Millions of Americans are living paycheck to paycheck. But what if you could take control of your finances—not just to have more money, but to build a life you actually want? In this episode, we talk about what financial freedom really means, the most common mistakes people make with money, and the practical steps to set your kids up for future success—from the right accounts to how to use them.
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On the "CBS News Weekend Roundup," host Allison Keyes gets the latest on the economy, the Federal Reserve and tariffs from CBS's Linda Kenyon at the White House and CBS News Business Analyst Jill Schlesinger. We'll hear from CBS's Tom Hanson on how cuts in federal funding are affecting certain school programs. In the "Kaleidoscope with Allison Keyes" segment, a discussion about urban farming and its role in helping to sustain communities of color.
President Trump says he's ordered two nuclear submarines to "be positioned in appropriate regions" in response to what he called "foolish and inflammatory" comments by Russia's former leader, Dmitry Medvedev. In a recent post, Mr Medvedev said US threats of tough sanctions on Russia over Ukraine were “a step towards war”. Mr Trump did not say if he was referring to nuclear powered or nuclear armed submarines. Also: Trump fires lead official on economic data as tariffs and weaker job growth cause market drop; Rhino horns turned radioactive to fight poachers in South Africa.
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President Trump fires official overseeing employment data after dismal jobs report. Four killed at a Montana bar; suspect still at large. President Trump orders nuclear submarines repositioned after statements from Russian official
CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.
Thursday night, President Trump announced new tariff rates, and a new deadline. For weeks, the administration said that new, tougher tariffs would go into effect August 1 — instead, most countries won't see the new rates kick in for at least a week.
Meanwhile, new numbers from the Labor Department show job growth slowed sharply this spring, as President Trump's earlier, worldwide tariffs started to bite. Shortly after their release, Trump said he was firing the head of the government agency that produced that report.
White House correspondent Danielle Kurtzleben and economic correspondent Scott Horsley discuss the consequences of Trump's tariffs so far and going forward.
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President Trump says he wants to help the people of Gaza to live, following a visit by his special envoy, Steve Witkoff, to a controversial US and Israeli- backed aid site in the territory. Plus, the BBC investigates the cases of 160 children shot dead inside the Gaza Strip.
Also in the programme: Malawi hits its UN development goals for HIV and AIDS ahead of its targets; radioactive injections aimed at saving South Africa's rhinos; and we follow the market reaction to Donald Trump's global tariff deals -- and new US job figures.
P.M. Edition for Aug. 1. The jobs report, which showed sharply lower revised numbers for May and June, may open the door for the Fed to cut interest rates at its next meeting in September. WSJ finance news editor Christina Rexrode joins to discuss. Plus, software company Figma’s stock market debut yesterday saw its stock price jump 250% in its first day of trading, leaving some $3 billion on the table. We hear from Corrie Driebusch, who covers U.S. capital markets for the Journal, about why that happened. And President Trump says he will position two nuclear submarines “in the appropriate regions” in response to criticism from a former Russian leader. Alex Ossola hosts.
So why are media outlets still talking down the economy? And why is Chairman of the Federal Reserve Jerome Powell refusing to cut interest rates, despite earlier recession warnings that never materialized? Victor Davis Hanson breaks it all down on today’s episode of “Victor Davis Hanson: In His Own Words.”
“Remember that The Wall Street Journal, New York Times, Washington Post, and our main media organs all told us in May when Donald Trump was talking about art of the deal tariffs, … we were going to have high inflation, stagflation, bad job growth, static GDP, and a trade war along with a Wall Street collapse, basically a recession. Well, wall Street stock prices are at historical highs. Every one of those predictions was wrong.
“If [Powell] is worried about a trade war, and tariffs and soft job growth, which was predictive but didn't happen, why don't you lower interest rates? And the fact is that if you look at the interest rates that he did cut right before the 2024 election and his all over the map, attitude toward interest rates today, there is no logic because if he's worried that the economy inflation might— it's gone up one 10th of an point and it's steaming and then he's going to what? Keep interest rates that high?”
👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com
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