let's bring in now cbs news business analyst jill schlesinger. , let's start with the stock market. what companies were hit the hardest? >> you saw three big ones, by the way. intel, apple, and caterpillar together, the three of them down 10% in the last six trading sessions. why? when you look at where their money is coming from, intel sells 25% of its chips in china. apple and caterpillar, their revenues 18% and 5% respectively. these are companies coming under pressure. >> dickerson: so those are the companies. : nsumers are also taking it in the teeth. larry kudlow, the president's economic adviser, admitted to that. but he also said china will feel some pain. so how do both sides get hit here? >> well, with the u.s. it's much easier to quantify. we know items impacted by tariffs, those prices are rising much faster than the inflation rate. economists believe households will pay $500 to $1,000 on average this year. but china it's a lot harder. first of all, they don't import as much u.s. stuff as we import from them, so that's different. also,

jill schlesinger. let's talk about this. >> reporter: obviously, nothing's really going to change today but i think there will be quite a bit of pressure on companies like uber and lyft to narrow those losses. uber is not betting on ride hailing as its core business. i think they are likely to raise prices for these rides because at some point the shareholders will say, okay. we'll hang around and lose money for a little while but t >> what is the biggest risk? >> reporter: i think the big risk is the one they outlined in the prospect tus. the near term risk is the relationship uber has with its drivers. remember, they're independent contractors. as such, uber does not have to pay benefits, no health insurance, no 401(k), no social security. if that were to change, the financials that uber has projected would be dramatically different. >> so jill schlesinger, thanks so much. we'll keep an eye on it. >> sure. >>> san jose police are on the hunt for whoever opened fire and shot three people in smalsh one

cbs business analyst jill schlesinger explains how this can impact you. >>> and bryan cranston star of show joins us in studio. that's the "cbs morning news" for this friday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com 5 news. >> good morning. i'm michelle griego. >> i'm kenny choi. let's get to the weekend forecast. >> happy friday. we have the big holiday weekend. we have one day where we could see showers. we are looking at the clouds, temperatures running in the mid to upper 50s. it's a mild start. we'll feel that difference but we're looking at that afternoon sunshine. mid-60s. our inland locations may be the low to mid-70s. we'll top out in the for today. right around where we should be. we'll talk about that shower chances a go through the weekend. emily? >>> we have great news. your travel times are all in the green this morning. take

cbs news business analyst jill schlesinger is here with what college grads and their families need toot of people wrestling with this right now as their graduates are coming home. how do you prioritize. >> the first thing you have to do is start tracking your money so encourage your kids to get one of these apps and there are lots of free one, free ones from banks and there's mintz.com. clarity money. find out what's coming in, what's going out. now you'll build in that student loan debt. and you really want to try to figure out how many loans do you have outstanding. what is actually the interest rate of each of those loans and while those companies are going to give you the minimum that's due, you want to pay more than the minimum, the only way to figure out how much more is to track that money going in and out. >> so these students who have debt, on average if they have it they're paying about $400 a month on those loans. you tell people to save but they have the loans. how do they deal with that? >> welcome to adulthood where we have multiple priorities. >> i've been struggling wi

. >>> plus in our tuesday eye on money series, jill schlesinger first before they help their kids pay> and steph curry versus seth curry, a look at how their sibling rivalry is transcending sports. that's the "cbs morning news" for this tuesday. thanks for watching. i'm anne-marie green. have a great day. >>> live from the cbs bay area studios, this is kpix 5 news. >>> looking live at from our exclusive sales force tower north. you can see the color change of blue and gold with the e wester >>> we start off chilly and drizzly. it is tuesday, may 21. >> good tuesday morning to you. we are tracking drizzle as well as sprinkles, light showers this morning in spots. let's get to it on death doppler. we are especially pushing into sentences go in daly city and the sunset district into daly city and as we go across the tri-valley from pleasanton and livermore and to the east of union city, a few showers this morning. your weather headlights, cool and unsettled weather continues. we have a cold front that pushed through late last night and now we look at scattered showers behind the actual f

jill schlesinger will reveal the cities with the most affordable houses. >>> plus, we'll speak to thepopular true crime comedy podcast my favorite murder as they release a new book. >>> and oscar winning director ron howard tells us about his new documentary on opera singer luciano pavarotti. that's the "cbs morning news" for this tuesday. thanks for watching. i'm anne-marie green. have a great day. ♪ (vo) i know what you're thinking. electric, it's not for you. and, you're probably right. electric just doesn't have enough range. it will never survive the winter.gi sta? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪ >>> now at 4:30, taking a live look from our exclusive salesforce tower, looking at the bay bridge and beyond. we are starting a warming trend this morning. it is tuesday, may 28th. good morning. i'm kenny choi. >> and i'm juliette goodrich. michelle has thmoing off. let's get a look at weather and traffic. >> good morning. and good to have you with us, juliet. we are starting off the morning with low clouds. enjoy the sunsh

. >> reporter: cbs news business analyst jill schlesinger says the nightmare scenario is if the presidentlows through on his threat to escalate the trade war even further. >> now we're talking about essentially every single product that comes from china will have ct25% tariff, and that is going to be a big deal. >> reporter: in the meantime, higher prices on chinese-made goods could drive consumers back to items made in the u.s.a. is it making american products more competitive? these tariffs? >> yes. >> reporter: are they selling better these days? >> yes, better than before. >> reporter: but a shift to american products may not offset the impact to the economy. experts are predicting the new tariffs could cost the u.s. more than 900,000 jobs. jeff. >> glor: carter evans, thank you very much. iran's revolutionary guard today ruled out any talks with the u.s. aimed at getting tehran to s.ve up its nuclear program, this as tensions grew with a new show of force in the region. here's david martin. >> reporter: a carrier strike group has already passed through the suez canal and b-52 bombers

jill schlesinger is in our green room with the most affordable cities and why june is a big >>> there's favorite murder" is downloaded 30,000 times a month. the hosts who tell their listeners, stay sexy but don't be get murdered. >>> ron howard talks about growing up in hollywood. that's ahead on "cbs this morning." and talks about growing up in hollywood. that's ahead on "cbs this morning." i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. did you know you can save money by using dish soap to clean grease on more than dishes? try dawn ultra. dawn is for more than just dishes. with 3x more grease cleaning power per drop, it tackles tough grease on a variety of surfaces. try dawn ultra. itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, wi

jill schlesinger discussed it all with john dickerson. >> jill, let's start with the stock market, whicht the biggest. >> intel, apple and caterpillar together. the three of them down 10% in the last six trading sessions. why? when you look at where their money is coming from, intel sells 25% of its chips in china. apple and caterpillar, their revenues 18%, 5% respectively. these are companies coming under pressure. >> so those are the companies. consumers are also taking in the teeth, larry kudlow, the president's economic adviser admitted to that, but he also said china will feel some pain. >> for the u.s. it's much easier to quantify. we know products impacted by tariffs, those are rising much faster than the inflation rate. economists believe households will pay $500 to 1,000 on average. they don't import as much u.s. stuff as we import from them so that's different. also the statistics we get out of china under the best of circumstances are a little bit murky. >> so the president has said if you are one of those consumers who sees your prices going up, you have an option, which is t

joining us now is analyst jill schlesinger. ll, this is significant ask one of the most anticipated i.p.o.s of the year. >> yeah. here, all the real estate agents are getting psyched. because there's going to be more instant billionaires gobbling up more real estate in the state. uber's business is based on an app. by the way, it's also a business that uses gig workers. meaning uber doesn't have to count those members as full- time employees. even with that advantage, according to the offering document, uber lost more than $3 billion in operating losses in 2018. that works out to about an average of 58 cent on each of its 5.2 billion rides last year. analysts say it could be more than a decade before the company turns a profit. investors don't care. saying this might be the next facebook. this will be in the top three tech fieldless. it could be roughly twice as much as ford. more than combined southwest, american airlines together. >> this t doesn't necessarily mean it's a bad investment. tell us why. >> well, look. the company

i don't disagree with that. >> cbs news business analyst jill schlesinger is with us.id the chinese will pay these tariffs and they'll go right to the treasury. is that the way tariffs work? >> no. so the way it works is that the importer, the u.s. importer pays the tariff. who is the importer, retailer, wholesaler, manufacturer of other products. what happens or what has happened is they'll absorb some of that fee in terms of lower margins, or they'll increase prices to consumers. and so it is some combination of that. the problem with these new tariffs is many of these folks who are the importers cannot absorb a 25% tariff. they will likely pass a lot of that on to consumers. >> so what are we as a consumer out there, what are we paying more for in. >> okay. furniture is a big one. building supplies is a big one. shampoo, dog collars. the list goes on. >> dog collars? >> we're very upset about this. baseball mitts, backpacks, luggage, leather handbags, the fabric that goes into fleece. there are thousands of items on this list and, you know, if you like some of the f

cbs news business analyst jill schlesinger is here with how it could affect you. good morning.e 2006. there is so much in this bill, in addition to the things you just listed. for retirees right now, you have to start pulling money out of your retirement account at age 70 1/2. this bill would increase that to age 72. it would allow seniors to put more money in their retirement plans. right now can't put money into an i.r.a. after age 70 1/2. this bill says keep working, put money away. it does help people who are trying to juggle their student loans. families could tap their 529 plans, pay up to $10,000 a year down on their student loans. talked about how small businesses can band together. these are such important ways to help get more people on the road to a retirement plan. >> important since most of us knock on wood hopefully will live longer. is there anything that would help pay for the changes? >> the bill would contemplate the payment for this by changing the rules about inheriting a retirement account. if you're a spouse, there is never a rule about what you are to do

. >> jill schlesinger in new york city always with good advice.> alexa, delete what kenny just said. it can happen. the new feature that wipes the slate clean. and why you may want to use it. >>> we are starting off the day with areas of cloud. cool, cloudy and breezy start to the y. we're tracking a few isolated showers. that can pop up as we head through the afternoon. i'll show you that on future cast. >> alexa, listen up. we have a delay at the bay bridge. you can see the flashing lights there in this live picture. i'll tell what you this is and how far it is backing things up coming up. a little bird told me that you have fast internet and now the best mobile network too? yeah and get them together and save hundreds on your wireless bill. wow, that's great. oh, and this looks great. are these words for sale? go, go, go, go. now you can get fast, reliable internet anthat's simple,s on youeasy, awesome. taxi! should i have stopped her? get started with a limited time offer on xfinity internet for $19.99 a month for 12 months, plus ask how to ge

jill schlesinger joins us now.s the big picture here. >> the economy increased by 15 1/2% between the 10 years, 2007 and 2017. interesting, largest industry, in terms of value added to gdp. real estate. two industries that fell over that period. mining and construction. the report also shows our population is definitely getting older. 17% of the population right now in the u.s. is over the age of 65. that's up from 11% in 1980. and as a result, social help those seniors, it now accounts for just over a quarter of federal government spending. and that's up from 18% back in 1980. >>> how to pay for social security always an issue. >>> all right. switching gears in just a bit. how have workers fared? >> i think the approach is smart. they want to define what's the middle. and these are those that make between on average of 33,000 and 66,000. wages of those folks. wages of their salaries in the middle. they earned $48,695 in 2017. here's the critical issue. that is down from more than 52,000 in the year 2000. and these

cbs news business analyst jill schlesinger says the nightmare scenario is if the president follows throughn his threat to escalate the trade war even further. >> now we're talking about essentially every single product that comes from china will have a 25% tariff, and that's going to be a big deal. >> in the meantime higher prices on chinese-made goods could drive consumer back to products made in the usa. >> sit making american producting more competitive? >> yes. >> experts are predicting the new tariffs could cost the u.s. more than 900,000 jobs. for "cbs this morning: saturday," carter evans, los angeles. >>> that's a big number. for more on this we turn to bob cusack. good morning. >> good morning. >> we looked to china for a deal more than a week ago. what happened? >> china's economy is not doing strong, but about a week ago they started to walk away. that touched people at the white house. that really rattled them. >> you know, one of the big groups that has been affected by this or will be certainly is agriculture. what does that mean for farmers, that reaction, but also the senat