May 14 Watch 8:25 Analysts break down Trump-Xi meeting and calls for stability and cooperation By Geoff Bennett, Dan Sagalyn For perspective on President Trump's trip and the broader U.S.-China relationship, Geoff Bennett spoke with Myron Brilliant and Liza Tobin. Brilliant is at the DGA Group and is the former executive vice president of the U.S. Chamber of Commerce. Tobin… Continue watching
May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because… Continue reading
May 14 WATCH: Navy Acting Secretary Hung Cao testifies on budget as Trump discusses Iran with Xi By News Desk and Associated Press Cao, a 25-year Navy combat veteran who ran unsuccessful campaigns for the U.S. Senate and House in Virginia, stepped in to lead the department after the departure of former Navy Secretary John Phelan, who unexpectedly left the post in April. Continue reading
May 13 Watch 8:43 Trump arrives in China for high-stakes talks on trade, Taiwan and Iran war By Nick Schifrin, Veronica Vela, Zeba Warsi President Trump is in Beijing for a state visit to America’s chief global competitor, and increasingly, its chief geopolitical rival. Trump has long targeted China as an economic foe of the U.S. while cultivating a relationship with President Xi Jinping,… Continue watching
May 12 Watch 4:42 Hegseth grilled over direction of Iran war and costs for Americans By Stephanie Sy, Winston Wilde Defense Secretary Pete Hegseth testified in back-to-back Capitol Hill hearings where he faced bipartisan frustration about the Iran war and its rising costs. With neither the Americans nor the Iranians softening their demands, the President left for a high-stakes visit… Continue watching
May 12 Watch 5:18 Inflation could hit 4% next month and stay elevated for rest of year, economist warns By Geoff Bennett, Jackson Hudgins The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to… Continue watching
May 12 WATCH: 'I don't think about Americans' financial situation' when negotiating with Iran, Trump says By Maria Ramirez Uribe A reporter asked Trump on Tuesday to what extent Americans' financial straits are motivating him to make a deal. Continue reading
May 12 WATCH: Murray calls Pentagon's Iran war cost estimate 'suspiciously low,' presses for damage price tag By Maria Ramirez Uribe Jules Hurst, the Pentagon comptroller, told members of Congress at an earlier hearing before a House Appropriations panel, that the cost of the war had risen to $29 billion. Continue reading
May 12 Ship operators fear fuel shortages as Iran war squeezes supply By Anton L. Delgado, Chan Ho-him, Associated Press Experts say consumers and companies should brace for price spikes to shipping costs and impacts to bottom lines. Continue reading
May 12 Kuwait says Iran attacked an island where China is helping to build a port By Jon Gambrell, Melanie Lidman, Associated Press Iran didn't immediately acknowledge the allegation by Kuwait, which came under attack by Iran in the war and during the shaky ceasefire still holding. But that allegation and ongoing attacks throughout the region have threatened to reignite open warfare. Continue reading