Sen. Warren warns Trump against firing Powell
President Trump lashed out at Federal Reserve Chair Jerome Powell in a social media post on Thursday, saying his termination "cannot come fast enough." CBS News' Fin Gómez and Kelly O'Grady report.
Inflation
Grocery prices continue to rise, but increases vary from city to city
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Mar 13: CBS News 24/7, 1pm ET
Trump threatens 200% tariff on EU alcohol in response to American whiskey tariff; Protesters arrested after storming Trump Tower over arrest of Mahmoud Khalil.
Powell's comments spark stock market sell-off
It was another volatile day on Wall Street after comments from Federal Reserve Chair Jerome Powell, who spoke at the Economic Club of Chicago. Kelly O'Grady explains.
Fed chair warns tariffs could cause inflation
Stocks fell sharply on Wednesday due in part to tariff concerns. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Federal Reserve Chair Jerome Powell's warning about tariffs.
Mar 12: CBS News 24/7, 1pm ET
Trump's 25% tariffs on steel and aluminum take effect, prompting EU and Canada to retaliate; NASA set to bring astronauts home after eight-day mission turned into nine months.
Mar 12: CBS News 24/7, 10am ET
Inflation rate hits 2.8% in February, less than expected; SpaceX Crew 10 mission set for launch, could pave way for return of Starliner astronauts.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
White House defends Trump's tariff strategy
The U.S. and China are refusing to back down as the world's largest economies ramp up trade tensions. China announced Friday that it would raise its retaliatory tariffs on American goods to 125%. The move comes after the Trump administration raised import taxes on some Chinese goods to 145%. CBS News' J.D. Durkin, Willie James Inman and BBC reporter Nick Marsh have the details.
Stocks close up on hopes of tariff deals
After a tumultuous week, the Dow Jones closed more than 600 points up on Friday as investors expressed hope that countries would reach deals with President Trump on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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.
Egg prices reach record high before Easter
The average cost of a dozen eggs rose to a record $6.23 in March, according to the Bureau of Labor Statistics. The price hike comes right before the Easter holiday, when American families take part in the egg-dyeing tradition. CBS News' Michael George reports on some creative takes to beat inflation prices for the holiday.
Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
San Antonio mayor on Trump's tariffs
Some of America's biggest cities that export goods to neighboring countries, like Mexico and Canada, are concerned about what President Trump's new tariffs mean for their local economies. San Antonio Mayor Ron Nirenberg joins "The Daily Report" to discuss.
Trump acknowledges tariff "transition cost"
The stock market slid Thursday, even as the White House said dozens of countries were coming to the table to talk about tariffs. President Trump acknowledged that there would be what he calls "transition problems" with his economic policies. CBS News' Kelly O'Grady and Willie James Inman report.
USPS looks to raise price of "forever" stamp to 78 cents
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
Trump touts new inflation data
New Consumer Price Index inflation data shows a slight cooling in March but experts say the numbers may not depict the impact of President Trump's latest tariff moves. CBS MoneyWatch correspondent Kelly O'Grady 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.
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.
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.
Abigail Spanberger talks gubernatorial race
Virginia voters are seven months away from electing their next governor in a race that's already seen record-breaking fundraising. Democratic candidate Abigail Spanberger joins "America Decides" to discuss the historic race between her and the commonwealth's lieutenant governor.
How tariffs could affect grocery prices
Americans' grocery bills could be higher due to President Trump's tariffs. Supermarketguru.com editor Phil Lempert joins CBS News to discuss how tariffs will "change what we buy."
Bondi scraps limits on cooperation between D.C. police and immigration agents
The move amounts to a sweeping reversal of "sanctuary" policies in the nation's capital.
Kremlin gives details about Trump-Putin summit as Europe braces
British Prime Minister Keir Starmer welcomed Ukrainian President Volodymyr Zelenskyy to London, a day before a critical U.S.-Russia summit in Alaska.
California Gov. Newsom announces redistricting effort to counter Texas GOP
As Texas hurtles toward a flashpoint on a GOP effort to redraw congressional districts, California Democrats are answering with a plan of their own.
Tropical Storm Erin on verge of becoming Atlantic season's first hurricane
Tropical Storm Erin was on the verge of becoming the Atlantic season's first hurricane early Friday.
Talks on landmark plastic pollution treaty end without an agreement
Negotiators working on a landmark treaty to address the global crisis of plastic pollution failed to reach an agreement during talks that extended into Friday in Geneva.
Judge blocks Trump administration guidance targeting DEI programs in schools
In her ruling, U.S. District Judge Stephanie Gallagher found that the Education Department violated the law when it threatened to cut federal funding from educational institutions that continued with DEI initiatives.
Border Patrol agents show up outside Newsom's redistricting news conference
A group of masked U.S. Border Patrol agents showed up in trucks outside of the press conference at the Japanese American National Museum.
Costco says it won't sell mifepristone abortion pill
Costco said it won't stock mifepristone after coming under pressure from conservative investors, activists.
As Social Security turns 90, its problems are only mounting with age
As Social Security celebrates its 90th anniversary today, concerns are growing over its funding and recent staffing cuts.