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Korva Coleman
In Washington, I'm Korva Coleman. Stocks opened mix this morning after a better than expected report on wholesale inflation. NPR's Scott Horsley reports. The Dow Jones Industrial Average was down about a point in early trading.
Scott Horsley
Wholesale prices fell by 0.4% last month, echoing Thursday' good news about cooling inflation at the retail level. That progress on prices could be stalled, however, by President Trump's trade war. China says it's raising its own tariffs on U.S. exports to 125%. Authorities say that's as high as China is likely to go. Tariffs at that level put a halt to most trading, so any additional taxes have little effect. JPMorgan Chase CEO Jamie Dimon's warning of considerable turbulence ahead for the economy and says the bank is setting aside more money to cover possible loan defaults. The bank also says Chase credit card holders are cutting back on travel spending and stockpiling goods in an effort to avoid tariffs. Scott Horsley in PAR News, Washington.
Korva Coleman
While President Trump has put a temporary pause on some tariffs, many others remain in place. That includes a 25% tariff on imported cars that kicked in last week. But cars that are on the lots right now are not affected by the tariffs. NPR's Camilla Dominoski explains that leaves would be car buyers with a choice.
Camila Domonosky
Last month was the best month for new car sales in four years. Cars already on dealer lots aren't affected by tariffs. That's a few months supply. And in fact, some companies are offering deals. Kierane was planning to get a car.
Kierane
Next year, but with the tariffs and so much of the uncertainty about that, we just decided that we couldn't wait any longer.
Camila Domonosky
She says the dealership was packed when she and her husband bought their new suv. Of course, if prices go up as expected in the coming months, sales will slow. And while new car prices aren't up yet, used car prices are already starting to rise. Camila Domonoskey, NPR News.
Korva Coleman
The U.S. supreme Court says the Trump administration, must, quote, facilitate the return of an immigrant wrongly deported to El Salvador. But the court sent the case of Kilmar Abrego Garcia back to the lower court trial judge. The justice has said the lower court judge needs to clarify her meaning she had ordered the Trump administration to, quote, effectuate the man's return. NPR's Joel Rose says the judge responded to the high court's direction immediately.
Judge Paula Zinis
Judge Paula Zinis issued a new revised order clarifying that the government needs to take, quote, all steps to facilitate the return of Abrego Garcia, unquote, to the US as soon as possible. Zinis wants to know his current physical location and status, what steps the government has taken to bring him back and what additional steps they are considering. And she's called a hearing for later today in Maryland. So Judge Zinis is not wasting any time.
Korva Coleman
NPR's Joel Rose reporting. The Justice Department is trying to delay today's hearing until next week. On Wall street, the Dow is now down about 60 points. This is NPR. New York City authorities say six people were killed yesterday when a sightseeing helicopter crashed into the Hudson River. Five members of a family from Spain died along with the aircraft pilot. A passerby filmed the helicopter tumbling out of the sky, apparently without one of its rotor blades. A hurricane recovery effort in western North Carolina is among some of the programs halted by the Trump administration's latest cuts. NPR's Yuki Noguchi reports.
Yuki Noguchi
Plans to survey Buncombe county residents affected by Hurricane Helene were scrapped last Tuesday. Workers at the Centers for Disease Control and Prevention coordinating it were fired. And state and local officials couldn't find out whether residents still struggle to access health care or clean water, for example. Zach Moore is an epidemiologist with North Carolina's Health Department.
Zach Moore
Beyond hurricanes, they do radiation preparedness, toxicology issues, surveillance for illnesses in Red Cross shelters after a disaster. So having them instantly disbanded is going to leave a big gap.
Yuki Noguchi
He says it's just one example of how federal agency cuts will affect local communities. Yuki Noguchi, NPR News.
Korva Coleman
Scientists say there will be a micro moon this weekend. It will be the smallest, farthest and faintest full moon spied so far this year. It will rise Saturday night. Having trouble seeing it clearly? You can view it online at the Virtual Telescope Project. They'll be able to zoom in. I'm Korva Coleman, NPR News from Washington.
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NPR News Now: Detailed Summary of Episode Released on April 11, 2025
Host: Korva Coleman
Release Date: April 11, 2025
Duration: Approx. 5 Minutes
Stocks Show Mixed Opening Amid Cooling Inflation
In the opening segment, Korva Coleman reports on the stock market's mixed performance following a favorable report on wholesale inflation. The Dow Jones Industrial Average experienced a slight decline, dropping approximately one point in early trading (00:16).
Wholesale Inflation Trends
Scott Horsley provides a detailed analysis, noting that wholesale prices decreased by 0.4% last month, mirroring the previous day's good news regarding cooling retail inflation. However, this positive trend may face challenges due to ongoing trade tensions orchestrated by President Trump’s administration (00:28).
Impact of the U.S.-China Trade War
China has responded to the U.S. trade policies by raising its tariffs on American exports to 125%, a level deemed by authorities as the maximum feasible rate. As a result, "tariffs at that level put a halt to most trading," rendering additional taxes largely ineffective (00:28).
JPMorgan Chase's Cautious Outlook
Jamie Dimon, CEO of JPMorgan Chase, has issued warnings about "considerable turbulence ahead for the economy" (00:28). In response, the bank is proactively setting aside more funds to cover potential loan defaults. Furthermore, Chase credit card holders are adjusting their spending habits, particularly by "cutting back on travel spending and stockpiling goods in an effort to avoid tariffs," indicating a shift in consumer behavior driven by economic uncertainty (00:28).
Temporary Pause and Ongoing Tariffs on Imported Cars
Although President Trump has "put a temporary pause on some tariffs," many remain active, including a significant 25% tariff on imported cars that commenced last week (01:09). Importantly, vehicles already available on dealer lots are exempt from these tariffs, as highlighted by NPR's Camila Domonosky (01:09).
Boost in New Car Sales Despite Tariffs
Domonosky reports that last month marked the best month for new car sales in four years, suggesting resilience in the automotive market despite the new tariffs (01:30). The exemption for cars already on the lots has created a temporary supply buffer, allowing dealerships to offer attractive deals to consumers.
Consumer Decisions Amid Uncertainty
Kierane shares her personal experience, stating, "With the tariffs and so much of the uncertainty about that, we just decided that we couldn't wait any longer," illustrating how some consumers are opting to purchase vehicles sooner rather than later to avoid potential future price increases (01:45).
Future Outlook for Car Sales
While new car prices remain stable for now, Domonosky notes that used car prices are already beginning to rise, which could lead to a slowdown in sales if tariffs continue to drive up costs in the coming months. Additionally, Kierane recounts the high demand at dealerships when she and her husband bought their new SUV, suggesting that the current market is robust but may face challenges ahead (01:53).
Mandate for Return of Immigrant to the U.S.
The U.S. Supreme Court has directed the Trump administration to "facilitate the return of an immigrant wrongly deported to El Salvador," specifically in the case of Kilmar Abrego Garcia. However, the court has sent the case back to a lower court trial judge for further clarification on the implementation of this directive (02:12).
Judge Paula Zinis’ Revised Order
Judge Paula Zinis has responded by issuing a revised order that "clarifies that the government needs to take all steps to facilitate the return of Abrego Garcia to the US as soon as possible," emphasizing the urgency of the matter (02:39). She has requested detailed information about the defendant’s current location and status, the steps taken by the government to effectuate his return, and any additional measures being considered.
Justice Department's Delay Tactics
Despite the judge's immediate action, the Justice Department is attempting to delay the hearing until next week, as reported by NPR’s Joel Rose (03:02). This move indicates ongoing tensions between the judiciary and the executive branch regarding immigration enforcement.
Fatalities and Possible Cause of the Crash
In a somber news report, Korva Coleman announces that six people, including five members of a Spanish family and the pilot, were killed when their sightseeing helicopter crashed into the Hudson River (03:02). Footage captured by a passerby shows the helicopter tumbling from the sky, and preliminary indications suggest the absence of one of its rotor blades as a possible cause.
Suspension of Hurricane Helene Recovery Programs
NPR’s Yuki Noguchi reports that the Trump administration’s latest budget cuts have led to the halting of hurricane recovery efforts in western North Carolina. Specifically, plans to survey residents in Buncombe County affected by Hurricane Helene were canceled last Tuesday due to the firing of CDC workers coordinating the initiative (03:43).
Consequences for Local Communities
As a result, state and local officials are now unable to assess whether residents continue to face challenges such as accessing healthcare or obtaining clean water. Zach Moore, an epidemiologist with North Carolina's Health Department, highlights the severity of these cuts by stating, "Having them instantly disbanded is going to leave a big gap," underscoring the critical role federal agencies play in disaster preparedness and response (04:08).
Broader Implications of Federal Cuts
Moore further elaborates on the range of responsibilities lost, including radiation preparedness, toxicology issues, and illness surveillance in Red Cross shelters post-disaster. Noguchi emphasizes that this is "just one example of how federal agency cuts will affect local communities," painting a picture of widespread impact from budgetary decisions (04:22).
Smallest and Faintest Full Moon of the Year
In a lighter segment, Korva Coleman shares exciting news for astronomy enthusiasts: a "micro moon" is set to occur over the weekend. Described as the smallest, farthest, and faintest full moon observed so far this year, it is scheduled to rise on Saturday night (04:31).
Viewing Tips and Resources
For those interested in witnessing the event, Coleman recommends accessing the Virtual Telescope Project online, which offers the ability to "zoom in" on the moon, providing a clear view even if visibility conditions are not ideal.
Note: Advertisements and non-content sections from the transcript have been excluded from this summary to maintain focus on the key news topics discussed in the episode.