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Jackson Financial
This message comes from Jackson. Seek clarity in retirement planning@jackson.com Jackson is short for Jackson Financial, Inc. Jackson National Life Insurance Co. Lansing, Michigan and Jackson National Life Insurance Co. Of New York, Purchase, New York.
Shea Stevens
Live from NPR News. In Washington, I'm Shea Stevens. A federal appeals court has temporarily restored President Trump's ability to impose sweeping new tariffs. But as Wall street tries to shrug off the latest tariff whiplash, NPR's Maria Aspen reports that some economists say that the US is at an increased risk for recession.
Maria Aspen
Top executives at Goldman Sachs gathered to discuss the markets, the financial industry and the broader economy. Speaking hours after a federal trade court blocked the tariffs, Goldman's chief economist, Jan Hatzias said he's still worried about damage to the US economy. Goldman currently predicts that the country has a 35% chance of tipping into a recession within the next year.
Jackson Financial
We don't think this court decision really makes a major difference.
Maria Aspen
The president loves tariffs. Hatzia says he expects Trump to continue looking for ways to impose the tariffs. Hours later, an appeals court gave them a temporary green light again. Maria Aspen, NPR news, Dana Point, California.
Shea Stevens
The U.S. supreme Court has sharply narrowed the scope of a key environmental statute, making it easier to win approval for infrastructure projects. The Tales from NPR's Nina Totenberg.
Nina Totenberg
The National Environmental Policy act, known as NEPA, enacted in 1970, sets up a regulatory regime under which the federal government seeks information from a wide array of agencies about what the impact would be for proposed infrastructure projects before they're built. Today, the Supreme Court took a major whack at the 55 year law ruling for the first time that courts should defer to agency determinations as long as they fall within a broad zone of reasonableness. Writing for the court majority Justice Brett Kavanaugh said that the goal of the law is to inform how projects are built, not hamstring them. Nina Totenberg, NPR News, Washington.
Shea Stevens
The Department of Health and Human Services recently announced some major changes to the government's policy on vaccinations. HHS Secretary Robert F. Kennedy, Jr. Says Covid vaccines are no longer recommended for pregnant women and for healthy people under the age of 65. As NPR's Rob Stein reports, the new vaccine policy and the cancellation of a $766 million contract to develop a vaccine against bird flu are generating some concerns.
Rob Stein
These are just the latest steps that Kennedy has taken that affect vaccines, especially the MRNA vaccines. So many public health experts worry that this is part of an over strategy to just undermine public confidence and the use of the vaccines. They point to the measles outbreak that's currently underway and upticks in other childhood diseases like, you know, whooping cough, as evidence of the impact we're already seeing.
Shea Stevens
Rob Stein reporting. This is npr. President Trump is set to hold a rally later today in Pennsylvania to highlight an agreement between Japan based Nippon Steel and U.S. steel. And Nippon is pledging a $14 billion investment, although details of the agreement have not been disclosed. Bernard Kerik was once hailed as a hero for his role as a New York City police commissioner following the 911 and terrorist attacks. But as Bruce Kahnweiser reports, Carrick also served time in federal prison.
Bruce Konfeiser
Bernard Kerik became a household name in the aftermath of the 911 terrorist attack on the World Trade center in Manhattan. He and then Mayor Rudy Giuliani had rushed to the site of the attack, only to be covered in dust when the first tower collapsed. During the 16 months he led the NYPD, crime in the city continued to drop, as it had under his two immediate predecessors. In 2004, President George W. Bush nominated Kerik to lead the Department of Homeland Security. The appointment sparked routine background checks, but they turned up dubious behavior. He eventually pleaded guilty to multiple federal charges, including tax fraud, and served three years in prison. Bernard Kerik was 69. For NPR News, I'm Bruce Konfeiser in New York.
Shea Stevens
The White House says Israel has accepted a new proposal calling for a temporary ceasefire in Gaza. The proposal received a cool response from Hamas leaders, who say they still have to study it. Hamas has also refused to Release the remaining 58 hostages unless Israel frees more Palestinian prisoners and pulls out of Gaza. US Futures are lower in after hours trading on Wall Street. This is NPR News.
Maria Aspen
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Release Date: May 30, 2025
Host: Shea Stevens
Producer: NPR
Description: The latest news in five minutes. Updated hourly.
Host Introduction:
Shea Stevens opens the episode by addressing a significant development in U.S. trade policy. A federal appeals court has temporarily reinstated President Donald Trump's authority to impose new tariffs, a move that has stirred volatility in the financial markets and raised economic alarms.
Goldman Sachs on Recession Risks:
Maria Aspen reports on a recent gathering of top executives at Goldman Sachs, where discussions centered on market stability, the financial industry, and the broader economic outlook. Jan Hatzias, Goldman Sachs' chief economist, expressed continued concern about the potential damage to the U.S. economy due to the renewed tariff threats.
"Goldman currently predicts that the country has a 35% chance of tipping into a recession within the next year." [00:38]
Hatzias goes on to emphasize the persistent anxiety among economists despite the court's initial blockage of the tariffs. He anticipates that President Trump is likely to pursue alternative avenues to implement these tariffs, reflecting the administration's ongoing commitment to protectionist trade measures.
"The president loves tariffs." [01:07]
Despite the appellate court's temporary approval of the tariffs, Hatzias remains skeptical about the decision's long-term impact.
"We don't think this court decision really makes a major difference." [01:02]
Nina Totenberg's Analysis:
The Supreme Court has delivered a transformative decision affecting the National Environmental Policy Act (NEPA), a pivotal environmental statute enacted in 1970. Nina Totenberg provides an in-depth analysis of the ruling, which significantly narrows NEPA's scope, thereby simplifying the approval process for infrastructure projects.
Justice Brett Kavanaugh, writing for the majority, underscored the statute's original intent:
"The goal of the law is to inform how projects are built, not hamstring them." [01:34]
This landmark decision marks the first time the Supreme Court has directed that courts should defer to agency determinations provided they reside within a "broad zone of reasonableness." The ruling is expected to expedite infrastructure development by reducing the regulatory hurdles previously imposed by NEPA.
Rob Stein Reports:
Shea Stevens introduces a critical update from the Department of Health and Human Services (HHS). HHS Secretary Robert F. Kennedy Jr. announced significant changes to the government's vaccination policies, stating that COVID-19 vaccines are no longer recommended for pregnant women and healthy individuals under 65 years of age. Additionally, the department has canceled a $766 million contract aimed at developing a vaccine against bird flu.
Rob Stein elaborates on the potential implications of these changes:
"These are just the latest steps that Kennedy has taken that affect vaccines, especially the MRNA vaccines." [02:47]
Public health experts are voicing concerns that these policy shifts may undermine public confidence in vaccines. They point to the ongoing measles outbreak and increases in other childhood diseases like whooping cough as tangible consequences of reduced vaccine uptake.
"They worry that this is part of an over strategy to just undermine public confidence and the use of the vaccines." [02:47]
Shea Stevens' Update:
President Trump is scheduled to hold a rally in Pennsylvania to announce a significant agreement between Japan-based Nippon Steel and U.S. Steel. The deal involves a substantial $14 billion investment from Nippon, although specific details remain undisclosed at this time. This move is part of the administration's broader strategy to bolster domestic manufacturing and reinforce international trade relationships.
Bruce Kahnweiser Reports:
Bernard Kerik, once celebrated for his leadership as New York City’s police commissioner during the aftermath of the September 11 attacks, now faces scrutiny for his past legal issues. Bruce Kahnweiser delves into Kerik's complex history, highlighting both his contributions and his eventual downfall.
Kerik gained national recognition for his swift response to the 9/11 terrorist attacks, working alongside then-Mayor Rudy Giuliani. His tenure saw a continued decline in crime rates, a trend established by his predecessors. However, Kerik's career took a dramatic turn in 2004 when President George W. Bush nominated him to lead the Department of Homeland Security. Subsequent background checks revealed questionable behavior, leading Kerik to plead guilty to multiple federal charges, including tax fraud. He served three years in prison and has since become a controversial figure.
"During the 16 months he led the NYPD, crime in the city continued to drop, as it had under his two immediate predecessors." [03:34]
Shea Stevens' Briefing:
The White House has announced that Israel has accepted a new proposal for a temporary ceasefire in Gaza. However, the response from Hamas leaders has been lukewarm, as they indicate the need for further study of the proposal. Complicating matters, Hamas has refused to release the remaining 58 hostages unless Israel agrees to release more Palestinian prisoners and withdraw from Gaza. This stalemate continues to exacerbate tensions in the region.
Shea Stevens Concludes:
In after-hours trading, U.S. futures are trending lower, reflecting investor anxiety amid the latest developments in trade policies and geopolitical tensions.
Jan Hatzias, Goldman Sachs Chief Economist:
"Goldman currently predicts that the country has a 35% chance of tipping into a recession within the next year." [00:38]
Jan Hatzias on Tariffs:
"The president loves tariffs." [01:07]
Justice Brett Kavanaugh on NEPA:
"The goal of the law is to inform how projects are built, not hamstring them." [01:34]
Rob Stein on Vaccine Policy Concerns:
"They worry that this is part of an over strategy to just undermine public confidence and the use of the vaccines." [02:47]
Bernard Kerik's Impact on NYPD Crime Rates:
"During the 16 months he led the NYPD, crime in the city continued to drop, as it had under his two immediate predecessors." [03:34]
This episode of NPR News Now provides a comprehensive overview of several critical issues affecting the United States and the international community. From economic uncertainties driven by trade policies to significant legal rulings impacting environmental regulations, the segment also touches on public health policy changes and geopolitical tensions in the Middle East. Additionally, the personal saga of Bernard Kerik serves as a reminder of the complexities within public service roles. Listeners gain valuable insights into the interplay between policy decisions and their broader societal impacts.