Fed cuts interest rates to near zero to fight coronavirus impact
"The Fed has to bring the big guns," one analyst said of the central bank's efforts to rescue a slowing U.S. economy.
Economy
NBA shutdown will hit low-wage workers first
With the league on hiatus, arena employees and local businesses may have the most to lose.
What Washington is proposing to curb economic impacts of coronavirus
The Trump administration and Congress have been working on a bill to address the detrimental economic impacts of the outbreak.
As workers stay home, small businesses must adapt
Big companies and local governments try grants and tax deferrals to help small players survive coronavirus slowdown.
Payroll tax cut and April 15 extension would mostly help the rich
The White House is pushing for tax relief to counter an economic slowdown. That won't work, experts warn.
Employers announce hiring freezes and layoffs as virus spreads
Job growth has been a key driver of U.S. economic growth — now experts fear the coronavirus will dampen hiring.
As recession threatens, economists say: Just give cash
Main Street, not Wall Street, would be the most efficient target of any federal bailouts, many economists say.
Coronavirus could cost airlines more than $100 billion
"We could discount prices tomorrow and it wouldn't do any good," said one airline executive as travel demand wanes.
With mortgage rates dipping, many are refinancing their homes
Many homeowners are capitalizing on the lowest borrowing costs in years to save money on their mortgages.
U.S. and other large economies pledge cooperation to deal with coronavirus
G-7 industrial countries vow to use "all appropriate tools" to cope with economic fallout, but don't offer specifics.
Stocks jump as Wall Street looks to Fed to offset outbreak
The Dow jumped on Monday after central bankers vowed to provide support if the coronavirus outbreak hits the economy.
Dow plunges another 1,000 points on coronavirus fears
The blue-chip stock index and S&P 500 both slide into "correction" territory as investors sweat over pandemic risks.
You must now work longer to afford a middle-class life
Americans "are not crazy" for feeling like they have to work harder to just to afford the basics. one expert says.
An estimated 17K children are homeless in Los Angeles school district
When asked what she would want people to know about situations like hers, Kristin Eddings – who said she came from a middle class family – warned that "it can happen to anyone."
Stocks mostly dip despite Trump downplaying coronavirus fears
Investors have lost more than $2 trillion in recent days as analysts try to gauge the disease's economic impact.
Hong Kong is handing out $1,200 in cash to 7 million people
The big giveaway is an effort to boost the territory's damaged economy after months of political unrest.
Buffett sees economy slowing as coronavirus spreads
"This is scary stuff," investor said Monday as stocks fell, but "I don't think it should affect what you do in stocks."
Coronavirus economic hit could exceed $1 trillion
Companies from Apple to Puma say outbreak is hurting sales, but economists warn the toll could be much steeper.
Behind the meteoric rise of beer and cocktail prices
Bar owners have admitted to routinely marking up alcohol prices by 300 to 400%, meaning a $10 drink could have originally cost $2.50 or less.
America's job problem: Employers are hiring, but pay is low
"There is fundamentally a feeling on the part of the average guy that he is being left behind," one expert thinks.
Federal Reserve: Coronavirus could sicken global economy
Central bank warns of economic fallout from epidemic, but says U.S. remains on track for solid growth.
"Blue collar boom"? Not quite, Mr. President
Wages are finally rising for workers, but the the top 1% are still benefiting the most — not quite a "blue collar boom."
How has the stock market done under President Trump?
President Trump likes to say how much stocks have risen on his watch. Among the past four presidents, he ranks third.
Most feel good about the economy but not the state of the country — poll
Trump gets his highest ratings on the economy.
U.S. economic growth flat in final three months of 2019
Commerce Department says the nation's GDP for the full year was 2.3%, down from 2.9% in 2018.
Live
Iran targets tanker in Strait of Hormuz as U.S. begins effort to guide ships
The U.S. military says two commercial ships transited the Strait of Hormuz under Project Freedom, but the UAE says one of its vessels came under attack.
Why some white nationalists are showing up at areas hit by natural disasters
After natural disasters, white nationalists, militias, and conspiracists often arrive, offering help. But they also want to recruit and improve their image.
Rudy Giuliani hospitalized in critical condition, spokesperson says
There was no immediate reason given for the 81-year-old's hospitalization.
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.
Exclusive
Elizabeth Smart says she feels liberated after body building competitions
Elizabeth Smart, who survived abduction and sexual abuse as a teenager and went on to become a child safety advocate, recently revealed a pivot into body building.
Shooting at lake near Oklahoma City leaves at least 13 injured
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Former guerrillas learn about birding in Colombia
Years after he was kidnapped by guerrillas in Colombia, a bird expert decided to introduce his former captors to birding, thinking they might make good guides.
United flight landing at Newark strikes light pole, truck on N.J. Turnpike
An investigation is underway after a United Airlines plane struck a light pole and truck on the New Jersey Turnpike as it was coming in for a landing at Newark Liberty Airport on Sunday afternoon, officials said.
U.S.
More U.S.
Exclusive
Elizabeth Smart says she feels liberated after body building competitions
Elizabeth Smart, who survived abduction and sexual abuse as a teenager and went on to become a child safety advocate, recently revealed a pivot into body building.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Full transcript of "Face the Nation with Margaret Brennan," May 3, 2026
On this "Face the Nation with Margaret Brennan" broadcast, White House Economic Council Director Kevin Hassett and Sen. Raphael Warnock join Margaret Brennan.
9 tribes sue to stop exploratory drilling in Black Hills near sacred site
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
Shooting at lake near Oklahoma City leaves at least 13 injured
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
MoneyWatch
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GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
9 tribes sue to stop exploratory drilling in Black Hills near sacred site
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
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.
Politics
More Politics
Full transcript of "Face the Nation with Margaret Brennan," May 3, 2026
On this "Face the Nation with Margaret Brennan" broadcast, White House Economic Council Director Kevin Hassett and Sen. Raphael Warnock join Margaret Brennan.
9 tribes sue to stop exploratory drilling in Black Hills near sacred site
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
Man arrested at Trump Miami golf club for disturbance, Secret Service says
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Rudy Giuliani hospitalized in critical condition, spokesperson says
There was no immediate reason given for the 81-year-old's hospitalization.
Rep. Jason Crow says U.S. is "not good at having off ramps" in Middle East
Democratic Rep. Jason Crow of Colorado said on Sunday that the U.S should be considering a broader question of strategy in the war with Iran.
HealthWatch
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Apparent hantavirus outbreak kills 3 on cruise ship, sickens at least 3 more
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
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.
World
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Record cocaine haul seized in Atlantic by Spanish police, union says
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
Iran hangs 3 people over involvement in anti-government protests
Arrests and executions in Iran have been on the rise since the start of the regional war triggered by a U.S.-Israeli attack on Feb. 28.
Live
Iran targets tanker in Strait of Hormuz as U.S. begins effort to guide ships
The U.S. military says two commercial ships transited the Strait of Hormuz under Project Freedom, but the UAE says one of its vessels came under attack.
Apparent hantavirus outbreak kills 3 on cruise ship, sickens at least 3 more
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
Ukraine hits Russian oil assets, including "shadow fleet" tankers
Ukraine has launched a wave of strikes against Russia's oil export infrastructure, including tankers in its "shadow fleet."
Entertainment
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Entertainment
Behind the scenes of the Met Gala
The Met Gala is fashion's biggest night, bringing Hollywood's biggest stars on Monday to NYC's Metropolitan Museum of Art. This year's celebrity co-hosts include Beyoncé, Nicole Kidman and Venus Williams. Adriana Diaz reports.
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.
Technology
More Technology
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Almanac: May 3
"Sunday Morning" looks back at historical events on this date.
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.
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.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
Science
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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
Record cocaine haul seized in Atlantic by Spanish police, union says
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
Claims on shot that hit Secret Service agent
U.S. Attorney for the District of Columbia Jeanine Pirro is claiming that Cole Allen, the suspect linked to a shooting at the White House Correspondents' Dinner, fired a shot that hit a Secret Service agent's vest. CBS News' Katrina Kaufman has more.
Shooting at lake near Oklahoma City leaves at least 13 injured
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
Man arrested at Trump Miami golf club for disturbance, Secret Service says
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Press gala shooting suspect moved off suicide watch, records show
In a motion requesting Allen's removal from suicide watch, his lawyers said that the restrictions amount to "violations of his rights under the Due Process Clause."
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
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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
Maria Semple reads "Go Gentle" excerpt
Oprah Winfrey selected "Go Gentle" by New York Times best-selling author Maria Semple, known for "Where'd You Go, Bernadette," as her latest book club pick. Watch the author, Maria Semple, read an excerpt from her novel that Oprah calls "one wild ride of a story that carries equal parts wit and wisdom.
2 U.S. soldiers missing in Morocco
A search is underway after two U.S. soldiers went missing during a training mission in Morocco. CBS News' Chris Livesay reports.
Americans react after Spirit Airlines shuts down
Spirit Airlines shut down on Saturday amid debt struggles. CBS News' Kris Van Cleave breaks down the effects.
Trump administration struggles on gas prices
The White House has not said definitively when gas prices are expected to drop. CBS News' Ed O'Keefe has the latest.
How to deal with itchy eyes due to allergies
One in four adults in the U.S. suffers from seasonal allergies, which can cause red, watery and itchy eyes. Immunologist Dr. Tania Elliott explains how to get relief.