House passes $3 trillion COVID-19 relief bill
The measure is unlikely to gain any traction in the GOP-controlled Senate.
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The measure is unlikely to gain any traction in the GOP-controlled Senate.
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.
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 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.
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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.
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.
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.
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.
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.
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 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.
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.
Missed the second half of the show? The latest on the coronavirus outbreak and the 2020 presidential race.
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.
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.
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.
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."
The Centers for Disease Control and Prevention has advised schools to close for at least eight weeks to contain the virus. Some big businesses are also following suit. Danya Bacchus reports.
IRS says it has sent about 130 million payments. Here's why you may still be waiting for your money.
Wall Street is hoping to rebound Tuesday after Monday's historic losses, but traders still worry about the long-term impact of the outbreak. Some finance experts are fearing the coronavirus pandemic could lead to a recession. CBS News Business Analyst Jill Schlesinger joins "CBS This Morning" to explain where the U.S. economy stands, and who could be impacted the hardest.
Coronavirus fears led to another terrible day for stocks Monday, amid growing concerns the world may be headed into a new recession. Consumer spending makes up 68% of the U.S. economy. CBS News Business Analyst Jill Schlesinger joins "CBS This Morning" with some tips on how everyday people can cope with the financial uncertainty.
Congress is considering the biggest bailout in U.S. history to rescue the economy from the effects of the coronavirus pandemic. The trillion-dollar stimulus package could put money back in the pockets of Americans while a new poll shows that nearly one in five households have lost work because of the pandemic. Nancy Cordes breaks down how the economic package could affect everyday people.
Stock markets are down again Wednesday morning as fears about the coronavirus have led to investor uncertainty. Melissa Armo, CEO and founder of The Stock Swoosh, joins CBSN to talk about what's been happening.
The New York Stock Exchange will temporarily close its famous trading floor on Monday after two people tested positive for the coronavirus. Trading is set to resume electronically. On Wednesday, the Dow closed below 20,000, erasing nearly all its gains since President Trump took office. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to react to the extreme economic uncertainty.