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Stocks plunged for a second day on Friday following President Trump's tariff announcement, with the Dow Jones down 2,200 points and the S&P 500 and Nasdaq seeing the worst back-to-back drops since 2020. CBS News' Kelly O'Grady and Fin Gómez have more.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Wall Street took another dive on Friday as the fallout from President Trump's steep tariffs continued. CBS News' John Dickerson anchors a special report.
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.
Federal Reserve Chair Jerome Powell said higher inflation and slower growth are more likely as more details emerge about President Trump's tariffs. CBS News contributor Javier E. David has more.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
After much anticipation and intrigue, President Trump has finally unveiled his plan for sweeping reciprocal tariffs. He announced that goods from every nation the U.S. trades with will be subject to import taxes. He and his supporters argue the move will help bring manufacturing back to the U.S. CBS News' Kelly O'Grady, Olivia Rinaldi, Caitlin Huey-Burns and Lana Zak break it all down.
One of President Trump's biggest topics on the campaign trail was the economy, but economists worry about the effects of his latest round of tariffs. CBS News executive director of elections and surveys Anthony Salvanto has a look at how Americans are feeling so far about Mr. Trump and the economy.
President Trump promised to bring down prices on the campaign trail, but economists say his tariffs could raise them. Political strategists Joel Payne and Kevin Sheridan join "America Decides" to examine the potential political ramifications.
President Trump declared a national emergency on Wednesday, giving him the power to regulate imports and impose a baseline tariff of 10% on all countries with specific reciprocal tariffs on what he calls the "worst offenders." CBS News' Weijia Jiang and Jo Ling Kent have more.
President Trump unveiled sweeping new global tariffs Wednesday despite warnings from economists that the move could cause prices to rise across the U.S. Nancy Cook, senior national political correspondent for Bloomberg News, and Courtenay Brown, economics reporter for Axios, join "America Decides" to discuss.
President Trump announced on Wednesday a 10% tariff on all countries and additional reciprocal tariffs on the "worst offenders." CBS News' Weijia Jiang, Kelly O'Grady, Jo Ling Kent and Margaret Brennan break down the unveiling and its likely impact.
Hooters is the latest casual restaurant chain to file for bankruptcy. Inflation has Americans changing their dining habits. Kelly O'Grady explains.
President Trump is set to unveil his long-awaited plan for broad reciprocal tariffs against other nations on Tuesday, but details on them are still slim. CBS News' Olivia Rinaldi and Kelly O'Grady report.
President Trump's trade war is already being felt in the heartland. Americans feeling the crunch are concerned that tariffs could stretch thin budgets even thinner. Lana Zak reports.
President Donald Trump's tariff plans and worsening inflation data has investors on edge. Wall Street suffered a steep sell-off on Friday, with the three major indexes all down sharply. While heading to Mar-a-Lago this weekend, Trump said he is open to carving out deals with countries looking to avoid tariffs, but that likely won't happen until after they are set to begin on Wednesday.
Wall Street's decline fueled by inflation worries and the impact of tariffs likely won't be short-lived as wider reciprocal import taxes are set to go into effect next week. Consumer confidence along with spending aren't faring much better. Jo Ling Kent joins to discuss.
Peak wedding season officially kicks off next week. The average wedding in the U.S. costs over $30,000 and event planners are warning that prices could go up from President Trump's new tariffs. CBS News MoneyWatch correspondent Nancy Chen reports.
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
The U.S. is grappling with a wide range of critical issues brought about by what it lacks, including workers, housing and clean energy infrastructure. A new book argues the U.S. can rectify its major problems by renewing a so-called "politics of abundance." One of its authors, The Atlantic's Derek Thompson, joins "America Decides" to explain.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
Stocks are dropping ahead of the weekend as new data signals inflation remains stubborn. This comes as investors remain uncertain over tariffs and the future of the U.S. economy. Paul La Monica, a senior markets analysis writer at Barron's, joins CBS News with more.
New economic data shows Americans remain concerned over inflation and they are making cautious decisions with money. CBS News' Jill Schlesinger reports.
A majority of Americans are not feeling great about the economy, according to a new CBS News poll revealing 60% of participants said the economy was "bad." CBS News' Anthony Salvanto has more.
A closely watched measure of inflation shows that prices excluding fuel and food ticked up in February. Here's what to know.
President Trump visits Alaska today for what the White House has called a "listening exercise" with Russia's President Vladimir Putin.
The move amounts to a sweeping reversal of "sanctuary" policies in the nation's capital.
A group of masked U.S. Border Patrol agents showed up in trucks outside of the press conference at the Japanese American National Museum.
Tropical Storm Erin was on the verge of becoming the Atlantic season's first hurricane early Friday.
A car accident, a series of secret wiretaps, a shootout with police and a drug bust eventually led federal investigators back to cartel leaders in Mexico.
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.
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.
Costco said it won't stock mifepristone after coming under pressure from conservative investors, activists.
As Social Security celebrates its 90th anniversary today, concerns are growing over its funding and recent staffing cuts.