New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month.

Wall Street

Recent data indicates a decline in US consumer sentiment for the second month in a row, coinciding with a drop in the Dow and ongoing concerns about inflation. Prices for everyday goods, including groceries and fuel, have risen, with notable increases in items such as coffee beans, audio equipment, and household furniture. The Federal Reserve is widely expected to consider an interest rate cut in response to these economic pressures. While the Dow ended lower, the Nasdaq reached a record high and the S&P 500 closed the week with gains, reflecting mixed performance across markets. Economists attribute some of the price increases to the effects of tariffs, with companies beginning to pass costs on to consumers.

Inflation fears drive falling consumer sentiment

To Wall Street we go, where stocks fell as new data shows Americans are feeling increasingly concerned about the state of the U.S. economy. A survey reveals consumer sentiment fell in September for the second month in a row. The Dow dips 273 points. So let's bring in CBS News Senior Business and Technology Correspondent JoLing Ket. So JoLing, what can we read into this data? We got so much economic data this week, and much of it confirms that the Federal Reserve probably will cut interest rates come next Wednesday, September 17th. That is something the president has been pressuring the Fed to do. And based on this economic data, between the jobs report, consumer sentiment, consumer confidence, inflation, producer prices, I could go on and on. We do expect the data to push the Federal Reserve to actually cut rates on Wednesday. So when you take a look at inflation, what did it say this week in terms of how much you're paying at the grocery store? We saw prices come in about 2.9 percent higher than they were a year ago. And the month-to-month jump was the biggest jump since January. And so when you see that inflation number continue to be quite sticky at 2.9 percent, that essentially clears the way on the inflation side of things on prices for the Federal Reserve to cut interest rates. We also want to note, though, too, even though the Dow did end slightly in the red today, the Nasdaq notched a record high. We also had the S&P 500 closing with a winning week overall. So, Darlene, the data is one thing. And according to the data, Americans paid a little bit more for everything from groceries to gas last month. And we all hear the data. What we experience is when we go check out, and we all feel that all the time. Oh, yeah. Can you tell us which items specifically got more expensive? And do we know why that is? Well, let's pull up the list and walk through some of the specifics that we got from the Bureau of Labor Statistics. If you feel like your coffee beans are more expensive, they are. Compared to a year ago, coffee bean prices in the United States up 21 percent. Audio equipment, say you're buying a mic or a little, you know, something or the other, up 12 percent. Household furniture continues to go up about 10 percent. Bananas, buying those every week at our house, up 6.6 percent. Clothes, dresses up 6 percent, watches up almost 6 percent, and motor vehicle parts up 3.4 percent. So what we're seeing here is the early impact, according to economists, of the tariffs taking hold and affecting prices. And so much of what we've seen is companies say, OK, we're not going to have to raise prices. But if you look at the earnings reports over the last quarter, we're starting to see these big company CEOs say, we're going to have to raise prices. There's so much uncertainty. The tariffs are hitting. We can't absorb all of that cost. And guess who pays for those price increases? You and me and all the shoppers out there. So that's what you're starting to see in this inflation number. And that's why you might very well see the Federal Reserve next week say, OK, we're going to cut rates, make borrowing a little bit less expensive and maybe hopefully improve that inflation number, get closer to that 2 percent target that they've always wanted to hit. Yeah. I mean, I can't tell you how many times we've come out of the drive thru or the grocery store and been like, how could this be this expensive? Oh, yeah. All right. Jolene, thank you so much for your time.

President Trump has backed down on his plans to send the National Guard to Chicago, for now. Instead, he told Fox News that federal troops will be deployed to a different city.

Chicago

Trump backs down on sending National Guard to Chicago

A suspect is in custody after the deadly shooting of conservative activist Charlie Kirk. Authorities say 22-year-old Tyler Robinson is being held at Utah County Jail, pending formal state charges, which are expected to be filed on Tuesday. CBS News' Andres Gutierrez and Anna Schecter have more.

Orem

What we know about the Charlie Kirk shooting suspect's arrest

The United Nations General Assembly has overwhelmingly voted to endorse a declaration outlining "tangible, timebound, and irreversible steps" towards a two-state solution between Israel and the Palestinians ahead of a meeting of world leaders.

New York

Middle East Conflict

UN endorses two-state solution declaration that condemns Hamas

22-year-old Tyler Robinson from Utah, suspected of killing conservative activist Charlie Kirk at a university in the city of Orem, was in custody on Friday (Sept. 12), Utah Governor Spencer Cox told reporters.

Utah man suspected in Charlie Kirk murder taken into custody

In Tunisia, the humanitarian aid flotilla for Gaza is set to leave Tunis. About 40 boats will try to deliver aid to the Palestinians under blockade. In Tunisia the departure was not easy, as two boats from the flotilla were subject to reported drone attacks.

Tunis

Gaza aid flotilla prepares to set sail after reported drone attacks

Brazil's Supreme Court has sentenced firebrand ex-president Jair Bolsonaro to 27 years in prison for coup plotting at the end of a landmark trial that divided the nation and drew U.S. fury.

Brasilia

Brazil's ex-president Jair Bolsonaro sentenced to 27 years in prison

Israeli Prime Minister Benjamin Netanyahu signed an agreement to push ahead with a controversial settlement expansion plan that would cut across land that the Palestinians seek for a state. "There will never be a Palestinian state. This place is ours," Netanyahu said.

Jerusalem

Netanyahu signs West Bank settlement expansion plan

The United Nations Security Council has condemned the Israeli attack on the Qatari capital Doha on Tuesday and called for de-escalation in a statement agreed by all 15 members, including Israel’s chief ally, the United States.

Doha

UNSC members condemn Israel over deadly strike on Qatar

Ryan Routh, accused of attempting to assassinate former President Trump in South Florida last year, is representing himself in court. As the trial opened, Routh forfeited his chance to deliver an opening statement, setting the stage for proceedings.

Fort Pierce

Trump assassination attempt suspect defends himself in trial

Photos of a "person of interest" in the assassination of Charlie Kirk were released by the Salt Lake City FBI. Authorities are searching for the person who shot and killed the conservative activist at an event at Utah Valley University.

Photos released of "person of interest" in Charlie Kirk assassination

Authorities shared new details about the suspect's movements leading up to the fatal shooting of conservative activist Charlie Kirk. The search for the suspect continued on Thursday.

FBI says it has good video of Charlie Kirk shooting suspect

President Donald Trump announced Thursday that he will award conservative activist Charlie Kirk, who was assassinated during a campus event in Utah, the Presidential Medal of Freedom posthumously.

Washington

Trump says he'll award Charlie Kirk the Presidential Medal of Freedom

Authorities say the weapon used in the fatal shooting of conservative activist Charlie Kirk has been recovered and law enforcement tracked the movements of the suspect.

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Trump vowed retribution in an Oval Office address after his close ally and conservative activist Charlie Kirk was fatally shot on a campus in Utah. A massive search for the killer intensified following Kirk's death, with police going door-to-door looking for the shooter.

Trump pledges to find killer of conservative activist Charlie Kirk

The UAE’s President Mohammed bin Zayed visited Doha a day after Israel’s strike, signalling Gulf solidarity. Qatar’s prime minister called the strike “state terror,” accusing Israel of killing hopes for a hostage deal and demanding Netanyahu face justice.

Qatar seeks ‘collective response’ to Israeli attack

Poland is rejecting the claim that Russian drones crossed into Polish airspace by accident and says the move is reckless and could lead to potential escalation.

Warsaw

Ukraine Invasion

Europe on edge after Russian drones invade Polish airspace

Prince Harry and King Charles had a private tea in London, Buckingham Palace. This marks their first meeting in nearly two years. Harry, the Duke of Sussex, last saw his father in early 2024, shortly after it was announced the King was undergoing cancer treatment.

London

King Charles, Prince Harry meet for the first time in nearly 2 years

U.S. President Donald Trump says rightwing political activist Charlie Kirk is dead after being shot in the neck at a university campus event in Utah. There is not a suspect in custody.

Conservative activist Charlie Kirk killed in shooting, Trump says

Brazilian Supreme Court Justice Luiz Fux voted on Wednesday (September 10) to acquit former President Jair Bolsonaro of forming a criminal organization and voted to annul his trial over jurisdiction, breaking with peers and raising the odds of an appeal after the final verdict this week.

Brazilian judge votes to annul Bolsonaro case, breaking with peers

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

Global Tariffs

Trump urges EU to impose 100% tariffs on China and India, sources say

Poland shot down drones that entered its airspace during a widespread Russian attack in western Ukraine, with the NATO member calling the incursion "an act of aggression." It marks the first time a member of the alliance has fired shots in the war.

Poland downs Russian drones in first shots fired by NATO member in war

Two Brazilian Supreme Court justices voted to convict former President Jair Bolsonaro of leading a criminal conspiracy to overturn the 2022 election, as they cast the first votes in the final phase of the ex-president's trial.

Two Brazil Supreme Court justices vote to convict Bolsonaro

Nepal’s prime minister has stepped down with at least 22 people dead, the country’s parliament in flames and its main airport shut down during a violent revolt. The unrest started over a social media ban and grew into a broader anti-corruption protest.

Kathmandu

Nepal’s parliament set on fire, PM resigns as protests spiral

U.S. President Donald Trump can't escape questions about Jeffrey Epstein as a congressional committee released a suggestive personal note to Epstein allegedly from Trump, for the convicted sex offender’s 50th birthday.

White House denies alleged Trump letter to Epstein is authentic

Israel's military said it "conducted a precise strike targeting the senior leadership of the Hamas terrorist organization," amid reports of large explosions in Qatar's capital city, Doha.

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French President Emmanuel Macron has named loyalist Sebastien Lecornu, a one-time conservative protégé who rallied behind his 2017 presidential run, as prime minister. Analysts say France is in the midst of a complicated political crisis.

Paris

France's Macron names loyalist Lecornu as new PM

Videos circulating online reveal a luminous flying object hitting the vessel. No crew members were harmed. Activists part of the flotilla say they will not be deterred by the attack, and that their mission will continue as planned.

Flotilla for Gaza ship struck by drone off Tunisia, organizers say

The Bureau of Labor Statistics said the U.S. labor market added 911,000 fewer jobs between April 2024 and March 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

U.S. jobs growth revised down by 911,000

A Michigan judge has dropped criminal charges against 15 people who were accused of trying to falsely certify Donald Trump as the winner of the 2020 presidential election. CBS News' Shanelle Kaul has the latest.

Michigan

Judge tosses case against 15 accused fake Trump electors in 2020

Israel says it carried out a strike targeting Hamas leaders. One Israeli official says it happened in Doha, Qatar. CBS News' Ramy Inocencio reports.

Breakdown