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Korva Coleman
In Washington, I'm Korva Coleman. Stock markets in Asia and Europe have plunged today. They're trailing yesterday's enormous slide on Wall Street. The Dow Jones industrial average lost nearly 4% of its value. The tech heavy NASDAQ plummeted nearly 6%. They're all reacting to president announcement of massive worldwide tariffs. NBA's Mara Liasson reports. Trump insists trillions of dollars will flood into the US because of the tariffs.
Donald Trump
On his way from the White House to Florida for a charity golf event, Trump said he wasn't surprised by the market reaction to his tariffs. The Wall Street Journal estimates that the market drop equaled a loss of $2.7 trillion. But President Trump insists that the markets ultimately are going to surge.
The thing that people have to talk about, we're up almost to $7 trillion of investment country, and you'll see how it's going to turn out. Our country's going to boom.
US Trading partners are promising to retaliate with tariffs of their own, which are, in effect, an import tax paid by American consumers, who economists say may pay as much as $2,100 a year more per family. Mara Liasson, NPR News.
Korva Coleman
Forecasters say a severe weather event is still underway through much of the central and Midwestern US Devastating tornadoes have wrecked many communities, and storms have killed at least seven people in Indiana, Missouri and Tennessee. The National Weather Service is warning of what it calls generational flooding. Forecaster David Roth says parts of the eastern US Are getting astonishing amounts of rain.
David Roth
There's an extensive area of flash flood warnings from northwest Tennessee across over half of Kentucky. Currently, the rainfall that's occurred over the past 24 to 36 hours is to be pretty significant for this part of the country. There's some radar estimates near 9 inches now since the rain began across portions of western Kentucky.
Korva Coleman
There's also a severe thunderstorm. Watch up for parts of Texas where large hail and damaging winds could come. Today, a federal judge in Washington is weighing whether to hold Trump officials in contempt. This is over two flights that deported migrants to El Salvador last month. NPR's Sergio Martinez Beltran has more on Judge James Boasberg's hearing yesterday.
Sergio Martinez Beltran
At the core of the case is whether the Trump administration ignored Judge Boasberg's orders to turn back the flights carrying more than 100 men, allegedly members of a Venezuelan gang, who were removed under the Alien enemies Act of 1798. The Justice Department continues to stonewall over the details, invoking the state secrets privilege to not provide specifics about the flights. But an attorney for the DOJ says the administration did not violate the court's orders. Judge Bosberg did not buy it. He said, quote, there is a fair likelihood that that is not correct. In fact, the government acted in bad faith throughout that day. He's expected to decide whether to hold Trump officials in contempt next week. Sergio Martinez Beltran, NPR News.
Korva Coleman
You're listening to npr. The top Democrats on the Senate and House Intelligence committees are upset following news reports that the director of the National Security AGENC has been fired. The New York Times and Washington Post report General Timothy Hawk has been dismissed. The papers report Hawk was fired after President Trump held a meeting with far right activist Laura Loomer, who called for the removal. NPR has not independently confirmed this. However, other NSC staffers have been fired. The Trump administration is looking at federal land to construct more data centers amid a boom in artificial intelligence. From the Mountain West News Bureau, Rachel Cohen has more.
Rachel Cohen
The Department of Energy identified 16 properties where it says it can help companies build data centers fast. Many are national laboratory campuses, including the National Renewable Energy Laboratory in Colorado, where Energy Secretary Chris Wright visited Thursday.
Donald Trump
It's a commercial arrangement using our land to get some value out of it that both helps the lab and helps the country by getting more data centers built.
Rachel Cohen
The department is seeking information from developers that want to build at these federal sites and hopes data centers will come online by the end of 2020. For NPR News, I'm Rachel Cohen in Golden, Colorado.
Korva Coleman
Later this morning, the Labor Department will release its latest monthly snapshot on jobs. Some analysts expect that employers created about 130,000 new jobs in March. That would be down from the 151,000 new jobs created in February. The US unemployment rate is now at 4.1%, but it may tick up slightly. I'm Corva Coleman, NPR News.
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Host: Korva Coleman
Release Date: April 4, 2025
Description: The latest news in five minutes. Updated hourly.
Timestamp: [00:16] - [01:08]
NPR's Korva Coleman opens the episode by reporting significant declines in global stock markets following President Donald Trump's announcement of massive worldwide tariffs. Asian and European markets have continued to plummet after Wall Street experienced a substantial downturn the previous day. Specifically, the Dow Jones Industrial Average shed nearly 4% of its value, while the tech-heavy NASDAQ plummeted by almost 6%.
Donald Trump addressed the market reaction during his journey from the White House to a charity golf event in Florida:
Trump remains confident that the tariffs will ultimately benefit the U.S. economy, asserting that "trillions of dollars will flood into the US" as a result.
However, the introduction of these tariffs has also led to retaliatory measures from U.S. trading partners. Economists caution that these tariffs function as an import tax, potentially costing American families up to $2,100 more per year.
Timestamp: [01:24] - [02:08]
The episode shifts focus to ongoing severe weather across much of the central and Midwestern United States. Korva Coleman reports on devastating tornadoes and intense storms that have resulted in at least seven fatalities across Indiana, Missouri, and Tennessee.
National Weather Service Forecaster David Roth provides insights into the situation:
The National Weather Service warns of "generational flooding" due to the astonishing amounts of rain, emphasizing the severity and the widespread impact on numerous communities.
Additionally, there is a severe thunderstorm watch for parts of Texas, where large hail and damaging winds pose further threats.
Timestamp: [02:08] - [03:12]
A federal judge in Washington is deliberating whether to hold Trump administration officials in contempt of court over the deportation of migrants to El Salvador. This legal battle centers on two flights that deported over 100 individuals, alleged to be members of a Venezuelan gang, under the Alien Enemies Act of 1798.
NPR's Sergio Martinez Beltran reports:
The Justice Department has been criticized for its lack of transparency, invoking the "state secrets privilege" to withhold specifics about the flights. Despite this, a DOJ attorney maintains that the administration did not violate court orders.
Judge James Boasberg is expected to make a decision on whether to hold Trump officials in contempt of court in the following week.
Timestamp: [03:12] - [03:55]
Top Democrats on the Senate and House Intelligence Committees have expressed significant concern following reports that General Timothy Hawk, the Director of the National Security Agency (NSA), has been dismissed. According to reports from The New York Times and The Washington Post, Hawk's firing is linked to a meeting President Trump held with far-right activist Laura Loomer, who advocated for his removal.
While NPR has not independently verified the reports, it notes that other National Security Council (NSC) staff members have also been terminated. This development has raised alarms about the stability and direction of national security leadership under the Trump administration.
Timestamp: [03:55] - [04:28]
Amid the burgeoning artificial intelligence sector, the Trump administration is exploring the construction of additional data centers on federal land to meet increasing demand.
Rachel Cohen from the Mountain West News Bureau elaborates on the Department of Energy's (DOE) initiative:
The DOE has identified 16 properties, primarily national laboratory campuses, including the National Renewable Energy Laboratory in Colorado, as suitable locations for rapid data center development. Energy Secretary Chris Wright visited the Colorado lab to oversee these plans.
This move aims to accelerate the deployment of data centers to support technological advancements and maintain the U.S.'s competitive edge in the AI industry.
Timestamp: [04:28] - [04:55]
NPR’s Korva Coleman previews the upcoming Labor Department's monthly jobs report:
The report is highly anticipated as it will provide critical insights into the U.S. labor market's health, indicating whether job growth is sustaining amidst economic uncertainties spurred by trade policies and other factors.
The episode included messages from Pemco Mutual Insurance Company and Carvana, which provided prevention tips and information about online car financing, respectively. These segments were excluded from the summary to focus solely on content-rich news segments.
This comprehensive summary encapsulates the key discussions from the April 4, 2025, episode of NPR News Now, providing listeners with a clear understanding of significant events ranging from economic shifts and severe weather impacts to legal challenges within the Trump administration and developments in national security and technological infrastructure.