Transcript: Gary Cohn on "Face the Nation"
The following is a transcript of an interview with former National Economic Council Director Gary Cohn that aired Sunday, May 17, 2020, on "Face the Nation."
Economy
Fed chair on when the economy could recover
"This economy will recover. It may take a while," Federal Reserve Chairman Jerome Powell told Scott Pelley in an interview airing on "60 Minutes."
Transcript: Nancy Pelosi on "Face the Nation"
The following is a transcript of an interview with House Speaker Nancy Pelosi that aired Sunday, May 17, 2020, on "Face the Nation."
States under pressure to reopen amid economic turmoil
CBS News' Mark Strassmann reports from Atlanta on a growing number of states deciding to slowly reopen.
Retail sales plummet as states look to reopen
Dismal retail sales numbers and roughly 11.4 million layoffs are pressuring local governments to reopen, whether public health officials recommend it or not. Industry watchers are hoping for a resurgence as retailers in two-thirds of U.S. states reopen for business, with social distancing guidelines in place. Michael George takes a look at how businesses in these states are trying to get up and running again.
Looking at Trump's year with 20/20 hindsight
President Donald Trump finished 2019 as only the third president in history to be impeached. CBS News White House correspondent Ben Tracy looks back on a rocky year, recapping failures and successes - and looks ahead to what this election year may hold.
What does wealth inequality look like?
The growing gap between rich and poor Americans is one of the U.S.’s biggest challenges, with the top 1% controlling more wealth now than at any time in the last 50 years. A recent survey found that over half the country thinks it’s a problem, though most people might not know exactly what wealth inequality looks like. Tony Dokoupil speaks to Americans to see if they know what their “share of the pie” looks like.
House passes $3 trillion COVID-19 relief bill
The measure is unlikely to gain any traction in the GOP-controlled Senate.
Highlights from State of the Union address
President Trump touted the economy in his State of the Union address Tuesday night, while steering clear of mentioning his impeachment. At the end, House Speaker Nancy Pelosi ripped up her copy of the speech, calling it a "manifesto of mistruths." CBS News White House correspondent Weijia Jiang reports on the speech, and CBSN political contributor and Democratic strategist Joel Payne joined CBSN AM with reaction.
Trump: "Vaccine or no vaccine, we're back"
President Trump says "vaccine or no vaccine", the country will move forward with plans to reopen. More than two thirds of the states have now relaxed restrictions. Paula Reid reports.
Hundreds of Americans released from quarantine
Hundreds of American evacuees from China boarded buses on military bases in both Northern and Southern California after an exhausting two weeks in federal quarantine. Meanwhile, more cases were reported today as the infection count tops 73,000 worldwide with more than 2,000 deaths. Carter Evans reports.
Fed Chair Jerome Powell speaks to 60 Minutes
See the interview, Sunday at 7 p.m. ET/PT on CBS
Coronavirus could lead to drug shortages in U.S.
The coronavirus is threatening the U.S. medical supply chain as it shuts down factories in China, where many of the core components of drugs sold in the U.S. are made.
Working class family homeless after job loss
A California couple who lost their jobs two years ago have found themselves living in a motel with their two children for a year as they struggle to recover their financial situation like hundreds of families all over the state. More than 17,000 children are estimated to be homeless in just the Los Angeles Unified School District alone. Maria Elena Salinas speaks to the family as part of CBS News' Eye on America series exploring the country's ongoing homeless crisis.
Ross Douthat on "The Decadent Society"
Our world, and especially our technology, are evolving at warp speed. But what if all of that progress was actually be holding us back? That's the argument New York Times columnist and author Ross Douthat makes in his new book, "The Decadent Society: How We Became The Victims of Our Own Success." He joined CBSN's Vladimir Duthiers to discuss what decadence means for society, our families and the future.
Expert explains markets' coronavirus dip
Panic over a coronavirus outbreak could send the stock market into its worst week since the 2008 financial crisis. The Dow Jones industrial average saw its worst one-day point drop in history on Thursday as it lost an entire year’s worth of gains over the course of a week. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss the likely economic fallout.
Job market takes center stage in S.C. primary
South Carolina is attracting interest from companies around the world for its booming economy, and the Palmetto State boasts one of the lowest unemployment rates in the country at 2.3%. CBS News correspondent Nikole Killion joined CBSN with more on how the job market will factor in the Democratic primary.
Keeping kids safe as states reopen
At least 19 states and Washington, D.C. are reporting cases of a mysterious illness appearing in children that is potentially linked to the coronavirus. This raises major concerns as the U.S. starts to reopen and President Trump pushes to open schools. CBS News senior medical correspondent Dr. Tara Narula joins “CBS This Morning” to answer viewer questions about how to keep children safe.
Coronavirus' impact on the U.S. economy
Coronavirus quarantines in China have had a significant impact on the global economy. In Los Angeles, where 40% of all shipped imports enter the country at the U.S.' largest port, traffic is slowing down and affecting job earnings as factory shutdowns are taking a toll on the supply chain. Everything from the automotive industry to the toy industry are taking a hit. Jill Schlesinger joins "CBS This Morning" to explain how U.S. consumers could feel the economic impact of the coronavirus.
Coronavirus economic impact
New jobs numbers released Friday show a decrease in the unemployment rate before the spread of coronavirus. Yahoo Finance reporter Akiko Fujita spoke to CBSN's Reena Ninan about the broader economic impact of the spreading disease.
Face The Nation: Surgeon General Jerome Adams, Dr. Scott Gottlieb, Amy Walter, Dan Balz, Joel Payne, Leslie Sanchez
Missed the second half of the show? The latest on the coronavirus outbreak and the 2020 presidential race.
Coronavirus causes crisis for travel industry
As coronavirus fears grow worldwide, the travel industry is suffering the hardest economic hit since the September 11th terrorist attacks. Washington Post economics correspondent Heather Long joins CBSN to discuss the response.
Markets see historic losses over coronavirus
The Dow Jones industrial average saw its biggest one-day drop in history over stock markets’ coronavirus panic, though investor optimism due to the Trump administration’s economic proposals helped lift world markets overnight. Nikki Battiste is at the New York Stock Exchange to report on whether the optimism is still helping numbers recover.
Coronavirus outbreak hurts Chinese restaurants
Chinese restaurant owners across the U.S. say the coronavirus outbreak has been hurting their businesses. Slate staff writer Aaron Mak joins CBSN AM to talk about his recent piece in which he spoke with a California business owner who says he's taken a 50% hit.
Economist: Coronavirus recession "likely"
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
Exclusive
Newly obtained footage shows Iran attack on major U.S. post in Kuwait
Maduro expected to face new charges of torture of Americans in Venezuelan prisons
Christa Pike has pneumonia, unable to move arms after botched execution
Tropical Storm Isaias forms in Gulf, could reach U.S. as hurricane this weekend
Live
Vance appears to soften U.S. demands on Iranian nuclear enrichment
Investigation
Congress tried to stop surprise medical bills. It created another problem.
Trump pitches Trump International Golf Course for site of "presidential retreat"
Alleged Chinese agent to remain in custody, judge rules, amid flight-risk fears
