CBS Evening News, July 13, 2022
U.S. inflation hits 41-year high; Statue of civil rights leader replaces Confederate statue at U.S. Capitol
Inflation
"Shrinkflation": Consumers getting less for their money
Consumers are getting less for their money as products get smaller and prices stay the same. Carter Evans has more on "shrinkflation."
U.S. inflation hits 41-year high
Inflation surged to a 41-year high, with the Consumer Price Index showing Americans paid more last month for just about every necessity from gas prices to rent. Nancy Chen takes a look.
Fed rate hikes hurting would-be home buyers
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
CPI report shows inflation rose 9.1% in June
The U.S. Department of Labor's latest CPI report shows prices in June rose 9.1% from last year, marking the largest year-over-year increase since 1981. CBS News' Sarah Ewall-Wice shares more about what this could mean for the economy.
Republicans criticize Biden amid inflation
Republicans criticized President Joe Biden after new data revealed that inflation surged to a 41-year high last month. CBS News' Tanya Rivero and Elaine Quijano assess the current state of the U.S. economy with reporter Sarah Ewall-Wice.
U.S. inflation hits new 40-year high
Across the board, Americans are paying more for everything, including housing, groceries and gas, according to new government data. CBS News' Tanya Rivero and Elaine Quijano spoke with Wall Street Journal economics reporter Gwynn Guilford about the state of the economy and how the Federal Reserve may react.
Social Security checks could get a 10.5% bump due to inflation
June inflation was higher than expected, at 9.1%. That could set up seniors for the biggest payment boost since 1981.
Tips to prepare for a possible recession
With inflation at a 40-year high, and the Federal Reserve raising interest rates, many financial experts warn of an economic slowdown. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to protect your finances during this uncertain time.
June Consumer Price Index to be released
June may have been an even hotter month for inflation than in previous months. Inflation could rise again in the latest CPI report, but economists say it might begin to cool off. President of Sevens Report Research Tom Essay joins CBS News Mornings to talk about what to expect.
War in Ukraine rages on as global crisis worsens
The war in Ukraine is having a major impact on food and fuel supplies worldwide. William Taylor, former U.S. ambassador to Ukraine, joined John Dickerson to discuss the situation.
How to save despite economic uncertainty
CBS News business analyst Jill Schlesinger joined Anne-Marie Green and Vladimir Duthiers to discuss the ongoing recession fears amid a strong job market and offered tips on how to save money despite economic uncertainty.
Prices of essential items continue to surge
Americans are seeing a significant price increase for essential items, hitting a 40-year high. Sarah Foster, an analyst for Bankrate.com, joins "CBS News Mornings" to discuss how Americans can combat the rise in the cost of goods.
8 in 10 travelers experienced travel problems this year, survey finds
The findings come as Americans continue to struggle with higher inflation.
Are corporate profits driving inflation?
There are two commonly-accepted aspects of economics that determine prices: supply and demand. But some say a third factor is companies' pursuit of increased profits in the midst of supply-and-demand chaos stirred by war and pandemic. Correspondent David Pogue talks with former Treasury Secretary Larry Summers, former Labor Secretary Robert Reich, and economist Mike Konczal about the legitimacy of corporate avarice
"Greedflation": Is corporate profit-taking driving prices higher?
Two commonly-accepted aspects of economics that determine prices are supply and demand. But some say a third factor is companies exploiting our present chaos, stirred by war and pandemic, in the pursuit of increased profits.
Britain feels the impact of record inflation
Britain's inflation rate hit a new 40-year high of 9.1%.
Inflation rates climb across the globe
The United States isn’t the only country seeing inflation rates soar. In Britain, costs have increased up to 25 to 30%, sending shockwaves throughout industries. Roxana Saberi has more.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
Hiring remains strong despite Fed interest rate hikes
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Inflation causing housing affordability crisis
Rrecord-high inflation is making homelessness worse across the U.S., according to a report from the Washington Post. Rachel Siegel co-authored that article and joins Lana Zak on CBS News to discuss.
7/6: Red and Blue
Pat Cipollone to testify before Jan. 6 committee; Labor Dept. reports job openings near record high
Concerns linger on gas prices and inflation
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Exclusive
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
Live
Trump's ceasefire with Iran mired in dispute over Israel's war in Lebanon
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Husband arrested in Bahamas in connection to wife's disappearance
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Military operation conducted to deter Russian submarines in North Atlantic
British and Norwegian militaries led a weekslong operation to deter Russian submarines in the North Atlantic, the U.K. military said.
Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
U.S.
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Exclusive
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Acting AG Todd Blanche gives go-ahead to pursue death penalty in MS-13 murder case
Blanche said the top federal prosecutor in California can seek the death penalty for three alleged MS-13 members charged with killing a victim who was cooperating with authorities, according to a memo.
First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
MoneyWatch
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DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
This male model sporting a crisp summer shirt isn't real. Will consumers care?
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
Politics
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Exclusive
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Acting AG Todd Blanche gives go-ahead to pursue death penalty in MS-13 murder case
Blanche said the top federal prosecutor in California can seek the death penalty for three alleged MS-13 members charged with killing a victim who was cooperating with authorities, according to a memo.
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
HealthWatch
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Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
World
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A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
Israel's war in Lebanon has become a flashpoint for the Iran ceasefire
The U.S. and Israel publicly disagree with Iran and Pakistan over whether the country to Israel's north is included in the Iran ceasefire.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Entertainment
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Entertainment
How realistic is "Project Hail Mary"?
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
"Survivor 50" castaway talks elimination
(Spoilers ahead) The latest castaway voted off "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss being eliminated from the game, this season's challenges and being the first member of the jury.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Kanye West's upcoming Italy gig sparks debate after U.K. denied rapper entry
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
"You, Me & Tuscany" stars talk new movie
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Technology
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Technology
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
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.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
AI will affect more than half of all U.S. jobs, analysis finds
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
"Ketamine Queen" sentenced to 15 years
Jasveen Sangha, the woman described as the "Ketamine Queen," was sentenced Wednesday to 15 years in federal prison for her role in the death of "Friends" co-star Matthew Perry. Carter Evans reports.
Husband arrested after wife falls overboard
Brian Hooker has been arrested by the Royal Bahamas Police Force after his wife, Lynette Hooker, apparently fell overboard from their dinghy and was swept away by currents. Hooker's lawyer denies any wrongdoing. CBS News' Cristian Benavides reports.
Doctor found guilty of attempted manslaughter
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
Doctor accused of trying to kill wife on hike found guilty of attempted manslaughter
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Space
More Space
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
NASA gears up for Artemis II crew's return to Earth
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II crew on path back to Earth after historic trip around the moon
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
Artemis II astronauts find hidden Easter eggs as they close in on the moon
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
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Latest CBS News Videos
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Democrats seek to limit Trump's Iran powers
Democratic lawmakers are taking action to curb President Trump's powers over Iran, but a favorable outcome seems unlikely. CBS News' Caitlin Huey-Burns reports.
U.S.-Iran ceasefire on shaky ground
Israeli strikes against Hezbollah in Lebanon have become a potential breaking point in the fragile U.S.-Iran ceasefire. CBS News' Imtiaz Tyab and Nancy Cordes report.
How realistic is "Project Hail Mary"?
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
Democratic presidential hopefuls gather
Pennsylvania Gov. Josh Shapiro, Kentucky Gov. Andy Beshear and former Vice President Kamala Harris are all participating in the 2026 National Action Network Convention in New York City. CBS News' Fin Gómez has more.
Oil prices rise as Iran war questions linger
Oil prices are rising again after a brief drop following news of a U.S.-Iran ceasefire. CBS News' Jill Schlesinger has some advice for those watching the markets.