April 30: CBS News Highlights, 4 PM Eastern Time

Breaking news reports from CBS chronicle the latest developments this afternoon.

Economic Decline in the United States

Recent statistics reveal a contraction in the U.S. economy, sparking concerns in the financial market, with stock values experiencing a notable decline.

Impact on Businesses Due to Tariffs

As new tariffs come into effect, businesses are preparing for potential shortages in supplies, leading to strategic adjustments to manage the impending constraints.