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02.05.2026 5:05
Exxon Mobil, Chevron earnings fall, but top revenue expectations Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has more.

02.05.2026 5:24
US Approves Nearly $9 Billion in Weapons Sales to Mideast States Secretary of State Marco Rubio has approved expedited arms transfers to Israel, Kuwait, Qatar and the United Arab Emirates, bypassing a standard congressional review to rush air defense missiles and laser guidance systems to the Middle East as the Iran war ceasefire seems ever more fragile.

02.05.2026 5:25
How are Americans prioritizing spending amid rising costs? Consumers are cutting back on goods with sharp price increases, according to the Bureau of Economic Analysis. From December to February, spending on clothing fell 7%, spending on furniture fell 5% and spending on sports equipment fell 6%. The Wall Street Journal economics reporter Rachel Wolfe writes in her recent piece that recent inflation is not driven by consumer demand, but by companies passing on increased costs to customers. She joins "The Daily Report" to discuss.