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Supply Chain

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Supply chain slowdown affects holiday gifts

Supply chain disruptions stretch from China's factories to containers sitting on ships in the ports of Los Angeles and Long Beach, where they're waiting to be unloaded. Once the containers are brought ashore in the West, there aren't enough trucks or drivers to transport them to warehouses and stores across the country. CBS News correspondents Ramy Inocencio in China and Carter Evans in Los Angeles examine the slowdown and what's next.

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Omicron surge adds complications to U.S. economy

The spread of the Omicron variant is causing an additional complication to the U.S. economy, which is already struggling with high inflation and a supply chain crisis. And data shows nearly 9 million Americans were out of work in January because they were caring for someone with COVID-19 or being ill with the virus themselves. Joshua Hausman, associate professor of public policy and economics at the University Of Michigan and research associate at the National Bureau Of Economic Research, joins CBSN's Lana Zak with more.

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