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Jack Spear
News in Washington, I'm Jack Spear. President Donald Trump is marking his first 100 days in office with a campaign style rally in Michigan. Trump touting accomplishments like firing deep state federal workers, ensuring the US Is, in his words, no longer a dumping ground for those in the US Illegally. And the president confirmed for his audience that for now he's relaxing some of his 25% tariffs on autos and auto parts.
Donald Trump
And to help these automakers bringing their factories home as rapidly as possible, I've just signed an executive order to give partial tariff rebates to any company that assembles its cars right here in the usa.
Jack Spear
Trump also reiterated unsupported claims that recent polls showing his low approval ratings were rigged. And more than three months into his own presidency, continues to attack former President Joe Biden. The S&P 500 is down more than 7% since President Trump took office, and that is the worst performance for the broader market in the president's first 100 days since the early 1970s. As NPR's Laura Wamsley explains, for many Americans, that's meant anxiety about their retirement accounts.
Laura Wamsley
Laura Anderson is 61 and teaches at a university in Cincinnati. She had been planning to retire in five or six years, but the market turmoil has given her pause, even after finding that her 401k hadn't dropped as much as she feared.
Amy Rowland
I just feel like there's so much uncertainty right now that I still don't feel like my original retirement plan is going to be doable.
Laura Wamsley
Amy Rowland of Salt Lake City shares that uncertainty.
Amy Rowland
Part of me retiring is kind of that feeling, yeah, it is probably time for my generation to step aside. But we can't do it if we don't think we can survive our retirement years.
Laura Wamsley
It's a feeling that may cause those who can to keep working. Laurel Wamsley, NPR News.
Jack Spear
President Trump late today opened a new front in his battles with the media, targeting the Corporation for Public Broadcasting. Now the CPB is suing the White house. More from NPR's David Folkenflik.
David Folkenflik
The White House sent an email to three of the five members of the CPB board saying they had been fired and thanking them for their service. Thing is, it's not clear Trump has the power to do that. As it noted in legal filings, federal law states the CBB is not a government agency. The attempted firings are part of Trump's larger effort to strip public broadcasting of taxpayer funds. He says he'll ask Congress to pull back more than a billion dollars already allocated by lawmakers for public broadcasting for the next two years. PBS and its member stations rely on federal funds from CPB for 15% of their revenues. For NPR member stations, it's 10% on average. NPR itself receives just 1% directly and a bit more indirectly in fees paid by stations. David Folkenflick, NPR News.
Jack Spear
Monthly job openings in the US Fell last month as the Trump administration's trade war has muddied the economic picture. US employers posting 7.2 million job openings in March, down from 7.5 million in February. On Wall street, the dow is up 300 points. This is NPR. Canada's Liberal coalition is celebrating an election victory in something of a stunning turn of fortune after pushing back an advance by the right, new Prime Minister Mark Carney defeating populist par, who also lost the parliament seat he's held for 20 years. Just a few months ago, the conservative looked like a shoo in. But many Canadians have been angered over Trump's comments about making Canada the 51st state. A Grammy winning rapper has her first top 10 album. NPR's Stephen Thompson has more.
Stephen Thompson
It's harder than ever for up and coming artists to crash the top of the charts. Streaming algorithms tend to serve people music they've already heard, so existing stars fill out the lion's share of the charts each week. So it's noteworthy that Dochi's Alligator Bites Never Heal, which won the Grammy for best rap album earlier this year, has cracked the top 10 for the first time.
Dochi
Anxiety keeps on trying me.
Stephen Thompson
That song Anxiety became Dochi's first top 10 single in March. Now, thanks in part to the availability of new vinyl and CD editions, the rapper and singer has a top 10 album to match. Stephen Thompson, NPR News.
Jack Spear
Harvard University says it intends to review its academic offerings and its admissions policies in response to a pair of internal reports on anti Semitism and anti Arab prejudice at the Ivy League school. Harvard released the reports today. The administration has frozen grants to Harvard, which countered by suing the Trump administration earlier this month. I'm Jack Spear, NPR News, in Washington.
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Host: Jack Spear
Release Date: April 29, 2025
Duration: Approximately 5 minutes
Description: The latest news in five minutes, updated hourly by NPR.
Timestamp: [00:18] - [00:56]
President Donald Trump celebrated his first 100 days in office with a vibrant campaign-style rally held in Michigan. During the event, Trump highlighted several key accomplishments, emphasizing his administration's efforts to reduce what he terms the "deep state" influence by firing federal workers deemed obstructive. He also stressed his commitment to immigration reform, asserting, "the US is, in my words, no longer a dumping ground for those in the US illegally."
A significant focus of Trump's speech was the auto industry. He announced a shift in his administration's tariffs on autos and auto parts, indicating a relaxation of the existing 25% tariffs. "And to help these automakers bringing their factories home as rapidly as possible, I've just signed an executive order to give partial tariff rebates to any company that assembles its cars right here in the USA," Trump declared at [00:43]. This move aims to encourage domestic manufacturing and reduce dependency on foreign auto imports.
Timestamp: [00:56] - [02:02]
Despite the President's optimistic declarations, the economic landscape presents challenges. The S&P 500 has plummeted over 7% since Trump's inauguration, marking the worst performance for the broader market during the first 100 days of a presidency since the early 1970s. This downturn has led to heightened anxiety among Americans concerning their retirement savings.
NPR's Laura Wamsley delves into personal stories illustrating this unrest:
Laura Anderson, a 61-year-old university teacher from Cincinnati, shares her concerns: "I had been planning to retire in five or six years, but the market turmoil has given me pause," at [01:24]. Although her 401(k) has not declined as drastically as feared, the uncertainty remains unsettling.
Amy Rowland from Salt Lake City echoes similar sentiments: "I just feel like there's so much uncertainty right now that I still don't feel like my original retirement plan is going to be doable," she states at [01:38]. Rowland reflects on the broader generational impact: "Part of me retiring is kind of that feeling, yeah, it is probably time for my generation to step aside. But we can't do it if we don't think we can survive our retirement years," at [01:47].
Wamsley highlights that such fears may lead those who are financially able to continue working beyond their planned retirement age, prolonging their careers out of necessity.
Timestamp: [02:02] - [02:58]
In a contentious move against the media, President Trump has initiated actions against the Corporation for Public Broadcasting (CPB). According to Jack Spear, the White House purportedly dismissed three of the five CPB board members via email, a decision now under legal scrutiny. David Folkenflik reports at [02:12], "It's not clear Trump has the power to do that," citing federal law that defines the CPB as a non-governmental entity.
This attempt to remove CPB board members is part of Trump's broader strategy to curtail federal funding for public broadcasting. He plans to request Congress to withdraw over a billion dollars previously allocated for public broadcasting over the next two years. The financial impact is significant: PBS and its member stations depend on CPB funds for approximately 15% of their revenues, while NPR member stations receive about 10%, and NPR itself garners roughly 1% directly.
The CPB has responded by filing a lawsuit against the White House, challenging the legality of the attempted firings and the broader funding cuts.
Timestamp: [02:58] - [04:11]
Employment Data: The Trump administration's ongoing trade war has cast a shadow over the U.S. economy, leading to a slight decline in job openings. In March, employers posted 7.2 million job openings, down from 7.5 million in February. Despite this, Wall Street offered a silver lining with the Dow Jones Industrial Average rising by 300 points.
Canadian Election Upset: Canada's political landscape witnessed a surprising turn as the Liberal coalition secured an election victory. Mark Carney emerged victorious against the populist party leader, who not only lost the election but also his long-held parliamentary seat of 20 years. This defeat was unexpected, especially considering the conservative party was previously favored to win. Analysts attribute the Liberal success to growing Canadian frustration over President Trump's earlier comments about potential annexation, suggesting his remarks may have influenced public sentiment towards progressive policies.
Timestamp: [04:11] - [04:33]
In the music industry, Grammy-winning rapper Dochi has achieved a significant milestone. As NPR's Stephen Thompson reports, Dochi's album "Alligator Bites Never Heal" has entered the top 10 for the first time, accompanied by her single "Anxiety." The song, which won the Grammy for Best Rap Album earlier this year, underscores the challenges emerging artists face in a streaming-dominated market. Thompson notes, "Streaming algorithms tend to serve people music they've already heard, so existing stars fill out the lion's share of the charts each week." Dochi's success is further bolstered by the re-release of her album on vinyl and CD, catering to diverse listener preferences.
Dochi reflects on her success, stating, "Anxiety keeps on trying me," at [04:11], highlighting the personal struggles that underpin her artistic expression.
Timestamp: [04:33] - [04:56]
Harvard University has announced a comprehensive review of its academic programs and admissions policies in response to internal reports highlighting instances of anti-Semitism and anti-Arab prejudice within the institution. Released on April 29, the reports have prompted the university administration to take immediate action by freezing grants to Harvard. In retaliation, Harvard has filed a lawsuit against the Trump administration, challenging its recent administrative freezes imposed earlier in the month.
The university's proactive stance underscores a commitment to addressing and mitigating discriminatory practices, aiming to foster a more inclusive and equitable academic environment for all students and faculty members.
Conclusion
This episode of NPR News Now offered a concise yet comprehensive overview of significant political, economic, and cultural developments as of April 29, 2025. From President Trump's policy initiatives and their economic repercussions to pivotal moments in international politics and cultural achievements, the episode provides listeners with essential insights into the current state of national and global affairs.