Trump's latest comments on a recession
President Trump seems confident that his tariffs will reap great rewards for the U.S., but he is not ruling out the possibility of a recession. CBS News' Weijia Jiang reports.
Recession
Trump comments on recession risks
Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto Workers union president speaks up about the need for tariffs. CBS News contributor Javier David has more.
Trump doesn't rule out recession possibility
President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. Meanwhile, China's retaliatory tariffs on U.S. goods are being implemented Monday. CBS News' Natalie Brand and Anna Coren have the latest.
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion has more.
Potential economic consequences of DOGE cuts
The Trump administration ordered the termination of more than 6,000 Internal Revenue Service employees last week. According to a local union, that includes roughly 1,000 IRS workers in Kansas City alone. Donna Ginther, director of the Institute for Policy and Social Research at the University of Kansas, joins "America Decides" to discuss the potential economic ramifications.
A look back at 1990's quirky recession
In this fun "Mornings Memory," we revisit a hands-on illustration from 1990, where large and colorful balls were used on CBS This Morning to explain the complexities of supply and demand during a recession.
Major market indexes show signs of recovery
Fears of a U.S. recession appear to be easing Tuesday with most equities rallying after the stock market plunged on Monday. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joined CBS News to discuss the economy.
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stock market shocked by economy fears
The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Recession fears after new data
Disappointing July jobs data could bring about fears of a potential recession as Americans navigate a period of inflation in the U.S. economy. CBS News contributor Javier E. David breaks down the signals to look out for as the markets react to the latest numbers.
Why many think the U.S. is in a recession
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Poll: Americans' economic outlook improving
Americans' views on the economy are improving, according to new CBS News polling. Anthony Salvanto, CBS News executive director of elections and surveys, joins "America Decides" to break down the findings.
Why January's jobs report is a big surprise
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Inflation cooled in June: What that means
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
What to expect from the economy in 2024
The Federal Reserve has signaled it may cut interest rates in 2024 as inflation cools. CBS News contributor Javier David breaks down how likely those cuts may be.
These jobs saw the biggest pay hikes across the U.S. in 2023
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Recession fears eased by latest PPI report
Wholesale prices fell half a percentage point last month, according to the latest Producer Price Index report, signaling a possible ease in inflation. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss the numbers.
Live
Iran, Israel voice caveats on deal ahead of expected signing ceremony
Senior U.S. officials say President Trump and Iran's top negotiator have already remotely signed a memorandum of understanding ahead of an expected signing ceremony.
3,600 stock trades in 3 months: Breaking down Trump's flurry of investments
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
Referee denied entry into U.S. was talking to "very bad people," official says
Andrew Giuliani, the executive director of the White House's World Cup task force and the son of former NYC Mayor Rudy Giuliani, said he stood by the U.S.'s decision to reject Omar Artan.
Supreme Court won't take up 98-year-old judge's bid to hear cases again
Judge Pauline Newman, who served on the U.S. Court of Appeals for the Federal Circuit, has been suspended from hearing cases because of concerns about her fitness to serve.
Vance denies that Iran will receive "billions of dollars of assets" in deal
Vice President JD Vance denied that Iran will receive "billions of dollars of assets" as part of a the U.S.-Iran deal that was announced Sunday and is set to be signed later this week.
Russian priest known as Putin's "confessor" hit by EU sanctions
Last year, Russia's FSB security service said it thwarted a Ukrainian-ordered plot to kill the priest.
Explore Trump's 3,600 stock trades from the first 3 months of 2026
View the companies and sectors the president's investment accounts bought and sold.
Norway crown princess's son sentenced to 4 years in prison for rape
Marius Borg Hoiby, the eldest son of Norway's Crown Princess Mette-Marit, has been sentenced to four years in prison.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on children using social media that is "designed to be addictive" enacted by early next year.
U.S.
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Why a cosmetics empire co-founder became a Catholic priest
Scott Vincent Borba was an accomplished business leader, making millions after he co-founded e.l.f. Cosmetics. Then he left everything behind to become a Catholic priest.
Skydivers on plane that crashed "didn't have time to jump," witness says
Eleven skydivers and the pilot were killed in a plane crash in Missouri shortly after takeoff on Sunday.
Trump in G7 summit in France as he touts signing of Iran memorandum
President Trump is in France for the annual G7 summit, as the world awaits a signing of a deal with Iran.
Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Hundreds of U.S. cities now have starter homes that cost $1 million
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
MoneyWatch
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Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Hundreds of U.S. cities now have starter homes that cost $1 million
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
Oil prices sink, stocks soar after Trump announces deal with Iran
Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.
Fox to acquire Roku in $22 billion deal
Fox said it will buy Roku for $160 per share in a cash-and-stock deal that it expects to complete in the first half of 2027.
3,600 stock trades in 3 months: Breaking down Trump's flurry of investments
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
Politics
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Trump in G7 summit in France as he touts signing of Iran memorandum
President Trump is in France for the annual G7 summit, as the world awaits a signing of a deal with Iran.
Vance denies that Iran will receive "billions of dollars of assets" in deal
Vice President JD Vance denied that Iran will receive "billions of dollars of assets" as part of the U.S.-Iran deal that was announced Sunday and is set to be signed later this week.
Supreme Court rejects Carter Page's effort to revive suit over FBI surveillance
The Trump administration and Carter Page reached a $1.25 million settlement only of his claims against the federal government in April.
Supreme Court rejects case over school club's "Defund Planned Parenthood" signs
The dispute rejected by the Supreme Court involved the scope of students' free speech rights and schools' ability to restrict expression that could be viewed as reflecting their endorsement.
Supreme Court won't take up 98-year-old judge's bid to hear cases again
Judge Pauline Newman, who served on the U.S. Court of Appeals for the Federal Circuit, has been suspended from hearing cases because of concerns about her fitness to serve.
HealthWatch
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They're uninsured after Obamacare became too costly. They're far from alone.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
Organic formula recalled after 3 babies diagnosed with infant botulism
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
In Japan, life lessons in healthy eating
In the U.S. the percentage of obese adults is about ten times what it is in Japan. What differentiates the Japanese diet, and how are schools making it their mission to give Japanese children a taste of a healthy life?
Her Stage IV cancer had no symptoms. Innovative surgery saved her life.
A chance emergency room visit led to Amy Piccoli's diagnosis with late-stage colorectal cancer.
World
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Russian priest known as Putin's "confessor" hit by EU sanctions
Last year, Russia's FSB security service said it thwarted a Ukrainian-ordered plot to kill the priest.
"Spider-Man" climber dies in 400-foot fall into volcanic crater
A free climber dubbed the "Spider-Man of Yemen" died after falling almost 400 feet into a volcanic crater.
U.S. citizen arrested over alleged child sexual abuse in Colombia
Three children were found by authorities when they entered the suspect's apartment and were taken to a medical center to be evaluated, officials said.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
Norway crown princess's son sentenced to 4 years in prison for rape
Marius Borg Hoiby, the eldest son of Norway's Crown Princess Mette-Marit, has been sentenced to four years in prison.
Entertainment
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Entertainment
Billy Porter on "La Cage Aux Folles"
Billy Porter speaks with "CBS Mornings" about starring in the off-Broadway revival of the musical "La Cage Aux Folles," working with Wayne Brady and recent health issues.
America's Block Party to celebrate July 4th with benefit concert
America's Block Party will celebrate the nation's 250th birthday this Fourth of July with a benefit concert in Los Angeles and events in local communities around the country.
Singer Oliver Tree among 6 killed in helicopter collision over Rio de Janeiro
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
6/14: Sunday Morning
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
Soccer art made from gum wrappers
Artist Lyndon J. Barrois Sr. painstakingly sculpts art depicting soccer players. His medium of choice? The humble chewing gum wrapper. Correspondent Luke Burbank talks with Barrois about his Los Angeles exhibit, "Fútbol Is Life: Animated Sportraits," which captures iconic moments from nearly 100 years of the World Cup in tiny pieces of paper and foil.
Technology
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Technology
Anthropic to meet Trump officials, Axios says
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. announces plan to ban social media for children under 16
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
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.
Prediction market traders face long odds
Prediction market platforms give fans the chance to make money on anything from predicting where Taylor Swift will get married to major sports. But a recent study found the top 1% of traders on Polymarket capture more than three-quarters of all gains. Jo Ling Kent spoke with a prediction market trader who wrote an AI-powered computer program to help him win big.
As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company
SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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U.S. citizen arrested over alleged child sexual abuse in Colombia
Three children were found by authorities when they entered the suspect's apartment and were taken to a medical center to be evaluated, officials said.
Man caught with 150 live venomous scorpions at airport
Police released an image of the venomous scorpions, which appear to be individually wrapped in plastic.
Woman dies after being thrown from bridge without safety cord
In videos of the accident circulating online, two men launch the woman off Skeleton Bridge, while onlookers realize there is no safety mechanism attached.
How an Iowa woman became a key witness in her own murder
The last words spoken by Angela Prichard, 55, an Iowa wife and mother who called 911 to report she was in danger, was the first clue investigators had to identify her killer.
Police dress up as World Cup mascots to carry out drug sting
The officers in mascot costumes used a metal sledgehammer to break down a door to enter with colleagues.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Latest Galleries
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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.
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.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Latest on U.S.-Iran deal
President Trump said Monday that the terms of the U.S.-Iran deal will be released "sometime after Friday" as U.S. officials said the agreement had been signed electronically by both sides. CBS News' Aaron MacLean and Taurean Small have more.
Trump speaks with Zelenskyy, Putin
President Trump spoke separately with Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin on Sunday, while the countries continue trading strikes. CBS News' Leigh Kiniry has more.
ICE agent allegedly hit by car, police say
New Jersey officials are searching for a person who allegedly hit an ICE agent with their car. CBS News' Shanelle Kaul has more.
New York City preapres for Knicks parade
New York City erupted Saturday night after the Knicks beat the San Antonio Spurs in Game 5 of the NBA Finals. Meanwhile, the city is planning a ticker tape parade for Thursday. CBS News' Lilia Luciano has more.
Lionel Messi debuting in 6th World Cup
Lionel Messi is set to make his sixth World Cup appearance on Tuesday as Argentina takes on Algeria. Paul Tenorio, a national soccer reporter for The Athletic, joins with more.