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- [00:00]
Sarah Gonzalez
Hey, it's Sarah Gonzalez. The economy has been in the news a lot lately. It's kind of always in the news and Planet Money is always here to explain it. Each episode we tell a sometimes quirky, sometimes surprising, always interesting story that helps you better understand the economy. So when you hear something about cryptocurrency or where exactly your taxes go, Yasaves listen to the Planet Money podcast from.
- [00:24]
Jack Spear
NPR live from NPR News. In Washington, I'm Jack Spear. Authorities say the man who's been charming was launching a weekend attack in Boulder, Colorado, that left 12 people injured, have been planning it for a year, targeting what he called a Zionist group. The FBI has identified the suspect as 45 year old Mohammad Sabri Soliman. Speaking at a news conference, Acting U.S. attorney for the District of Colorado J. Bishop Gorell described Sunday's attack.
- [00:52]
J. Bishop Gorell
What the charges allege that he did was the throw Molotov cocktails at a group of men and women, some of them in their late 80s, burning them as they peacefully walked on a Sunday to draw attention to Israeli hostages held in Gaza.
- [01:12]
Jack Spear
Administration officials say Soliman, an Egyptian citizen, is one of half a million people estimated to have overstayed his tourist visa and according to dhs, was in the US Illegally. The outdoor pedestrian mall in Boulder has reopened following the attack. And Emma Vandenindi of member station KUNC.
- [01:29]
Emma Vandeninde
Reports the street's quiet today. Some shop owners are worried about how an event like this could hurt business in the long term. Pedestrians have mixed emotions about safety. John Taylor, the president of Boulder's Chamber of Commerce, says that while the area is not immune from these kinds of attacks, he will work with officials on being extra vigilant moving forward.
- [01:50]
John Taylor
Pearl street is a welcoming environment for all residents and visitors. We will make sure that to keep it doubly safe and maintain it as Boulder's living room and a place to come enjoy community.
- [02:04]
Emma Vandeninde
The suspect has been charged with several felonies, including murder, though no one has died, as well as a federal hate crime. For NPR News, I'm Emma vandeninde in Denver.
- [02:14]
Jack Spear
Representatives from Russia and Ukraine met briefly in Istanbul today, though the meeting, coming after some of the most intense air attacks of the war, appears to have produced little in the way of progress. Over the weekend, Ukrainian drone strikes destroyed a number of Russian warplanes. A NERVF survey is showing constantly shifting tariffs are a drag on the U.S. manufacturing sector. More from NPR's Scott Horsley.
- [02:36]
Scott Horsley
President Trump's tariffs are supposed to help domestic factories, but a survey of factory managers by The Institute for Supply Management tells a different story. The monthly survey once again found factories complaining about the economic uncertainty caused by Trump's on again, off again import taxes. Susan Spence, who oversaw the survey, says factory managers are feeling whipsawed by tariff rates, which which have changed more than 30 times since the beginning of the year.
- [02:59]
Susan Spence
The manufacturing economy continues to struggle. It's going to continue to struggle until there is more certainty around what is going to happen with tariffs.
- [03:08]
Scott Horsley
The survey shows factory orders, output and employment all shrank in May while prices continue to climb. Scott Horsley, NPR News, Washington.
- [03:17]
Jack Spear
Stocks gained ground on Wall street. The Dow up 35 points. The Nasdaq rose 128 points. This is NPR. Hurricanes have caused hundreds of billions of dollars in damage in the US over the past decade. That's according to a new insurance report. NPR's Rebecca Hersher says about half the losses were insured.
- [03:37]
Rebecca Hersher
Of the five most expensive hurricanes to ever hit the U.S. three of them have happened in the last eight years. That's according to an analysis by the reinsurance company Munich Re. Property insurance companies were on the hook for about half the bill from those storms. The analysis estimates insurance rely on their own insurance to cover such losses in the form of what's called reinsurance. Home insurance prices and the price of reinsurance for companies have both skyrocketed in recent years. This is the first week of Atlantic hurricane season. It runs through the end of November. Rebecca Hersher, NPR News.
- [04:15]
Jack Spear
If you're in the right spot, generally further north, you may be able to see the aurora borealis, otherwise known as the northern lights. That's because of weekend solar storms that sent out bursts of energy that create the colorful display Areas in the US where the northern lights could be visible include Alaska, Washington, Montana, the Dakotas and parts of Michigan, Maine and some areas of New England, just to name some. The sun is currently at the maximum phase of 11 year activity cycle. Last year, the strongest geomagnetic storm in 20 years hit the US producing displays across the Northern Hemisphere and briefly disrupting some communications. Crude oil futures prices moved higher today. Oil gained $1.73 a barrel to settle at $62.52 a barre, York. I'm Jack Spear, NPR News, in Washington.
- [05:05]
John Taylor
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- [05:07]
Jack Spear
Amazon Music with a Prime membership.