U.S. lost record 20.5 million jobs in April
The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression.
Economy
COVID-19’s impact on unemployment
On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late.
Millions struggle to file for unemployment
Millions of people who are out of work right now are self-employed or run small businesses and normally wouldn't qualify for unemployment. But in many states, they're now eligible for help under the Pandemic Unemployment Assistance program.
Pandemic pushing millions back into poverty
Over the past few decades, millions of people worldwide pulled their way out of poverty — but now, the coronavirus pandemic is pulling them back. New York Times South Asia correspondent Maria Abi-Habib spoke to CBSN's Reena Ninan about the stunning reversal in fortune for people around the world.
Nordstrom and Neiman Marcus struggle
Nordstrom says it will close 16 stores nationwide and Neiman Marcus filed for Chapter 11 bankruptcy protection on Thursday amid the COVID-19 outbreak. CBSN's Reena Ninan reports.
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.
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.
2 U.S. service members missing amid training exercise in Morocco
The service members were participating in African Lion, the largest joint military exercise on the continent.
Live
Trump reviewing Iran peace proposal as congressional deadline passes
President Trump told reporters Saturday he is reviewing a new 14-point peace proposal that was submitted by Iran.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Video shows man's rescue after falling under bridge in Washington state
Dramatic video shows a man's rescue from beneath the High Steel Bridge in Washington state.
Austrian police arrest suspect in connection to rat poison in baby food jars
The Burgenland State Criminal Police Office said the suspect was being questioned, and that no further details would be immediately provided.
Golden Tempo wins 152nd Kentucky Derby, making history for its trainer
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Drugmaker asks Supreme Court to halt ruling blocking online access to mifepristone
A maker of the widely used abortion pill mifepristone asked the Supreme Court on Saturday to block an appellate court ruling that cut off mail-order access to the drug just a day earlier.
Vehicle carrying explosives crashes into Portland athletic club, driver dead
A vehicle carrying explosives crashed through the front entrance of an athletic club in downtown Portland, Oregon. The driver was killed.
Shakira draws 2 million spectators in free concert on Copacabana Beach
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
U.S.
More U.S.
Sen. Raphael Warnock: Supreme Court "poured fuel on this redistricting arms race"
Democratic Sen. Raphael Warnock of Georgia called the Supreme Court's decision last week to strike down Louisiana's congressional map and weaken the Voting Rights Act "a massive and devastating blow."
Video shows man's rescue after falling under bridge in Washington state
Dramatic video shows a man's rescue from beneath the High Steel Bridge in Washington state.
David Sedaris on dogs and the people who obsess over them
Reflecting on a canine encounter in a New York City dog park, the humorist has thoughts about the friends of Man's best friend.
Tom Coyne on becoming an "accidental" golf course owner
When the Golfer's Journal editor visited a nine-hole course in New York's Catskills that had seen better days and was up for sale, he took on a new challenge: running the course for a year to see if he could turn it around.
Hunting for the Holy Grail of PEZ dispensers
Invented in Austria in 1927, PEZ candies were not a hit in the United States, until cartoon characters were added to the dispenser. Today, PEZ makes five billion candies a year, and its dispensers have become collectors' items.
MoneyWatch
More MoneyWatch
Overtourism: Too much of a good thing?
"Sunday Morning" looks at the impacts that increasing numbers of tourists, spurred in large part by social media, are having in some of the world's most popular and fragile destinations.
Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Pickleball Inc. $225 million deal creates new home for sport
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
Exclusive
Ford CEO says company is focusing on making vehicles more affordable
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
Politics
More Politics
Sen. Raphael Warnock: Supreme Court "poured fuel on this redistricting arms race"
Democratic Sen. Raphael Warnock of Georgia called the Supreme Court's decision last week to strike down Louisiana's congressional map and weaken the Voting Rights Act "a massive and devastating blow."
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Rep. Jason Crow on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Rep. Jason Crow, Democrat of Colorado, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Minneapolis Fed president and CEO Neel Kashkari on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Minneapolis Fed president and CEO Neel Kashkari that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Sen. Raphael Warnock on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Sen. Raphael Warnock, Democrat of Georgia, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
HealthWatch
More HealthWatch
HealthWatch
5/3: Sunday Morning
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
A tool to help keep dementia in check
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia. National Public Radio correspondent Allison Aubrey talks with neurologist Dr. Jonathan Rosand about how making changes to your daily habits might just be the prescription needed.
A tool to help keep dementia in check
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
Horsepower: How horses are therapeutic
Horses can form powerful bonds with people owing to their ability to sense and feel human emotions. Endeavor Therapeutic Horsemanship, in Bedford Corners, N.Y., has programs that help people with disabilities, veterans with PTSD, and the incarcerated through interactions with their horses. "60 Minutes" correspondent Lesley Stahl reports.
Football practice was leaving a teen fatigued. A rare cancer was to blame.
Cameron Rider's fatigue, body aches and fever were diagnosed as pneumonia, but he couldn't seem to get better.
World
More World
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Rep. Jason Crow on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Rep. Jason Crow, Democrat of Colorado, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Minneapolis Fed president and CEO Neel Kashkari on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Minneapolis Fed president and CEO Neel Kashkari that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Sen. Raphael Warnock on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Sen. Raphael Warnock, Democrat of Georgia, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Overtourism: Too much of a good thing?
"Sunday Morning" looks at the impacts that increasing numbers of tourists, spurred in large part by social media, are having in some of the world's most popular and fragile destinations.
Entertainment
More Entertainment
Entertainment
5/3: Sunday Morning
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
Sting embarks on "The Last Ship"
The English city of Newcastle was hometown of the rock musician Sting, who as a young man witnessed the city's shipbuilding business dry up. He's paid homage to his town's heritage by writing and starring in a musical, "The Last Ship."
Extended interview: Sting
In this web exclusive, the rock musician Sting talks with Mark Phillips about his stage musical, "The Last Ship," in which he stars, and which is being performed on a global tour. He calls the show an elegy for what Newcastle and its people represented to him growing up. He also discusses why, for him, uncertainty is a key component of art; why performing "Roxanne" today is never tiresome; and why, for him, music is a church.
Sting embarks on "The Last Ship"
For centuries the English city of Newcastle was a hard-scrabble industrial powerhouse that built ships. It was also the hometown of the rock musician Sting, who as a young man witnessed the city's shipbuilding business dry up. He's paid homage to his town's heritage by writing and starring in a musical, "The Last Ship," which he's now taking on an international tour. He talks with Mark Phillips about his long career, and why he can't stop working.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including songwriter David Allan Coe, famous for his country hit "Take This Job and Shove It."
Technology
More Technology
Technology
Almanac: May 3
"Sunday Morning" looks back at historical events on this date.
Reducing data center impact on U.S. power grid
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins 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.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
Elon Musk concludes testimony in OpenAI trial
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Science
More Science
Science
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
Crime
More Crime
Stalked woman shot at 14 times by ex-boyfriend during horrific 911 call
Gloria Choi and her friends called Lakewood, Washington, 911 four times in 48 hours to report her being stalked by an ex-boyfriend. Two days later, he ran her off the road and riddled her truck with bullets as she was on the line with a 911 dispatcher.
New video of correspondents' dinner suspect
New video shows the alleged White House Correspondents' Dinner shooter breaching event security after roaming the hotel hallways prior to the dinner.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
3 months since Nancy Guthrie's disappearance
Friday marked exactly three months since Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing. Briana Whitney, a breaking news reporter for the Crime Junkie podcast, joins "The Daily Report" with more.
WHCA scholarship recipients on shooting
For more than 100 years, the White House Correspondents' Dinner has celebrated the First Amendment and freedom of the press. The annual event is also a fundraiser for journalism scholarships. This year, the White House Correspondents' Association awarded $156,000 in grants to 30 college students. Two recipients, Kaitlin Bender-Thomas and Madison Maynard, join "The Daily Report" to discuss the shooting.
Space
More Space
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
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
5/3: Sunday Morning
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
Face the Nation: Wirth, Crow, Warnock
Missed the second half of the show? Chevron CEO Mike Wirth, Rep. Jason Crow and Sen. Raphael Warnock join.
Crow: U.S. "not good at having off ramps"
Democratic Rep. Jason Crow of Colorado, who is on the House Armed Services Committee, told "Face the Nation with Margaret Brennan" that the Iran war is the latest example of how the U.S. is "not good at having off ramps and accomplishing large strategic decisions in the Middle East."
Minneapolis Fed president on interest rates
Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East."
Warnock on Louisiana v. Callais decision
Sen. Raphael Warnock told "Face the Nation with Margaret Brennan" that the Supreme Court decision narrowing a section of the Voting Rights Act has "poured fuel on this redistricting arms race" as states have raced to undergo gerrymandering ahead of the 2026 midterm elections.