5 ways Trump's presidency could affect the economy — and your money
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
Economy
Fed considers possible rate cut
As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on the economy and what it means for consumers.
Democratic strategist on economic messaging
A CBS News exit poll found that 45% of voters felt that their financial situation was worse than it was four years ago. Hyma Moore, the former director for the office of Democratic National Committee Chair Jaime Harrison, discusses the Democratic Party's economic strategy and why it did not play out for Vice President Kamala Harris' campaign.
What caused Georgia to flip back for Trump
President-elect Donald Trump flipped Georgia, winning the battleground state in 2024 after President Biden won it in 2020. CBS News congressional correspondent Nikole Killion breaks down the factors contributing to the state's red support.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Trump's win could lead companies to push up prices. Here's why.
President-elect Donald Trump's vow to raise tariffs could have Americans paying more for goods, from toys to auto parts, experts say.
stocks surge after Trump wins election
The stock market reacted favorably to news of former President Donald Trump winning the 2024 presidential election. CBS News MoneyWatch correspondent Kelly O'Grady breaks down how the U.S. economy is at the core of the election results.
Markets react to Trump's win
The markets are reacting to former President Donald Trump's presidential election win after his 2024 race against Vice President Kamala Harris. CBS News business analyst Jill Schlesinger has more.
Key 2024 presidential election issues
More data is emerging on the top motivators for voters in the 2024 presidential election. The state of the economy and inflation may have moved votes in battleground states more than other campaign issues. Semafor's Shelby Talcott and Politico's Brakkton Booker break down the matters that resonated among Americans.
Former Trump adviser on U.S. economic outlook
Former President Donald Trump has largely based his 2024 campaign on the economy. Former Trump chief economic adviser Gary Cohn joins CBS News to assess the former president's plans.
Breaking down early exit poll results
Early exit polls found Democrats' top concern was the state of democracy and Republicans' key issue was the economy. CBS News 24/7 anchor Vladimir Duthiers analyzes the top issues on voters' minds.
With Novo Nordisk success, is there a "Nokia risk" for Denmark?
Correspondent Jon Wertheim revisits 60 Minutes' coverage of former mobile giant Nokia and discusses potential risks for the Danish economy.
El-Erian: Trump, Harris spending plans concerning
Mohamed El-Erian, the Allianz chief economic adviser, tells "Face the Nation with Margaret Brennan," that both former President Donald Trump and Vice President Kamala Harris' economic proposals are concerning "in a big way" since they do not include any plan to reduce the national debt.
Halloween is no longer a one-day event
This year, the average person will spend more than $100 on Halloween, with some decorating as early as June. Halloween is no longer one day of candy and costumes for kids.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
Last jobs report before Election Day
The latest jobs report showed slowed growth in the U.S. economy just days before Election Day. CBS News MoneyWatch correspondent Kelly O'Grady has more on what the data may indicate about the economy's future.
College students sound off on 2024 race
College voters could help swing the election in battleground states. Puck News partner Peter Hamby, who has been on a tour talking to students about how they view the 2024 presidential candidates, joins "America Decides" to share what he heard this week at Wayne State University in Detroit, Michigan.
New data before next Fed decision
The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Harris seeks Arizona, Nevada Latinos
Vice President Kamala Harris is visiting Arizona and Nevada where Latino voters could help her campaign win both battleground states. CBS News' Nidia Cavazos breaks down the influence of Latino voters in the West.
A key inflation measure drops to 2.1%. Here's the interest rate impact.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Harris leans into economy, abortion rights in new ads in final days of campaign
Harris' closing ads are emphasizing issues of abortion access and her economic proposals in the final full week of the 2024 presidential campaign.
The Climate Election: How climate will impact your bills, health and more
The next president could have a big impact on climate change policies. Here are 11 ways the issue could impact your health, bills, natural disaster recovery and more.
Economy grew at 2.8% pace last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
Why inflation in one battleground state could sway the election
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Trump's name removed from Kennedy Center, court filing says
A federal appellate court denied a last-minute attempt by the Trump administration to stop the removal of President Trump's name from the Kennedy Center on Friday.
Live
U.S.-Iran peace deal could be finalized within 24 hours, Pakistan says
President Trump, however, blasted the Iranians for launching attack drones at shipping vessels in the Strait of Hormuz overnight.
Trump says U.S. killed Tren de Aragua leader in airstrike in Venezuela
The U.S. military has killed Niño Guerrero, the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday.
Trump's changes to history at national parks must be undone, judge rules
President Trump issued an executive order in March 2025 ordering national parks to not display elements that "inappropriately disparage Americans past or living."
Lifeguard helps save woman critically injured in Australia shark attack
Lifeguard Charlie Verco said he was on his paddleboard when he saw the 11-foot shark emerge and attack a swimmer.
"It rips my heart apart": U.S. military veteran calls on ICE to release wife
An American citizen who served in the Army and the Texas National Guard for roughly 20 years is desperately urging immigration officials to release his wife, who is facing deportation to Honduras.
DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
U.S. cruises past Paraguay 4-1 in World Cup opener
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Alabama seeks lethal injection execution after court rejects nitrogen gas method
Alabama is seeking to execute a man with lethal injection hours after his nitrogen execution was prevented from going forward.
U.S.
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Trump's changes to history at national parks must be undone, judge rules
President Trump issued an executive order in March 2025 ordering national parks to not display elements that "inappropriately disparage Americans past or living."
U.S. cruises past Paraguay 4-1 in World Cup opener
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
1 killed, 22 injured in Virginia church tent collapse
The incident occurred Friday night during an outdoor service at East Lake Community Church in Moneta, Virginia.
Trump says U.S. killed Tren de Aragua leader in airstrike in Venezuela
The U.S. military has killed Niño Guerrero, the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday.
Alabama seeks lethal injection execution after court rejects nitrogen gas method
Alabama is seeking to execute a man with lethal injection hours after his nitrogen execution was prevented from going forward.
MoneyWatch
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DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
Former SpaceX welder becomes a millionaire after historic IPO
Juan Hernandez, a former SpaceX employee, owns 6,500 company shares. On the first day of public trading, his wealth ballooned by $1,046,175.
Why the liberal arts can help young Americans prepare for the era of AI
The advent of AI puts a premium on developing skills like critical thinking and communication, according to education experts. The liberal arts can help.
FDA authorizes emergency use of drug to fight screwworms in pets
Nitenpyram is the first generic animal drug authorized to treat screwworms in dogs and cats, according to federal regulators.
Politics
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"It rips my heart apart": U.S. military veteran calls on ICE to release wife
An American citizen who served in the Army and the Texas National Guard for roughly 20 years is desperately urging immigration officials to release his wife, who is facing deportation to Honduras.
Trump says U.S. killed Tren de Aragua leader in airstrike in Venezuela
The U.S. military has killed Niño Guerrero, the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday.
DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
Ohio voting rights group facing criminal fraud investigation, sources say
The FBI executed a search warrant at the office of an Ohio-based group known for its voter registration work as part of an ongoing fraud-related investigation, sources told CBS News.
Trump's name removed from Kennedy Center, court filing says
A federal appellate court denied a last-minute attempt by the Trump administration to stop the removal of President Trump's name from the Kennedy Center on Friday.
HealthWatch
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Her Stage IV cancer had no symptoms. Innovative surgery saved her life.
A chance emergency room visit led to Amy Piccoli's diagnosis with late-stage colorectal cancer.
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
World
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Lifeguard helps save woman critically injured in Australia shark attack
Lifeguard Charlie Verco said he was on his paddleboard when he saw the 11-foot shark emerge and attack a swimmer.
U.S. military making plans to secure Iran's nuclear materials, sources say
Military planners have discussed contingencies that would involve U.S. forces helping secure Iran's nuclear materials if a deal is reached, according to U.S. officials familiar with knowledge of the ongoing planning.
Suspect linked to U.S. consulate shooting on run in Canada, officer killed
A manhunt is underway for an "armed and dangerous" suspect linked to a shooting at the U.S. Consulate in Toronto after an officer was fatally shot.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
Stowaway with 524 pounds of cocaine, gun found on barge in Caribbean
It's the second time this year that authorities detained a stowaway holding a huge stash of drugs in the same harbor.
Entertainment
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Entertainment
Young the Giant performs "Mind Over Matter"
Young the Giant broke out in 2010 with hits like "My Body" and "Cough Syrup," which boast more than 400 million streams on Spotify. Their latest record, "Victory Garden," is out now. Here's Young the Giant performing "Mind Over Matter."
Young the Giant performs "Evergreen"
Young the Giant broke out in 2010 with hits like "My Body" and "Cough Syrup," which boast more than 400 million streams on Spotify. Their latest record, "Victory Garden," is out now. Here's Young the Giant performing "Evergreen."
Young the Giant performs "Different Kind of Love"
Young the Giant broke out in 2010 with hits like "My Body" and "Cough Syrup," which boast more than 400 million streams on Spotify. Their latest record, "Victory Garden," is out now. Here's Young the Giant performing "Different Kind of Love."
DOJ approves Paramount-Warner Bros. merger
The Justice Department has given the merger between CBS News' parent company, Paramount Skydance, and Warner Bros. Discovery the green light. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Shawn Hatosy talks acting on "The Pitt"
Actor Shawn Hatosy went from guest star to Emmy Award-winning fan favorite as Dr. Jack Abbot on the hit medical drama "The Pitt." Dr. Abbot "is very calm in the face of chaos and he can handle anything, but he's struggling, as is Robby, and they have to come together," Hatosy tells "CBS Mornings."
Technology
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As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
SpaceX expansion plans impact local community
Residents near SpaceX's South Texas campus have mixed opinions about Elon Musk's company and its plans to expand operations. CBS News' Jason Allen reports from Starbase, Texas.
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.
Why the liberal arts can help young Americans prepare for the era of AI
The advent of AI puts a premium on developing skills like critical thinking and communication, according to education experts. The liberal arts can help.
Uproar over planned data center near zoo
Residents are protesting plans for a 70,000-square-foot data center near the Nashville Zoo. CBS News' Skyler Henry reports.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Texas shooting kills at least 1, injures 10
On Wednesday, a 45-year-old gunman opened fire on police in Midland, Texas, allegedly refusing to surrender to police. He fled, finally barricading himself in an abandoned veterinary building and shooting wildly. All of those shot were civilians. The gunman was found dead on Friday, with the FBI and state agencies investigating. Jason Allen has more.
Midland gunman was on the run before shooting
At least one person is dead, and 10 others are injured after a gunman opened fire in Midland, Texas, on Friday. The shooter died after a standoff with police. CBS News correspondent Jason Allen reports.
Relative blames parents in cruise killing
Timothy Hudson, 16, has been charged with the death and sexual assault of his stepsister, Anna Kepner, who was on a Carnival cruise ship with her family when she was killed. Hudson's step-grandmother, Sonya Ziske, spoke to CBS News about Kepner's death, blaming parental irresponsibility as a major factor. CBS News' Cristian Benavides reports.
Latest news on Midland, Texas, shooting
Officials provided an update after a mass shooting in Midland, Texas, where at least one person was killed. CBS News' Mugo Odigwe reports.
TX mass shooting suspect dead, officials say
The suspect in a deadly mass shooting in Midland, Texas, is dead, officials say. CBS News' Mugo Odigwe reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
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?
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
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Latest CBS News Videos
The Dish: Rye Bunny
Jon Sybert and Jill Tyler opened up Rye Bunny in the Adams Morgan neighborhood of Washington, D.C., after closing their acclaimed Michelin-starred restaurant, Tail Up Goat, when its lease ended. "CBS Saturday Morning" goes inside one of the city's most popular spots for an experience akin to a dinner party.
Two friends tell stories of sports fandom
Sportswriter Joe Posnanski and television writer Michael Schur were brought together by their love of sports, so they decided to travel around the world to collect more stories of fandom. The two sit down with "CBS Saturday Morning" to discuss their book, "Big Fan: Two Friends, 82,490 Miles, and the Wild, Wonderful Sports We Love."
Full Interview: Jahmani "Hot Shot" Swanson
Jahmani Swanson, known as "Hot Shot" sat down with "CBS Saturday Morning" to talk about playing for the Harlem Globetrotters as the organization celebrates its 100th anniversary.
Sponsored
A gift for the grill lover in your life
Earlier this year, more than 13 million grill brushes were recalled after multiple injuries were reported from wire bristles breaking off. Firefighter Scott Mobley and Anthony Tranchida partnered up to create a bristle-free brush that uses steam to clean your grill, and "CBS Saturday Morning" gets a first-hand look at how it works just in time for Father's Day. (Sponsored by Grill Rescue)
Harlem Globetrotters celebrate 100 years
The Harlem Globetrotters have been entertaining crowds with their comedic athletic feats for a century. "CBS Saturday Morning" speaks with current team members on what it means to be part of the iconic squad.