Consumer Price Index rose 6.5%
Consumer Price Index rose 6.5% in the month of December. Javier David, managing editor of business and markets at Axios, joins CBS News with the significance of this report and overall health of the economy.
Axios
MoneyWatch: Financial predictions for 2023
2022 was the U.S. stock market's worst year since 2008. Javier David, the managing editor of business and markets for Axios and a CBS News contributor, joins us to breaks dow the challenges facing Wall Street and the risk of a recession in the new year.
Analyzing inflation, stocks, cryptocurrency
According to the Bureau of Labor Statistics' Producer Price Index that was released today, the prices of wholesale goods in the U.S. rose 0.3% for the month of November. Meanwhile, investors are trying to remain optimistic about the stock market heading into 2023. CBS News contributor and Axios managing editor of business and markets Javier David joins us to discuss.
VP's husband focuses on combating antisemitism
Second gentleman Doug Emhoff will be hosting a roundtable discussion with Jewish leaders and White House officials Wednesday on the rise of antisemitism in the U.S. It comes amid a surge in hate speech against Jews from prominent people. Sophia Cai, a national politics reporter for Axios, joined CBS News to discuss.
Jobless claims hit highest level since August
The number of first-time unemployment claims filed last week rose to the highest level since August, with 240,000 new applicants, according to numbers from the U.S. Labor Department. Javier David, managing editor of business and markets for Axios, discusses what the uptick could be saying about the state of the economy.
House GOP could threaten Biden's agenda
Republican Congressman Kevin McCarthy, who is expected to become the next House speaker, is signaling plans for multiple investigations into the Biden administration once the GOP has the majority in the House. Axios national politics reporter Sophia Cai joins CBS News to discuss what the next two years in Congress could look like.
Pelosi speaks at COP27 climate summit
House Speaker Nancy Pelosi is one of several U.S. representatives attending the United Nation's COP27 climate summit in Egypt. She spoke on Thursday about America's plan to battle climate change. CBS News anchors Lana Zak and Errol Barnett spoke with Axios Climate Reporter Andrew Freedman about what U.S. lawmakers are doing.
U.S. consumer prices rose
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Stock market responds to midterm elections
The stock market has dipped as midterm election results are released amid continued political uncertainty. Javier David, managing editor of business and markets for Axios, discusses initial market reaction and the relationship between the financial markets and election results.
Twitter sees mass layoffs following Musk takeover
Layoffs began at Twitter just days after Elon Musk took control of the social media giant. Hope King, a business reporter for Axios, spoke to CBS News about the latest developments.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Jobs report shows stronger growth
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
Why fears of a recession could lead to one
Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse.
MoneyWatch: Paper coupons on the decline
Lack of availability and convenience are causing many customers to turn away from using physical coupons when they shop for groceries, despite rising prices on consumer goods. Axios Senior News Reporter Kelly Tyko shares her advice for saving money without coupons and how to best use digital options on "CBS News Mornings."
Firearms were leading cause of death for kids
New data from the CDC shows firearm deaths were the leading cause of death for children for the first time in 2020. Caitlin Owens, health care reporter at Axios, joins CBS News to breakdown the report.
MoneyWatch: Is Elon Musk trolling Twitter?
Elon Musk has shared online that his deal to buy Twitter is "on hold." The social media giant's stock price has fluctuated in response to the changing news. Axios media reporter Sara Fischer joined "CBS News Mornings" to discuss.
MoneyWatch: China's growing billionaires club
The Dow Jones closed down by nearly 1.5% Wednesday as oil prices climbed during the day, while China's stock markets are slowly recovering after tanking earlier this month. Axios business reporter Hope King joins CBS News to discuss today's market drivers and how China is still producing the world's most billionaires despite its nationwide COVID lockdowns and economic struggles.
Examining the cryptocurrency loophole
The U.S. Treasury Department says cryptocurrencies "urgently" need regulations like those overseeing banks and other financial institutions. Axios chief financial correspondent Felix Salmon joins CBSN to discuss the digital currency loophole.
Women turn to gig work in pandemic
After women found their jobs hit particularly hard by the pandemic, many have turned to app-based delivery work to start earning paychecks again. Axios business reporter Erica Pandey joins CBSN AM to talk more about the trend.
Trump's case vs. Facebook, Twitter, YouTube
Former President Donald Trump is suing Facebook, Twitter and YouTube over his suspended accounts. He claims the bans are a form of censorship and violate his free speech rights. Axios media reporter Sara Fischer joined "CBSN AM" with what scholars and those who study the law are saying about the strength and intent of these lawsuits.
Some states try to limit teaching of critical race theory in public schools
More than 20 states have introduced legislation that would limit teaching critical race theory in their public schools. Five states have already moved to ban educators from teaching it, including Florida and Tennessee. Russell Contreras, who covers race and justice for Axios, joins CBSN's "Red & Blue" host Elaine Quijano to discuss why the teaching concept has become so divisive.
GOP takes aim at "critical race theory"
GOP lawmakers are working to impose restrictions on the way schools teach about race and racism in the U.S. Axios race and justice reporter Russell Contreras spoke with CBSN's Anne-Marie Green and Vladimir Duthiers about what's driving this push at the state and federal levels.
How deceptive memes spread misinformation
False and dangerous information about the coronavirus pandemic and politics continues to spread online, and memes are often the vehicle of choice for misinformation on social media. Axios media reporter Sara Fischer joins CBSN to discuss why memes pose a significant threat and what users can do about it.
What's going on at the Lincoln Project?
After raising $90 million in the 2020 election cycle, the anti-Trump political action committee known as the Lincoln Project has been coming apart at the seams in recent weeks. Axios political reporter Lachlan Markay joins CBSN's "Red & Blue" host Elaine Quijano to discuss the investigations into the group's finances and founders.
Several aid programs to expire soon
As Congress remains at a stalemate over a COVID-19 relief bill, several federal aid programs are set to expire at the end of the month. This could potentially affect millions of Americans. Axios' Courtenay Brown joins CBSN with a closer look.
Judge allows government to continue effort to deport Mahmoud Khalil
Mahmoud Khalil, who led protests at Columbia University against Israel, appeared in immigration court in Louisiana Friday.
FDA to replace laid-off employees with contractors, sources say
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
U.S. intelligence report favors incumbent Ecuadorian president in election
Ahead of the Ecuadorian presidential elections Sunday, CBS News has learned a U.S. intel assessment favors the incumbent president, viewing him as better for U.S. interests.
Judge says DOJ didn't comply with order on man deported to El Salvador
The Supreme Court ruled Thursday the U.S. must facilitate the release of Kilmar Abrego Garcia, who was mistakenly deported to El Salvador and imprisoned.
Boca Raton small plane crash kills 3 and injures 1, authorities say
A Cessna 310 carrying three people departed Boca Raton and was bound for Tallahassee before it crashed, the FAA said.
South Carolina executes second man by firing squad in 5 weeks
Mikal Mahdi, 42, chose to die by three bullets to the heart instead of lethal injection or the electric chair.
Trump administration vows release of RFK assassination files within days
The Trump administration could release files on the assassination of Robert F. Kennedy — the U.S. health secretary's father — within days, after decades of public fascination about the killing.
Trump visits Walter Reed for annual physical exam
The White House said a summary of the results of President Trump's physical will be released.
Former top FDA official warns RFK Jr. against giving "false hope" on autism
"You can be incredibly supportive of people, but giving them false hope is wrong," said Dr. Peter Marks.
U.S.
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U.S. intelligence report favors incumbent Ecuadorian president in election
Ahead of the Ecuadorian presidential elections Sunday, CBS News has learned a U.S. intel assessment favors the incumbent president, viewing him as better for U.S. interests.
Trump authorizes military to take control of public land along souther border
President Trump justified the use of the military by saying the United States is "under attack from a variety of threats."
FDA to replace laid-off employees with contractors, sources say
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
South Carolina executes second man by firing squad in 5 weeks
Mikal Mahdi, 42, chose to die by three bullets to the heart instead of lethal injection or the electric chair.
Los Angeles-area residents crowdsource wildfire contamination data
Some people whose homes survived the Eaton wildfire in January are struggling to convince their insurers to test their properties for safety.
MoneyWatch
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Los Angeles-area residents crowdsource wildfire contamination data
Some people whose homes survived the Eaton wildfire in January are struggling to convince their insurers to test their properties for safety.
U.S. consumer sentiment plunges in April as trade war fuels anxiety
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Jamie Dimon says U.S. economy faces "considerable turbulence"
JPMorgan CEO Jamie Dimon warns that tariffs are likely to boost inflation, while urging the Trump administration to strike trade deals.
Stocks cap manic week with best performance since November 2023
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
Egg prices aren't stopping families from dyeing eggs, an Easter tradition
Some families, however, may be looking at alternatives after the average cost of a dozen eggs climbed to a record high of $6.23 in March, according to the Bureau of Labor Statistics.
Politics
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Trump administration vows release of RFK assassination files within days
The Trump administration could release files on the assassination of Robert F. Kennedy — the U.S. health secretary's father — within days, after decades of public fascination about the killing.
U.S. intelligence report favors incumbent Ecuadorian president in election
Ahead of the Ecuadorian presidential elections Sunday, CBS News has learned a U.S. intel assessment favors the incumbent president, viewing him as better for U.S. interests.
Trump authorizes military to take control of public land along souther border
President Trump justified the use of the military by saying the United States is "under attack from a variety of threats."
FDA to replace laid-off employees with contractors, sources say
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
NOAA could face 25% budget cut, slashing climate research, in draft proposal
An internal government document proposes significant changes for the National Oceanic and Atmospheric Administration, hitting its research functions hardest.
HealthWatch
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FDA to replace laid-off employees with contractors, sources say
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
Woman believed to be the only person with unnamed genetic disorder
Enriquez lives with chronic kidney disease, neurofibromatosis, which causes tumors to form, scoliosis and Raynaud's phenomenon, causing temporary spasms of blood vessels. On top of all that, she has an unnamed genetic disorder,
Former top FDA official warns RFK Jr. against giving "false hope" on autism
"You can be incredibly supportive of people, but giving them false hope is wrong," said Dr. Peter Marks.
Weekly measles cases top 90 in U.S. for first time in years
Arkansas, Hawaii and Indiana have joined a list of two dozen states with confirmed measles cases.
CDC denies help for lead poisoning in Milwaukee schools due to layoffs
The CDC rejected a request for help "due to the complete loss" of their lead poisoning experts.
World
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Penguin in cardboard box led to South Africa helicopter crash, report says
The pilot and three passengers aboard the helicopter, as well as the penguin, were uninjured, according to an incident report.
U.S. fugitive allegedly kills Mexican officer who led "Gringo Hunters" unit
Authorities said the police unit was trying to arrest a suspect in Tijuana when the man opened fire, hitting and killing 33-year-old Abigail Esparza Reyes.
Pastor abducted at gunpoint while delivering sermon
Pastor Josh Sullivan was holding a prayer meeting with about 30 people, including his wife and six children, when the gunmen entered the church, his colleague said.
Iran says it is seeking "real and fair" agreement in nuclear talks
In the lead-up to talks this weekend, President Trump reiterated his warning that military action was "absolutely" possible if talks failed.
Space Force commander in Greenland fired after Vance visit
The commander of a U.S. military base in Greenland was ousted due to "loss of confidence in her ability to lead."
Entertainment
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Can climate change really create zombie fungi, like in "The Last of Us"?
As the HBO series "The Last of Us" returns, fans wonder: How much of the chilling storyline about a fungal zombie pandemic is rooted in reality?
"Grey's Anatomy" star Eric Dane reveals he's been diagnosed with ALS
"Grey's Anatomy" and "Euphoria" star Eric Dane said he is still able to work and will return to the HBO drama.
Sony wins distribution rights to "Wheel of Fortune," "Jeopardy!"
A Los Angeles court ruled that Sony may take over distribution of "Wheel of Fortune" and "Jeopardy!" which it produces, from CBS.
Yvonne Strahovski teases what's next in final season of "The Handmaid's Tale"
Yvonne Strahovski, who plays Serena Joy Waterford, says the final season of "The Handmaid's Tale" delivers the long-awaited rebellion.
Yvonne Strahovski on "The Handmaid's Tale"
Yvonne Strahovski joins "CBS Mornings Plus" to discuss the final season of the Emmy-winning series "The Handmaid's Tale" and what fans can expect from her character's complicated journey.
Technology
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Technology
iPhones likely to cost more amid tariffs
President Trump's tariffs on China could make Apple iPhones more expensive. China announced Friday it's raising tariffs on U.S. goods to 125% after Mr. Trump increased reciprocal tariffs on some Chinese products to 145%. Yahoo Finance senior tech reporter Yasmin Khorram reports.
Apple airlifts iPhones out of India to avoid Trump tariffs, report says
Apple's move to avoid China tariffs had been in the works for months, according to report citing Indian government officials.
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.
Meta whistleblower: Facebook worked with Chinese government to censor posts
Meta whistleblower Sarah Wynn-Williams testified Wednesday afternoon before the Senate Judiciary Subcommittee on Crime and Counterterrorism.
How AI is trained not to spread abuse
New documents obtained by Business Insider show how companies are testing artificial intelligence models to prevent the spread of extreme information about abusive topics. Effie Webb, a tech news fellow at Business Insider, joins CBS News with more.
Science
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Can climate change really create zombie fungi, like in "The Last of Us"?
As the HBO series "The Last of Us" returns, fans wonder: How much of the chilling storyline about a fungal zombie pandemic is rooted in reality?
NOAA could face 25% budget cut, slashing climate research, in draft proposal
An internal government document proposes significant changes for the National Oceanic and Atmospheric Administration, hitting its research functions hardest.
Ancient jawbone found in sea linked to mysterious human ancestors
Relatively little is known about Denisovans, an extinct group of human cousins that interacted with Neanderthals and Homo sapiens.
Scientists map part of a mouse's brain that's so complex it looks like a galaxy
Thanks to a mouse watching clips from "The Matrix," scientists have created the largest functional map of a brain to date.
Ancient altar found in jungle apparently used for child sacrifices
The discovery shows the cultural interaction between the Maya of Tikal and Teotihuacan's elite between 300 and 500 A.D., archaeologists said.
Crime
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Maryland law school reflects on Freddie Gray's death, looks at what work still needs to be done
It's almost been ten years since Freddie Gray died, and an event in downtown Baltimore Friday aimed to not only remember him but also remember what needs to be done when it comes to ensuring fair policing.
Convicted killer mistakenly released from jail is caught 2 weeks later
Kathan Guzman was mistakenly released from a jail in Clayton County, Georgia, officials said. He was arrested in Florida.
Monica Sementilli found guilty of murder in plot to kill prominent LA hairdresser
The 10-man, two-woman jury began deliberations in Monica Sementilli's trial on Wednesday, and by Friday morning, the guilty verdict was announced.
Menendez brothers resentencing hearing
The Menendez brothers are awaiting a court hearing in California that could determine their chance at resentencing. This comes as the new Los Angeles county district attorney appears to signal he opposes a change in their conviction. CBS News' Carter Evans reports.
U.S. fugitive allegedly kills Mexican officer who led "Gringo Hunters" unit
Authorities said the police unit was trying to arrest a suspect in Tijuana when the man opened fire, hitting and killing 33-year-old Abigail Esparza Reyes.
Space
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Space
Gayle King prepares for Blue Origin space flight
CBS Mornings host Gayle King is preparing to blast off into space Monday on board a historic all-female Blue Origin space flight. CBS News senior national correspondent Mark Strassman reports.
Space tourism is establishing a new frontier in travel
Private companies have launched nearly 120 civilians to the edge of space.
Gayle King hopes to inspire others with historic flight to space
"CBS Mornings" co-host Gayle King spoke about the opportunity to travel to space, the support she's received and the message she hopes to send to others.
Meet the Blue Origin crew Gayle King is joining on trip to space
Here's a look at the women expected to join Blue Origin's upcoming mission, which has a target launch date of Monday, April 14, and what they have to say about the epic journey.
NASA nominee testifies on plans for moon mission, Mars
Jared Isaacman, President Trump's nominee to lead NASA, tells lawmakers the space agency can return astronauts to the moon while pursuing flights to Mars.
Latest Galleries
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"Hands Off!": Americans across country protest Trump, Musk
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Latest CBS News Videos
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Latest CBS News Videos
Eye on America: Inside America’s boba boom
In California, we look into the rapidly growing demand for the beloved Taiwanese drink boba in the U.S. Then, we tour a new exhibition that’s celebrating the history and cultural significance of the lowrider. Watch these stories and more on Eye on America with host Michelle Miller.
Reporter's Notebook: Why economic vibes matter
The economy's vibes are off, according to American consumers. "CBS Evening News" co-anchor John Dickerson explains.
"The Carters: Hurts to Love You" | Trailer
A new two-part documentary, "The Carters: Hurts to Love You," gives you a raw look at the famous Carter family, their success and struggles with being in the spotlight. Stream the episodes on Tuesday, April 15, only on Paramount+.
Why states turning to uncommon execution methods
More states are struggling to obtain the more common lethal injection drugs. Meanwhile, the Trump administration is moving to restart federal death row executions. Robin Maher, executive director of the nonprofit Death Penalty Information Center, joins to discuss.
What to know about pilot in helicopter crash
The National Transportation Safety Board is just beginning its investigation into a helicopter crash in the Hudson River that killed everyone on board. Nikki Battiste has the latest.