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Shea Stevens
Live from NPR News in Washington, I'm Shea Stevens. President Trump's tariffs have unsettled stock markets again on Monday for a third straight session. Trump is now threatening additional 50% tariffs on import from China. And as NPR's Maria Aspen reports, some Wall Street CEOs and business leaders are expressing concern over the damage the levies are causing.
Maria Aspen
Economists across the political aisle have long warned that Trump's tariffs will raise prices for all consumers. Now we're seeing mounting warnings that they'll also tip the United States and the world into a recession. Goldman Sachs just raised its outlook for a recession this year to almost 50 50, and it said that if Trump doesn't back down on tariffs, it fully expects a rece. Even if that doesn't happen, the chaos in the financial markets is causing real damage to ordinary Americans who have their retirement accounts and other savings invested there.
Shea Stevens
NPR's Maria Aspen reporting. The Trump administration has repealed a Biden era crackdown on gun sellers who break federal law. NPR's Martin Costi reports that the move was highly anticipated by both gun control and gun rights groups.
Martin Kosti
Biden's 2021 zero tolerance policy allowed the ATF to shut down dealers who falsified record, failed to do background checks or committed certain other violations. Mark Collins of the gun control group known as Brady says the policy was aimed at the sellers who made it easier for criminals to get guns. And he's sorry it's gone.
Mark Collins
It tells rogue gun dealers and dealers that want to profit off of risky and irresponsible behavior that it's okay to do that. You can go back to the days where we're just going to give you a slap on the wrist and let you keep going.
Martin Kosti
But Gun Owners of America celebrated the rollback. In a statement, the group says the Biden policy had aggressively targeted gun dealers for minor paperwork errors. Martin Kosti, NPR News.
Shea Stevens
Health officials in the west bank say a Palestinian American was killed by Israeli forces there over the weekend. NPR's Hadil Al Shalchi reports on the latest death of a US Citizen in the West Bank.
Hadil Al Shalchi
The Israeli military said it opened fire towards three people who were endangering drivers by hurling rocks at a highway in the village of Turmo Saiyah. West bank health officials said that 14 year old Palestinian American Ahmad Rabia was killed in that operation and another U.S. citizen was injured. The U.S. state Department did not have immediate comment. Yasser Al Qam is with the Turmo Saiya municipality. He had a message for the US.
Yasser Al Qam
Government put some pressure on Netanyahu administration to at least protect its citizens residing in Palestine.
Hadil Al Shalchi
Rabia is the fourth known American citizen killed by Israeli forces in the West Bank. Hadil Alshalji, NPR News, Tel Aviv.
Shea Stevens
US Futures are up slightly and after hours trading on Wall street on Asian market shares are also higher, up around 5% in Japan. This is NPR. The U.S. supreme Court says the Trump administration may use an 18th century law to continue deporting Venezuelans accused of being gang members. In a 5, 4 decision Monday, the justices also ruled that ICE detainees must be given a chance to challenge their deportations. Meanwhile, Chief Justice John Roberts paused a lower court order to bring Gilmar Obrego Garcia back to the United States. Abrego Garcia is the Maryland man who was deported by mistake and sent to a prison in El Salvador. The Justice Department says there's nothing it can do because he's no longer in US Custody. A new ticket price is in place for Tuesday night's Mega Millions lottery drawing. The lottery is betting that its price hike will lead to better odds and bigger jackpots. NPR's Giles Snyder has the tales.
Giles Snyder
Mega Millions players are now forking over $5 per ticket, more than double the previous $2 price. The ticket price went up after Friday's drawing. But while it's now more expensive to play Mega Millions, the lottery is expecting to see more billion dollar jackpots that grow faster and lead to more ticket sales. And lottery officials hope the new price will improve the odds of winning the GR that can now start at $50 million rather than 20 million with bigger jackpots as well as an increase in the value of non jackpot prizes. The change in price is aimed at drawing more attention to the Mega Millions gain from potential players who may not otherwise buy a ticket. Giles Snyder, NPR News.
Shea Stevens
Again, U.S. futures are up slightly in after hours trading on Wall Street. This is NPR News.
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NPR News Now – Episode: April 8, 2025, 2AM EDT
Release Date: April 8, 2025
NPR’s "News Now" delivered a comprehensive update on pivotal events shaping the economic, political, and social landscapes both domestically and internationally. This summary encapsulates the key discussions, insights, and conclusions from the episode released on April 8, 2025.
Host: Shea Stevens
Reported by: Maria Aspen
The episode opened with an in-depth analysis of President Donald Trump’s escalating tariffs on Chinese imports, which have significantly unsettled the stock markets for three consecutive sessions. President Trump is reportedly contemplating imposing an additional 50% tariff on imports from China, a move that has raised alarms among Wall Street CEOs and business leaders regarding the potential economic fallout.
Maria Aspen highlighted the bipartisan concerns among economists about the tariffs' impact on consumer prices and the broader economy. "Economists across the political aisle have long warned that Trump's tariffs will raise prices for all consumers," Aspen noted at [00:42]. The uncertainty surrounding these tariffs has prompted Goldman Sachs to revise its recession outlook, now estimating a nearly 50% chance of a recession this year unless the administration retracts its stance on the tariffs. Aspen emphasized that even if a recession is averted, the volatility in financial markets is adversely affecting ordinary Americans, particularly those with retirement accounts and savings invested in the stock market.
Host: Shea Stevens
Reported by: Martin Kosti
In a controversial policy shift, the Trump administration has repealed a stringent gun control measure implemented during the Biden administration. This policy repeal has elicited mixed reactions from both gun control advocates and gun rights proponents.
Martin Kosti detailed the previous administration's "zero tolerance" policy, which empowered the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to shut down dealers violating federal laws, such as falsifying records or neglecting background checks. Mark Collins of the Brady Campaign articulated his disappointment, stating at [01:49], "It tells rogue gun dealers and dealers that want to profit off of risky and irresponsible behavior that it's okay to do that. You can go back to the days where we're just going to give you a slap on the wrist and let you keep going."
Conversely, Gun Owners of America lauded the rollback, arguing that the Biden-era policies were overly aggressive, targeting gun dealers for minor paperwork discrepancies. The organization contended that such stringent measures hindered lawful gun commerce without effectively addressing criminal activities.
Host: Shea Stevens
Reported by: Hadil Al Shalchi
A somber update from the West Bank revealed the fatal shooting of Ahmad Rabia, a 14-year-old Palestinian American, by Israeli forces over the weekend. The Israeli military justified the action by stating that they fired upon three individuals who were "endangering drivers by hurling rocks at a highway in the village of Turmo Saiyah" [02:25].
Yasser Al Qam of the Turmo Saiya municipality conveyed a poignant message to the U.S., urging, "Government put some pressure on Netanyahu administration to at least protect its citizens residing in Palestine" at [02:49]. This incident marks the fourth known American citizen casualty in the West Bank at the hands of Israeli forces, underscoring the escalating tensions and the dire need for diplomatic interventions.
Host: Shea Stevens
Reported by: Shea Stevens & Giles Snyder
The Supreme Court delivered pivotal rulings affecting immigration policies and individual rights. In a close 5-4 decision, the Court upheld the Trump administration's authority to continue deporting Venezuelans accused of gang affiliations under an 18th-century law. Additionally, the justices mandated that ICE detainees must be afforded the opportunity to contest their deportations, emphasizing due process.
A noteworthy case involved Chief Justice John Roberts pausing a lower court order to repatriate Gilmar Obrego Garcia, a Maryland resident mistakenly deported and incarcerated in El Salvador. The Department of Justice commented that they are limited in their response since Garcia is no longer under U.S. custody [03:06].
Shifting focus to lighter news, NPR’s Giles Snyder reported on the Mega Millions lottery's strategic price hike. Starting Tuesday's drawing, the price per ticket surged from $2 to $5, a decision aimed at generating larger jackpots and improving winning odds. "The lottery is expecting to see more billion-dollar jackpots that grow faster and lead to more ticket sales," Snyder explained [04:10]. This price adjustment is anticipated to attract more participants and amplify the excitement surrounding the game's potential rewards.
Host: Shea Stevens
Concluding the episode, Shea Stevens provided a brief overview of the stock market's performance. U.S. futures showed a modest uptick, and after-hours trading on Wall Street reflected a positive trend. Additionally, Asian markets, particularly in Japan, experienced a notable increase of around 5%, signaling a potentially stabilizing global economic sentiment [03:06 & 04:50].
This episode of "NPR News Now" encapsulated significant developments across various spheres, offering listeners a nuanced understanding of the current geopolitical tensions, economic challenges, and societal shifts. The inclusion of expert opinions and firsthand accounts provided depth to the coverage, making it an invaluable resource for those seeking to stay informed on pressing issues.