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Jeanine Herbst
Live from NPR News in Washington, I'm Jeanine Herbst. President Trump says the U.S. and Iran have come to a deal. NPR's Franco Ordonez reports. This could mark the end of a four month war that's wreaked havoc on Middle it also sent global energy prices surging.
Franco Ordonez
President Trump posted on social media that the deal with the Islamic Republic of Iran is now complete. Congratulations to all. He did not share many details, but said the agreement included Iran reopening the Strait of Hormuz and the US Removing its own blockade of Iranian ports. Trump added, quote, ships of the world, start your engines, let the oil flow. The president has prematurely made announcements on peace deals before, and some international observers will likely be skeptical until they see greater details. But Pakistan's prime minister, who's been helping negotiate the deal, also posted that an agreement has been reached on an immediate ceasefire, and the Iranians seem to be confirming this as well. Franco Ordonez, NPR News.
Jeanine Herbst
Today is President Trump's 80th birthday, and he's spending it watching a mixed martial arts fight on the White House lawn. NPR's Mara Eliasson has more.
Mara Liasson
The Ultimate Fighting Championship cage match on the White House south lawn comes at a time when age and generational change are big issues. In the midterms, his critics say Trump has been showing signs of decline, closing his eyes in White House meetings, but the White House denies he has fallen asleep. The mixed martial arts match today is meant to contradict that image of decline. Trump's brand is supposed to be strength, toughness, fight, fight, fight. So the event is on brand, but it' controversial. The match is costing taxpayers money, and Trump himself has invested tens of thousands of dollars in the parent company of the match. His family has been selling commemorative coins tied to the fight. Mara Liasson, NPR News.
Jeanine Herbst
The Federal Reserve meets this week to discuss interest rates after May's high inflation report. NPR's Stephen Bassaha reports. This will also be the first press conference for Kevin Warsh as the Fed's new chair.
Stephen Bassaha
President Trump made it clear before nominating Kevin Warsh that he wants the Fed to cut interest rates, but when policymakers meet Tuesday and Wednesday, they are expected to keep rates steady. May's strong job report lessened the argument that a cut is needed. And May's consumer price index puts more pressure on the Fed to raise rates at some point after prices rose 4.2% over the last 12 months. Investors will watch closely what war says for signs about the Fed's future interest rate plans Tuesday. We'll also provide the latest on home construction for May after the market slowed down in April. New home starts were down 9% in April from a month earlier. Stephen Masaha, NPR News.
Jeanine Herbst
U.S. futures contracts are trading higher at this hour. Dow futures are up about 6.10of a percent. You're listening to NPR News. Riot police fired tear gas and water cannons in clashes with stone throwing youths during a protest today in Geneva against the G7 group of wealthy nations. This comes the day before G7 leaders, including President Trump, hold a summit in nearby France. Environmentalists, women's rights and pro Palestinian activists led the way. Demonstrators have expressed frustration with Trump and other G7 leaders over various issues. Swiss and French authorities deployed thousands of police for the summit that gets underway tomorrow. Lawmakers in Arizona are tripling the state's fund for potential lawsuits over water from the Colorado river that it shares with other states. Alex Hager of member station KJZZ has more.
Alex Hager
The fund was set up last year, and the new budget will bring it to $9 million. Arizona could use the money if it heads to a court battle with other states that use the Colorado river or the federal government. Those states are California, Nevada, Colorado, Utah, Wyoming, New Mexico. They've been unable to agree on how to manage water moving forward. State leaders all say they want to avoid lawsuits, but seem far apart on a deal to stay out of court with a midsummer deadline quickly approaching. Earlier this year, Arizona secured an east coast law firm to represent the state in a potential case. Climate change and drought mean that demand for water is higher than supply, and states can't agree about who exactly should have to cut back. For NPR News, I'm Alex Hager in Phoenix.
Jeanine Herbst
And I'm Jeanine Herbst. And you're listening to NPR News from Washington.
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Host: Jeanine Herbst
Duration: 5 minutes
Description: A concise roundup of the hour’s top headlines, from international diplomacy to U.S. politics, economic updates, and major domestic issues.
This NPR News Now episode covers pivotal global and domestic stories including a potential ceasefire between the U.S. and Iran, President Trump’s 80th birthday event, looming Federal Reserve decisions on interest rates, protests around the G7 summit, and a water dispute among western U.S. states. The reporting aims to deliver clarity and immediacy on complex, developing situations that affect listeners both nationally and globally.
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This five-minute news summary delivers a brisk, comprehensive look at global diplomacy, political spectacle, economic outlooks, civil unrest, and environmental disputes—offering listeners crucial updates for the hour in NPR’s measured, factual tone.