On the island of Sardinia, thousands of firms are not using traditional money to buy, sell, or pay salaries. They use Sardex, a virtual currency that allows businesses to earn and spend without relying on the euro, or on banks that wouldn’t lend. Seth Doane reports on how the Mediterranean island is creating a new kind of wealth. Source

Comedian Scott Aukerman has written for the Grammys and Oscars, starred in his own TV show and helped create a podcasting empire. He also co-created the popular online series “Between Two Ferns” with host Zach Galifianakis and last month celebrated the 500th episode of the completely-improvised show “Comedy Bang! Bang!” Jamie Wax reports. Source

The 15-time Emmy-winning series, “The Amazing Race,” is about to film its 30th season. But the show’s host, Phil Keoghan, has been busy with another show about traveling the world called “Flying High with Phil Keoghan.” Keoghan joins “CBS This Morning” to discuss the inspiration behind his new series for the Smithsonian Channel and his documentary in which he retraces the route of the 1928 Tour De France on an original 1928 bike – which weighs about twice as much as modern ones. Source

Chicago faces an epidemic of gun violence. This year alone, more than 2,100 people have been shot, and more than 400 have been killed. The Fourth of July weekend was especially violent. Adriana Diaz gained unique access in some of Chicago’s toughest neighborhoods that weekend for “CBSN: On Assignment,” which airs on Monday, Aug. 7, at 10 p.m. ET/PT on CBS. Source

A Massachusetts woman was sentenced to 15 months in jail for using text messages to encourage her friend to commit suicide. A judge ruled Michelle Carter will not have to go to jail until all of her state appeals are exhausted. She was convicted of involuntary manslaughter in the death of Conrad Roy in June. “48 Hours” correspondent Erin Moriarty spoke with Roy’s family after the sentencing hearing. Source

The cause of a massive fire at one of the world’s tallest residential buildings is under investigation. Dramatic video shows the flames engulfing part of the Dubai skyscraper overnight. The fire sent chunks of debris crashing to the ground. This is the second time in recent years the building known as “Torch Tower” has caught fire. Jonathan Vigliotti reports. Source

A CBS News investigation has learned Ford may be closer to a major recall due to possible carbon monoxide leaks in Explorers. It could affect police departments across the country who have complained of possible fumes seeping into the SUVs and sickening officers. Kris Van Cleave reports. Source

President Trump’s trip to Huntington, West Virginia, Thursday night featured another all-out defense of his campaign. He told thousands of supporters Democrats are “obsessed” with the idea that his campaign had ties to Russia. Major Garrett reports. Source

A company best known for selling detergent is hoping to start a new discussion about race in the U.S. DeMarco Morgan has more on Procter & Gamble’s thought-provoking new ad. Source

The 44-acre farm that inspired E.B. White’s book “Charlotte’s Web” is up for sale for $3.7 million. CBSN’s Reena Ninan has more. Source