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Jack Spear
99% of the US population lives within listening range of at least one public media station and everyone can listen to NPR podcasts free of charge. That means you get completely unpaywalled access to stories, prize winning reporting and shows that represent the voices in every corner of the country. Hear the bigger picture every day on npr. Live from NPR News in Washington, I'm Jack Spear. Despite announcements the Trump administration is ready, ready to talk tariffs mix messages continue to roil the financial markets. Here's NPR's Mara Liasson.
Mara Liasson
According to White House press Secretary Caroline Levitt, the president has directed his trade team to create tailor made deals for each country. It's still not clear what Trump's goal to eliminate trade imbalances in goods, but not services with every country in the world, or to use the big tariffs to bring in what he says will be trillions of dollars of revenue. Levitt says 70 countries have reached out to the White House since Trump announced the tariffs. The Israeli prime minister has already been to the White House and next week the leaders of El Salvador and Italy will come. Financial markets all over the world have reacted negatively to Trump's tariffs, but they've rebounded a bit when the White House messaging started focusing more on negotiating deals. Mara Liasson, NPR News.
Jack Spear
Though The Dow fell 320 points today, Wall Street's so called fear gauge, which has rarely been at the levels it is right now. What's known as the vix, the Chicago Board Options Exchange's constructor to measure volatility, is usually somewhere around 20. There have been only two periods in history where the index has closed consistently above 50 during the 2008 financial crisis and early in the pandemic today, amid all the gyrations in the markets, the VIX was up nearly 13% to just under 53. House Speaker Mike Johnson is going ahead with a plan to have the chamber vote on the Senate budget resolution Wednesday despite not having the votes to pass it. NPR's Barbara Sprunt reports.
Barbara Sprunt
The Senate has passed a budget framework, a key in unlocking much of President Trump's agenda. But to move forward, the House also has to pass it, and members say they don't think it currently has the votes. Deficit hawks like Texas Congressman Chip Roy say the Senate version doesn't include enough spending cuts alongside tax cuts.
Jack Spear
The Senate budget does not reduce deficits. The Senate budget would increase deficits.
Barbara Sprunt
Speaker Johnson wants to get the final bill to Trump's desk by Memorial Day. The president has previously helped whip support among holdouts for his priorities and may be doing so again now. Barbara Sprunt, NPR News, the Capitol.
Jack Spear
As the measles outbreak continues, Secretary Robert F. Kennedy, Jr. Is endorsing a vaccine. Here's NPR's Jeff Brumfield.
Jeff Brumfield
In a post on X, Kennedy wrote, quote, the most effective way to prevent the spread of measles is the MMR vaccine. It's the strongest statement yet from the health secretary who once ran a charity that tried to end school requirements for measles vaccines. Many of Kennedy's supporters oppose mandatory childhood vaccination. Mary Talley Bowden is a Texas physician who thinks children shouldn't get Covid vaccines. She says she feels double crossed for.
Karen Zarr
Him to say that was not consistent with what we were expecting.
Jeff Brumfield
The CDC says the MMR shot prevents up to 97% of measles cases and provides further protection against severe illness. So far, two unvaccinated children and one unvaccinated adult have died in this latest outbreak.
Jack Spear
This is npr. The collapse of a roof at an iconic nightclub at the Dominican Republic has claimed it lives of at least 14 people. As many as 160 others were hurt. Crews are continuing to search for more more people in the rubble left behind under the roof of the Jet Set nightclub in Santo Domingo. The governor of the northwestern province of Monte Christi was among the victims. The death toll from flooding in Kentucky has Now risen to 4 and the extent of the destruction remains unknown. As Karen Zarr with member station WKY reports, emergency groups and volunteer organizations are canvassing the state to help those who've been impacted.
Karen Zarr
Too much water on the ground has led to not enough water to drink. Pumping stations and water treatment plants in several Kentucky C are on the brink. At a park in Georgetown, hundreds of cases of bottled water are stacked and being handed out from a picnic shelter in the senior center across the parking lot. John Sternberg with the Red Cross helps people who have lost everything settle in.
Jack Spear
These people, they are not going to be able to go back where they were.
Karen Zarr
Governor Andy Beshear says plans are in place with FEMA to begin helping current storm victims as soon as the president approves request for individual disaster assistance. For NPR News, I'm Karen Zarr in Lexington.
Jack Spear
Crude oil futures prices continue their downward slide today, hitting four year lows as inflation fears mount over a looming conflict between the world's two biggest economies, the US and China. Oil fell $1.12 a barrel today. In New York, I'm Jack Spier, NPR News in Washington. Listen to this podcast sponsor free on Amazon Music with a Prime membership or any podcast app by subscribing to npr now +@ +npr.org that's +npr.org.
NPR News Now: Detailed Summary of April 8, 2025, 5 PM EDT Episode
Overview On April 8, 2025, NPR News Now delivered a comprehensive update on the latest national and international developments. The episode covered a range of topics, including the Trump administration's tariff policies, volatile financial markets, legislative challenges in the House of Representatives, a resurgence in measles cases, tragic events in the Dominican Republic and Kentucky, and fluctuations in crude oil prices. Below is a detailed breakdown of each segment, complete with notable quotes and timestamps.
1. Trade and Tariffs Update
Host: Jack Spear & Reporter: Mara Liasson
The episode opened with an update on the Trump administration's stance on tariffs and trade negotiations. According to White House Press Secretary Caroline Levitt, President Trump has instructed his trade team to develop "tailor made deals for each country" (00:37). However, the administration remains ambiguous about its primary objective—whether it aims to eliminate trade imbalances in goods specifically or to generate significant revenue through tariffs.
Mara Liasson reported that since the announcement of the tariffs, "70 countries have reached out to the White House" (00:37). Notably, the Israeli Prime Minister has already engaged in discussions, with leaders from El Salvador and Italy scheduled to visit the White House in the coming week. Despite initial negative reactions from global financial markets, there has been a slight rebound as the White House emphasizes its commitment to negotiating favorable deals.
2. Financial Markets React
Host: Jack Spear
The financial markets experienced significant turbulence following the administration's tariff announcements. Jack Spear highlighted that "The Dow fell 320 points today," reflecting investor unease. Additionally, the Chicago Board Options Exchange's Volatility Index (VIX), often referred to as the "fear gauge," surged by nearly 13% to just under 53 (01:20). Historically, the VIX has only consistently exceeded 50 during the 2008 financial crisis and the early stages of the COVID-19 pandemic, indicating heightened market anxiety.
3. House Budget Resolution
Reporter: Barbara Sprunt
House Speaker Mike Johnson is pushing forward with a plan to vote on the Senate's budget resolution despite lacking sufficient votes for its passage. Barbara Sprunt reported that the Senate has already passed a "budget framework," which is crucial for advancing much of President Trump's agenda. However, the House faces challenges in securing the necessary support.
Deficit hawks, including Texas Congressman Chip Roy, criticized the Senate's budget for not incorporating enough spending cuts alongside tax reductions (02:17). Despite these hurdles, Speaker Johnson remains determined, stating his objective to have the final bill reach President Trump's desk by Memorial Day (02:21). The President may leverage his influence to garner support from remaining holdouts, as he has done in the past.
4. Measles Outbreak and Vaccination Efforts
Reporter: Jeff Brumfield
In light of a recent measles outbreak, Secretary Robert F. Kennedy Jr. has publicly endorsed the MMR vaccine as the most effective measure to prevent the disease's spread (02:33). Kennedy, who previously led a charity opposing mandatory childhood vaccinations, marked a significant policy shift. Jeff Brumfield noted that Kennedy's latest stance includes the statement: "the most effective way to prevent the spread of measles is the MMR vaccine" (02:39).
Despite this endorsement, resistance remains among some groups. Mary Talley Bowden, a Texas physician, expressed feelings of betrayal, stating, "I feel double crossed" regarding vaccination policies (03:04). The CDC underscores the importance of the MMR vaccine, indicating it can prevent up to 97% of measles cases and protect against severe illness (03:08). Tragically, the outbreak has already resulted in the deaths of two unvaccinated children and one unvaccinated adult (03:08).
5. International News: Dominican Republic Nightclub Collapse
Reporter: Karen Zarr
A tragic event unfolded in the Dominican Republic as the roof of the Jet Set nightclub in Santo Domingo collapsed, resulting in at least 14 fatalities and injuring up to 160 individuals (03:22). Emergency crews continue to search for additional victims amidst the rubble. Among the deceased was the governor of the northwestern province of Monte Christi, escalating the severity of the incident.
6. National News: Kentucky Floods
Reporter: Karen Zarr
Kentucky is grappling with severe flooding, with the death toll rising to four and the full extent of the devastation still being assessed (03:22). Karen Zarr reported that excessive groundwater has led to shortages in potable water, pushing local authorities to the brink of their capacities. In Georgetown, a park has become a distribution center for bottled water, with hundreds of cases being handed out from a picnic shelter and the senior center's parking lot (04:00).
John Sternberg from the Red Cross is actively assisting those who have lost their homes, helping them find temporary accommodations (04:00). Governor Andy Beshear announced that plans are in place with FEMA to provide individual disaster assistance pending the President's approval (04:32).
7. Crude Oil Prices Drop
Host: Jack Spear
Crude oil futures continued their downward trend, reaching four-year lows amid growing inflation concerns and a potential escalation in tensions between the United States and China—the world's two largest economies (04:47). Oil prices fell by $1.12 per barrel, reflecting apprehensions over economic stability and international relations (04:47).
Conclusion
This episode of NPR News Now encapsulated a broad spectrum of pressing issues, from domestic policy and economic concerns to international tragedies and public health challenges. With insightful reporting and authoritative voices, NPR provided listeners with a nuanced understanding of the day's most significant events.