5/11: CBS News Mornings
Title 42, the pandemic-era border policy, ends today; drop in commercial property values could impact U.S. pension plans.
Economy
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Yellen: U.S. default would be a "catastrophe"
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
Investors react as inflation slows
Stocks closed relatively flat Wednesday following the release of Consumer Price Index data for April. Wells Fargo senior global markets strategist Scott Wren joins CBS News to explain what the new inflation numbers mean for consumers and investors.
Consumer Price Index up 0.4% in April
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
What a default could do to the U.S. economy
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Where lawmakers can compromise on debt limit
President Biden hosted top congressional leaders at the White House Tuesday afternoon to discuss the debt ceiling standoff. Mark Zandi, chief economist for Moody's Analytics, joins with a look at where talks could go in the coming weeks.
Biden, McCarthy speak out after debt summit
President Biden met with top congressional leaders Tuesday, trying to prevent the economic chaos a default would cause if an agreement isn't reached on the debt ceiling. After the meeting, the president pointed out how far apart the two sides are. CBS News chief White House correspondent Nancy Cordes reports.
Corporate profits could be fueling inflation
Some companies are raising prices faster than costs are increasing, fueling inflation. CBS News' Tony Dokoupil and Errol Barnett are joined by Wall Street Journal reporter Paul Hannon with more.
China increasing automobile exports
China's automotive exports have tripled over the last five years. Many of its newest vehicles are hybrid or fully electric. Elizabeth Palmer reports.
April job growth beats expectations
The Labor Department's latest report shows employers added 253,000 jobs in April. Daniel Altman, chief economist at Instawork, breaks down the findings.
Latest jobs report shows strong economic growth
The U.S. added 253,000 jobs in April, according to a report released Friday by the Labor Department, well above estimates from economists. Unemployment also fell to 3.4%, and wages were also higher. Ed O'Keefe has the details.
How AI could change certain types of work
The popularity of artificial intelligence has exploded, and its impact could stretch across industries. Nancy Chen takes a look at what it could mean for many types of jobs.
European Central Bank raises interest rates
Inflation in the Eurozone ticked up to 7% in April. The European Central Bank raised interest rates to 3.25% and indicated more hikes are to come. Brendan McKenna , an international economist for Wells Fargo, joined CBS News to compare the ECB and Federal Reserve's approaches to inflation.
CEO pay continues to rise
Salaries for top CEOs rose 7.7% last year, even as most Americans are struggling to keep up with inflation. CBS MoneyWatch associate managing editor Irina Ivanova joins Errol Barnett and Elaine Quijano with more.
U.S. adds 253,000 jobs in April
Employers in the U.S. added 253,000 jobs in April, and the nation's unemployment rate fell to 3.4% from 3.5% in the prior month, the Labor Department said. CBS News business analyst Jill Schlesinger joined Anne-Marie Green to discuss the jobs report.
What bank stock falls could mean for economy
Federal Reserve Chair Jerome Powell began a press conference Wednesday saying "the U.S. banking system is sound and resilient." Yet several regional bank shares were on the decline Thursday. Wall Street Journal banking reporter Gina Heeb breaks down the possible implications for the economy.
How to save money as inflation remains high
Many Americans are struggling to save money as inflation keeps costs high. Jennifer Streaks, a senior personal finance reporter for Business Insider, shares tips on how to increase financial stability.
How interest rate hikes affect debt, loans
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
Biden aide on debt ceiling, immigration, 2024
Anita Dunn, one of President Biden's highest-ranking White House aides, called on lawmakers to "update our immigration laws to reflect the realities of 2023," noting that the last time Congress passed major immigration legislation was decades ago. Watch her interview with CBS News political correspondent Caitlin Huey-Burns.
Interest rates could alter Biden's reelection
The Fed has raised interest rates again. Nancy Cordes joins "CBS News Mornings" to explain the impact this could have at the White House.
Fed increases interest rates to 16-year high
The Federal Reserve raised its key interest rate another quarter of a percentage point Wednesday in its ongoing effort to bring inflation down. The increase is the 10th straight interest-rate hike since last March in what has been the most aggressive rate-hiking campaign since the 1980s. The hikes are among factors being blamed for the biggest banking sector meltdown since the 2008 financial crisis. Nancy Cordes has more details from the White House.
Why are earthquakes getting more expensive?
The estimated annual cost from earthquake damage is soaring in California, and it already makes up more than half of the nation's annual earthquake costs. Los Angeles Times reporter Rong-Gong Lin II joined CBS News to discuss the possible reasons behind the increase.
Interest rates highest since 2007
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Potential economic impacts of writers' strike
The TV and film writers strike could impact more than just our favorite television shows. The move is already having ripple effects across the entertainment industry, and depending on how long it lasts, it could have economic implications as well. Alissa Wilkinson, a senior culture reporter and critic at Vox, joins CBS News with more.
Trump extends ceasefire in Iran indefinitely
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
Cherfilus-McCormick resigns from Congress before hearing on sanctions
The Florida Democrat stepped down shortly before a House Ethics Committee hearing to determine whether she should be punished.
Live
Trump extends ceasefire as uncertainty over U.S.-Iran peace talks remains
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Lawmakers demand answers, recommendations to crack down on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Senate GOP advances budget resolution, kickstarting process to fund ICE
Senate Republicans advanced a budget resolution to begin the process of funding immigration agencies under DHS without help from Democrats.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Virginia Democrats seek 10-1 congressional map with voter referendum
The referendum is seeking to amend the state's constitution to use the Democratic-controlled Assembly's redrawn congressional maps, which will give Democrats an advantage in 10 of the state's 11 House districts.
FBI investigating deaths, disappearances of staff at government labs
The disappearances and deaths of 10 government workers tied to nuclear or space technology have sparked speculation online. President Trump said the cases are "hopefully, coincidence."
U.S.
More U.S.
Lawmakers demand answers, recommendations to crack down on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Trump extends ceasefire in Iran indefinitely
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
UPS, FedEx and DHL file for tariff refunds. What it means for consumers.
Shippers have pledged to share refunds with customers who paid tariffs once the government issues refunds.
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Cherfilus-McCormick resigns from Congress before Ethics hearing on sanctions
The Florida Democrat stepped down shortly before a House Ethics Committee hearing to determine whether she should be punished.
MoneyWatch
More MoneyWatch
UPS, FedEx and DHL file for tariff refunds. What it means for consumers.
Shippers have pledged to share refunds with customers who paid tariffs once the government issues refunds.
Will gas dip below $3 a gallon this year? Here's what experts think.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Uber found liable for actions of driver who grabbed passenger's inner thigh
The so-called bellwether case is part of a broader group of sexual assault lawsuits filed against Uber in multiple jurisdictions around the country and is the third to go to trial.
Politics
More Politics
Trump extends ceasefire in Iran indefinitely
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
Cherfilus-McCormick resigns from Congress before Ethics hearing on sanctions
The Florida Democrat stepped down shortly before a House Ethics Committee hearing to determine whether she should be punished.
Senate GOP advances budget resolution, kickstarting process to fund ICE
Senate Republicans advanced a budget resolution to begin the process of funding immigration agencies under DHS without help from Democrats.
Hegseth scraps mandatory flu shots for troops
Defense Secretary Pete Hegseth said U.S. service members will no longer be required to get annual flu shots.
Southern Poverty Law Center facing DOJ probe over use of paid informants
The Justice Department is investigating the Southern Poverty Law Center in connection with a now-defunct program that used paid informants to infiltrate extremist groups.
HealthWatch
More HealthWatch
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
World
More World
Trump says U.K.'s Starmer can "recover" as Epstein scandal hits him again
Trump says British leader Keir Starmer has "time to recover" from the latest scandal over his decision to tap an Epstein associate as his U.S. ambassador.
Iran war shows "era of fossil fuel security is over," says U.K energy secretary
President Trump recently encouraged the U.K. to "drill baby, drill" in the oil-rich North Sea.
NATO intercepts Russian bombers and fighter jets over Baltic Sea
The Russian mission included two supersonic Tu-22M3s, as well as about 10 fighters, the French detachment said.
Mass murder trial in El Salvador for almost 500 alleged MS-13 members
Nearly 500 alleged MS-13 members, including several alleged leaders, are on trial collectively in El Salvador, accused of thousands of murders.
Live
Trump extends ceasefire as uncertainty over U.S.-Iran peace talks remains
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Entertainment
More Entertainment
Entertainment
Opening statements in Weinstein rape retrial
Opening statements have concluded in Harvey Weinstein's New York rape retrial. CBS News' Jericka Duncan has more.
D4vd charged with murder in14-year-old's death
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Details on charges against D4vd in teen's death
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
What to know on the "Matlock" season finale
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Indigo Girls' member reveals incurable medical disorder affecting her voice
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
Technology
More Technology
Technology
How Tim Cook's Apple exit impacts big tech
Tim Cook announced he's stepping down as Apple CEO after nearly 15 years. Anna Rathbun, the CEO and founder of Grenadilla Advisory, joins with more.
Major change at Apple
Apple CEO Tim Cook announced he is stepping down from his leadership role running one of the world's biggest companies. CBS News contributor Patrick McGee joins CBS News with more details.
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.
Tim Cook to step down as Apple CEO
Tim Cook, who has been with Apple for nearly three decades and has served as the company's CEO for 15 years, will step down in September and stay on as chairman. The tech giant announced Monday who will replace Cook. Jo Ling Kent reports.
Tim Cook to step down as Apple CEO
After 15 years, Tim Cook is stepping down as Apple's CEO. Starting in September, Cook will be the executive chairman of Apple's board of directors. New York Times technology correspondent Mike Isaac joins CBS News to discuss.
Science
More Science
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Crime
More Crime
Crime
Disappearances, deaths of staff at federal labs
The FBI is investigating the cases of at least 10 staffers at secret government labs who have either died or disappeared. CBS News' Anna Schecter has the details.
D4vd pleads not guilty to first-degree murder
Singer and songwriter D4vd is facing several charges linked to the death of 14-year-old Celeste Rivas Hernandez. CBS News' Matt Gutman has the latest.
Weinstein faces third rape trial in New York
Disgraced Hollywood mogul Harvey Weinstein will be in a Manhattan courtroom on Tuesday for trial. He is accused of third-degree rape. CBS News' Jericka Duncan reports.
Shooting at Mexico's Teotihuacán pyramids
A Canadian tourist was killed, and 13 others were injured, during a shooting at the popular Teotihuacán pyramids in Mexico, officials confirmed. CBS News' Bradley Blackburn reports.
D4vd charged with murder, pleads not guilty
Singer D4vd pleaded not guilty Monday to first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. If convicted he could face the death penalty.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Disappearances, deaths of staff at federal labs
The FBI is investigating the cases of at least 10 staffers at secret government labs who have either died or disappeared. CBS News' Anna Schecter has the details.
CIA employees die in Mexico car crash
Leaders in Mexico are demanding answers after two CIA employees died in a car crash following a drug lab raid. CBS News intelligence and national security reporter Olivia Gazis has more.
Sean Duffy on modernizing air traffic control
Transportation Secretary Sean Duffy is asking Congress for more funding to modernize the air traffic control system after a close call between two Southwest jets in Nashville. CBS News' Kris Van Cleave spoke with Duffy and asked about his plans.
Trump extends Iran ceasefire until talks wrap
Hours before the Iran ceasefire was set to expire on Tuesday, President Trump announced he extended the truce until "discussions are concluded." CBS News White House reporter Olivia Rinaldi has the latest.
Virginia redistricting election underway
Virginia voters are headed to the polls Tuesday for a special election that would redraw the state's congressional district map. CBS News' Fin Gomez has more.