Holiday shopping is in high gear, with the National Retail Federation predicting a record 159 million shoppers on what it calls "Super Saturday," with nearly a third buying gifts in stores. However, consumer sentiment is down as many Americans are concerned about their economic future.

Holiday shopping activity remains high, with the National Retail Federation predicting a record 159 million shoppers on 'Super Saturday,' nearly a third of whom are expected to shop in stores. Despite this surge, recent government data shows that consumer sentiment has dropped nearly 30% compared to the previous year, reaching its lowest level in more than three years.

Inflation has eased slightly, with the Consumer Price Index rising at a slower-than-expected 2.7% annual pace, but higher costs are still prompting many shoppers to set strict budgets. Popular holiday purchases include clothes, toys, and gift cards, while shipping deadlines for major carriers are approaching, with costs increasing for last-minute deliveries.

Holiday shoppers out in force, but concerns over consumer sentiment linger

Well, we are in the thick of holiday shopping season, but some new numbers raise questions about how people are feeling about spending. And CBS is Nicole Valdez is at a mall in aptly named Commerce California. Nicole, good evening to you. Good evening, Tom. It's the last Saturday before Christmas, one of the busiest shopping days of the year. And as Americans look for that perfect gift, they're also on the hunt for the right price. Holiday shopping is in high gear. The National Retail Federation predicts a record 159 million shoppers on what it calls Super Saturday, with nearly a third buying gifts in stores. New government data shows inflation has cooled slightly. The Consumer Price Index rose at 2.7% of its annual pace, which is slower than expected. Higher costs are driving shoppers like Tristan Dotson to stick to a budget. I said about like maybe $700 for Christmas gifts for all of my family. I kind of try to stay in the realm of what I can do what I want to do. He's not alone either. Consumer sentiment measuring how people feel about the economy and their own finances is down compared to last December by nearly 30%. That's the lowest level in more than three years. Is that something that you're trying to be conscious of? How much you're spending this year? Keeping an eye on it, but still being able to, you know, give the people that I want to give gifts to get those gifts where they need to go. By Christmas, you'd better ship. Now the mailing deadline for the U. S. Postal Service ends today for UPS. You have through Tuesday and FedEx lets you ship as late as Christmas Eve. But the longer you wait, the more you'll have to pay. And some of the most popular item shoppers are spending their money on this year, according to the National Retail Federation are things like clothes, toys and gift cards. Tom, a lot of people feeling shaky on the economy these days. Nicole Valdez for us tonight. Nicole, thank you.

The Justice Department released more documents related to the late sex offender Jeffrey Epstein on Saturday after failing to meet Friday's deadline to release all the documents, as required by the law signed by President Trump last month. The Justice Department said the delay was, in part, to ensure that victims' information was protected.

Washington

Justice Department releases more Epstein documents Saturday

The U.S. confirmed that it seized an oil tanker near Venezuela, the second such seizure this month. The U.S. Coast Guard led the operation, which took place in international waters. Meanwhile, the U.S. military hit more than 70 targets in a retaliatory assault against ISIS in Syria. Willie James Inman has more.

Caracas

U.S. seizes another oil tanker near Venezuela

The U.S. Department of Justice released thousands of documents, photos and files related to late sex offender Jeffrey Epstein on Friday. But some Democrats are criticizing the partial release because the department had a deadline to release all of the files by end of Friday.

'Partial' release of Epstein files faces criticism

The United States military “hit the ISIS [ISIL] thugs in Syria”, President Donald Trump has said, a week after two US soldiers and an interpreter were killed in Syria’s Palmyra city. Trump said he “ordered a massive strike on the terrorists that killed our three great patriots last week”.

Damascus

Trump says U.S has launched large-scale attacks on ISIL in Syria

Ukraine said its drones hit a vessel from Russia's shadow fleet – the first such strike in the neutral waters of the Mediterranean Sea. Russia's shadow fleet transports sanctioned Russia oil by frequently changing flags and concealing ownership.

Ukraine Invasion

Ukraine strikes Russian shadow fleet tanker in Mediterranean sea

The U.S. Justice Department has released thousands of files relating to Jeffrey Epstein, including photos featuring people like former President Bill Clinton and Mick Jagger. However, survivors are concerned with how much information was redacted from the files.

Thousands of new Epstein files, photos released

The U.S. military launched large-scale strikes against dozens of Islamic State targets in Syria on Friday (December 19) in retaliation for an attack on American personnel, U.S. officials said.

U.S. hits ISIS in Syria with large retaliatory strikes

The man suspected of carrying out an attack in Taiwan with a smoke grenade and knife acted alone, police said on Saturday of the incident that killed at least four, including the attacker. This edit contains graphic images.

Taipei City

Taipei attacker acted alone, police say after three killed

The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead by suicide in a storage unit in Salem, New Hampshire, authorities said. He has been identified as 48-year-old Claudio Manuel Neves Valente, a former Brown grad student.

Providence

How a Reddit post led police to the suspected university shooter

Seven people were killed, including former NASCAR driver Greg Biffle and his wife and children, in a plane crash in North Carolina. Investigators hope to find clues about why it happened on the cockpit voice recorder. Cristian Benavides has the latest.

Plane crash kills NASCAR driver, family

President Trump announced new agreements on Friday with nine pharmaceutical companies aimed at making certain prescription drugs cheaper. CBS News reporter Karen Hua has the details.

Trump announces agreements with major drugmakers to lower prices

The U.S. Justice Department released a new trove of documents from its investigations into the late financier and convicted sex offender Jeffrey Epstein on Friday, bowing to pressure from lawmakers who forced their disclosure with a new law.

Washington County

Justice Department releases new tranche of Epstein files

The Justice Department has released a new batch of files related to convicted sex offender Jeffrey Epstein. CBS News legal reporter Katrina Kaufman has more.

Combing through newly released Epstein files

TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News.

TikTok nears deal to avoid ban in the U.S.

Russian President Vladimir Putin reacted to the European Union's massive $108 billion loan to fund Ukraine's war against Russia.

Kyiv

European Union loans Ukraine billions as Putin boasts about war

The war, which began with Russia’s full-scale invasion in February 2022, continues to take a heavy toll on civilians, particularly in frontline areas such as Zaporizhzhia, where fighting and shelling persist.

Moscow

Putin accuses Kyiv of rejecting peaceful settlement

The man believed to be responsible for carrying out the Brown University shooting and killing an MIT professor was found dead in a storage unit in New Hampshire on Thursday, officials said.

Salem

Suspect in Brown and MIT shootings found dead

Australia will launch a national gun buyback program in the aftermath of a deadly attack on a Hanukkah celebration at Sydney's Bondi Beach, Prime Minister Anthony Albanese said.

Council of the City of Sydney

Australia announces gun buyback program after Bondi Beach shooting

TikTok’s Chinese owner, ByteDance, signed binding agreements with American investors to allow the U.S. arm of the business to continue operating.

Beijing

TikTok signs deal to allow app to continue operating in the U.S.

Under a law passed by Congress and signed by President Trump, the Justice Department has until Friday to release its files on the Jeffrey Epstein case. House Democrats released more photos from the estate of the convicted sex offender. Scott MacFarlane reports.

House Democrats release more Epstein photos ahead of DOJ deadline

The European Commission announced it will delay the signing of the Mercosur trade agreement until the new year after Meloni asked for more time. No date has been set. Backers hope deal won't be further derailed.

Brussels

Mercosur signature delayed to January after Meloni asked for more time

President Trump on Thursday signed an executive order to reclassify marijuana as a Schedule III drug. CBS News White House reporter Aaron Navarro has more on that and the president's year-end address from Wednesday night.

Trump signs executive order reclassifying marijuana

President Donald Trump laid out what he claims are the reasons that America's economy is thriving in an address to the nation. This comes as Americans remain concerned about high prices.

Trump touts economic record during address to nation

Multiple sources tell CBS News a person of interest has been identified in the mass shooting at Brown University. CBS News' Tom Hanson reports.

Person of interest identified in deadly Brown University shooting

Brazil’s Senate passed a bill that could drastically reduce former President Jair Bolsonaro’s 27-year prison sentence for plotting a coup, potentially cutting his time behind bars to just over two years.

Rio de Janeiro

Brazil Congress passes bill to cut Bolsonaro prison term

EU leaders are split in Brussels over using frozen Russian assets to fund Ukraine. Poland backs urgent action, while Belgium resists over legal and financial risks. Ukraine is pressing for a decision by year’s end.

EU leaders urge swift decision on frozen Russian funds for Ukraine

The U.S. military said Wednesday that it attacked a boat accused of smuggling drugs in the eastern Pacific Ocean, killing four people on the same day the House rejected efforts to limit President Donald Trump’s power to use military force against drug cartels.

New U.S. strike on alleged drug boat kills four

The U.S. Justice Department said late on Wednesday (December 17) the federal government was liable in the fatal January 29 collision of an Army Black Hawk helicopter and American Airlines regional jet that killed 67 people near Reagan Washington National Airport.

U.S. admits liability in fatal Black Hawk-American Airlines crash

Nick Reiner made his first court appearance after being charged with two counts of first-degree murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.

Los Angeles

Nick Reiner appears in court on murder charges in killing of parents

The United States on Wednesday (December 17) approved $11.1 billion in arms sales to Taiwan, marking the largest ever U.S. weapons package for the island, which is under increasing military pressure from China.

Breakdown