Economists' top 3 takeaways from the dismal August jobs report
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
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Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump’s trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he’s handling a new era of higher education amid the Trump administration’s push to assert control over private and public institutions across the U.S.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Economic commentator and New York Times bestselling author Kyla Scanlon joins CBS News to discuss President Trump's plan to fire Federal Reserve Governor Lisa Cook and Nvidia's upcoming earnings report.
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
President Trump announced his firing of Federal Reserve Governor Lisa Cook on Monday following months of public attacks against the central bank. Cook and her attorney responded Tuesday saying the president has no legal basis for the move and that they plan to file a lawsuit challenging the firing. CBS News' Olivia Rinaldi and Jo Ling Kent have more.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Federal Reserve Chair Jerome Powell signaled Friday that he may lower interest rates. The announcement comes after months of pressure from the Trump administration.
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Federal Reserve Chair Jerome Powell signalled a potential path to interest rate cuts in the future. Akin Oyedele, a deputy editor of newsletters at Business Insider, joins CBS News with more.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Federal Reserve Chair Jerome Powell is preparing to address the annual Jackson Hole, Wyoming, economic forum as the Trump administration pushes for an interest rate cut in September. Bill Watts, a markets editor for MarketWatch, joins CBS News with more.
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
President Trump is calling on Fed Chair Jerome Powell to lower interest rates after Tuesday's Consumer Price Index report showed lower price hikes than expected in July. CBS News' Kelly O'Grady and Aaron Navarro have more on that and Mr. Trump's pick to lead the Bureau of Labor Statistics.
President Trump took to Truth Social Tuesday to once again criticize Federal Reserve Chair Jerome Powell and call for a rate cut after a new Consumer Price Index report showed prices rose less than expected in July. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
The Trump's administration is working to finalize more trade deals before the president's self-imposed August 1 tariff deadline. CBS News White House reporter Willie James Inman has more on that and President Trump's ongoing war of words with Fed Chair Jerome Powell.
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
John Dickerson shares his thoughts on President Trump's constant criticism of Federal Reserve Chair Jerome Powell and Wednesday's decision to leave interest rates unchanged.
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
"We don't want to see what's happening in Iran happen," President Trump said in an exclusive interview airing Tuesday on "CBS Evening News."
The device was purchased by the Biden administration and cost millions, two sources said.
At least six career prosecutors in the Minneapolis U.S. Attorney's office have resigned as the office continues to face pressure to treat the investigation of the fatal shooting of a Minneapolis woman by an ICE officer as an assault on a federal officer case.
Here are the major takeaways from President Trump's interview with "CBS Evening News" anchor Tony Dokoupil on Iran, Renee Good, the Federal Reserve and more.
Information trickling out of Iran suggests a far deadlier crackdown on protesters than previously reported.
President Trump told CBS News he believes the woman killed by an ICE agent in Minneapolis, was likely a "very, solid wonderful person," but her actions before she was killed were "pretty tough."
The White House defended a video that appeared to show President Trump flipping off a person who yelled at him while touring a Ford factory in Michigan on Tuesday.
Judge David Novak had given Lindsey Halligan a week to explain why she is using the title of U.S. attorney after another federal judge found her appointment to the position invalid.
The couple had so many kids in their Los Angeles-area mansion a neighbor "thought it was a kindergarten." The investigation has only gotten stranger.
Judge David Novak had given Lindsey Halligan a week to explain why she is using the title of U.S. attorney after another federal judge found her appointment to the position invalid.
General Motors CEO Mary Barra said the Trump administration's tariffs caused a "few-billion-dollar impact," but also praised them for "leveling the playing field."
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman" and defended the ICE agent who killed Renee Good in Minneapolis. Read the full transcript of their conversation.
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
In 1955, at the age of 15, Claudette Colvin refused to give up her seat on a bus in Montgomery, Alabama, nine months before Rosa Parks' act of defiance.
General Motors CEO Mary Barra said the Trump administration's tariffs caused a "few-billion-dollar impact," but also praised them for "leveling the playing field."
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Focusing on these sectors could give your job search a boost, according to a new ranking of the best jobs for 2026.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
President Trump defended his tariffs at a speech in Michigan, after he visited a factory in Dearborn.
Judge David Novak had given Lindsey Halligan a week to explain why she is using the title of U.S. attorney after another federal judge found her appointment to the position invalid.
Here are the major takeaways from President Trump's interview with "CBS Evening News" anchor Tony Dokoupil on Iran, Renee Good, the Federal Reserve and more.
The White House defended a video that appeared to show President Trump flipping off a person who yelled at him while touring a Ford factory in Michigan on Tuesday.
The device was purchased by the Biden administration and cost millions, two sources said.
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman" and defended the ICE agent who killed Renee Good in Minneapolis. Read the full transcript of their conversation.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
"Make America Healthy Again" policies driven by HHS Secretary Robert F. Kennedy Jr. have made major strides in state legislatures, with food additives among the most common targets.
Oprah Winfrey is one of the best-known, most-admired and successful people on the planet. But for years she seemed powerless to conquer her fluctuating weight problem … until new medications, and a new attitude about her weight, gave her a breakthrough, which she describes in "Enough," a new book she has co-written with Dr. Ania Jastreboff. They talk with Jane Pauley about an individual's genetically-influenced weight range, and how to reset it. Winfrey also relates the long road she traveled since she began her TV career in Nashville, facing sexism, racism, and comments about her weight.
The potential for a major nurses strike in New York City is growing by the minute, with major hospitals and the New York State Nurses Association failing to get a deal done before Sunday's midnight deadline.
The device was purchased by the Biden administration and cost millions, two sources said.
Children and the elderly are among the dead, as well as a professional elephant handler, officials said.
The comments come ahead of Wednesday's meeting between the foreign ministers of Greenland and Denmark, Vice President JD Vance and Secretary of State Marco Rubio.
Information trickling out of Iran suggests a far deadlier crackdown on protesters than previously reported.
The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Francois Arnaud joins "CBS Mornings" to talk about the popular series "Heated Rivalry," based on the "Game Changers" book series. It follows rising hockey stars Shane Hollander and Ilya Rozanov. What begins as a fling between two rivals turns into a yearslong journey of love, denial and self discovery. Arnaud plays Scott Hunter, a closeted gay professional hockey player in the same league who has fallen in love with a smoothie shop worker. He talks about the message in the series and how it developed into a hit show.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Celebrities brought glitz and glamor to the red carpet Sunday at the Golden Globes. "CBS Mornings" co-host Gayle King spoke with some of Hollywood's biggest stars and gives a behind-the-scenes look at the awards night.
The NAACP Image Awards celebrate the outstanding achievements and performances of people of color in arts and entertainment. Comedian and actor Deon Cole and NAACP President and CEO Derrick Johnson exclusively reveal some of the nominees on CBS Mornings for this year's awards.
Ashley St. Clair, the mother of one of Elon Musk's children, alleges Grok generated and published sexual deepfake images of her without permission.
Elon Musk's AI chatbot Grok is facing intense criticism, accused of allowing X users to generate sexually explicit images of real women and children. One of the alleged victims is Ashley St. Clair, the mother of one of Musk's children. She said she discovered people used Grok to generate and publish sexualized deepfake images without her permission and share them on X. Musk has not responded to a request for comment.
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.
British regulators are investigating X for lewd AI images generated by Grok, the AI arm of Elon Musk's social platform. Michael Goodyear, an associate professor at New York Law School, joins CBS News with more.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Tuesday marked Day 5 in the trial of former Uvalde CISD police officer Adrian Gonzales over his response to the 2022 mass shooting at Robb Elementary. CBS News reporter Karen Hua has the latest.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
President Trump posted on social media about the expanding Minnesota ICE raids and promised a day of "RECKONING & RETRIBUTION" is coming. CBS News' Lana Zak reports.
The state of Minnesota, and the cities of Minneapolis and St. Paul, are suing the Department of Homeland Security and several Trump administration officials over the massive operations involving federal law enforcement. CBS News' Lana Zak has more.
Investigators say Stephen Spencer Pittman admitted to starting a fire at Mississippi's largest synagogue. Newly obtained video shows a man dousing Jackson's Beth Israel Congregation with liquid from a gas container. Jason Allen reports.
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
Outgoing space station commander Mike Fincke, a member of the returning Crew 11, turned the station over to cosmonaut Sergey Kud-Sverchkov, saying the combined crew had developed deep friendships.
Mike Fincke thanked NASA for making crew health the agency's top priority.
NASA officials reported Thursday that an unidentified member of Crew 11 was dealing with "a medical situation" that would require the crew to return to Earth sooner than anticipated.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Tuesday marked Day 5 in the trial of former Uvalde CISD police officer Adrian Gonzales over his response to the 2022 mass shooting at Robb Elementary. CBS News reporter Karen Hua has the latest.
"CBS Evening News" anchor Tony Dokoupil shares his final thoughts after interviewing President Trump and General Motors CEO Mary Barra in Detroit.
In an interview with "CBS Evening News" anchor Tony Dokoupil, General Motors CEO Mary Barra discusses tariffs, electric vehicles and the outlook ahead for the automaker.
A new report found that the number of people surviving cancer is at a historic high. The new findings published by the American Cancer Society found that the five-year-survival rate for all cancers has reached 70% for the first time. That's up from just half in the mid 1970s. CBS News chief medical correspondent Dr. Jon LaPook breaks it down.
Mary Barra, the CEO of General Motors since 2014, speaks with CBS Evening News anchor Tony Dokoupil about the future of electric vehicles amid slowing U.S. sales, affordability, manufacturing shifts and more.