U.S. stock market drops amid coronavirus fears
As Coronavirus cases spread throughout the world, the fear and uncertainty is taking a drastic toll on the financial markets. Meg Oliver reports.
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As Coronavirus cases spread throughout the world, the fear and uncertainty is taking a drastic toll on the financial markets. Meg Oliver reports.
Panic over a coronavirus outbreak could send the stock market into its worst week since the 2008 financial crisis. The Dow Jones industrial average saw its worst one-day point drop in history on Thursday as it lost an entire year’s worth of gains over the course of a week. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss the likely economic fallout.
Coronavirus fears caused stocks to fall for the seventh straight day. Traders blamed the lack of consistent message from the Trump administration. Nikki Battiste reports.
Coronavirus quarantines in China have had a significant impact on the global economy. In Los Angeles, where 40% of all shipped imports enter the country at the U.S.' largest port, traffic is slowing down and affecting job earnings as factory shutdowns are taking a toll on the supply chain. Everything from the automotive industry to the toy industry are taking a hit. Jill Schlesinger joins "CBS This Morning" to explain how U.S. consumers could feel the economic impact of the coronavirus.
The spreading coronavirus outbreak is costing investors trillions. On Wall Street, it was another wild week. Michael George reports.
Fear about the unknowns of coronavirus and other factors sparked a steep plunge on Wall Street Monday morning, triggering a temporary halt in trading. Axios markets reporter Courtenay Brown joins CBSN to explain what's behind the sell-off.
Headlines across the country referred to Monday’s stock market plunge as "Black Monday," one of many ways racism has become entwined in American culture. CBS News contributor Ibram X. Kendi won a national book award for his book tackling America's long history with racism. Kendi is now teaming up with author Jason Reynolds to rework it for a younger audience, "Stamped: Racism, Antiracism, and You: A Remix of the National Book Award-Winning Stamped from the Beginning." The duo joins "CBS This Morning" to preview the book, aimed at readers aged 12 and older.
A plunge on Wall Street triggered a trading halt Thursday morning, in the wake of President Trump's decision to impose a travel ban on most of Europe amid the global coronavirus outbreak. Anthony Mason anchors this CBS News Special Report.
The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days -- its fastest slide since 1931. Greg Ip, the Wall Street Journal's chief economics commentator, said a recession is "likely." He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on "CBS This Morning."
Wall Street halted trading Monday morning for the third time in the past two weeks amid continued alarm about the impact of coronavirus. Anthony Mason anchors a Special Report with reporting from CBS News White House correspondent Weijia Jiang and business analyst Jill Schlessinger.
Stock markets are down again Wednesday morning as fears about the coronavirus have led to investor uncertainty. Melissa Armo, CEO and founder of The Stock Swoosh, joins CBSN to talk about what's been happening.
Four U.S. senators reportedly sold stocks before the coronavirus sent markets plunging. Republican Senator Richard Burr sold up to roughly $1.7 million in mid-February, days after penning an op-ed assuring Americans that the U.S. was prepared to handle the disease. No charges have been filed and there is no evidence any of the four senators had insider information. Nancy Cordes reveals who the other Senators are and breaks down the details surrounding the accusations.
U.S. markets were down Monday morning despite the Federal Reserve announcing unprecedented measures to stabilize the markets. Melissa Armo, C.E.O. and founder of the Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
The Dow Jones Industrial Average dropped again Friday morning after rallying earlier this week. Melissa Armo, C.E.O. and founder of The Stock Swoosh, joined CBSN to talk about what's happening on Wall Street.
The stock market jumped Friday despite the coronavirus pandemic because of optimism about a potential treatment and plans for reopening the country. Yahoo Finance reporter and anchor Akiko Fujita joined CBSN with details.
The Dow has jumped 2.2% on Wednesday, making it the biggest monthly gain since 1987. However, the economy is in a tailspin due to the coronavirus outbreak. Weijia Jiang reports.
Individual investors — many of whom are first-time traders — are taking advantage of the coronavirus stock market turmoil and opening record numbers of online brokerage accounts, according to the Wall Street Journal. Courtney Dominguez, senior wealth advisor at Payne Capital Management, joins CBSN to share some smart investing strategies during uncertain times.
The coronavirus crisis "is hitting the lower 60% of the economy much harder than it's hitting the upper 40% of the economy," market analyst Frances Stacy said.
The markets closed lower on the first day of May, but in April stocks rose even while the economy slowed. Yahoo Finance anchor and reporter Akiko Fujita joined CBSN with the latest on the markets.
Traders are wary of getting stuck owning crude with nowhere to store it, as tanks are nearing storage capacity.
Stocks spiked amid hopes the U.S. economy could reopen and promising early results for a remdesivir drug trial.
Stocks tumbled despite the historic cut of almost 10 million barrels, ushered in through President Donald Trump's efforts.
Lawmaker denies wrongdoing in trades she and her husband, who heads New York Stock Exchange, made before market crash.
The Dow slumped on Friday after U.S. employers cut 701,000 more jobs than they added, the first drop in a decade.
"This is the fastest move in history from an all-time high to a bear market," one finance pro commented.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
The wife of a sergeant first class was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
She is taking a role in the private sector, according to the White House.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14, and mutilating a body.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Air traffic control told the pilots of a flight aborting a landing to turn right, which put them on a potential collision course with another 737 that had been cleared for takeoff from a parallel runway.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Lori Chavez-DeRemer is taking a role in the private sector, according to the White House.
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Democratic Sen. Mark Warner of Virginia announced on Monday that his daughter Madison has died following a lengthy battle with juvenile diabetes and other health issues.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
According to Mexico's security officials, a gunman opened fired at the popular tourist spot, killing a Canadian woman and injuring at least four people.
Less than 48 hours after President Trump said Iran has "agreed to everything," he threatened the whole country would get "blown up" without a deal soon.
Jewish Iranians tell CBS News the war with Israel has brought conflicting emotions, and they wish leaders in both countries would "let us live in peace."
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
Authorities initially said the accident happened while the officers were returning from the drug raids, but the Chihuahua state prosecutor later said the Americans weren't involved in those operations.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Los Angeles prosecutors on Monday charged singer d4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
The Los Angeles County District Attorney's Office is expected on Monday to charge singer-songwriter d4vd with murder, seven months after 14-year-old Celeste Rivas' body was found in a car that he owned. The 21-year-old musician was arrested last week. Matt Gutman reports.
After 15 years, Tim Cook is stepping down as Apple's CEO. Starting in September, Cook will be the executive chairman of Apple's board of directors. New York Times technology correspondent Mike Isaac joins CBS News to discuss.
A new book called "Screen People" argues that's what society has become: a people defined by screens, what we do with those screens and how we present ourselves on those screens. Author Megan Garber joins "The Takeout" to discuss.
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.
Apple CEO Tim Cook will step down in August and become executive chairman of Apple's board.
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Louisiana police say a gunman was targeting his own family when he opened fire over the weekend, killing eight children. CBS News correspondent Jason Allen reports.
According to Mexico's security officials, a gunman opened fired at the popular tourist spot, killing a Canadian woman and injuring at least four people.
Los Angeles prosecutors on Monday charged singer d4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
Police in North Carolina say two teenagers were killed and several others were injured after a shooting on Monday morning near a middle school. CBS News correspondent Shanelle Kaul has more.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
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.
Tony Dokoupil shares his thoughts on the charms of Las Vegas hidden in its inauthenticity.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Beginning on Monday, businesses were able to apply for refunds for President Trump's tariffs that were later declared unconstitutional by the Supreme Court. Jo Ling Kent reports on some of the issues they're running into.
A wildfire in Florida has brought train traffic to a standstill, stranding more than 200 people aboard an Amtrak train for nearly 24 hours. Cristian Benavides spoke with some of the passengers.
The pilots of two Southwest Airlines jets had to scramble to avoid a mid-air collision over the weekend. Kris Van Cleave reports.