MoneyWatch: Has economy recovered from COVID?
The COVID-19 pandemic is entering its third year. J.W. Mason, an associate professor of economics at John Jay College in New York, joined CBS News to discuss the state of the U.S. economy.
Inflation
Market drops after Friday inflation report
Stocks fell Monday as markets continue to respond to Friday's inflation report. Tim Pagliara, a wealth adviser and the chief investment officer at CapWealth, talked to CBS News about what these losses could mean for the future of the U.S. economy.
May jobs report better than expected
The May jobs report came in better than expected. The U.S. added 390,000 jobs during the month, and the unemployment rate remained at 3.6%. But inflation is causing a change in trends of how consumers are spending their money. Kevin Gordon, senior investment research manager at Charles Schwab, joins CBS News to break down the jobs report and what it signals about the state of the economy.
Stock market ends the week with gains
The stock market closed out the week with gains as it responded to the Federal Reserve's interest rate hike. Melissa Armo, founder and owner of The Stock Swoosh, joins CBS News at the closing bell to break down what's driving the market.
Amid recession fears, June jobs report positive
The U.S. added 372,000 jobs in June, and with the unemployment rate remaining steady at 3.6%, Rick Newman, senior columnist at Yahoo Finance, told CBS News that could be a positive sign the U.S. is not heading for a recession.
High gas prices take toll on other spending
National average gas prices reached a new record high on Memorial Day at over $4.61 per gallon. In order to budget for higher prices at the pump, many Americans are cutting back on other spending. Bank of America Institute's senior economist David Tinsley explains the relationship between gas prices and consumer spending and which groups are making the biggest cutbacks.
MoneyWatch: Jobless claims, retail sales data
A new report released by the U.S. Labor Department shows initial jobless claims rose for the week ending April 9. A separate report from the Commerce Department reveals that retail sales increased in March despite inflation. CBS News' Tanya Rivero discusses this and more with Lori Bettinger, the president of BancAlliance.
How rising interest rates will affect Americans
American jobless claims fell by to 214,000 as the Federal Reserve raises interest rates. Ted Rossman from Bankrate.com joins CBS News to discuss these economic shifts.
MoneyWatch: Inflation hits 40-year high
Gas prices are soaring to record highs as inflation hits its highest level in 40 years. The Consumer Price Index jumped 0.8% in February, marking a 7.9% increase over the past year. CBS News transportation correspondent Errol Barnett has more on the rising gas prices, and then Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program during the Obama administration, joins CBS News to discuss the impact on American families.
Uncertainty over Russia driving stocks
Uncertainty over the Russia-Ukraine conflict has been the main driver for major stock indexes, which all saw loses Thursday. Lori Bettinger, president of BancAlliance, joins CBS News at the closing bell of the New York Stock Exchange to discuss the economic ramifications.
Federal Reserve raises interest rates
The Federal Reserve Board announced plans to raise interest rates a quarter-point in the first hike since 2018. New York Times Dealbook editor Stephen Gandel and Kroll Institute global chief economist Megan Greene join CBS News' Lana Zak and Enrique Acevedo with their insights on the breaking news.
Biden speaks on inflation and economy
President Biden spoke Thursday with The Associated Press about inflation and the state of the U.S. economy, and held a meeting with Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer on economic issues. CBS News senior White House and political correspondent Ed O'Keefe joins "Red and Blue" to discuss this and more.
Inflation hits 9.1%, highest rate in 40 years
The inflation rate hit a 40-year record in June, with the consumer price index increasing by 9.1% over the last 12 months, according to the U.S. Department of Labor. Jeff Mason, a White House correspondent for Reuters, and Colby Smith, a U.S. economics editor for the Financial Times, join "Red and Blue" to discuss the June inflation report.
White House adviser discusses Biden's inflation response
President Joe Biden called the inflation rate "unacceptably high" after it reached its highest rate in four decades in June. Jared Bernstein, a member of the White House Council of Economic Advisers, joined "Red and Blue" to discuss the Biden administration's response to inflation.
Inflation rises as U.S. economy rebounds
Inflation is rising as the U.S. economy rebounds from the pandemic downturn. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" anchor Elaine Quijano with more on the factors driving prices higher and why small business owners fear they could miss out on President Biden's plan to increase federal contracts.
Experts struggle to predict job gains
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
Here's which U.S. official might visit Kyiv
The Biden administration is considering sending a top official to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy. CBS News chief White House correspondent Nancy Cordes and CBS News political reporter Caitlin Huey-Burns join "Red and Blue" to discuss who they might send, and why the administration continues to blame inflation on Russia's invasion of Ukraine.
Democrats near deal on spending, climate
President Biden and congressional Democrats say they are close to a deal on their massive plan to fund social programs. Plus, lawmakers could vote to pass their bipartisan infrastructure bill this week. CBS News congressional correspondent Nikole Killion, Politico national political correspondent Meridith McGraw and Washington Post national political reporter Eugene Scott join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
Americans most concerned about economy
A recent CBS News poll shows that most Americans feel the economy should be the government's top priority. CBS News political reporter Caitlin Huey-Burns and Washington Post White House reporter Tyler Pager join "Red and Blue" to discuss that and other top political stories of the day.
White House touts economic wins as inflation persists
The Biden administration is focused on improved unemployment numbers as Americans still feel the impacts of inflation. Plus, the U.S. Court of Appeals ruled against former President Trump, who is trying to block the House January 6 committee from accessing White House documents. CBS News senior Washington correspondent Major Garrett, Wall Street Journal Capitol Hill reporter Siobhan Hughes and Politico congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the details.
Cities await funds to start infrastructure projects
Cities across the U.S. are hoping to receive grants from the federal government's $1 trillion infrastructure bill. Mitch Landrieu, a White House senior adviser and infrastructure implementation coordinator, joins "Red and Blue" anchor Nikole Killion with the latest.
Biden administration tackles skyrocketing gas prices
In a letter to seven oil companies, President Biden asked for more gas to address high gas prices. The senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute, Frank Macchiarola, joins "Red and Blue" to discuss the Biden administration's approach to gas prices.
Americans feel impact of inflation
The U.S. Labor Department reports that the cost of consumer goods has increased 6.2% compared a year ago. CBS News reporter Sarah Ewall-Wice joins CBSN "Red and Blue" anchor Elaine Quijano to break it down.
White House options to address gun violence
What possible actions are on the table for President Biden to address gun violence? CBS News chief White House correspondent Nancy Cordes joins "Red & Blue" to discuss this, plus rising inflation and record-high gas prices.
Social Security benefits to increase in 2022
The government will increase Social Security benefits by 5.9% in 2022 as Americans contend with higher consumer prices. The Conference Board's chief economist Dana Peterson joins CBSN's "Red & Blue" anchor Elaine Quijano with the details, including how long U.S. labor shortages could last.
Live
Oil prices surge as Trump suggests U.S. fees on Strait of Hormuz
Trump's declaration that the U.S. will control the Strait of Hormuz and charge fees on cargo has sparked a second day of oil price rises.
Maps show extreme heat and flood threats across U.S.
Much of the U.S. is facing either extreme heat or excessive rainfall and potential flooding on Tuesday. Here's where the greatest threats are expected.
Man fatally shot by ICE in Maine wasn't intended target of warrant, lawmakers say
Maine Sen. Angus King said he told Homeland Security Secretary Markwayne Mullin that he wanted a transparent investigation into the shooting in Biddeford.
Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
U.S. uses sea drones in combat for first time to attack Iranian port
The U.S. military shared video of what it said was its first use of sea drones in combat, to attack an Iranian submarine and ship maintenance facility.
U.S. citizens traveling in Congo must spend 21 days elsewhere before entering U.S.
U.S. health officials are concerned about the spread of Ebola in the Democratic Republic of Congo.
Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
U.S.
More U.S.
Warsh vows to tackle inflation in first testimony as Fed chairman
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."
U.S. citizens traveling in Congo must spend 21 days elsewhere before entering U.S.
U.S. health officials are concerned about the spread of Ebola in the Democratic Republic of Congo.
Maps show extreme heat and flood threats across U.S.
Much of the U.S. is facing either extreme heat or excessive rainfall and potential flooding on Tuesday. Here's where the greatest threats are expected.
Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
MoneyWatch
More MoneyWatch
Warsh vows to tackle inflation in first testimony as Fed chairman
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."
Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
12 states sue to block Paramount-Warner Bros. Discovery merger
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Politics
More Politics
U.S. citizens traveling in Congo must spend 21 days elsewhere before entering U.S.
U.S. health officials are concerned about the spread of Ebola in the Democratic Republic of Congo.
Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
Why gaining full control of Strait of Hormuz has proven so hard for U.S.
Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar levels likely will require a much bigger armada of U.S. warships if not tens of thousands of American troops on Iranian soil, experts say.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
HealthWatch
More HealthWatch
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Common knee surgery may do more harm than good, 10-year study shows
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
World
More World
Man describes harrowing escape from wildfire that killed wife and friends
A last minute decision meant Malcolm Timbrell survived one of Spain's deadliest wildfires ever, but his wife and friends were trapped by a wall of flames.
U.S. uses sea drones in combat for first time to attack Iranian port
The U.S. military shared video of what it said was its first use of sea drones in combat, to attack an Iranian submarine and ship maintenance facility.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Why gaining full control of Strait of Hormuz has proven so hard for U.S.
Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar levels likely will require a much bigger armada of U.S. warships if not tens of thousands of American troops on Iranian soil, experts say.
Climbers found dead in Italian Alps week after going missing
The two climbers had not made contact since leaving a mountain refuge on July 9, according to authorities.
Entertainment
More Entertainment
Entertainment
States sue to block Paramount-WBD merger
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.
Mick Jagger on music and politics
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
"Jurassic Park" star dies at 78
Actor Sam Neill, who starred in "Jurassic Park" and "The Piano," died Monday at the age of 78, his family said in a statement. Neill had been battling cancer, but his family said he had beaten it and his death was unexpected.
Extended interview: Sean Evans
Vladimir Duthiers speaks with Sean Evans about how he came to host "Hot Ones," his interview with Conan O'Brien, who he would like to see on the show and more.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Technology
More Technology
Technology
Apple files lawsuit against OpenAI
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
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.
Family says they're forced to sell home to help power data centers
Georgia Power says building a new transmission line will require acquiring more than 300 parcels of land, including residential properties.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Science
More Science
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Crime
More Crime
Crime
Second fatal ICE shooting in a week
Joan Sebastian Guerrero's death in Maine marks the second time in a week that Immigration and Customs Enforcement agents have shot and killed a civilian. The Department of Homeland Security alleged that a man "attempted to flee the scene" when stopped by ICE. Guerrero's killing has prompted calls for an investigation. CBS News' Lilia Luciano reports.
Apple files lawsuit against OpenAI
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.
Witnesses on ICE shooting in Maine
Witnesses are describing what they saw during the moments after an Immigration and Customs Enforcement agent fatally shot a man in Maine. One source with knowledge of the investigation says Joan Sebastian Guerrero was killed during the encounter. CBS News' Lilia Luciano reports.
Judge's stunning rebuke of Trump, DOJ
U.S. District Judge Kathleen Williams slammed President Trump, his lawyers, and the Justice Department over a lawsuit against the IRS, saying it was filed for an "improper purpose." CBS News' Katrina Kaufman reports.
Latest news on fatal ICE shooting in Maine
Protests erupted in Maine after an Immigration and Customs Enforcement agent fatally shot 26-year-old Joan Sebastian Guerrero, according to a source with knowledge of the investigation. CBS News' Michael George reports.
Space
More Space
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Latest Galleries
More Latest Galleries
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
FaceTime scams are on the rise
Consumer advocates say they're tracking a rise in cases where scammers are using FaceTime. The scams often start with a text about suspicious activity on your bank account or credit card. Ash-har Quraishi explains.
Second fatal ICE shooting in a week
Joan Sebastian Guerrero's death in Maine marks the second time in a week that Immigration and Customs Enforcement agents have shot and killed a civilian. The Department of Homeland Security alleged that a man "attempted to flee the scene" when stopped by ICE. Guerrero's killing has prompted calls for an investigation. CBS News' Lilia Luciano reports.
Details on Israel's apparent Ahmadinejad plan
The New York Times published an explosive report on Israel's apparent secret plan to cultivate former Iranian President Mahmoud Ahmadinejad as an intelligence asset. Ronen Bergman, one of the authors of the report, joins CBS News with more details.
Apple files lawsuit against OpenAI
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.