7/6: Red and Blue
Pat Cipollone to testify before Jan. 6 committee; Labor Dept. reports job openings near record high
Inflation
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.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Job openings fell in May but remained near historic high
Employers advertised fewer jobs as the economy showed signs of slowing, but there are nearly two job openings for every unemployed person.
Americans are eating into pandemic savings to cope with inflation
Low-income workers are the only group not to touch their savings yet due to strong wage gains, a new analysis finds.
Why fears of a recession could lead to one
Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Alcohol industry affected by inflation
Amidst supply chain disruptions, the cost of alcohol has remained steady but there are new warnings of inflation in the industry. Scott MacFarlane reports.
MoneyWatch: Paper coupons on the decline
Lack of availability and convenience are causing many customers to turn away from using physical coupons when they shop for groceries, despite rising prices on consumer goods. Axios Senior News Reporter Kelly Tyko shares her advice for saving money without coupons and how to best use digital options on "CBS News Mornings."
Fourth of July burgers cost 10% more this year
A home-grilled cheeseburger cost $2.07 this year, an increase of 21 cents from the last Fourth of July holiday, USDA says.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Biden claims U.S. inflation rate lower than other nations
President Biden Thursday said the U.S. is better positioned to deal with inflation than any other nation in the world. David Nelson, chief strategist of Belpointe Asset Management, joins CBS News' Ben Tracy to discuss the state of the economy.
German leader: Putin ready for long war in Ukraine
German Chancellor Olaf Scholz revealed in an exclusive interview with Margaret Brennan that Russian President Vladimir Putin is ready to wage war in Ukraine for "a long time." He also said even though Putin "will not really admit it," he "understands the deep impacts of our sanctions on his economy."
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Texans view state's economic growth as good but feel higher prices' pinch
Most Texans are having to drive less and cut back on spending.
Consumer confidence declines amid inflation
Yahoo Finance anchor and reporter Akiko Fujita spoke with CBS News' Elaine Quijano and Tanya Rivero about the impacts of inflation on consumer confidence and spending. Fujita also discussed a new ban on Russian imports and how sanctions could affect the U.S. economy.
Stocks fall as inflation fears continue to grip investors
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
Social Security's cost-of-living bump could be near 11%: Report
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
6/27: CBS News Mornings
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
Biden attends G-7 summit
President Biden is in Germany for the annual G-7 summit, where world leaders are set to discuss pressing global issues such as the war in Ukraine and worldwide inflation. Ed O'Keefe has the details.
Analyst on why "it's a mistake" to assume that worst of inflation has happened
Food prices are up 10%, new vehicles 12.5% and gasoline almost 50% compared to last year, according to U.S. Bureau of Labor Statistics.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
Only On CBS
The Alito Court: A rare interview with the influential Supreme Court justice
Key Biden aide recalls "draconian measures" being considered against Israel
CBS News poll finds Democrats maintain House advantage amid concern about prices
Hero passenger on FlyDubai flight: "We are going to survive"
Search ongoing after debris of plane found off Nantucket
U.S. Marine arrested, accused of killing Japanese woman in Okinawa
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Senior Trump administration officials met to discuss Iran war at Camp David
