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Jack Spear
Live from NPR News. In Washington, I'm Jack Spear. The country's wealthiest tech titans will sit close to President Elect Donald Trump as he takes his oath of office Monday. NPR's Lou Garrett reports. They include Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos and OpenAI CEO Sam Altman.
Lou Garrett
A source familiar with the planning tells NPR the tech billionaires will sit on the inaugural platform on the west front of the US Capitol. Musk, Bezos and Zuckerberg are the world's three wealthiest people with a combined net worth of nearly $940 billion. According to Forbes. Musk spent $250 million to help Trump's campaign. Following Trump's victory, Silicon Valley CEOs have met with the president elect and contributed to his inauguration fund. During his farewell address, President Joe Biden said an oligarchy is taking shape in America. Luke Garrett, NPR News, Washington.
Jack Spear
SpaceX's giant Starship rocket has blasted off the pad from the company's South Texas launch site in its most complicated test flight to date. The booster from the huge rocket then returning back to Earth, where it was caught by a giant mechanical aw key to reusability of the rocket Starship will orbit the Earth and land in the Indian Ocean. Today's liftoff marked the seventh test of Starship, which company founder and CEO Elon Musk hopes will one day take astronauts to Mars. Calmer wins in Los Angeles today, as officials hope the worst is over in the battle against raging wildfires there. Steve Futterman reports.
Steve Futterman
Officials here are beginning to sound more optimistic. The two major fires, the Palisades and Eaton fires, continue to burn, but they have essentially stopped spreading. And with very light winds, fire crews are making significant progress. Still, those who live in mandatory evacuation areas are not likely to return home soon. LA County Fire Chief Anthony Maroney.
Jack Spear
The repopulation of residents will not occur for at least one more week, and.
Steve Futterman
There could be more problems ahead with the fires leaving hillside areas barren. There are warnings of potential mudslides when the areas are hit with winter rains. For NPR News, I'm Steve Futterman. In Los Angeles.
Jack Spear
Filmmaker David lynch has died. Cal Norris reports. Lynch will be remembered for his surreal style of storytelling.
Kyle Norris
David lynch told American stories that were dreamlike and Dark. His 1990s TV series Twin Peaks was about a murdered prom queen. His films included Blue Velvet, Wild at Heart and Mulholland Drive. Lynch told NPR in 2007 he followed one rule, stay true to your own voice.
Jack Spear
That seems to be the best you can do.
Kyle Norris
In the early 1980s, lynch wrote and directed a version of Dune. Lynch did not get the final cut in his contract and hated the end result. David lynch said he learned the hard way to always have creative control. For NPR News, I'm Kyle Norris.
Jack Spear
This is NPR. Virginia Woolf, the 20th century modernist writer known for novels like Mrs. Dalloway and Orlando, was also a poet. That's according to a scholar who unearthed two of Woolf's poems. NPR's Andrew Limbong has more.
Andrew Limbong
They're lighthearted and jokey poems, one dedicated to her nephew Quentin, the other titled after her niece Angelica.
Sophie Oliver
The name was lazy and lovely, but the name was not the whole of her. There was the body and the soul of her.
Andrew Limbong
That's Sophie Oliver, lecturer of modernism at the University of Liverpool. She found the poems at an archival library in Texas in a box of letters Woolf sent to her niece. Oliver says the poems offer a more complete picture of what Virginia Woolf was.
Sophie Oliver
Actually like because they hastily drafted because there's this kind of intimacy, this quietness about them that they're supposed to be this sort of, you know, just a gift and offering to people that she was close to.
Andrew Limbong
While they probably won't win any poetry awards, we now know a bit more about Woolf as a poet and an aunt. Andrew Limbong, NPR News.
Jack Spear
It doesn't appear to be getting any cheaper to come up with the money to buy a home heading into the new year, not only due to home prices, which are still stubbornly high, but borrowing costs are also elevated. Based on the latest numbers, average interest rate on a 30 year mortgage again moved above 7% this week, the first time it's gone above that level since May of last year. Even small moves in mortgage rates can add hundreds of dollars to the monthly cost of five financing a home. Crude oil futures prices fell $1.36 a barrel following stocks lower today, oil ending the session at $78.68 a barrel on the New York Mercantile Exchange. I'm Jack Spear, NPR News, in Washington.
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NPR News Now: January 16, 2025, 6 PM EST
NPR News Now delivers a comprehensive roundup of the day's most pressing news in a concise format. This summary encapsulates the key stories, discussions, insights, and conclusions from the January 16, 2025, 6 PM EST episode, providing an informative overview for those who haven't tuned in.
Host: Jack Spear
Reporter: Lou Garrett
In a significant display of political influence, some of the nation's most affluent technology leaders are set to be in close proximity to President Elect Donald Trump during his inauguration on Monday. Notable figures include:
Lou Garrett reports that these tech billionaires will be seated on the inaugural platform on the west front of the U.S. Capitol. Collectively, Musk, Bezos, and Zuckerberg hold a combined net worth of nearly $940 billion (Forbes). Musk notably contributed $250 million to Trump's campaign, illustrating the intertwining of technology leadership and political power.
The involvement of Silicon Valley elites has sparked discussions about the formation of an oligarchy in America. Referring to President Joe Biden's farewell address, Garrett mentions Biden's concern:
"During his farewell address, President Joe Biden said an oligarchy is taking shape in America." [00:41]
This alignment underscores the significant role that tech magnates play in shaping the nation's political landscape.
Host: Jack Spear
Elon Musk's SpaceX achieved a milestone with the launch of its Starship rocket from South Texas. This test flight is the most complex yet, featuring a booster that returned to Earth and was captured by a giant mechanical arm, emphasizing the rocket's reusability.
Key highlights include:
This advancement not only demonstrates SpaceX's technical prowess but also reinforces Musk's commitment to making interplanetary travel a reality.
Host: Jack Spear
Reporter: Steve Futterman
Los Angeles officials are expressing cautious optimism regarding the ongoing wildfire situation. The Palisades and Eaton fires have ceased spreading, attributed to very light winds, allowing fire crews to make significant progress.
Steve Futterman reports:
"Officials here are beginning to sound more optimistic. The two major fires... have essentially stopped spreading." [01:48]
However, the path to full recovery remains challenging:
LA County Fire Chief Anthony Maroney cautions:
"There could be more problems ahead with the fires leaving hillside areas barren." [02:11]
The community remains vigilant as recovery efforts continue amidst lingering environmental threats.
Host: Jack Spear
Reporter: Kyle Norris
The film and television industry mourns the loss of David Lynch, renowned for his surreal and dark storytelling. Lynch's influential works include the iconic 1990s TV series Twin Peaks and films like Blue Velvet, Wild at Heart, and Mulholland Drive.
Kyle Norris highlights Lynch's creative philosophy:
"His 1990s TV series Twin Peaks was about a murdered prom queen. His films included Blue Velvet, Wild at Heart and Mulholland Drive." [02:36]
In a 2007 interview with NPR, Lynch emphasized the importance of authenticity in his work:
"He followed one rule, stay true to your own voice." [02:58]
This commitment to originality defined Lynch's legacy, making him a beloved figure in modern cinema.
Moreover, Lynch's early career challenges, such as his uncredited and ultimately unsatisfactory version of Dune in the 1980s, taught him the value of creative control—a lesson that shaped his future projects.
Host: Jack Spear
Reporter: Andrew Limbong featuring Sophie Oliver
In a remarkable literary find, scholars have uncovered two previously unknown poems by Virginia Woolf, the esteemed modernist writer known for Mrs. Dalloway and Orlando. This discovery enriches our understanding of Woolf's artistic breadth.
Andrew Limbong reports that the poems, titled after her relatives—Quentin and Angelica—are characterized by their lighthearted and intimate tone.
Sophie Oliver, lecturer of modernism at the University of Liverpool, comments:
"They offer a more complete picture of what Virginia Woolf was." [03:32]
Further elaborating on the nature of these poems, Oliver states:
"Actually like because they hastily drafted... just a gift and offering to people that she was close to." [03:58]
While these poems may not claim literary accolades, they provide valuable insights into Woolf's personal life and poetic expressions, showcasing her versatility beyond prose.
Host: Jack Spear
The housing market continues to present financial challenges as both home prices and borrowing costs remain high entering the new year. Recent data indicates that the average interest rate on a 30-year mortgage has surpassed 7%, a peak not seen since May of the previous year.
Implications include:
This financial strain underscores the complexities consumers face when attempting to finance home purchases amidst economic volatility.
Host: Jack Spear
In the energy sector, crude oil futures saw a decline, dropping $1.36 per barrel. This decrease follows a broader downturn in stock markets, with oil closing the session at $78.68 per barrel on the New York Mercantile Exchange.
Factors influencing this drop may include:
The reduction in oil prices can have wide-ranging effects, from consumer fuel costs to the profitability of energy companies.
NPR News Now continues to provide timely and detailed updates on the events shaping our world. For more information and daily news, visit NPR News Now.