NPR News: 05-03-2025 8AM EDT

Summary

NPR News Now: May 3, 2025, 8 AM EDT

NPR News Now delivered a comprehensive update on the latest national and international developments. Below is a detailed summary of the key topics covered in the episode, enriched with notable quotes and organized into clear sections for easy understanding.

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1. Impact of Tariffs on the Auto Industry and Warren Buffett's Anticipated Remarks

[00:18]
Giles Snyder reported that the implementation of a 25% tariff on imported auto parts is now in effect. This move by President Trump has introduced significant challenges for the auto industry. While the President has offered automakers a partial reprieve, the tariffs are anticipated to have a profound impact on manufacturing costs and supply chains.

[00:43]
Maria Aspen highlighted that Warren Buffett, the CEO of Berkshire Hathaway, is at the center of Wall Street's attention as his annual shareholder meeting unfolds in Omaha. Given Buffett's extensive experience and success over 60 years, his insights are highly valued, especially amidst the current financial turbulence sparked by Trump's tariffs. Aspen noted, "Buffett has had a front row seat to all of the financial turmoil this spring sparked by President Donald Trump's sweeping new tariffs." Buffett, now 94 years old, has committed to a rigorous four-hour Q&A session with shareholders, aiming to address their concerns directly.

2. President Trump's Budget Proposal: Cuts and Increases

[01:28]
Giles Snyder introduced the topic of President Trump's first budget proposal for his second term, describing it as an "incomplete budget outline" or a "skinny budget." Despite its brevity, the proposal signals Trump's intent to implement drastic changes within the government.

[01:42]
Danielle Kurtzleben provided detailed coverage of the budget's key elements:

• Sharp cuts to agencies such as the National Institutes of Health (NIH), National Science Foundation (NSF), and the Internal Revenue Service (IRS).
• Increases in defense spending by 13%, alongside a substantial 65% increase in homeland security funding.

These allocations aim to bolster national security initiatives, with specific funds directed towards mass deportations and the completion of the border wall. Kurtzleben emphasized, "The president's budget is only a proposal; Congress passes spending bills. However, Trump has shown he's willing to act unilaterally via executive orders and his Department of Government efficiency."

3. Tensions Between Wisconsin Governor and White House Border Official

[02:21]
Giles Snyder shifted focus to Wisconsin, where Governor Tony Evers responded to what he perceives as an arrest threat from White House border official Tom Holman.

[02:32]
Chuck Kornbach of member station WUWM reported that Governor Evers, a Democrat, instructed Wisconsin state employees to:

• Contact an attorney if immigration officers present legal documents at state buildings.
• Refrain from voluntarily handing over any items.

In response, Tom Holman suggested that the governor should "wait to see what's coming." Evers interpreted this as a direct threat, stating at [02:54]:

“Threats like this should be of concern to every Wisconsin and every American who cares about this country and the values we hold here.”

The Department of Homeland Security did not immediately respond to requests for comment.

4. Outcome of the Australian Federal Election

[03:12]
Giles Snyder reported significant political developments in Australia, where Opposition Leader Peter Dutton conceded the federal election. He extended his congratulations to Prime Minister Anthony Albanese, acknowledging the Labour Party's continued hold on power.

The election results are viewed against the backdrop of global economic pressures, including the lingering effects of President Trump's tariffs and the rising cost of living, which influenced voter sentiment and decision-making processes.

5. Severe Flooding in Oklahoma Affects Residents

[03:12]
The episode also covered severe flooding in Oklahoma caused by persistent heavy rains. The deluge has resulted in widespread damage and disruptions.

[03:45]
Sarah Greely recounted her harrowing experience during the floods:

“We did call 911. They said, you know, as long as no one was injured, we just kind of we're on the list. We just have to wait. There was water rescues all over town happening.”

Her new puppy was trapped alongside her at her veterinarian's office, highlighting the community's urgent response and the challenges faced by residents amid the natural disaster.

6. Preparations for the Vatican Conclave in Rome

[03:54]
Giles Snyder provided an international update on the Vatican’s preparations for the upcoming conclave, which is set to begin on Wednesday.

[04:13]
Jason DeRose from Rome explained one of the conclave's most recognizable symbols:

“The Vatican fire brigade has installed the famous chimney atop the Sistine Chapel. After cardinals vote for the next pontiff, their ballots are burned. If the smoke from the chimney is black, it means no one reached the required two-thirds majority to be named pope. If the smoke is white, it means they've elected the next leader of the world's 1.4 billion Catholics.”

DeRose further detailed the conclave proceedings, noting that cardinal electors will start their day with a morning mass at St. Peter's Basilica before proceeding to the Sistine Chapel. Here, a master of ceremonies will oversee the voting process, ensuring that only the voting cardinals remain during the ballots.

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This comprehensive summary encapsulates the critical discussions and insights from the NPR News Now episode aired on May 3, 2025. Whether concerning national policies, international events, or local impacts, the episode provided listeners with a clear and informative overview of the day's most pressing issues.

Transcript

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[Giles Snyder]

In Washington, I'm Giles Snyder. A 25% tariff on imported auto parts is now in effect. President Trump has offered automakers a partial reprieve from them, but the tariffs are still expected to have a major impact on the auto industry. Wall street waiting for Warren Buffett to weigh in on tariffs. NPR's Maria Aspen reports that Berkshire Hathaway CEO is hosting his annual shareholder meeting this morning in Omaha.

[Maria Aspen]

60 years after he bought Berkshire Hathaway, billionaire Warren Buffett is one of the most successful and closely watched investors in the world. His company operates all kinds of businesses from Dairy Queen to Geico Insurance, and it owns shares in some of the largest US Companies. So Buffett has had a front row seat to all of the financial turmoil this spring sparked by President Donald Trump's sweeping new tariffs. Many big companies are withdrawing their financial forecasts for this year, citing the tariffs. Now, tens of thousands of Berkshire shareholders have traveled to Omaha to hear directly from its CEO. Buffett, who is 94, has promised to answer questions for more than four hours on Saturday morning. Maria Aspen, NPR News, Omaha.

[Giles Snyder]

The White House has released its first budget proposal of President Trump's second term. It's an incomplete budget outline known as a skinny budget. But NPR's Danielle Kurtzleben reports it still shows that Trump wants to make further drastic changes to government.

[Danielle Kurtzleben]

The White House budget proposal includes sharp cuts to an array of agencies like the National Institutes of Health, the National Science foundation and the Internal Revenue Service. The proposal would match those non defense cuts with increases to defense spending. All told, the White House proposes increasing defense spending by 13% as well as a 65% increase in spending on homeland security. That money would go in part towards mass deportations as well as completing the border wall. The president's budget is only a proposal Congress passes spending bills. However, Trump has shown he's willing to act unilaterally via executive orders and his Department of Government efficiency. Danielle Kurtzleben, NPR News.

[Giles Snyder]

To Wisconsin now, where Governor Tony Evers has released a video responding to what he says an arrest threat from White House border official Tom Holman. Here's Chuck Kornbach of member station wuwm.

[Chuck Kornbach]

Evers, a Democrat, recently issued guidance to Wisconsin state employees to contact an attorney if immigration officers show up at a state building with legal documents and to not turn over any items on their own. Border czar Tom Homan told reporters Thursday that the governor should, quote, wait to see what's coming. Evers says he's interpreting that as a.

[Tony Evers]

Threat of arrest, showing threats like this should be of concern to every Wisconsin and every American who cares about this country and the values hold here.

[Chuck Kornbach]

The Department of Homeland Security did not immediately respond to a request for comment. For NPR News, I'm Chuck Kwambach in Milwaukee.

[Giles Snyder]

This is NPR News. Australian opposition leader Peter Dutton has conceded today's federal election, saying he has called to congratulate Prime Minister Anthony Albanese. Electoral projections show Albanese's Labour Party will remain in power. Australian voters went to the polls with President Trump's tariffs and the cost of living looming in the background. Cleanup efforts underway in parts of Oklahoma hit this week by flooding caused by heavy rain. The flooding trapped Sarah Greely and her new puppy at her veterinarian's office when water surrounded the building.

[Sarah Greely]

We did call 911. They said, you know, as long as no one was injured, we just kind of we're on the list. We just have to wait. There was water rescues all over town happening.

[Giles Snyder]

Oklahoma has been battered in recent weeks by a steady line of slow moving thunderstorms. At the Vatican, preparations are underway for the conclave scheduled to begin Wednesday. NPR's Jason DeRose reports from Rome that one of the most recognizable signs of the papal election is now visible from St. Peter's Square.

[Jason DeRose]

The Vatican fire brigade has installed the famous chimney atop the Sistine Chapel. After cardinals vote for the next pontiff, their ballots are burned. If the smoke from the chimney is black, it means no one reached the required two thirds majority to be named pope. If the smoke is white, it means they've elected the next leader of the world's 1.4 billion Catholics. This the cardinal electors will begin their day with a morning mass in St. Peter's Basilica. They'll then process to the Sistine Chapel. Once there, a master of ceremonies commands extra omnis, sending out everyone except the voting cardinals. Jason DeRose, NPR News, Rome.

[Giles Snyder]

And I'm Jael Snyder. This is NPR News from Washington.

[Jael Snyder]

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