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Live from NPR News, I'm Lakshmi Singh. It was disclosed this week that President Trump made over $1 billion from crypto businesses last year. Those investments have worked out well for the president, but as NPR's Rafael Nam reports, many investors in those ventures have lost a lot of money.
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When it comes to cryptocurrencies, Trump has followed a plan similar to the ones he has used during most of his business career. He earns a lot of money but is careful to protect himself and his family from any downsides. Take a meme coin he launched. Or essentially a cryptocurrency based on things like memes or even cartoons. Trump doesn't own the meme coin, he just licenses his name. That earned him over $600 million. The coin itself, though, it has crashed from over $70 at its peak to about a dollar today, leading to big losses for investors.
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Right.
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Rafael Nam, NPR News.
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Hiring slowed to the tune of 57,000 jobs added to payrolls in June. That is less than half of the gains recorded the previous month. The unemployment rate ticked down to 4.2%. The latest report signals companies are cautious about the labor market's stability as the inflation rate remains at a three month high. the close, the Dow was up nearly 600 points. The Nasdaq was down more than 200 points. Extreme daytime heat in much of the eastern U.S. is likely to see set records. But as NPR's Scott Newman tells us, experts say the warm nighttime temperatures are also a health concern.
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Daytime highs are expected to reach into the 1000s for parts of the Mid Atlantic through the end of the week. Ashley Ward, director of the Heat Policy Innovation Hub at Duke University's Nicholas Institute, says climate change is not only bringing hotter days, but hotter nights, too. And that's worrisome.
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She says we're not getting the opportunity for recovery overnight.
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Roughly 35 million Americans do not have air conditioning installed in their homes, making them more vulnerable to heat exhaustion and heat stroke. Scott Newman, NPR News.
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Syrian health officials say at least six people are dead after an explosive device detonated in a Cafe in Damascus. NPR's Ruth Sherlock reports.
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The bomb detonated at a cafe close to the main courthouse. Video footage from the scene showed several injured people lying on the ground seriously. State run television said dozens of people were wounded. No group has immediately claimed responsibility for the attack. In comments carried on Syrian state media, the Damascus governor, Mahed Idlibi, said the blast was caused by a crudely made improvised explosive device. The extremist Islamic State group operates cells in Syria, and the attack comes as Syrian President Ahmed Al Sharia seeks to consolidate control of Syria after ousting dictator Bashar al Assad following more than 14 years of civil war.
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It's NPR. A former Olympian's been indicted in Washington, D.C. for allegedly vandalizing the newly refurbished reflecting pool. David Hearn's been charged with one felony count of property destruction June 19. The Maryland resident has admitted to media outlets that he came in contact with newly peeled coating in the water, but he denies that he vandalized the pool. The administration has accused vandals of messing with upgrades to the reflecting pool and threatened to impose harsh punishments on offenders. The Swift Observatory was launched into orbit by NASA in 2004. A rescue mission has been planned to keep it from burning up in Earth's atmosphere later this year, but that mission's just been delayed again. Here's NPR's Ari Daniel for more than
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two decades, the Swift Observatory has been chronicling some of the most violent explosions to have occurred in our universe since the Big Bang to try to understand what causes them. But it's losing altitude, falling towards the Earth, and now it's in danger of being torn apart by our atmosphere. That's why NASA wants to launch a special robotic spacecraft to latch onto the observatory and push it into a higher orbit. There have been weather delays. And then today, after the aircraft carrying the spacecraft took off from the Marshall Islands, a technical issue kept the team from deploying the rocket. NASA plans to arrange a new launch date after examining what happened. Daniel. NPR News.
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Another Swift is people's attention today in New York City watching to see if Taylor Swift and Travis Kelce really do get married tomorrow at Madison Square Garden, according to rumors. This is NPR News.
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