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Open: "Face the Nation," May 3, 2026

This week on "Face the Nation with Margaret Brennan," as gas prices skyrocket and Spirit Airlines shuts down, White House National Economic Council Director Kevin Hassett and Minneapolis Fed president and CEO Neel Kashkari join. Plus, Sen. Raphael Warnock.
May 3 (01:51)

TRANSCRIPT FOR: “OPEN: THIS IS "FACE THE NATION WITH MARGARET BRENNAN," MAY 3, 2026”

MARGARET BRENNAN:
00:00:46

But with the conflict in Iran stalled, as well as the ships in the Strait of Hormuz, gas prices have skyrocketed, up $0.40 a gallon in the US just in the last week. The president promises they'll come down, and says, look on the bright side. The stock market is rocking and rolling. Your 401(k)s are at the highest they've ever been.

MARGARET BRENNAN:
00:01:06

We'll take a deep dive on the state of the economy with White House National Economic Council Director Kevin Hassett, the head of the Minneapolis Federal Reserve, Neel Kashkari, and the Chairman and CEO of Chevron, Mike Worth. Then, President Trump tells Congress the war with Iran has been terminated. We'll talk to Colorado Democrat Jason Crow, and we'll assess the impact of the Supreme Court's decision to limit the scope part of the Voting Rights Act with Georgia Democratic Senator Raphael Warnock. It's all just ahead on Face the Nation. [THEME MUSIC]

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