Japan is raising interest rates after decades of very low borrowing costs. The episode examines how the change affects borrowers, savers and investors, and who may benefit from more expensive borrowing.
Key Facts
Japan had kept borrowing costs very low for decades.
Japan is now raising interest rates.
A homeowner discusses preparing for higher mortgage costs.
A saver considers bringing investments back to Japan.
The programme explores who benefits from rising borrowing costs.
The episode features a former Bank of Japan rate-setter.
Sam Fenwick presents the 17-minute episode, produced by Gideon Long.
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Stephen Moore, a former economic adviser to President Donald Trump, said Federal Reserve Chair Kevin Warsh faces a difficult choice ahead of the Fed’s interest-rate meeting this week. The article excerpt does not provide further details about Moore’s comments or the Fed’s expected decision.
Key Facts
Stephen Moore previously served as an economic adviser to President Donald Trump.
Moore described Warsh’s position as tough ahead of the Federal Reserve meeting.
The Fed’s meeting this week concerns interest rates.
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One year after the fall of El-Fasher in Sudan, the UK sanctioned 15 military officials over brutality and abuse of civilians during the city’s capture. The program also covered Algeria’s planned deployment of army units to Niger to protect its interests, and migrants’ fears in Durban amid a stalled asylum process and a recent fatal attack on a foreign national.
Key Facts
The report marks one year since El-Fasher fell.
The UK sanctioned 15 military officials over abuse of civilians during the fall of El-Fasher.
Algeria plans to send army units to Niger to protect energy and economic interests.
The program reported that a foreign national was beaten to death in Durban.
The report linked migrants’ fears in Durban to a stalled asylum process.
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Treasury Secretary Scott Bessent mocked former President Barack Obama outside a Cheesecake Factory in Washington on Monday. Bessent said Obama built a museum that looked like “Darth Vader’s tomb,” after Obama compared recent White House renovations to the restaurant chain.
Key Facts
Scott Bessent is the Treasury secretary.
Bessent spoke outside a Cheesecake Factory in Washington on Monday.
Bessent mocked former President Barack Obama.
Bessent described a museum built by Obama as looking like “Darth Vader’s tomb.”
Obama had likened recent White House renovations to the Cheesecake Factory.
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CBS News contributor Chuck Rocha and former Republican National Committee spokesperson Kevin Sheridan discussed how Democrats and Republicans are trying to appeal to voters ahead of the midterm elections. The article does not describe specific strategies.
Key Facts
Midterm elections are approaching.
Both major parties have deployed strategies to appeal to voters.
Chuck Rocha is a CBS News contributor.
Kevin Sheridan is a former Republican National Committee spokesperson.
Rocha and Sheridan discussed the parties’ approaches in a CBS News segment.
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Activists have put proposed bans on transgender girls and women competing in female school sports on the ballots in Colorado and Washington, despite state officials having rejected such bans. Supporters say they expect the measures to pass, as some Democratic leaders reconsider their positions and polls show general public support for bans.
Key Facts
Colorado and Washington are described as reliably Democratic states.
Elected officials in both states have rejected efforts to ban transgender women and girls from female sports competitions.
Activists used ballot measures to put proposed bans before voters.
The proposed bans focus on transgender girls and women competing in female sports.
The article says polls show Americans generally support such bans.
Supporters hope victories will encourage similar ballot efforts elsewhere.
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President Donald Trump offered $1 million for information about voter fraud that leads to an arrest and conviction, eight days before the November 3, 2026, midterm elections. He did not explain how the reward would be funded or administered; the article notes that studies find voter fraud exceptionally rare and that Trump has repeatedly made baseless claims about the 2020 election.
Key Facts
Trump announced the reward on Truth Social on October 26, 2026.
The offer covers alleged fraud in past elections and the 2026 midterms, and requires an arrest and conviction.
Trump gave no details about how the reward would be funded or administered.
The midterm elections are scheduled for November 3, 2026.
The article says polls showed Democrats pulling ahead as Republicans sought to retain control of both chambers of Congress.
Studies have consistently found voter fraud exceptionally rare, according to the article.
Trump also offered $5,000 to every adult American citizen if Republicans retained both chambers, a proposal that would require congressional approval.
Trump said he personally ordered a Justice Department lawsuit seeking to block Alaska from certifying its Senate result if Republican incumbent Dan Sullivan loses; the attorney general denied seeking to overturn the result.
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MS NOW host Joe Scarborough criticized negative reactions to a recent joke by former President Barack Obama about the Cheesecake Factory and the White House. Scarborough made the remarks Monday on “Morning Joe.”
Key Facts
Joe Scarborough discussed reactions to Obama’s joke on “Morning Joe.”
Scarborough called the negative reaction “stupid.”
The joke involved the Cheesecake Factory and the White House.
The article describes Obama as a former president.
Scarborough compared the reaction with attention to comments by President Donald Trump.
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President Donald Trump said Brazil’s presidential election “looked” rigged after President Luiz Inácio Lula da Silva won reelection. Trump said he had not taken sides but criticized how the election appeared to him.
Key Facts
Lula da Silva won reelection in Brazil’s presidential election.
Trump commented on the result Monday.
Trump said the election “looked terrible” to him.
Trump described the election as appearing to be “another rigged election.”
Trump said he had not taken sides.
The election took place Sunday, according to the article.
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An Illinois man faces federal charges over letters containing a white substance that he mailed to four members of Congress this month. Authorities say his act was inspired by reports of suspicious packages sent to lawmakers and election officials around the country.
Key Facts
Matthew Unglesbee is 37 years old.
Unglesbee is from Illinois.
He faces federal charges related to mailing letters containing a white substance.
The letters were sent to four members of Congress this month.
The article identifies one charge: providing false information.
The reported inspiration was news of suspicious packages sent to dozens of lawmakers and election officials nationwide.
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Former South Carolina Republican Governor David Beasley and former Democratic Governor Jim Hodges endorsed Democrat Annie Andrews in her U.S. Senate race against Republican Darline Graham. Recent polls cited in the article show Andrews close to Graham, but South Carolina has a strong history of Republican support.
Key Facts
Beasley and Hodges announced their endorsement of Andrews in a campaign video released Monday.
Beasley served as South Carolina governor from 1995 to 1999 and led the United Nations World Food Programme from 2017 to 2023.
Andrews's campaign said more than 100 Republicans had joined its “Republicans for Annie” coalition.
An InsiderAdvantage poll conducted September 28–29 among 1,200 likely voters showed Graham at 46 percent and Andrews at 45 percent, with a margin of error of plus or minus 2.83 percentage points.
A second InsiderAdvantage poll, conducted September 8–9, showed Graham at 45.1 percent and Andrews at 43.2 percent.
Pollster Matt Towery said almost 10 percent of Republicans surveyed in the September 28–29 poll supported Andrews.
Donald Trump won South Carolina by nearly 18 percentage points in 2024, according to the article.
Darline Graham was appointed to fill the Senate seat after Lindsey Graham died in July, then won the Republican special primary runoff.
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Elon Musk said Ukraine violated Starlink’s rules by using the civilian satellite internet network for an offensive drone strike. Ukrainian officials disputed his claim. CBS News interviewed Clayton Swope of the Center for Strategic and International Studies about the dispute.
Key Facts
Elon Musk is the CEO of SpaceX.
Musk said Ukraine violated Starlink’s rules.
He claimed Ukraine used Starlink for an offensive drone strike.
Starlink is described in the article as a civilian satellite internet network.
Ukrainian officials disputed Musk’s statement.
Clayton Swope is deputy director of the Aerospace Security Project at the Center for Strategic and International Studies.
Swope joined CBS News to discuss the dispute.
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Briahna Joy Gray, Bernie Sanders’ former 2020 campaign press secretary, accused Representative Alexandria Ocasio-Cortez of misrepresenting a remark about “Woke 1 was crazy.” Ocasio-Cortez said she meant that progressive politics should welcome more people without changing its principles; Gray argued the remark was made in response to questions about calls to abolish prisons and police.
Key Facts
Gray served as national press secretary for Sanders’ 2020 presidential campaign.
Ocasio-Cortez made the remark during an August interview on ABC’s This Week.
Host Jonathan Karl asked Ocasio-Cortez about Wisconsin state representative Francesca Hong’s past statements on abolishing prisons and police.
Ocasio-Cortez said candidates should be assessed based on what they say now and said rhetoric from the pandemic period was not rhetoric progressives would use today.
Gray posted on X that Ocasio-Cortez was lying and cited Karl’s question as context for the remark.
Ocasio-Cortez said she did not support many positions in the Democratic Socialists of America platform, including abolishing the police and prison system and abolishing the Senate.
Hong lost the Democratic primary for Wisconsin governor to Milwaukee County Executive David Crowley.
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Health and Human Services Secretary Robert F. Kennedy Jr. announced that more than 250 hospitals have signed a pledge to serve healthier meals to patients. The announcement advances the Make America Healthy Again agenda’s focus on treating food as medicine.
Key Facts
Kennedy made the announcement on Monday.
More than 250 hospitals have signed the pledge.
The pledge calls for hospitals to serve healthier meals to patients.
The initiative is part of the Make America Healthy Again agenda.
The agenda focuses on treating food as medicine.
Kennedy spoke at a press conference hosted at the Corewell Health Lifestyle and Culinary Medicine program.
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The CBS News page lists an Oct. 26 episode of “The Takeout with Major Garrett.” Its featured topics include President Trump’s rhetoric toward El-Sayed and Israel’s first parliamentary election since the Oct. 7, 2023 attacks.
Key Facts
The listed episode of “The Takeout with Major Garrett” runs 45 minutes and 46 seconds.
The page says Israel is holding its first parliamentary election since the Oct. 7, 2023 attacks.
The episode listing says President Trump intensified his rhetoric against El-Sayed.
Other listed segments cover Trump and Barack Obama holding rallies ahead of the midterms.
The page lists coverage of flooding on both U.S. coasts and a manhunt for an escaped murderer in Tennessee.
Other listed topics include voter concerns about high costs in Texas and a court ruling on some votes.
The page also lists a segment about reports of cracks in some iPhone Duo devices.
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President Donald Trump is campaigning in heavily Republican states ahead of the midterm elections. On Monday, he is scheduled to court voters in Mississippi for Sen. Cindy Hyde-Smith.
Key Facts
Trump is the current U.S. president.
Trump is campaigning in heavily Republican states.
The campaign visits aim to court Republican voters ahead of the midterm elections.
Trump is scheduled to campaign for Sen. Cindy Hyde-Smith in Mississippi on Monday.
CBS News report Skyler Henry covered the campaign plans.
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Republican Representative Ashley Hinson and Democratic state Representative Josh Turek are presenting themselves as willing to work across party lines in Iowa’s open U.S. Senate race. The contest to replace retiring Senator Joni Ernst is rated a toss-up by the Cook Political Report, and both campaigns are courting independent voters amid concerns about costs and other issues.
Key Facts
Hinson and Turek are competing for the Senate seat being vacated by Republican Senator Joni Ernst.
The Cook Political Report has rated Iowa’s Senate race a toss-up.
Turek described himself as a “proud moderate” and said President Donald Trump handled border control better than former President Joe Biden.
Hinson said she would support people who agree with her on issues important to Iowa and challenge them when she disagrees.
Hinson called for an immediate end to the conflict in Iran, saying it was putting economic pressure on Iowans.
Turek criticized Democrats for focusing too much on cities and not enough on rural communities.
The candidates have questioned whether the other is sincere about working across party lines.
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Luiz Inácio Lula da Silva was declared the winner of Brazil’s presidential runoff after trailing his rival in the first round. His opponent, Flavio Bolsonaro, disputed the result and called for it to be annulled. The article examines the challenges facing Lula’s planned fourth, nonconsecutive term and his promise to govern differently.
Key Facts
Lula was declared the winner of the runoff vote on Sunday.
Lula had lost to his right-wing rival in the first round.
The article describes the win as a first for Lula after losing the first round.
Flavio Bolsonaro disputed the result and said he wanted it annulled.
The article says this will be Lula’s fourth nonconsecutive term in office.
Lula promised a new approach to governing.
The discussion features political risk specialist Thiago Vidal, Latin American affairs analyst Robert Valencia, and political science professor Graziella Testa.
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A federal judge ruled that the Trump administration illegally fired former prosecutor Maurene Comey, finding that it exceeded its authority by removing protected federal employees without cause. The judge ordered back pay and retroactive reinstatement for the period from her firing through December; the administration said it will appeal.
Key Facts
U.S. District Judge Jesse Furman issued the ruling on Monday.
Maurene Comey was fired on July 16, 2025, after serving as an assistant U.S. attorney in Manhattan since 2015.
Furman rejected the administration’s argument that the president can fire federal prosecutors without cause despite protections set by Congress.
The judge granted Comey back pay and retroactive reinstatement from the date of her firing through December.
Comey’s lawsuit argued that her firing violated laws against politically motivated dismissals of civil servants.
Her legal team argued the firing was connected to President Donald Trump’s hostility toward her father, James Comey, a former FBI director and Trump critic.
Maurene Comey worked on cases involving Jeffrey Epstein, Ghislaine Maxwell and Sean Combs.
The administration said it disagrees with the ruling and will appeal.
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President Donald Trump and former President Barack Obama campaigned around the United States ahead of the midterm elections. A CBS News poll found that Democrats are on track to take control of the House of Representatives.
Key Facts
Trump and Obama made campaign appearances across the country.
Their campaign events took place ahead of the midterm elections.
A CBS News poll found Democrats on track to take control of the House.
The article describes the events as dueling midterm rallies.
CBS News contributor Kyle Kondik discussed the poll.
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