4/11: CBS News Mornings
Kentucky police say 25-year-old bank employee killed 5 coworkers; Tax scams on the rise.
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Kentucky police say 25-year-old bank employee killed 5 coworkers; Tax scams on the rise.
Search for suspects after shooting at Sweet 16 party in Alabama; "The Late Late Show" with James Corden announces final guests.
McCarthy appeals to GOP to back his debt strategy; Vivek Ramaswamy on what he brings that Trump doesn't.
President Biden announces reelection campaign; Fox News parts ways with Tucker Carlson; CNN ousts Don Lemon.
Former Vice President Mike Pence testifies in election probe; cruise lines welcome younger generations.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
Worries about economy worsen as regional bank shares take a beating and Washington edges closer to default.
Economists at the Federal Reserve Bank of New York are researching the impact of remote work. Economics reporter at The New York Times Ben Casselman joined CBS News to discuss his recent writing on the study and what the future of remote work holds.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
While few Chinese are booking trips abroad yet, the country's domestic hotspots are having to turn people away and driving prices up to meet record demand.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
California regulators have seized control of struggling First Republic Bank. The FDIC accepted a bid from JPMorgan Chase to assume First Republic's deposits and virtually all of its assets. Javier David, CBS News contributor and managing editor for business and markets at Axios, joined Anne-Marie Green and Vladimir Duthiers to discuss this latest major bank failure.
JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.
Manuel Borjorquez explores the impact of seaweed that has washed ashore in Miami-Dade County, Florida. Officials are busy clearing beaches while researchers are studying how human waste might be contributing to the massive blooms.
The U.S. Army has identified three soldiers killed when two helicopters collided during a training mission in Alaska.
Federal regulators are hoping to announce who will take over the troubled First Republic Bank before markets open Monday. Meanwhile, the Fed is expected to raise interest rates yet again as inflation remains high. Skyler Henry reports.
Gary Cohn, the former top economic adviser in the Trump White House and who is now vice chairman of IBM, tells "Face the Nation" that he believes the impending sale of troubled bank First Republic "will be a much faster process" than what happened with Silicon Valley Bank. But he says this is a "seismic moment" for the American people and whether they trust their banks.
Although good for employees, strong wage growth could spur additional interest rate hikes by the Federal Reserve.
The president of the California Retailers' Association is blaming the state for a rise in shoplifting. Revenue losses from theft remain higher than they were half a decade ago. Errol Barnett and Adriana Diaz are joined by David Johnston, vice president of asset protection and retail operations for the National Retail Federation, who breaks down this nationwide issue.
New data shows that the U.S. GDP grew by 1.1% from the final quarter of 2022 to the first quarter of 2023. CBS News Contributor and Managing Editor for Business and Markets at AXIOS Javier David explains what this growth means for the potential of a recession.
The nation's gross domestic product grew at an annual rate of 1.1% in the first quarter of 2023, lower than what economists expected. But, the latest jobs report shows unemployment claims fell by 16,000. Ben Eisen, a reporter for the Wall Street Journal, joined CBS news to parse through the latest numbers.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
British antitrust regulators have blocked Microsoft's $69 billion deal to buy video game maker Activision Blizzard. In a statement Wednesday, Britain's Competition and Markets Authority said, "we've prevented Microsoft from purchasing Activision over concerns the deal would damage competition in the cloud gaming market, leading to less innovation and choice for UK gamers." The all-cash deal was set to be the biggest in the history of the tech industry. Michael Pachter, a managing director at Wedbush Securities, has more.
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.