Home - CBSNews.com | Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

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White House National Economic Council Director Kevin Hassett told “Face the Nation with Margaret Brennan” that while Spirit Airlines blamed rising fuel prices for its troubles, energy shocks generally do not have a major impact on other carriers; however, he conceded that higher fuel costs are likely to dent airline profits for about a quarter.

Read more: https://www.cbsnews.com/video/kevin-hassett-energy-shocks-will-affect-profits-for-the-airlines-for-the-next-quarter-or-so/

#KevinHassett #WhiteHouse #EconomicCouncil #MargaretBrennan

Home - CBSNews.com | Minneapolis Fed president says U.S. needs to be "open-minded" about interest rates

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Minneapolis Federal Reserve President Neel Kashkari told “Face the Nation” that, despite market expectations for an interest‑rate cut, policymakers must remain “open‑minded” about the future path of rates because of heightened uncertainty stemming from developments in the Middle East. He emphasized that the Fed needs to consider a range of scenarios before deciding on any adjustments to monetary policy.

Read more: https://www.cbsnews.com/video/minneapolis-fed-president-says-us-needs-to-be-open-minded-about-interest-rates/

#MinneapolisFed #NeelKashkari #FederalReserve #MargaretBrennan

Home - CBSNews.com | Chevron CEO explains what it would take to send ships through Strait of Hormuz

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Chevron CEO Mike Wirth told “Face the Nation” host Margaret Brennan that, before he would feel confident allowing oil tankers to transit the Strait of Hormuz, the company would need a clear and sustained de‑escalation of regional tensions, verifiable security guarantees for vessels, and assurances that the strait’s navigation corridors remain safe and open. He emphasized that a stable political environment and robust protective measures are essential to resume safe shipping through this strategically vital waterway.

Read more: https://www.cbsnews.com/video/chevron-ceo-ships-through-strait-of-hormuz/

#Chevron #MikeWirth #MargaretBrennan #FacetheNation #StraitofHormuz

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Home - CBSNews.com | Air travel prices likely to get worse in coming weeks, Chevron CEO says

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Chevron’s chief executive, Mike Wirth, warned that airline fares are likely to climb and flight availability may shrink in the coming weeks as the Iran‑Hormuz standoff tightens global jet‑fuel markets. He noted that jet‑fuel shortages were already emerging before the February 28 war with Iran began, prompting airlines worldwide to raise bag‑check fees, cut routes, and adjust schedules; U.S. carriers are somewhat insulated because the United States produces its own jet fuel. In North America, jet‑fuel prices have surged more than 80 % compared with a year ago, while gasoline averages $4.03 per gallon and diesel $5.47 per gallon, underscoring broader fuel‑price pressures that are expected to translate into higher airfares and fuller, less frequent flights.

Read more: https://www.cbsnews.com/news/chevron-ceo-air-travel-prices-iran-war-face-the-nation-interview/

#Chevron #MikeWirth #U.S.airlines #MargaretBrennan

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Hey Rep. Gonzales, Finish The Thought: What About That Five-Year-Old US Citizen?

https://fed.brid.gy/r/https://www.techdirt.com/2026/02/10/hey-rep-gonzales-finish-the-thought-what-about-that-five-year-old-us-citizen/

WATCH: Treasury Secretary Scott Bessent Completely Humiliates a Snarky Margaret Brennan When She Forgets Her Previous Prediction on Inflation While Trying to Lecture Him: https://newscats.org/watch-treasury-secretary-scott-bessent-completely-humiliates-a-snarky-margaret-brennan-when-she-forgets-her-previous-prediction-on-inflation-while-trying-to-lecture-him

#BidenEconomy, #FaceTheNation, #MargaretBrennan, #Pro-Consumer, #ScottBessent

Oops 😬 | At debate, Vance whines: You weren’t supposed to fact-check me!

Half an hour into Tuesday night’s vice-presidential debate, #JDVance lodged a whiny protest.
“Margaret,” he said to moderator #MargaretBrennan of #CBS News, “the rules were that you guys weren’t going to fact-check!”

It was a lie on top of another lie, supplemented by a pair of other lies, in support of an even bigger lie.
There was no “rule” against #FactChecking. And #Vance had just told a whopper.

#walz #kamalaharris #voteblue #election #debate #vpdebate

https://www.washingtonpost.com/opinions/2024/10/01/jd-vance-tim-walz-vice-presidential-debate/