respect your pubic region with gillette intimate.ent biden to declare a national emergency. and those illnesses plus covid are putting the spotlight on an unprecedented nursing shortage. the u.s. needs more than 200,000 new registered nurses every year to meet demand. so we wanted to find out why america is headed towards a nursing crisis. > are you in any pain right now? >> reporter: jimmy alverson has been in and out of children's national hospital in d.c. for more than seven years battling brain cancer. the nurses here are like family. >> they do an amazing job of just making me feel better. >> reporter: among them is caitlyn hall. >> i absolutely love this job. i wouldn't do anything else. i feel like just coming in every day, helping these families. just really brightening their day has just been amazing. >> reporter: but with the pandemic, the last few years haven't been easy. >> ever thought about quitting? >> every day. >> no. >> not seriously. not seriously. >> what do you think people don't appreciate about nurses? >> the i

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i'm wendy gillette in new york.bs news projects democrat katie hobbs is elected arizona governor, defeating republican kari lake. the counting of votes took nearly a week after election day. lake was endorsed by former president donald trump. >>> and trump has an announcement of his own tuesday night at his mar-a-lago estate in palm beach, florida. he's expected to announce his bid for re-election in 2024. >>> president biden's plan to forgive student loan debt has hit another snag. a federal appeals court panel in st. louis has agreed to a preliminary injunction that halts the program while an appeal is ongoing. the plan would forgive as much as $20,000 in debt for those making less than $125,000 who received pell grants. >>> for more news, download the cbs news app on your cell phone or connected tv. i'm wendy gillette, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> tonight, the president of the university of virginia says classes will be canceled for a second day tomorrow as the community

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wendy gillette has today's cbs "money watch." >> reporter: it was a winning day on wall street as investorsed the prospect the fed may slow down its pace of aggressive rate hikes. the dow gained 56 points. the nasdaq was up 162, and the s&p 500 finished 34 points higher. >>> walmart has offered to pay $3.1 billion to settle opioid lawsuits. the settlement offer follows approximately $5 billion proposals from cvs and walgreens. walmart says it strongly disputes allegations it improperly filled prescriptions for the painkillers and does not admit liability with the settlement. >>> amazon is launching a virtual clinic to treat common conditions such as seasonal allergies, acne, and hair loss. amazon clinic is available right now in 32 states with hopes to expand nationwide. the clinic does not accept insurance at this time. >>> swifties blew up twitter tuesday about their bad blood with ticketmaster. some fans of taylor swift with a presale code for her new concert tour in the spring were unable to buy tickets. ticketmaster said unprecedented demand led to issues, and shifted start times of pr

wendy gillett, cbs news, new york. >> the consumer product safety commission says an average of 6500 fires occur every year on things giving. >>> coming up, or why this police crossing guard said it decided to lead a dance party of sorts every day on the job. >>> in sports, we have some world cup action. one game so lopsided it made history, the other game a big-time upset that featured a late comeback and thrilling finish. sports is coming up next. manager suspected of killing -- wants to speak with former >>> new york city during for a thanksgiving tradition, already lined up for tomorrow's annual macy's thanks giving day parade. this year there will be 16 character balloons, some of the new ones, louis, diary of a wimpy kid and steward of the minyan. there also be two dozen flows, you can watch coverage of the parade right here on kpix 5 starting at 1:00 , right after football. >>> it is easy to make mistakes packing luggage for the holidays, but this gives new meaning to the saying the cat is out of the bag. in this case, tsa officers discovered the cat inside someone's luggage a

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gillette. best a man can get. >>> after a long campaign to liberate kherson, some ukrainian troops are returning to the city and reuniting with their loved ones. this video show as soldier rushing back to his grandmother's arms as she falls to her knees and breaks down in tears. it is one of many uplifting moments we've seen over the past few days. just yesterday the ukrainian flag was once again raised at the city square. hundreds of residents joined in the celebration waving flags of their own and cheering for the troops who freed the city from the russians. so far ukraine says it has liberated more than 60 settlements in the kherson region, mostly in the area west of the dnipro river. now authorities are trying to restore norm mality to those places but they face a daunting task because they still have to clear a lot of mines that russia left behind. crews have been deployed to remove the explosives from kherson to a town in the neighboring mykolaiv region. meantime in the southeastern city

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gillette >> carley: a fox news alert. key inflation report for october just released.n october and up 7.7% year over year. those are the numbers. let the reaction roll in; steve, over to you. >> steve: wall street likes it because it's going down. >> carley: yes. >> steve: key inflation report coming, carley as president biden is pressed on his plans to solve the inflation problem. >> i can't guarantee that we're going to be able to get rid of inflation but i do think we can. we have already brought down the price of gasoline about 1.20 a gallon across the board and i think that the -- the -- the oil companies are really doing the nation a real disservice. there's a whole lot of things that we can do that are -- that are difficult to do. >> steve: fox news contributor lara trump joins us right now. lara, he is taking credit for gas prices going down when, in fact, gas prices are gone down because supply and demand. people are driving less because it's so darn expensive. >> yeah, well, that was one of the goals of all of this, steve, was to make people change their habi

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wendy gillette has that story and more in today's "moneywatch" report. >>> the markets lost ground aseen reports of big gains. hopes had started to rise that inflation may be easing. the dow lost 211 points, the nasdaq slid 127 points, and the s&p 500 sank 35 points. >>> amazon is preparing for the largest layoffs in the company's history. multiple reports say as many as 10,000 employees will lose their jobs as soon as this week. the online retail giant stock has plummeted 40% since the beginning of the year. >>> another hit for crypto trading site ftx. federal prosecutors in new york are now reportedly examining what caused the company to collapse and how it handled customer funds. financial investigators in the bahamas where ftx is based are also looking into what happened. >>> and ralphie's house is going on sale. that is, ralphie's house if there the movie, "the christmas story." the iconic house where the film was made in cleveland, ohio, is now a museum and bed and breakfast painstakingly restored to how it looked in the movies. no word on the asking price or surrounding propert

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wendy gillette, cbs news, bangkok, thailand. >>> and that's the "overnight news" for this thursday.the nation's capital, i'm jan crawford. >>> this is cbs news flash. i'm dan lieberman in new york. president biden warned that america's democratic traditions are in peril less than week before the midterm elections, warning that democracy itself is under threat from election deniers, fueling a rise in political violence and voter intimidation. he called out extreme maga republicans as a minority, but driving force of the republican party. >>> thanksgiving wilng will be expensive this year. about 13.5% more compared to last year thanks to inflation. according to market research firm iri, that includes turkey, meats, baking goods and popular side dishes. >>> and in game four of the world series, the houston astros threw a combined no-hitter against the philadelphia phillies, winning 5-0 to tie the series at two games apiece. for more news, download the cbs news app on your cell phone or connected tv. i'm dan lieberman, cbs news, new york. ♪ >>> tonight, we've got a lot of news to cover.

wendy gillette reports. >> oh, my goodness.ntrepreneur obvious talia yes, ma'am shunnia is one of the many americans changing the meaning of wfh. for them, the acronym doesn't just mean work from home, but work from hotel. the former los angeles resident now lives in playa del carmen, mexico, and has started spending some of her workdays inside these new pods at the family-friendly, all inclusive sincere ra resort in spot south of cancun, renting a remote office for $30 a day. >> it's a beautiful environment. you have room service. i don't have to think about cooking. >> reporter: the work spaces are a partnership between the hotel, where we stayed for a reduced rate, and a company called remo, which had a launch date in ukraine two days before the war started. plan b was a handful of modular office spaces recently installed at sincere ra, which remo's ceo, who is still based in kyiv, just visited. >> i'm lucky because my family helped me a lot, and my friends together with me. and my team also. >> reporter: now that the compan

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remain in the entertainment market avon and mary kay new yorker and collins waikiki and tom ford gillettebig brands are also still operating. also, zippo is reducing but not ceasing business. gap house crop and mango brands in the financial sector unicredit raiffeisen bank , the european bank for reconstruction and development, which previously worked in auchan and globus supermarkets, and the metro shopping center chain agreed to stop investments and reduce the amount of advertising in the food market, there are also a lot of mines here, analyst maksym dzhigun told us . do you know how many problems there were with coca-cola, which did not want to leave the russian market until the last moment, and even now this company remains in the entire zone, because from its entire product line they they sell one - it's some caffeinated coffee, er, coca-cola for some very narrow segment, but they still produce it in russia, after all, and the good old original coca-cola didn't go anywhere, just changed the inscription on the bottle old cheekbones in ukraine have a memory i remember that once upon a

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gillette i just always thought, “dog food is dog food” i didn't really piece together that dogs eat food soon as we brought the farmer's dog in, her skin was better, she was more active. if i can invest in her health and be proactive, i think it's worth it. visit betterforthem.com >> four rail unions have lined for a possible railroad strike that would cost the u.s. economy a billion dollars in just the first week. this comes as holiday shopping ramps up and americans search for deal while inflation remains high. we have coverage with nate foy in new york city and lucas tomorlinson in nantucket. and we'll start with you lucas where the president spent the holiday. >> from breezy nanette nantucket where president biden took his christmas list. and he spent the most time in a local bookstore and a lunch in a restaurant. and he enjoyed shopping off the coast of massachusetts around the world thousands of amazon workers off the job citing low pay and working conditions. and the white house responding to the protests in tweet saying in port, supporting working people is how we build from the

wendy gillett, cbs news, lafayette, new york. >>> october was blindness awareness month. when community came together to fix up a blind woman's home. our reporter shows us how the project is now coming along. >> reporter: from the front yard to the backyard, this community has it covered. >> i have been stunned. it is like, all of a sudden, i have a whole family here. >> reporter: blind from the time she was a baby, she did not realize how run down her home of 30 years had become. that is when her neighbor rounded up the community to fix it up for free. >> we all did yield, what you call this? the deal was sealed. >> it renews my hope. his last 2 years , there was a lot of separation and a lot of divisiveness, not just in our country , but in our neighborhood. we just did not know each other. >> reporter: they know each other now, working side-by-side. everyone here is volunteering. >> i feel blessed to live in a community where we can put our differences aside, and help our fellow neighbor. >> reporter: i am the one he was blessed by what they are doing. they are the sto

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duration was gillette and coca-cola.hen we have low interest rates and then they chase dot-com. same story in 2010 you had lbj great society in '68. china in '02 and covid stimulus in 2020. then the revenge of the old economy. inflation starts to rise then you have interest rates go up and higher interest rates do what they cause investors to bring that duration in oil companies and industrials and old economy is short duration tech and growth is long duration think about the idea of low inflation in 2010. now higher inflation and shorter dur duration that is a dynamic. we can go back to '60s to '70s and '90s to 2000s. >> and we are hoping for more of the same we think it is time. we know the fed is telling us the pace of rate rise is going forward or perhaps not at 75 we are looking at pce this week. if things are changing and the interest rate scenario, what does it mean for the oil majors? >> when we look at the longer term story, the core problem with the old economy is the idea of under invesinvestment this is what