Loading summary
Carvana
This message comes from Carvana. Finance your next car the convenient way with customizable, transparent terms, all online. Make your budget work for you and swap hassle for convenience with Carvana.
Windsor Johnston
Live from NPR News in Washington, I'm Windsor Johnston. Employees in Washington, D.C. who work for the U.S. agency for International Development have been told to stay home today. NPR's Franco Ordonez reports. Tech billionaire Elon Musk has targeted the organization amid efforts to reform the federal government.
Franco Ordonez
He definitely has big intentions here. He says Doge is in the process of specifically shutting down usaid, and he emphasizes that he could not do that without the support of the president. He actually said he went over it with Trump a few times. He asked him was he sure Musk didn't mention any statute or authority that would allow the president to basically skip Congress and shut down the agency unilaterally.
Windsor Johnston
That's NPR's Franco Ordonez reporting. Businesses along the U.S. southern border say they're concerned about the 25% tariffs on Mexican imports that are set to take effect on Tuesday. Angela Kochga from member station KTEP reports from El Paso.
Angela Kocherga
The border is home to many manufacturers and supply chain businesses in both the U.S. and Mexico. The American automotive industry uses some parts that go back and forth across the border multiple times in building vehicles. US Businesses on the border also provide logistics, trucking and warehousing services in this region. Jerry Pacheco, the CEO of the Border Industrial association, says those businesses will feel the impact of tariffs.
Jerry Pacheco
They may not want to hire extra people until they they see what the the effect of tariffs is going to have, so it trickles completely through the supply chain.
Angela Kocherga
Cross border manufacturing in this region also includes U.S. companies that make consumer electro as well as medical devices in Mexico. For NPR News, I'm Angela Kocherga in El Paso.
Windsor Johnston
Stocks on Wall street opened sharply lower this morning as investors try to assess the potential fallout from President Trump's new trade war. NPR's Scott Horsley reports. The Dow plummeted more than 600 points in early trading.
Scott Horsley
President Trump has ordered import taxes ranging from 10 to 25% on all goods coming into the US from Mexico, Canada and China. The tariffs are set to take effect tomor and could raise the price of imported liquor, lumber and thousands of other products. Exports from the US could also take a beating as Canada and Mexico have promised to retaliate with tariffs of their own. Trump acknowledged the tariffs could cause some pain. He opted for a lower tax on Canadian crude oil in an effort to minimize the effect on gasoline prices. The U.S. chamber of Commerce said in a statement that while Trump is right to focus on problems such as illegal drugs and immigration, tariffs are not the answer. Scott Horsley, NPR News, Washington.
Windsor Johnston
On Wall street, the dow was down 604 points. This is NPR News in Washington. Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with President Trump at the White House today. Netanyahu is the first foreign leader to visit Trump since he took office last month. The two leaders are expected to discuss a wide range of issues, including the ceasefire in Gaza and negotiations aimed at the second phase of the agreement. North Korea condemning Secretary of State Marco Rubio for branding it a rogue state and vowed an unspecified response. NPR's Anthony Kuhn reports. It marks Pyongyang's first official comments about the new Trump administration.
Anthony Kuhn
State media quoted the Foreign Ministry, which called Secretary Rubio's remarks a grave political provocation. The report was apparently in response to remarks Secretary Rubio made on the Megyn Kelly Show. On the other hand, the report said that Rubio's remarks simply confirmed that US Policy towards North Korea remains hostile, and Pyongyang would have been more surprised if he had said anything favorable about it. The ministry also criticized U.S. plans for a new missile defense system, saying it would force the north to beef up its own military. Pyongyang has not responded to President Trump's suggestion that he's interested in trying to restart talks with North Korean leader Kim Jong Un. Anthony Kuhn, NPR News, Seoul.
Windsor Johnston
Emergency crews have been deployed to the Greek island of Santorini after a spike in seismic activity raised concerns about a potential earthquake. Officials say more than 200 underwater earthquakes have been recorded within the last several days. I'm Windsor Johnston, NPR News, in Washington.
Carvana
Listen to this podcast sponsor free on Amazon Music with a Prime membership or or any podcast app by subscribing to NPR News Now +@plus.NPR.org that's plus.NPR.org.
NPR News Now: Comprehensive Summary of February 3, 2025, 10 AM EST Episode
Released on February 3, 2025
Reported by Windsor Johnston and Franco Ordonez
In the opening segment, Windsor Johnston introduces a significant development concerning the U.S. Agency for International Development (USAID). Employees in Washington, D.C., were instructed to stay home, signaling potential major changes within the agency. Franco Ordonez provides in-depth coverage of tech billionaire Elon Musk's controversial move against USAID.
Elon Musk has declared his intention to shut down USAID, a move he asserts would not be possible without presidential backing. Ordonez highlights Musk's communication with former President Trump, stating:
"He could not do that without the support of the president. He actually said he went over it with Trump a few times." [00:36]
Furthermore, Musk questioned the legal framework supporting such an action, asking Trump,
"Is he sure Musk didn't mention any statute or authority that would allow the president to basically skip Congress and shut down the agency unilaterally?" [00:36]
This confrontation underscores ongoing tensions and debates over federal government reforms and the influence of private billionaires in public sector decisions.
Reported by Angela Kocherga from El Paso
Angela Kocherga reports from El Paso about the apprehensions among businesses along the U.S. southern border regarding the impending 25% tariffs on Mexican imports set to take effect on Tuesday. These tariffs are poised to significantly impact various sectors, especially those intertwined with cross-border supply chains.
Jerry Pacheco, CEO of the Border Industrial Association, expressed his concerns:
"They may not want to hire extra people until they see what the effect of tariffs is going to have, so it trickles completely through the supply chain." [01:46]
Kocherga elaborates on the breadth of industries affected, noting that the automotive sector relies heavily on parts that traverse the U.S.-Mexico border multiple times during vehicle assembly. Additionally, logistics, trucking, and warehousing services are integral to this region's economy. The potential ripple effect of these tariffs threatens not only cross-border manufacturing but also U.S. exports, as retaliation from Mexico and Canada looms.
Reported by Scott Horsley
The stock market experienced a sharp decline as investors grappled with the ramifications of President Trump's newly announced trade policies. Windsor Johnston relays that the Dow Jones Industrial Average plunged by more than 600 points in early trading [02:08].
Scott Horsley provides further insight, detailing Trump’s imposition of import taxes ranging from 10% to 25% on goods entering the U.S. from Mexico, Canada, and China. These tariffs are scheduled to take effect the following day, potentially increasing the cost of imported goods such as liquor and lumber, and adversely affecting thousands of products.
Moreover, U.S. exports are at risk as Canada and Mexico have signaled intent to retaliate with their own tariffs. In an attempt to mitigate negative impacts, Trump opted for a lower tax on Canadian crude oil to ease gasoline prices. Nevertheless, the U.S. Chamber of Commerce criticized the move:
"While Trump is right to focus on problems such as illegal drugs and immigration, tariffs are not the answer." [02:22]
Horsley emphasizes the broader economic uncertainties and the potential for prolonged market volatility stemming from these trade tensions.
Reported by Windsor Johnston
In international news, Israeli Prime Minister Benjamin Netanyahu is scheduled for a meeting with President Trump at the White House, marking the first visit by a foreign leader since Trump's inauguration last month [03:05]. This high-profile meeting is expected to cover a spectrum of critical issues, including:
The meeting signifies a pivotal moment in U.S.-Israeli relations, potentially shaping Middle Eastern geopolitics and regional stability.
Reported by Anthony Kuhn
North Korea has officially condemned U.S. Secretary of State Marco Rubio's recent statements, marking Pyongyang's first public response to the Trump administration's foreign policy. Anthony Kuhn reports that North Korea's state media labeled Rubio's comments as a "grave political provocation" [03:50].
Rubio had characterized North Korea as a "rogue state" during an appearance on the Megyn Kelly Show, prompting a strong reaction from the North Korean Foreign Ministry. The ministry argued that Rubio's remarks merely reaffirmed the U.S. government's hostile stance towards North Korea, adding:
"Pyongyang would have been more surprised if he had said anything favorable about it." [03:50]
Additionally, North Korea criticized the U.S. plans for a new missile defense system, asserting that it would compel the country to enhance its military capabilities further. Despite President Trump's indication of interest in restarting talks with North Korean leader Kim Jong Un, North Korea has not yet responded positively, maintaining a confrontational posture.
Reported by Windsor Johnston
Emergency services have been mobilized on the picturesque Greek island of Santorini following a surge in seismic activity that has heightened fears of a potential earthquake [04:31]. Officials have recorded over 200 underwater earthquakes in recent days, prompting precautionary measures to safeguard residents and tourists alike.
The increased tectonic movement in the region underscores the volatile nature of Greece's seismic landscape, reiterating the need for vigilant monitoring and prompt emergency response strategies to mitigate the risks associated with such natural phenomena.
This episode of NPR News Now delivered a comprehensive overview of significant national and international developments. From Elon Musk's controversial stance on USAID and the economic repercussions of new U.S. tariffs, to pivotal diplomatic engagements and seismic activities in Greece, listeners were informed of the multifaceted issues shaping the current global landscape. Notable quotes and expert reports provided depth and clarity, ensuring that the audience gains a nuanced understanding of each topic discussed.