a new government a day after the president and prime minister offered to resign in the most dramatic day of monthslong political turmoil.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
White House responds to Abe shooting death
President Biden released a statement Friday following the shooting death of former Japanese Prime Minister Shinzo Abe. CBS News correspondent Christina Ruffini joined Nancy Chen and Anne-Marie Green to discuss the president's reaction as well as his upcoming remarks and executive orders on abortion rights.
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
Live
Iran touts video of ship seizures as Trump keeps quiet on his next move
Iran releases video showing commandos seizing ships in the Strait of Hormuz as Trump remains largely silent on his next move in the war.
Senate adopts budget resolution in effort to fund ICE
The Senate adopted a budget resolution after a five-hour "vote-a-rama," with the GOP moving forward to fund ICE without Democrats.
Justice Department eases restrictions on some marijuana products
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
DOJ watchdog launches probe into compliance with Epstein files law
The Justice Department's internal watchdog said it will audit the department's compliance with the law that required the release of the Epstein files.
Exclusive
Trump to nominate David Cummins as TSA administrator
President Trump intends to nominate David Cummins to lead the Transportation Security Administration, according to a person familiar with the decision.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Millions under wildfire alerts in central U.S., as warmth, winds fuel risks
A combination of heat, dry air and strong winds are fueling "extreme" wildfire risks for millions across the middle of the country.
Cotton pushes bill to help critical infrastructure defend against drone threat
Cotton says current law leaves U.S. power grids, wastewater plants, and other high-risk sites exposed to emerging drone threats.
Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
U.S.
More U.S.
Hawaii's Kilauea volcano erupts yet again
Hawaii's Kilauea volcano erupted again early Thursday, marking its 45th episode since December 2024.
DOJ watchdog launches probe into compliance with Epstein files law
The Justice Department's internal watchdog said it will audit the department's compliance with the law that required the release of the Epstein files.
Millions under wildfire alerts in central U.S., as warmth, winds fuel risks
A combination of heat, dry air and strong winds are fueling "extreme" wildfire risks for millions across the middle of the country.
Exclusive
Trump to nominate David Cummins as TSA administrator
President Trump intends to nominate David Cummins to lead the Transportation Security Administration, according to a person familiar with the decision.
JetBlue used customers' data to set ticket prices, lawsuit alleges
New lawsuit accuses JetBlue of using consumers' browser activity and other personal data to set airfares.
MoneyWatch
More MoneyWatch
JetBlue used customers' data to set ticket prices, lawsuit alleges
New lawsuit accuses JetBlue of using consumers' browser activity and other personal data to set airfares.
Judge approves $425 million Capital One settlement. Here's what to know.
The settlement stems from claims Capital One paid lower interest on older savings accounts while offering higher rates on a similar product.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Rents around the U.S. are growing more slowly than they have in years
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
Crypto mogul sues Trump family's World Liberty Financial, alleging fraud
Sun alleges that World Liberty Financial froze the digital tokens he had purchased, locking him out of assets worth as much as $1 billion.
Politics
More Politics
DOJ watchdog launches probe into compliance with Epstein files law
The Justice Department's internal watchdog said it will audit the department's compliance with the law that required the release of the Epstein files.
Exclusive
Trump to nominate David Cummins as TSA administrator
President Trump intends to nominate David Cummins to lead the Transportation Security Administration, according to a person familiar with the decision.
Cotton pushes bill to help critical infrastructure defend against drone threat
Cotton says current law leaves U.S. power grids, wastewater plants, and other high-risk sites exposed to emerging drone threats.
Justice Department eases restrictions on some marijuana products
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Senate adopts budget resolution in effort to fund ICE
The Senate adopted a budget resolution after a six-hour "vote-a-rama," with the GOP moving forward to fund ICE without Democrats.
HealthWatch
More HealthWatch
Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
World
More World
Tourists rescued from cliff as huge waves inched closer
A group of seven tourists, including three children, became trapped on a cliff when the tide came in during a morning walk on an Australian beach.
Lebanon accuses Israel of war crime in killing of journalist
A journalists' union said rescuers were prevented from accessing the destroyed building where reporter Amal Khalil was left trapped beneath rubble.
U.S. forces board Iran-linked vessel amid tit-for-tat ship interdictions
U.S. forces have intercepted and boarded another "stateless" vessel linked to Iran, the U.S. military says.
Prince Harry implores U.S. to do more for Ukraine during surprise Kyiv visit
Prince Harry made an unannounced visit to Ukraine on Thursday to show his support for the country.
Ecuador to extradite notorious drug gang leader to U.S.
Dario Penafiel, known as "Topo," allegedly worked closely with one of Ecuador's most powerful drug lords, Adolfo Macias, alias "Fito."
Entertainment
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Entertainment
"Survivor" castaway on elimination from game
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant" explores Roald Dahl scandal
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
DiCaprio speaks at 2016 Paris Agreement signing
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
Vinyl record sales continue resurgence
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Technology
More Technology
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
How AI powered robots are helping small farms
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.
Meta to track workers' computer use to train AI
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
Trump Media replaces CEO Devin Nunes as its losses top $1 billion
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Science
More Science
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Crime
More Crime
Crime
Scammers are using AI to fuel fraud schemes
The Internal Revenue Service is warning about scammers using AI tools to carry out crypto fraud schemes. CBS News' Anna Schecter reports.
Police seek 17-year-old suspect in shooting near University of Iowa
Iowa City police are searching for a 17-year-old suspect charged in connection with a shooting that injured five near the University of Iowa over the weekend.
Ecuador to extradite notorious drug gang leader to U.S.
Dario Penafiel, known as "Topo," allegedly worked closely with one of Ecuador's most powerful drug lords, Adolfo Macias, alias "Fito."
Remains found of 3 Memphis children may have been there for years, police say
Memphis authorities say they are investigating the discovery of remains of three children, believed to be between 3 and 7 years of age, that could have been there for years.
Parents of slain Loyola freshman speak out
The parents of Sheridan Gorman, the Loyola University student who police say was gunned down last month by an undocumented immigrant, spoke out for the first time with CBS News' Matt Gutman.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Senate moving to fund DHS immigration agencies
The Senate adopted a budget resolution to fund Homeland Security immigration agencies early on Thursday morning after a marathon "vote-a-rama." The vote was 50-48 with Republicans Rand Paul and Lisa Murkowski joining all Democrats in opposition. CBS News homeland security correspondent Nicole Sganga has more.
Savannah Bananas headed to the Bronx
The Savannah Bananas are visiting the Bronx as part of their U.S. tour. Founder Jesse Cole joins CBS News with more details.
Details on firing of Navy secretary
John Phelan is out as Navy secretary, the Pentagon announced Wednesday night. CBS News senior White House and Political correspondent Ed O'Keefe has the latest.
Daring rescue after on Australian cliff
Several people were rescued after being trapped on the edge of a cliff in Australia. CBS News' Holly Williams reports.
Senate Republicans make moves to fund DHS
Senate Republicans are moving to fully fund the Department of Homeland Security as the partial government shutdown drags on. CBS News' Caitlin Huey-Burns reports.