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A
Hey, everybody, Ted Danson here to tell you about my podcast with my longtime friend and sometimes co host Woody Harrelson. It's called Where Everybody Knows yous Name. And we're back for another season. I'm so excited to be joined this season by friends like John Mulaney, David Spade, Sarah Silverman, Ed Helms, and many more. You don't want to miss it. Listen to Where Everybody Knows yous Name with me, Ted Danson and Woody Harrelson sometimes, wherever you get your podcasts.
B
Hey everybody, and welcome to here's the Scoop from NBC News. I'm Laura Jarrett filling in as your host today. Got a jam packed show for you today. Fired CDC Director Susan Minarez testified in front of the Senate. The president is in the UK and one of the founders of Ben and Jerry's is hitting the rocky road. We'll tell you why. But first, are you looking to refinance or buy a new home? Do you need a car loan? Then listen to me right now because after months of back and forth and a fair amount of late night ire from the President of the United States, the Fed announced today that it is cutting interest rates by a quarter of a point. Now, that may not seem like a lot, but this is the first cut of the year. The vote on the Fed's rate setting committee was 11 to 1. The lone dissenter, President Trump's brand new appointee, Stephen Myron, who was sworn in just this week, he was advocating a larger cut. There is a ton of backstory here leading up to this moment. And so for more, I'm gonna bring in the big guns here. I need to bring in NBC News business and data correspondent and co host of this very podcast, Brian Chung, to help me out here. Brian, thank you for joining.
C
Laura, what's up? It's cool to be on this side of the chair.
B
It's fun, right?
C
Super fun.
B
Brian, I've always wanted to do the you get a car, you get a car, you get a car moment. And I feel like today's the day for that.
C
Yeah, you get an interest rate cut and you get an interest rate cut.
B
So you can buy your car. And before this news even came out, we saw the market adjusting in certain ways, which I found interesting. Pricing in the cut, if you will, mortgage rates in particular, coming down. Where are consumers, borrowers? Where is like the average person gonna feel this the most?
C
Well, I think that the average consumer is already seeing it to your point. And there's this weird dynamic where the Federal Reserve, they set these Interest rates. But when you think about the consumer facing interest rates that we pay on your credit cards, on your mortgage, on your auto loan, those are all things that are kind of set by the market. So they've already, to your point, priced in the expectation that the Federal Reserve would cut today and that they might even cut further in the few months to come after this. So when you take a look at the mortgage rate, it was something like seven, seven and a half percent at the beginning of this year. Now it's almost touching 6%. I mean, that is a huge difference for a lot of home buyers that have been essentially iced out of the market. And so they're already feeling that. But I think that's also a sobering reminder to people that because of the news today of the Federal Reserve cutting interest rates, they shouldn't expect that the mortgage rates are going to go down another 1% because the markets have already kind of priced that in.
B
Why is this happening now? Like, of all the times in the year, why, why is the Fed doing this in this moment?
C
Yeah, well, first off, the Fed hasn't cut interest rates since the end of last year. And so it's been kind of this, like, stalled out period where people have been wondering, why didn't the Fed cut interest rates earlier in 2025? And it was because earlier in the year we were looking at inflation, which was kind of just stagnating, just kind of going sideways, and a jobs market that was roaring on all cylinders. I mean, we were seeing over a hundred thousand jobs added per month on a regular basis, which a lot of economists are saying, whoa, that is really good. And so the Fed didn't want to rock the boat because inflation was looking okay, the jobs market was looking super strong. And you would only want to cut interest rates into an economic environment where you're worried about either, you know, the jobs market deteriorating or perhaps the inflation picture changing substantially where we are now, because the last two or three months, let's say, inflation has gone up as a result of, in part the tariffs. And then we've also seen the jobs market really, really slow down.
B
Yeah.
C
And so for that reason, the Fed is saying, okay, well, we might need to lower interest rates to make sure that these businesses, who are the ones that make the decision to hire people, have the room to continue to hire people, otherwise this jobs market could end up deteriorating further. So that is the reason why, you.
B
Know, and they're not worried about inflation skyrocketing in that sense?
C
Yeah, well, they're basically choosing one side over the other because inflation is going up. And normally you wouldn't have the Fed cutting interest rates into an environment where INFL is rising, but they're kind of thinking here is that the tariffs could be a temporary situation, but we're gonna focus on hiring because the only thing worse than prices going up is layoffs en masse, which is not happening right now. But it's a fear that the Federal Reserve has.
B
Do you think that's part of what's driving the White House to be so sensitive to this issue?
C
Absolutely. I think that when it comes to the story of Donald Trump in his first year, in his second term, he campaigns so strongly on the economy, the economy, the economy. And so for that reason he needs to make sure that there is a rosy interpretation of what's going on in the economy. And I want to point out that we are not in a recession, we're nowhere close to a recession. But the picture as of late has been one of caution because again, you don't want inflation going up while the jobs market is deteriorating. And that is exactly what's happening right now. And for the Federal Reserve, which is a nonpartisan institution, for the time being, they need to make sure that they're steadying that ship so that the economy is in a good place. Because regardless of what political side you're on, you want people to have jobs and you want prices to not rise at a substantially fast pace.
B
You say for the time being. And I think part of the reason you said that is because of all of the drama surrounding who is at the table when making this decision. Right. So like the Fed typically thought of is on its own, maybe not completely in isolation from any political influence, but really supposed to be operating independently, historically at least. The idea that now the person who the President fired, Lisa Cook, is in the same room as his hand picked guy, Stephen Myron. Awkward.
C
Yeah, super awkward. And the craziest thing about all this, Laura, was that we didn't even know cuz this is a two day meeting. So the Federal Reserve Board of Governors has been deliberating since yesterday. We didn't even know as of Monday night who was going to be in this room because there were these two concurrent tracks. The first was happening in the Senate where they were trying to push the nomination of Trump's appointee, Stephen Myron, who by the way is his top economic, one of his top economic advisors. We have not seen that, Never seen that, never seen that. But anyway, the Senate did end up pushing his confirmation through, so he made it that was happening at the same time that we were paying attention to developments out of a court in D.C. over whether or not they would take on the Trump challenge to letting Lisa Cook, who was a Biden appointed Fed governor, to serve in her role at this particular meeting while they tried to advance these allegations of mortgage fraud, which again, she has not been charged with.
B
And she has denied any wrongdoing.
C
And she has denied any wrongdoing. So again, but the court did say on Monday night that she could be in that room. And so you had both of them that were there. I wish I could be a fly on that wall to see what that interaction was like as that meeting began yesterday.
B
And the story's not over because Lisa Cook has her job for now, but it may not be there if the Supreme Court says the president can fire her.
C
Yeah, I think the big takeaway here is that the reason why the White House is so interested in this and trying to get their people on the board is not necessarily because of the institution. It's because of the nowism of trying to get lower interest rates. The president has said this on record. He's been saying on Truth Social, as you mentioned, he wants interest rates not just lower, he wants them substantially lower. And the only way to do that is by having your people on the board. So he's got one. Is he going to get more? That is the reason why the Lisa Cook's go to decision is going to be so impactful. Because if she's out, that's one more spot.
B
I think you're gonna be spending a lot of time reading supporting court opinions with me pretty soon.
C
Yeah. All right, we should just book some like some meeting room space right now, shouldn't we?
B
Oh, Brian Chung, thank you.
C
Great to be here, Laura.
B
Appreciate your expertise. All right, we're gonna take a quick break and when we're back, another Capitol Hill face off. Stick around.
D
What's poppin, listeners? I'm Laci Mosley, host of the podcast Scam Goddess. The show that's an ode to fraud and all those who practice it. Each week I talk with very special guests about the scammiest scammers of all time. Wanna know about the fake errors?
B
We.
D
We got em. What about a career con man? We've got them too guys that will wine and dine you and then steal all your coins. Oh, you know, they are represented because representation matters. I'm joined by guests like Nicole Byer, Ira Madison iii, Conan o' Brien and more. Join the congregation and listen to Scam Goddess. Wherever you get your podcasts.
E
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B
And we're back with here's the scoop from NBC News down on the National Mall. Another Washington showdown, but this one is different. This one has to do with your health because the ousted CDC director Susan Menarez went before the Senate Committee on Health, Education, labor and Pensions, AKA help. And it's just weeks after being fired by the health secretary himself, Robert F. Kennedy Jr. Her time at the helm just 29 days. Her claim that she lost the job because she refused to rubber stamp his agenda when it comes to vaccines. Now, she wasn't alone. Deborah Howery, the CDC's former chief medical officer, joined her. She quit in protest after Manara's ouster. Together, they paint this picture of chaos inside the agency. Menaro said Kennedy pushed her to sit down with a lawyer who has pushed to scrap the polio vaccine and leaned on her to change the childhood vaccine schedule, something she said she was open to doing if if there was scientific data to back up that update.
F
As a matter of fact, we got into an exchange where I had suggested that I would be open to changing childhood vaccine schedules if the evidence or science were supportive. And he responded that there was no science or evidence associated with the childhood vaccine schedule. And he elaborated that CDC had never collected the science or the data to make it available related to the to the safety and efforts.
B
To be clear, this testimony comes just one day before the agency's vaccine panel is expected to vote on key vaccine recommendations. These are the things that parents and families all around the country are looking to as guidance. And Menara says the stakes are not theoretical. I want to bring in now NBC News correspondent Ann Thompson, who has been in the hearing room today. You have covered, I don't even want to count how many hearings on Capitol Hill set the scene for us and help people get their heads around. What is she actually saying happened here?
G
Well, you have to remember that Dr. Manaros was fired as head of the CDC after only 29 days on the job. And she laid out a scenario today that said that basically she was asked by the Secretary of Health and Human Services, Robert F. Kennedy, Jr. To rubber stamp anything this vaccine advisory panel may come to decide, and it's going to meet tomorrow and Friday and to do so without looking at the science first. And this is for Dr. Minarez, as she explained to the committee all about science. She also says she was asked to fire CDC officials who has served there without any reason, and she also refused to do that. Secretary Kennedy, in appearing before the Senate Finance Committee a couple of weeks ago, said that he couldn't trust Dr. Manaras. Despite all of that, what is at stake here? And Dr. Manarez made that point. It is the American people's trust in their health system and the health of the American people and how that is going to be changed by a CDC that is run by a man who has long been a vaccine skeptic and who fired all 17 people on this vaccine advisory panel earlier this year and replace them with many of whom are vaccine skeptics as well. So can you trust the people who are now making those decisions? That's the big issue.
B
And I think that that's why it's not just any other regular squabble on Capitol Hill. This is actually about the health and safety of the American electorate. And tomorrow the Vaccine Advisory panel is expected to vote on key recommendations. Ann? Right. So the former director was asked today if she would feel confident telling parents they can now trust the recommendations that come out of this week's meeting. And here's how she responded.
F
I'm very nervous about it. I don't know. They haven't met yet. I know that the medical community has raised concerns about whether or not again, they have the commensurate backgrounds to be able to understand the data and the evidence and to evaluate it appropriately. I haven't prejudged. I don't know what will happen, but I certainly will be watching.
B
If you are somebody who's trying to figure out, okay, what are the standards? How can I trust these recommendations or not? How is a parent supposed to navigate this environment?
G
Yeah, there are a couple of real world concerns here. The cdc, as was pointed out today, does not mandate vaccines. It recommends vaccines. But those recommendations are crucial because insurance companies use them. Then on top of it, it is, okay, what are the recommendations and what does my state mandate? Now we got a little preview of what we may see tomorrow from the vaccine Advisory panel. It was mentioned in the hearing that there will be a new recommendation about Hepatitis B, at least that's what the belief is, that this vaccine advisory panel will change the recommendation, which is every child is vaccinated against HEP B after BIR and that will be moved to age 4. Why will that happen? Well, that was asked of Dr. Minaros and Dr. Howery. They said they don't know. They've never seen the science to back up or to justify that change. Senator Cassidy, the chairman, who is a liver specialist, gave a very impassioned speech at the close of the hearing as to why Hep B is needed in those first few hours at birth because if your mother is infected, you can contract the disease and it can have lifelong effects. And he pointed to the fact that since it's been required since 1991, there has been a decrease of more than 90% of kids that get Hep B and have to suffer their long term effects. That's the science that backs it up. As to why you would change it to age 4, we don't know. Will we see that science tomorrow?
B
Perhaps just based off of all your reporting and people that you talk to within the CDC right now, what's the mood? Because the way the former Director described how RFK Jr talks about some of the employees saying that the CDC employees, again these are his words, according to her, were killing children and don't care if you're just a like career government employee at the CDC just trying to come in and do your job every day. How are you supposed to feel about that?
G
Yeah, and it's not just that. The shooting that happened at the CDC on August 8th really, really shook people. And Doct Dr. Howery talked about that today and sort of the nasty tenor that exists in this country towards public health officials. She said that there were some scientists there who wanted their names removed from papers and didn't want their names used publicly because they didn't want to endanger themselves or their families in this atmosphere. That's extraordinary and that's really disturbing.
B
Does Congress have any real power to do anything when it comes to what the Secretary is doing on vaccines or anything? They're supposed to serve as a check, but can they actually do anything? They can't remove him.
G
No. He serves at the pleasure of the President. The power here really, Laura, is in the political pressure the committee can bring to bear. Can they force Secretary Kennedy to produce scientific data or can they use the political power that they have to either slow down the changes or make sure the changes are backed by science and that these changes are not the result of politics? We'll see. I don't think anybody left that hearing thinking that this committee was really going to move RFK Jr. One way or the other.
B
Ann Thompson, thank you, Laura.
G
It's always good to talk to you.
B
All right, let's get to some headlines. So President Trump has touched down in the UK and he is making history. He is the first American president ever invited for a second state visit. This is a two day trip. It's part royal pageantry, part big ticket diplomacy. Day one kicked off at Windsor Castle where the king, King Charles and Queen Camilla rolled out the royal welcome. I'm talking like horse drawn carriages, military guards, the whole nine yards. Trump sat down for a private lunch with the king and capped the evening off with a state banquet. Next up, a meeting with Prime Minister Keir Starmer at his country home, Checkers to talk trade and tech deals. But outside all this careful choreography and the photo ops and the pomp and pageantry, the pushback has been loud. Protesters turned out in Windsor and London to voice their opposition, making sure this historic visit, it wasn't without controversy. Meanwhile, back at home, the head of U.S. citizenship and Immigration Services has announced significant changes to the naturalization test, stating that the current version of that test is, quote, too easy. The agency has also implemented stricter procedures when it comes to vetting applicants. The press release for this reads in part this by ensuring not only aliens who meet all eligibility requirements, including the ability to read, write and speak English and understand US Government and civics, are able to naturalize, the American people can be assured that those joining us as fellow citizens are fully assimilated and will contribute to America's greatness. Ben and Jerry's co founder Jerry Greenfield is leaving the company, saying he can no longer stay silent about what he's calling Unilever's silencing of the brand's social mission. His fellow company co founder shared a statement on X that said Greenfield's conscience simply wouldn't allow him to stay on. After years of clashes with the parent company over activism, Greenfield argued that Ben and Jerry's was built to be more than just an ice cream company, rooted in values of peace, justice and human rights, independence that he says was promised when Unilever bought the brand back in 2000 for $326 million. The statement didn't directly mention Israel's current military campaign in Gaza, but noted the company has long spoken out on Palestinian rights. And back in 2021, Ben and Jerry's actually stopped selling products in Israeli settlements, calling the area occupied Palestinian territory. And for the very first time, the U.S. constitution is on dispute display in full in Washington, D.C. our nation's capital. This includes all four original pages to the Bill of Rights and the 11th through the 27th Amendments. That, of course, enshrine voting rights, equal protection and the abolition of slavery. Visitors can even see the rarely displayed fifth page, that one signed by George Washington. And for many visitors who've made the trip, seeing the Constitution in person is more than just looking at a bunch of sheets of paper. For Shirley Westbrook, a black woman who brought her grandson Rodney to the archives for the first time, the moment was deeply personal.
D
The Constitution wasn't written for me, but.
G
I'm in the Constitution now.
B
But I'm in the Constitution now. Her words there a reminder that the Constitution isn't just a document behind glass. It is a living promise. A reminder to us all on this Constitution Day. That's gonna do it for us at here's the scoop from NBC News. Thanks for letting me take over the mic for the day. Tune in tomorrow. Signing off now, I'm Laura Jarrett.
D
What's poppin listeners? I'm Laci Mosley, host of the podcast Scam Goddess, the show that's an ode to fraud and all those who practice it. Each week I talk with very special guests about the scammiest scammers of all time. Wanna know about the fake errors? We got em. What about a career con man? We've got them too. Guys that will wine and dine you and then steal all your coins. Oh, you know they are represented cause representation matters. I'm joined by guests like Nicole Byer, Ira Madison iii, Conan o' Brien and more. Join the congregation and listen to Scam Goddess. Wherever you get your podcasts.
Host: Laura Jarrett
Guests: Brian Cheung (NBC News Business & Data Correspondent), Ann Thompson (NBC News Correspondent), Former CDC Director Dr. Susan Menarez, Former CDC Chief Medical Officer Dr. Deborah Howery
This episode covers two headline stories impacting American lives:
Segment Start: [00:32]
Host: Laura Jarrett
Guest: Brian Cheung
Rate Cut Details:
Market Response:
"When you take a look at the mortgage rate... now it's almost touching 6%. I mean, that is a huge difference for a lot of home buyers that have been essentially iced out of the market." — Brian Cheung [02:44]
Why Now?
"You would only want to cut interest rates into an economic environment where you're worried about either... the jobs market deteriorating or... inflation changing substantially..." — Brian Cheung [03:40]
Political Pressure & Fed Independence:
"The reason why the White House is so interested in this... is not necessarily because of the institution. It's because of the nowism of trying to get lower interest rates... And the only way to do that is by having your people on the board." — Brian Cheung [07:26]
"I've always wanted to do the you get a car, you get a car, you get a car moment. And I feel like today's the day for that." [01:48]
"I wish I could be a fly on that wall to see what that interaction was like..." — Alluding to Lisa Cook and Stephen Myron sharing the Fed meeting room [07:14]
Segment Start: [09:31]
Backdrop:
"Menarez said Kennedy pushed her to sit down with a lawyer who has pushed to scrap the polio vaccine and leaned on her to change the childhood vaccine schedule, something she said she was open to doing if... there was scientific data to back up that update." — Laura Jarrett [10:16]
Explosive Testimony:
"He responded that there was no science or evidence associated with the childhood vaccine schedule. And he elaborated that CDC had never collected the science or the data to make it available..." — Dr. Susan Menarez [11:01]
Concerns Raised:
Looming Policy Changes:
Trust and Safety Fears:
"I'm very nervous about it... I know that the medical community has raised concerns about whether... they have the commensurate backgrounds to be able to understand the data and the evidence and to evaluate it appropriately." — Dr. Susan Menarez [13:40]
CDC Staff Morale:
"There were some scientists there who wanted their names removed from papers and didn't want their names used publicly because they didn't want to endanger themselves or their families..." — Ann Thompson [16:31]
Congress’s Role:
"The power here, really, Laura, is in the political pressure the committee can bring to bear..." — Ann Thompson [16:59]
Segment Start: [17:46]
President Trump’s UK State Visit:
Immigration Policy Shift:
Ben & Jerry's Co-founder Resigns:
Historic Display:
“The Constitution wasn’t written for me, but... I’m in the Constitution now.” — Shirley Westbrook [21:14]
"They're basically choosing one side over the other, because inflation is going up... but we're gonna focus on hiring, because the only thing worse than prices going up is layoffs en masse..." — Brian Cheung [04:32]
"It is the American people's trust in their health system and the health of the American people..." — Ann Thompson [12:12]
“The Constitution wasn’t written for me, but... I’m in the Constitution now.” — Shirley Westbrook [21:14]
The episode combines clear journalistic reporting with candid, sometimes wry conversation, especially between Laura Jarrett and Brian Cheung. The more charged segments (CDC testimony) carry gravity and urgency, while headline recaps are brisk and informative.
Today’s episode of "Here’s the Scoop" skillfully connects urgent financial and public health news to larger questions of political influence, trust, and civic life. The discussions go beyond headlines, unpacking the drama and stakes behind major institutions like the Fed and CDC, while contextualizing daily news for listeners eager to understand what matters, and why.