the american economy and the prices you re paying for everything. tonight, the new and encouraging signs. the slight improvement on inflation. combine that with falling gas prices and what economists tonight are now cautiously saying. we have new reporting here after the fiery crash landing on a california freeway. the plane making that emergency landing, hitting a truck, bursting into flames. how the pilot survived this, trying to save lives as he came down. the alleged murder for hire plot. tonight, an iranian national charged in an alleged plot to assassinate former trump nsa adviser john bolton. that suspect still at large. the u.s. tonight sending a blistering warning to iran. the war in ukraine tonight. and g7 leaders now demanding russia turn the largest nuclear power plant in europe back over to the ukrainians. and tonight, ukraine claiming it destroyed nine russian war planes in that crimea blast. back here at home tonight, authorities releasing new surveilla
4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and then a
white house. we re making progress. we re getting other prices down as well. we have more to do. o donnell: ukraine s counteroffensive, russian forces on the run as president zelenskyy says ukrainian troops have liberated thousands of square miles of territory. cbs s debora patta reports tonight from kharkiv. california mudslides, a tidal wave of mud as thousands are evacuated or ordered to shelter in place. cbs s mark strassmann is at the scene. this wall plus sandbags underneath it is what saved my house. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening and thank you for joining us this business tuesday night. as we come on the air the coffin of queen elizabeth is now at buckingham palace. it was an emotional return home as thousands lined the streets of london to catch a glimpse of the only monarch many of them have ever known. the late queen arrived at the palace for the final time, her official resi
the american economy and the prices you re paying for everything. tonight, the new and encouraging signs. the slight improvement on inflation. combine that with falling gas prices and what economists tonight are now cautiously saying. we have new reporting here after the fiery crash landing on a california freeway. the plane making that emergency landing, hitting a truck, bursting into planes. how the pilot survived this, trying to save lives as he came down. the alleged murder for hire plot. tonight, an iranian national charged in an alleged plot to ail says nate former trump nsa adviser john bolton. that suspect still at large. the u.s. tonight sending a blistering warning to iran. the war in ukraine tonight. and g7 leaders now demanding russia turn the largest nuclear power plant in europe back over to the ukrainians. and tonight, ukraine claiming it destroyed nine russian war planes in that crimea pblast. authorities releasing new surveillance of that missing 16-y
is taking aim at more than scotland s historic st andrew s course. it may look more like an oil rig and an oil painting but this former north sea platform standing more than 100 feet high is being brought into weston super mare to become a major art installation. fix, into weston-super-mare to become a major art installation. major art installation. a pleasantly warm day for major art installation. a pleasantly warm day for many, major art installation. a pleasantly warm day for many, feeling - major art installation. a pleasantly warm day for many, feeling a - major art installation. a pleasantlyj warm day for many, feeling a good deal more comfortable than of late. it continues in the south east of england. the full forecast coming up here on breakfast. it s wednesday, the 13th ofjuly. our main story. conservative mps will cast their first vote today for who they want to replace borisjohnson as party leader. eight candidates are left in the race to become the next prim