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.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
CBS News poll finds Democrats maintain House advantage amid concern about prices
Tennessee prison system head to resign after failed Christa Pike execution
Hero passenger on FlyDubai flight: "We are going to survive"
Debris found of medical plane that went missing near Nantucket with 6 on board
Supreme Court gears up for new term with major cases on climate change, guns
U.S. Marine arrested, accused of killing Japanese woman in Okinawa
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Senior Trump administration officials met to discuss Iran war at Camp David
