Prices may still rise despite tariff reversal
CBS News MoneyWatch correspondent Kelly O'Grady explains the latest change in financial markets after President Trump's tariff pause, plus if consumers should still plan for higher prices.
Tariffs
Behind Trump's decision to pause tariffs
President Trump alluded to changes in the markets while justifying his decision to temporarily pause his tariffs initiative. Rob Schroeder, the Washington bureau chief for MarketWatch, joins CBS News with more.
World markets jump after Trump delays most tariff hikes, but not U.S. futures
Investors on overseas financial markets welcomed President Trump's decision to put most of his his sharp tariff hikes on hold for 90 days.
China says door for tariff talks is open
China's Commerce Ministry says the door is open for talks with the U.S. on tariffs. This comes as President Trump paused his tariffs on most nations, except China. CBS News' Natalie Brand reports.
You had questions about tariffs. Here's what to know.
President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.
Stock market soars after Trump announces pause latest tariffs
The S&P 500, Dow and Nasdaq surged after President Trump said he was freezing his "reciprocal tariffs" for 90 days.
China says it's open to talks as Trump pauses tariffs on other nations
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
Trump's week of comments on tariffs
Take a look back at the comments from President Trump and his administration in the week between his announcement of "Liberation Day" tariffs and his decision Wednesday to pause them for most countries.
Americans ask about Trump's tariffs
CBS News journalists asked Americans around the U.S. about their biggest tariff-related questions. CBS News' Jill Schlesinger and Kelly O'Grady have answers.
Why tariffs could spell trouble for port workers
President Trump's temporary pause on his reciprocal tariffs may have boosted Wall Street, but with other import taxes still in play, uncertainty remains -- particularly for workers who would be directly impacted by a slowdown in imported goods. Tom Hanson reports.
Money experts give their advice
Is there any good news that have come from the implemented tariffs? CBS News' Jill Schlesinger and Kelly O'Grady give their thoughts and advice on how to respond to President Trump's tariffs.
What's next for global trade after tariff pause
President Trump has paused nearly all of his reciprocal tariffs. The early-afternoon news sent the stock market soaring, gaining back much of the ground it lost since the president first unveiled his tariffs last week. But some tariffs remain in place, including a now 125% tariff on China. David Wessel, senior fellow of economic studies at the Brookings Institute, joins to discuss.
Trump pauses most new tariffs for 90 days, increases China tariffs to 125%
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
Why Trump paused reciprocal tariffs
What was behind President Trump's abrupt turnaround on tariffs? Margaret Brennan has been working her sources.
Wall Street soars after Trump's tariff pause
President Trump announced a 90-day pause on most of his new tariffs, sending the U.S. stock market surging. At the same time, the president said he's increasing the tariff rate on goods imported from China to 125%. Ed O'Keefe and Anna Coren have details.
John Kasich on faith, Trump and state of GOP
Years after losing to Donald Trump in the 2016 Republican primary, former Ohio Gov. John Kasich remains a critic of the president. Kasich joins "America Decides" to discuss his new book, "Heaven Help Us," and to unpack the first months of Mr. Trump's second term.
Answering your questions about tariffs
President Trump's tariffs on China are up to 125%. Meanwhile, President Trump announced that most "reciprocal" tariffs are paused for 90 days. CBS News' Jill Schlesinger and Kelly O'Grady answer viewers' questions about how tariffs will impact them.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
What to know about the Trump tariffs so far
The tariff announcements and policy updates out of the White House have been changing rapidly. CBS News MoneyWatch correspondent Kelly O'Grady gives an overview. And one of the biggest beneficiaries of the "reciprocal" tariffs may be the U.S. resale market. Poshmark CEO Manish Chandra joins "The Daily Report" to discuss. Then, CBS News' O'Grady and Jill Schlesinger answer your questions.
Why Trump paused tariffs for most nations?
Since the Trump administration announced sweeping new tariffs, there's been mixed messaging from the White House. President Trump announced Wednesday that higher levies on the vast majority of America's trading partners will be paused for 90 days. CBS News' Weijia Jiang, Jill Schlesinger and Kelly O'Grady report and answer viewer questions.
Crockett: "Huge mistake" to cede tariff power
President Trump announced Wednesday that he's pausing tariffs on many countries for 90 days while raising tariffs on China to 125%. Democratic Rep. Jasmine Crockett of Texas joins "America Decides" with her reaction.
Trump working to win over GOP budget holdouts
President Trump is working to win over House Republican holdouts on the party's budget plan. At a fundraiser Tuesday night, the president told them to "close your eyes and get there." CBS News congressional correspondent Nikole Killion reports.
Why did Trump reverse course on tariffs?
China, the world's second-largest economy, was the only country not included in President Trump's 90-day tariff pause on Wednesday. CBS News political director Fin Gómez is tracking the tariff response inside the West Wing.
Trump shifts focus to China in tariff fight
President Trump announced a 90-day pause on his reciprocal tariffs on Wednesday, with most nations getting a break except China, which is now facing a 125% levy. CBS News business analyst Jill Schlesinger has more.
Economists on Trump's tariffs pause
President Trump walked back his "reciprocal" tariffs Wednesday, announcing that higher levies on most nations will be put on pause for 90 days. Gene Sperling is the former director of the National Economic Council and assistant to the president for economic policy under former Presidents Bill Clinton and Barack Obama and was a senior adviser to former President Biden. Vance Ginn was the chief economist for the White House's Office of Management and Budget during President Trump's first term. They join "The Daily Report" with analysis.
Live
U.S., Iran have agreed to broad principles of deal, Trump official says
There is broad commitment on the principles of a deal, a senior Trump administration official said, and the administration feels positive about where things stand.
Alleged gunman outside White House had run-ins with Secret Service, sources say
Sources identified the 21-year-old suspect as Nasire Best of Dundalk, Maryland, and documents obtained by CBS News show Best previously blocked a White House entry lane in June 2025.
Exclusive
Iran's supreme leader is holed up in undisclosed location, U.S. intel says
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
Efforts to stop California chemical leak on "new trajectory," officials say
Southern California officials are desperately searching for a safe resolution to a leaking toxic chemical tank at an aerospace facility.
Video shows infant being rescued from car trapped in Texas floodwaters
First responders rescued an infant from a car that became trapped in floodwaters in southern Texas on Saturday, video shows.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
How the "Payam Method" keeps the joy in learning piano
From improvising classical music to playing songs students like, the approach by Payam Music focuses on student enjoyment while learning piano.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Shark kills spearfisher in front of friends: "Terrifying thing to see"
A spearfisher was killed on the Great Barrier Reef on Sunday in Australia's second fatal shark attack in just over a week, police said.
U.S.
More U.S.
Alleged gunman outside White House had run-ins with Secret Service, sources say
Sources identified the 21-year-old suspect as Nasire Best of Dundalk, Maryland, and documents obtained by CBS News show Best previously blocked a White House entry lane in June 2025.
Full transcript of "Face the Nation with Margaret Brennan," May 24, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Kevin Hassett, White House National Economic Council director, and Sen. Chris Van Hollen, Democrat of Maryland, join Nancy Cordes.
Video shows infant being rescued from car trapped in Texas floodwaters
First responders rescued an infant from a car that became trapped in floodwaters in southern Texas on Saturday, video shows.
Celebrating most prestigious, and junkers, of automobile world
In California, the Pebble Beach Concours d'Elegance is widely considered the most prestigious car show in the world. But just a few miles away, the Concours d'Lemons celebrates the junkers of the automotive world.
Douglas McCain, the eldest son of Sen. John McCain, dies at 66
Douglas McCain, the eldest son of the late Sen. John McCain, has died, his family announced. He was 66.
MoneyWatch
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AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
This factor may determine whether you get rich. You don't control it.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Politics
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Exclusive
Iran's supreme leader is holed up in undisclosed location, U.S. intel says
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
Full transcript of "Face the Nation with Margaret Brennan," May 24, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Kevin Hassett, White House National Economic Council director, and Sen. Chris Van Hollen, Democrat of Maryland, join Nancy Cordes.
Transcript: Sen. Chris Van Hollen on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Sen. Chris Van Hollen, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Kevin Hassett, director of the White House National Economic Council, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Transcript: Dr. Deborah Birx on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Dr. Deborah Birx that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about California chemical tank set to explode or leak
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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Exclusive
Iran's supreme leader is holed up in undisclosed location, U.S. intel says
Officials at the highest levels of the Iranian government say they don't know where Mojtaba Khamenei is and have no way to contact him directly, relying instead on a network of couriers.
Shark kills spearfisher in front of friends: "Terrifying thing to see"
A spearfisher was killed on the Great Barrier Reef on Sunday in Australia's second fatal shark attack in just over a week, police said.
Transcript: Sen. Chris Van Hollen on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Sen. Chris Van Hollen, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 24, 2026
The following is the transcript of the interview with Kevin Hassett, director of the White House National Economic Council, that aired on "Face the Nation with Margaret Brennan" on May 24, 2026.
Entertainment
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Entertainment
Extended interview: Patti LaBelle
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
5/24: Sunday Morning
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Patti LaBelle on being called a legend: "I have earned it"
Patti LaBelle said she's "having fun living it down" as the legendary singer marks her 82nd birthday.
The legendary Patti LaBelle
Legendary singer Patti LaBelle has been performing for six decades. Correspondent Tracy Smith talks with LaBelle at her hometown of Philadelphia as she marks her 82nd birthday.
John McWhorter on being "strange," Fats Waller's lost Broadway musical
John McWhorter talks about his book, "Losing the Race: Self-Sabotage in Black America," published in 2000, along with one of his latest projects.
Technology
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CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
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.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Why Google's Gemini Spark AI agent could be a game changer
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Science
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Science
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
Crime
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Crime
New details on Saturday's White House shooting
The alleged gunman in Saturday's shooting at the White House had tried to gain access to the White House last year. Natalie Brand reports.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
Possible shots heard from White House
Several shots were heard from the White House property on Saturday. Aaron Navarro reports from the location after Secret Service told him to get down immediately.
Ivey and Ellison on 6 years since Floyd murder
Six years after his murder in Minneapolis, and despite passing the House twice, the George Floyd Justice in Policing Act remains stalled in the Senate. Some lawmakers are hoping to change that. Democratic Rep. Glenn Ivey of Maryland and Minnesota Attorney General Keith Ellison join to reflect on the state of police reform.
Mosque attack was streamed online
The deadly attack at the Islamic Center of San Diego was streamed online, and at least three people watched as two teenagers attacked the facility filled with young students, CBS News' Anna Schecter reports.
Space
More Space
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
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Notable Deaths in 2026
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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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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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5/24/2026: Booms, Busts and Bubbles; Sculpting Evolution; The Payam Method
First, examining lessons from the Wall Street crash of 1929. Then, a report on mouse DNA and the fight against Lyme disease. And, inside the "Payam Method" for learning piano.
5/24: CBS Weekend News
Crack in California chemical tank a positive sign, but explosion fears remain; details emerging on potential U.S.-Iran peace deal.
Living with coyotes
Once found only in parts of the West and Southwest, coyotes have dramatically expanded their range, and are now found in every state except Hawaii. Conor Knighton looks at how these animals have become part of the urban landscape in places like Chicago, and what roles they play — in history, in Native American stories, in art and in today's urban and suburban ecosystems.
New York's Trail of the Fallen
Charlie D'Agata reports on the trail just south of West Point Military Academy that honors America's fallen patriots.
Summer kicks off with gas and grocery costs up
Americans are now paying 20% more for food than four years ago. Inflation rose nearly 1% this month, mainly due to higher gas prices. Shanelle Kaul reports.