CBS Evening News S2024E344 - Episode 344

The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains. We are learning more about the background of a 15-year-old girl who authorities said opened fire Monday at a Christian school in Madison, Wisconsin, killing two people and wounding six others. Ian Lee reports from Madison. Luigi Mangione, the man indicted on murder charges in the shooting death of UnitedHealthcare CEO Brian Thompson, is expected to waive extradition back to New York, his lawyer said Wednesday. Mangione is currently in custody in Pennsylvania. The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more. A bipartisan House deal on a short-term funding measure that would avoid a potential shutdown and keep the government operational through March appeared to have been scrapped Wednesday after President-elect Donald Trump, Vice President-elect JD Vance and some hardline Republican lawmakers came out against it. Nikole Killion has details from Capitol Hill. A 15-year-old girl who fell victim to artificial intelligence-created deepfake pornography is pushing Congress to pass a bill that would require social media companies and websites to remove non-consensual, pornographic images created with AI. Jim Axelrod reports. Analysts estimate Bashar al-Assad's regime raked in $5 billion per year from the Captagon drug trade, dwarfing Syria's official budget and making it a lifeline for the bankrupted country. Imtiaz Tyab has new details about what was discovered about the trade after Assad's rule collapsed.