Markets spike before close after tariff pause
Wall Street surged Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for many countries. CBS News' Maurice DuBois anchors a special report.
Economy
Trump speaks after announcing tariff pause
President Trump announced Wednesday he is increasing tariffs on China to 125% while suspending reciprocal tariffs "beyond" 10% on other U.S. trade partners for the next 90 days. Mr. Trump discussed the decision during an event in front of the White House. CBS News' Aaron Navarro, Taurean Small and Kelly O'Grady have more.
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Wildfang CEO Emma McIlroy on Trump's tariffs
Small business leaders are raising red flags over Trump's sweeping tariffs, warning of possible job cuts and rising prices. Wildfang CEO Emma McIlroy shares how her company is preparing.
Concerns over tariff impact on clothing
President Trump's tariffs could drive up the cost of clothing. According to a 2023 estimate, 97% of shoes and clothes sold in the U.S. are imported, creating concern among businesses.
How latest tariffs could impact consumers
CBS News MoneyWatch correspondent Kelly O'Grady and CBS News business analyst Jill Schlesinger join "CBS Mornings" to break down the impact of President Trump's latest round of tariffs that took effect Wednesday – from potential price hikes to the stock market.
China vows to fight Trump's tariff trade war "to the end"
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."
Why the stock market ended the day in the red
Tuesday was another volatile day for the markets as tariff uncertainty gripped Wall Street. President Trump's reciprocal tariffs are set to go into effect Wednesday. CBS News' Kelly O'Grady, Aaron Navarro, Ramy Inocencio and Nikole Killion have all the latest tariff details.
Are trade deficits bad for the U.S. economy?
The Dow, Nasdaq and S&P 500 closed in negative territory Tuesday as investors continue to reel from President Trump's global tariffs. Martin Baccardax, senior editor and chief markets correspondent at TheStreet, joins "America Decides" to examine how the escalating trade war could impact the global economy and whether trade deficits are inherently bad.
Trump aims to increase coal production
President Trump signed an executive order on Tuesday that aims to revitalize a declining coal industry and help the U.S. achieve affordable and reliable energy. CBS News Climate Unit senior coordinating producer Tracy Wholf breaks down the order and its concerns.
Early morning stock rally fizzles out
A stock market rally fizzled by Tuesday's closing bell, with the Dow Jones wiping out a 1,400-point gain and all three major indexes closing in the red ahead of the midnight deadline for President Trump's sweeping tariffs. CBS News' Kelly O'Grady and Jennifer Jacobs have more.
How tariffs could affect grocery prices
Americans' grocery bills could be higher due to President Trump's tariffs. Supermarketguru.com editor Phil Lempert joins CBS News to discuss how tariffs will "change what we buy."
Late-day stock losses amid tariff fallout
Tuesday was another volatile day for the markets as the Trump administration indicated it is taking calls from nearly 70 countries to negotiate on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump tariffs could have "devastating impact," small businesses say
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."
China calls JD Vance "ignorant and impolite" over his "peasants" comments
A spokesperson for China's foreign ministry hit back at Vice President JD Vance after Vance referred multiple times to "Chinese peasants" in a Fox News interview.
Mar 4: CBS News 24/7, 10am ET
China retaliates as Trump tariffs take effect, Beijing adds levies on U.S. foods, blacklists American companies; Mardi Gras 2025 security at historic level following New Year's attack.
Consumer impact amid escalating trade war
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down how China and other countries are responding to President Trump's tariffs and the impact on consumers.
China responds to Trump's new tariff threat
Some world leaders have offered to negotiate tariffs on U.S. products as President Trump's reciprocal tariffs are set to take effect. Meanwhile, China has threatened to take countermeasures if Mr. Trump imposes an additional 50% tariff. The uncertainty has some business owners worried how much prices will rise. CBS News' Weijia Jiang has more.
How tariffs could hinder wildfire recovery
As the Los Angeles area continues to rebuild after January's devastating wildfires, tariffs threaten to hinder the process. Carter Evans reports on how the new duties could slow building and increase the costs.
Toy store owners fear tariffs will lead to closure
The trade war is making business at JaZams toy store anything but fun and games. To get ahead of tariffs, owners Joanne Farrugia and Dean Smith dipped into their cash savings, spending $400,000 to stockpile toys and books. Nancy Chen reports.
Economist explains fallout from Trump's trade war
President Trump vowed there will be no pause to his wave of global tariffs. Despite the negative impact on the markets, and the increasing uncertainty about small and large businesses alike, the president promises his tariff plan will revive America's manufacturing sector. Josh Bivens, chief economist at the Economic Policy Institute, joins to discuss.
The long and short-term impacts from tariffs
What do President Trump's sweeping tariffs mean for the average U.S. household? Ernie Tedeschi, director of economics at Yale University's Budget Lab, joins CBS News to discuss. Then, Kate Gulliver, chief financial officer at Wayfair, joins to explain what customers can expect moving forward.
Stocks end volatile day amid uncertainty
Monday was a rollercoaster day for the markets as investors looked to make sense of President Trump's tariff policies. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Some billionaires turn on Trump after tariffs
Some influential business leaders who supported President Trump's return to the White House are expressing buyer's remorse as the fallout from Mr. Trump's sweeping tariffs continues. Julia Manchester, national political reporter for The Hill, and Dave Weigel, political reporter for Semafor, join "America Decides" to discuss.
Economist argues against Trump tariffs
President Trump threatened to impose additional tariffs on China even as markets saw another turbulent day of trading on Monday. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins "America Decides" to share his perspective.
Live
Iran's top diplomat and Trump cast doubt on any hope for a peace deal
Iran's foreign minister says Tehran is interested only in a deal to fully end the war, not a ceasefire, after Trump says there's currently no dialogue at all.
Sen. Dan Sullivan, Mary Peltola advance in Alaska Senate primary
In Alaska, the top four vote getters in the primary advance to the general election.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
U.S., South Korea cut short their joint military drills, at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
Ukraine's fired defense minister calls for elections despite war with Russia
The former defense minister, whose firing sparked weeks of protests, said Ukraine needed to find a way to hold elections despite the prolonged war with Russia.
Who is Natalie Harp? Trump's loyal assistant suddenly in the spotlight
The 35-year-old executive assistant to the president is a quiet but loyal force at President Trump's side.
Exclusive
U.S. deporting Mexican migrants to Guatemala and Honduras, angering Mexico
The Trump administration has been quietly deporting migrants from Mexico to Central America, despite the Mexican government's willingness to accept the return of all its citizens.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
U.S.
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Harvard to pay $53 million after morgue manager sold body parts
Harvard University has agreed to pay $53 million to resolve lawsuits by families alleging it mishandled the bodies of loved ones donated to its medical school.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
Byron Donalds, David Jolly to face off in Florida governor's race
Rep. Byron Donalds won the Republican primary for governor and former Rep. David Jolly won the Democratic primary, The Associated Press projects.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
Investigation
Beagles bred for research get new life amid questions over federal oversight
The USDA's own inspector general has repeatedly raised concerns about federal oversight of dog breeders.
MoneyWatch
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Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
State Farm is sending refund checks to customers. Here's who qualifies.
More than 7.2 million checks have been mailed so far, with millions more expected to go out this week, according to State Farm.
DEI policies brought no financial penalty to firms, study finds
Companies that stood by their diversity efforts faced no detectable impact from investors or shoppers, researchers found.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
Outshine Fruit Bars recalled over possible glass, parent Dreyer's says
Five flavors of Outshine Fruit Bars sold nationwide were recalled because they may include glass, Dreyer's Grand Ice Cream said.
Politics
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Sen. Dan Sullivan, Mary Peltola advance in Alaska Senate primary
In Alaska, the top four vote getters in the primary advance to the general election.
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S., South Korea cut short their joint military drills at Trump's direction
President Trump ordered the exercises be scaled back, citing what he said was a good relationship with North Korean leader Kim Jong Un and South Korea's refusal to join the U.S. war against Iran.
Scandal-ridden Cory Mills ousted in GOP primary in Florida's 7th District
The Trump-backed incumbent has struggled to raise money for his reelection bid as the House Ethics Committee investigates numerous allegations against him.
Florida Senate race set between Ashley Moody and Angie Nixon
GOP Sen. Ashley Moody and Democratic State Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, the Associated Press projects.
HealthWatch
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HealthWatch
Moving Through Grief
August is National Grief Awareness Month, and Kate Doerge wants to reimagine how we deal with grief. After the experience of losing her 16-year-old daughter, Kate decided it was time to reframe the feeling of sadness. We've all heard of the five stages of grief, but Kate suggests there are five actions to help you learn how to carry your grief. Plus, Norah talks about how she wants to be remembered, and Kate tells us how to show up for people who are grieving.
Ebola Congo cases surpass 5,000 as record-setting pace of spread continues
The Ebola outbreak in Congo has passed 5,000 cases, government data showed, an unprecedented rate of spread that's outpacing efforts to slow it in one of the country's remotest regions.
From 2024: Tommy John on Tommy John surgery, before and after
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
School vaccination rates inch down again to record low
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
RFK Jr.'s hunt for autism culprits stalls amid Trump's baseless vaccine order
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
World
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Australian woman appeals murder convictions in poison mushroom case
Triple-murderer Erin Patterson appeals convictions for poisoning four of her estranged husband's relatives with death cap mushrooms.
Skeletal remains believed to be ritual offering unearthed in Peru
The body was buried inside a canal, resting on its left flank, with the skull facing the pyramid and the Pacific Ocean, archaeologists said.
Ebola Congo cases surpass 5,000 as record-setting pace of spread continues
The Ebola outbreak in Congo has passed 5,000 cases, government data showed, an unprecedented rate of spread that's outpacing efforts to slow it in one of the country's remotest regions.
Ukraine's fired defense minister calls for elections despite war with Russia
The former defense minister, whose firing sparked weeks of protests, said Ukraine needed to find a way to hold elections despite the prolonged war with Russia.
Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
Entertainment
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Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Nominees revealed for some VMA categories
"CBS Mornings" revealed the nominees for three categories at this year's VMAs, including artist of the year.
Top upcoming book to movie adaptations
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to discuss some of her favorite books coming to the big screen this year.
Technology
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Technology
OpenAI debuts ChatGPT for teens
OpenAI has launched a chatbot marketed for teens that the company says will provide stronger protections as concerns over AI safety increase. Axios Chief Technology Correspondent Ina Fried joins "The Takeout" to discuss.
Meta's federal trial begins over child social media addiction claims
The lawsuit accuses the social media giant of contributing to the youth mental health crisis by deliberately designing features that addict children to its platforms.
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.
Data centers, AI become midterm flashpoint
Artificial intelligence and the data centers powering the technology have become a flashpoint ahead of the 2026 midterm elections. Shira Ovide, a technology reporter for The Wall Street Journal, has more.
Discord suspends livestreams in Brazil amid backlash over girl's suicide
Popular American chat app Discord says it suspended livestreams in line with a Brazilian government order, amid fierce criticism over a 13-year-old girl's death.
Science
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A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
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Crime
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.
Clancy's former mother-in-law testifies
Lindsay Clancy's former mother-in-law, Susan Clancy, took the stand Tuesday to offer testimony as Lindsay Clancy stands on trial for the killings of her three children. CBS News' Shanelle Kaul has more.
Philadephia police hunting man in Chucky mask
Philadelphia police are searching for a man in a horror mask resembling Chucky the doll who has been terrorizing locals. Lilia Luciano has more.
Man on trial for suspected murder for hire
The alleged killer in the case of Jared Bridegan, a former Microsoft manager who prosecutors say was the victim of a murder for hire arranged by his ex-wife and her husband, is now on trial. Jason Allen has more.
Massive campus cocaine dealer arrested
A 24-year-old at Penn State University, described as the largest cocaine dealer on campus, has been arrested and charged. Meg Oliver has more.
Space
More Space
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Moving Through Grief
August is National Grief Awareness Month, and Kate Doerge wants to reimagine how we deal with grief. After the experience of losing her 16-year-old daughter, Kate decided it was time to reframe the feeling of sadness. We've all heard of the five stages of grief, but Kate suggests there are five actions to help you learn how to carry your grief. Plus, Norah talks about how she wants to be remembered, and Kate tells us how to show up for people who are grieving.
Watch: Lawyer hits car outside courthouse
A lawyer attracted unwanted attention outside Boston Federal Court following Lawrence, Massachusetts, Mayor Brian DePeña's arraignment last Friday. The mayor's attorney rear-ended a parked vehicle while attempting to leave the area and remarked that he would bring bodyguards with him next time. Prosecutors allege DePeña improperly used more than $1.5 million in COVID small-business loans.
Crime in D.C. down to lowest level since 2010
A CBS News analysis finds crime in Washington, D.C., dropped to its lowest level since at least 2010 in the 12 months after President Trump declared a federal emergency and deployed the National Guard into the city. CBS News' Anna Schecter has more.
Oil prices rise as Iran war continues
Oil prices on Tuesday reached their highest level since July as the war in Iran drags on without an end in site. CBS News national security analyst Aaron MacLean has more.
DOJ sending 1,000 monitors to midterm polls
The head of the Justice Department's Civil Rights Division announced Monday that she's planning to deploy 1,000 federal monitors to polling places throughout the U.S. for the midterm elections. Jen Fifield, reporter for ProPublica, joins CBS News to discuss.