UAW members reject tentative contract deal with Mack Trucks
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
Economy
Biden's new plan for more manufacturing jobs
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
Jobs soared beyond expectations this month
Businesses are still hiring at a high rate as consumer spending remains robust. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News with some of the indicators of where the economy is headed next.
"Surprising" September jobs report
The September jobs report showed that the U.S. economy created 336,000 jobs last month -- a sign that the job market remained strong despite challenges with inflation. Jeanna Smialek, a Federal Reserve and U.S. economy reporter at The New York Times, has more.
U.S. office occupancy rates still low
Bosses across America's biggest cities are still struggling to get workers back into the office. Andrew Keshner, a MarketWatch reporter, joins CBS News with some reasons why the hybrid model continues to prevail after the pandemic.
High costs still making consumers angry
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Senators to visit China amid growing tensions
A bipartisan delegation of U.S. senators will travel to China next week. The visit comes amid a time of persistent disagreement over policies concerning Taiwan, the South China Sea and what the U.S. calls genocide of the country's Uyghur population. Patrick Cronin, Asia-Pacific security chair at the Hudson Institute, joins CBS News to discuss what's at stake for the visit.
How student loan restart could impact economy
Tens of millions of Americans are expected to resume paying student loans after a three-year pandemic-era pause. CBS News correspondent Carter Evans has more. Plus, Politico education reporter Michael Stratford explains how the Biden administration is attempting to ease the burden for borrowers.
Gen Z's troubling relationship with debt
As the U.S. economy sees increased inflation and interest rates, many young adults are finding themselves sinking deeper into debt. Catey Hill, managing editor for MarketWatch Picks, joined CBS News to discuss how accumulating debt could have a long-term effect on Gen-Z Americans.
Stock futures up after shutdown averted
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
Home affordability in the U.S. nosedives
The typical American cannot afford to buy a home in a growing number of communities across the nation under common lending standards, according to a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average earner, who makes $71,214 a year, according to ATTOM.
Tracking the impact of interest rate hikes
The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%. Javier David, managing editor at Axios, joined CBS News to discuss other ways rising interest rates are putting pressure on Americans.
U.S. Real GDP higher than thought in new data
The U.S. Real GDP increased at an annual rate of 2.1% for the second quarter of 2023, according to a revised report released Thursday by the Bureau of Economic Analysis. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the numbers.
Richest 20% now richer than before COVID: Fed
Americans were able to save more money during the pandemic because they were spending less due to lockdown restrictions, but new data from the Federal Reserve shows that excess money has now run out for most people. Alex Tanzi, a senior editor for the U.S. economy team at Bloomberg, joined CBS News to discuss how the rich have gotten richer and everyone else has, at best, what they had before the coronavirus pandemic.
Should Ukraine rethink its counteroffensive?
Ukrainian forces have been making slight gains in their counteroffensive against Russia. But as "The Economist" reports -- this plan may only be a short-term solution in a long-term conflict. Zanny Minton Beddoes, editor-in-chief of The Economist, joins CBS News to discuss her recent trip to the war-torn country -- and her conversation with Ukrainian President Volodymyr Zelenskyy.
Jobless claims are growing in some states
While jobless claims are at an eight-month low, unemployment rates vary across the U.S. Since last year, the unemployment rate in 18 states has fallen by half a percentage point or more. But three states, plus Washington, D.C., have seen claims rise. Al Root, senior writer for Barron's, joined CBS News to discuss the job market.
More young adults in the U.S. are living at home with their families
Roughly 45% of Americans ages 18 to 29 are living at home with their families — the highest level in 70 years, new data shows.
Lack of affordable homes impacting 2024 race
A recent CBS News poll finds that 65% of voters disapprove of the way President Biden is handling the economy compared to just 35% who approve, with lack of home affordability likely factoring into those numbers. Middle-income households, or those with annual earnings of up to $75,000, can afford only 23% of the homes listed for sale in the U.S., according to data posted over the summer from the National Association of Realtors. Mark Niquette, economy and politics reporter for Bloomberg News, joined CBS News to discuss the home-buying situation.
Analysis: UAW strike, Fed's decision on rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve's decision to hold interest rates steady this month. She also addresses the United Auto Workers union strike and how it it might impact the economy.
U.K. pauses interest rate hikes, joining U.S.
The Bank of England followed the U.S. Federal Reserve's lead Thursday, leaving interest rates unchanged for the first time in nearly two years, but the U.K.'s rate remains at a 15-year high of 5.25%. Martin Baccardax, senior editor and chief markets correspondent for financial news website TheStreet, joins CBS News to talk about the pause in rate hikes.
High mortgage rates creating challenges for buyers
With mortgage rates hovering above 7% for five straight weeks, prospective buyers are facing a housing shortage as would-be sellers seek to keep their low, locked-in rates. Nancy Chen has details.
Federal Reserve pauses interest rate hikes
The Federal Reserve left interest rates unchanged in its September meeting in spite of inflation accelerating in August and remaining above the central bank's target rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe have the latest.
Interest rate hike not expected this month
The Federal Reserve is expected to announce its decision on another possible interest rate hike Wednesday afternoon. Jeanna Smialek, a Federal Reserve and economics reporter for The New York Times, joined CBS News to discuss the chances of a rate increase.
How long could the UAW strike last?
1,300 members of the United Auto Workers union are on strike across three production plants and more could follow. Seth Harris, former top labor official in the Biden and Obama administrations, joins CBS News to unpack the historic autoworkers strike.
Poll shows concern about Biden & economy
As President Biden touts the nation's economic progress, many Americans think it's getting worse. A new Suffolk University Sawyer Business School and USA TODAY poll found more Americans trust former President Trump than Mr. Biden to fix the economy by a 47 to 36% margin. Joey Garrison, USA TODAY's White House correspondent, joined CBS News to discuss the findings.
Tennessee's attempt to execute Christa Pike using lethal injection fails
Co-pilot stabs pilot, tries to crash passenger jet en route to Israel, Netanyahu says
Hegseth says he's cutting generals and admirals by 20%, ousting "woke"
Details emerge in case of former Cornell student alleging rape by frat members
Live
Iran says it's considering ceasefire counterproposal
Trump unveils South Korean investment in Alaska gas pipeline
Netanyahu says it's too early to determine motive in cockpit stabbing
Trump deflects on audio of Paxton calling GOP convention a drag on polls
