33.5 million unemployment claims filed in last 7 weeks
The effects of the coronavirus pandemic continue to ripple through the economy. Mark Strassmann reports.
Economy
U.K. economy forecast to shrink by most since 1706
British economy could suffer its deepest annual contraction in more than three centuries as a result of coronavirus.
Trump decides against phasing out task force
President Trump walked back his comments on phasing out the White House Coronavirus Task Force on Wednesday, stating that the advisory group would remain active but will shift its focus to economic recovery. While medical experts and lawmakers have argued for more testing before the country reopens, Press Secretary Kayleigh McEnany said testing was not necessary for the entire population. Paula Reid reports on the latest pandemic response from the White House.
3.2 million new unemployment claims
The latest report from the Labor Department shows that 3.2 million Americans filed unemployment claims last week. That brings the total up to 33 million left jobless since the coronavirus crisis hit. Brown University economics professor John Frieden joins CBSN to discuss the latest numbers, and the economy tracker he has developed with colleagues from Brown and Harvard.
Rural hospital struggles to stay open
The coronavirus pandemic has led to frightening times for rural hospitals like Rolling Plains Memorial in Sweetwater, Texas, about three hours west of Dallas. Recently, the hospital has lost almost $2 million in revenue. Janet Shamlian reports.
Oil tankers crowd largest U.S. port with nowhere to unload
Off the coast of Southern California, several massive oil tankers have turned the waters surrounding the nation's largest port complex into a floating parking lot.
Christie: Reopen economy since there will be "deaths no matter what"
The former New Jersey governor compared it to the "sacrifice" of Americans dying in the two World Wars.
Berkshire Hathaway loses $50B in first quarter
Warren Buffett announced his conglomerate's quarterly performance at the annual meeting of Berkshire Hathaway shareholders on Saturday. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss the impact.
ICYMI: Top takeaways from this week's "Face the Nation"
This week we sat down with Illinois Governor JB Pritzker, Gilead Sciences CEO Daniel O'Day and FDA Commissioner Dr. Scott Gottlieb for the latest on the battle against COVID-19.
Gilead CEO says remdesivir could reach COVID-19 patients within days
Daniel O'Day said on "Face the Nation" that Gilead has donated its entire supply of remdesivir to be administered to hospitalized COVID-19 patients.
Transcript: Gary Kelly on "Face the Nation"
The following is a transcript of an interview with Southwest Airlines CEO Gary Kelly, that aired Sunday, May 3, 2020, on "Face the Nation."
Transcript: Atlanta Fed chief Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Federal Reserve Bank of Atlanta President and CEO Raphael Bostic that aired Sunday, May 3, 2020, on "Face the Nation."
Stocks rise in April while economy slows
The markets closed lower on the first day of May, but in April stocks rose even while the economy slowed. Yahoo Finance anchor and reporter Akiko Fujita joined CBSN with the latest on the markets.
30 million people have lost their jobs in just 6 weeks
The number of U.S. workers filing for unemployment remains at "unthinkable" levels, experts say.
Another 3.8 million file for unemployment
The latest jobs report shows an additional 3.8 million people filed for unemployment last week, bringing the total to 30.3 million people without jobs. Frances Stacy, Optimal Capital's director of portfolio strategy, joined CBSN to explain what these new numbers mean and if it's too late for the U.S. to make a V-shaped recovery.
How the pandemic is improving air quality
Dramatic reductions in air pollution have been recorded around the world, given the economic shutdown and drastically lower levels of automobile and air traffic resulting from the coronavirus pandemic. “Sunday Morning” producer Sara Kugel reports.
Lebanon protests grow amid pandemic
Demonstrators have taken to the streets in Lebanon as the coronavirus has worsened the economic crisis there. CBS News foreign correspondent Imtiaz Tyab joins CBSN's Reena Ninan with a look at the escalating situation.
Fed chief: Q2 will be "worse than anything we've ever seen"
U.S. central bank chief predicts an unprecedented drop in economy activity for the next few months.
McConnell calls for liability protections in next coronavirus bill
Congressional Democrats and Republicans are beginning to spar over what should be included in the next relief package.
Trump and Fauci at odds on reopening economy
President Trump claimed the U.S. will soon be conducting 5 million coronavirus tests per day, but the current number sits around 200,000 per day. At a White House event for small businesses, Mr. Trump said the worst of the pandemic is behind us. Dr. Anthony Fauci, however, warned that rushing to reopen the country could lead to a rebound. Ben Tracy breaks down the mixed messages coming from the White House.
Future of global economy after COVID-19
Much of the global economy has come to a halt as the coronavirus continues to spread. Peter Engelke, deputy director and senior fellow at the Atlantic Council, joined CBSN to break down possible scenarios the world faces in the years ahead, including China's role on the global stage.
Trump focuses on economy amid pandemic
President Trump is increasingly focusing on the economy as the U.S. surpasses 1 million confirmed coronavirus cases. CBS News chief Washington correspondent Major Garrett joins CBSN to talk about the latest.
Texas to partially reopen Friday despite virus testing concerns
One Texas doctor said forging ahead on the path to opening the economy without focusing on lowering the amount of cases would just lead to more infection.
Millions lose health insurance amid outbreak
The Economic Policy Institute estimates that at least 11 million Americans have lost employer-provided health insurance within the past five weeks. And without health insurance, coronavirus treatment can cost tens of thousands of dollars. Josh Bivens is the director of research at the Economic Policy Institute, and he joined CBSN to discuss.
Consumer confidence plunges to six-year low
Almost half of America's consumers say business conditions are "bad," while one-third say jobs are now hard to find.
Exclusive
Newly obtained footage shows Iran attack on major U.S. post in Kuwait
Isaias becomes first hurricane of 2026 Atlantic season, threatens Gulf Coast
Maduro expected to face new charges of torture of Americans in Venezuelan prisons
Christa Pike has pneumonia, unable to move arms after botched execution
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
