Loading summary
Carvana
This message comes from Carvana. Explore Carvana's quick and easy financing and browse thousands of car options, all within your budget and timeline. Get pre qualified now@carvana.com financing subject to credit approval. Additional terms and conditions may apply.
Kristen Wright
Live from NPR News in Washington, I'm Kristen Wright. President Trump and Russian President Vladimir Putin will sit down today at a U.S. army base in Anchorage, Alaska, to discuss how to end Russia's war in Ukraine. Trump told reporters on Air Force One that Russia will face economically severe consequences if Putin doesn't seem interested in peace.
Donald Trump
Economically severe? Yes, it will be very severe. I'm not doing this for my health, okay. I don't need it. I'd like to focus on our country, but I'm doing this to save a lot of lives. Yeah, very severe.
Kristen Wright
Rick Maestrom was mayor of anchorage in the 1990s, a time when he says warm relations flourished between Alaska and their Russian neighbors.
Donald Trump
But.
Kristen Wright
But Maestrom says his good feelings about the people of Russia don't extend to Putin.
Rick Maestrom
If I were mayor, I think I would have a hard time to give him a warm welcome to Anchorage. I would be polite, but probably cold.
Kristen Wright
Protesters supporting Ukraine have demonstrated along the streets of Anchorage ahead of today's summit. Israel's far right finance minister says construction work is going ahead on a highly controversial proposed settlement project in the occupied West Bank, a project that he says is intended to, quote, be bury the lead, bury the idea of a Palestinian state. NPR's Emily Feng reports.
Emily Feng
The proposed settlement of about 3,400 housing units would be on a patch of land dubbed E1 near Jerusalem. It would slice into the west bank, dividing in two the main territory that Palestinians hope might one day be their Palestinian state. Betsalo Smotrich, the finance minister pushing the long delayed E1 project forward, said at a press conference Thursday that it is precisely his goal to ensure that by September the hypocritical leaders in Europe will have nothing to recognize, referring to a flurry of several Western governments saying they will recognize a Palestinian state this fall. Jordan, Egypt and the Palestinian Authority all condemned the E1 project. E1 and other Jewish settlements in the west bank are illegal under international law, but their construction has accelerated over the past two years. Emily Fang, NPR News, Tel Aviv.
Kristen Wright
Stocks open mix this morning as the Commerce Department reported an uptick in retail spending less last month. NPR's Scott Horsley reports.
Scott Horsley
Retail sales grew by half a percent between June and July, with increased auto sales accounting for much of the gain. Auto sales rose 1.7%, spending at gas stations was also up even though gasoline prices were down. People spent more money at grocery stores in July, but less money eating out. Import prices rose 0.4% last month, suggesting foreign suppliers are not absorbing much of the cost of President Trump's tariffs. Export prices edged up 1/10 of a percentage. Warren Buffett's Berkshire Hathaway has bought a stake in UnitedHealth Group. The news sent beaten down stock in the health insurance company higher. Scott Horsley, NPR News, Washington.
Kristen Wright
This is npr. A new analysis by the Boston Federal Reserve says high earners in the US have propped up consumer spending. Looking at credit card data going back to 2015, spending has increased among those making more than $120,000 per year much faster than low and middle income earners over the last three years. At the same time, credit card debt rising among low and middle earners. A new report says 2024 was the hottest year on record. NPR's Lauren Sommers says the high temperatures contributed to extreme weather in the US and elsewhere.
Lauren Sommers
2024 was hot partly because of the natural climate pattern of El Nino, which raises temperatures. It was also hot because emissions from burning fossil fuels hit record levels. That's according to a new report from the American Meteorological Society. As a result, glaciers melted, producing the greatest average ice loss in the last 50 years. That contributes to raising sea levels, which hit the highest level in modern record keeping. Extreme rainfall also hit record levels because a hotter atmosphere can hold more water vapor. Because El Nino has now faded, scientists aren't expecting 2025 to take over as the hottest year, but it's still likely to be in the top three. Lauren Sommer, NPR News.
Kristen Wright
Federal health officials are reviving a panel to look at the safety of childhood vaccines. The Department of Health and Human Services says it'll look to refine and develop vaccines that it says would have less serious adverse reactions than what is currently offered. It's the latest action from the agency regarding vaccines. I'm Kristen Wright, and you're listening to NPR News in Washington.
Carvana
Listen to this podcast sponsor, free on Amazon Music with a Prime membership or any podcast app by subscribing to npr news now +@ +npr.org that's +npr.org.
Hosted by Kristen Wright, NPR News Now delivers the latest news in five minutes. This episode covers pivotal international meetings, controversial policies, economic indicators, climate developments, and public health initiatives.
Overview: President Donald Trump is set to meet with Russian President Vladimir Putin today at a U.S. Army base in Anchorage, Alaska. The primary agenda is to discuss strategies to end Russia's ongoing war in Ukraine.
Key Points:
Economic Pressure: Trump has emphasized that Russia will face "economically severe" consequences if Putin remains uninterested in pursuing peace. As Trump stated on Air Force One at [00:40], "Economically severe? Yes, it will be very severe. I'm not doing this for my health, okay. I don't need it. I'd like to focus on our country, but I'm doing this to save a lot of lives. Yeah, very severe."
Local Perspectives: Rick Maestrom, former mayor of Anchorage in the 1990s, reflects on past U.S.-Russia relations. While historical ties were warm, Maestrom distinguishes between the Russian populace and its leadership. At [01:07], he remarked, "If I were mayor, I think I would have a hard time to give him a warm welcome to Anchorage. I would be polite, but probably cold."
Public Response: Ahead of the summit, protesters supporting Ukraine have gathered in Anchorage, demonstrating public engagement and concern regarding the meeting's potential outcomes.
Overview: Israel's far-right Finance Minister, Betsalel Smotrich, announced the continuation of construction on the highly contentious E1 settlement project in the occupied West Bank. This move has sparked international debate and condemnation.
Key Points:
Project Details: The E1 settlement encompasses approximately 3,400 housing units near Jerusalem. Its strategic location is intended to fragment the West Bank, thereby undermining the viability of a future Palestinian state.
Minister's Statement: Smotrich articulated his objective during a press conference at [01:39], stating, "It is precisely my goal to ensure that by September the hypocritical leaders in Europe will have nothing to recognize," referencing Western leaders' potential recognition of a Palestinian state.
International Reaction: The E1 project has been met with widespread condemnation from Jordan, Egypt, and the Palestinian Authority. The international community largely considers E1 and similar Jewish settlements in the West Bank illegal under international law. Despite this, construction activity has surged over the past two years.
Overview: The U.S. stock market opened mixed as the Commerce Department reported a decline in retail spending for the previous month. Economic analyst Scott Horsley provides an in-depth look into the factors influencing these trends.
Key Points:
Retail Sales Growth: Overall retail sales increased by 0.5% from June to July, with significant contributions from the automotive sector. "Auto sales rose 1.7%, spending at gas stations was also up even though gasoline prices were down," explains Horsley at [02:36].
Consumer Spending Patterns: There was a notable shift in consumer behavior, with increased spending at grocery stores juxtaposed against reduced expenditures on dining out.
Trade Figures: Import prices saw a rise of 0.4%, indicating that foreign suppliers are largely passing on the costs of President Trump's tariffs to U.S. consumers. Export prices experienced a marginal increase of 0.1%.
Market Movements: Berkshire Hathaway's acquisition of a stake in UnitedHealth Group instilled confidence in the health insurance sector, resulting in a rebound of UnitedHealth Group's stock price.
Consumer Spending Dynamics: A recent analysis by the Boston Federal Reserve highlights that high earners, those making over $120,000 annually, have been driving consumer spending growth over the past three years. Concurrently, credit card debt among low and middle-income earners has been on the rise, indicating widening economic disparities.
Overview: New findings from the American Meteorological Society label 2024 as the hottest year recorded globally. Climate scientist Lauren Sommers delves into the contributing factors and potential future implications.
Key Points:
Contributing Factors: The record-breaking temperatures in 2024 were influenced by the natural climate phenomenon El Niño, which typically elevates global temperatures, alongside unprecedented emissions from fossil fuel combustion. As Sommers notes at [03:50], "2024 was hot partly because of the natural climate pattern of El Niño, which raises temperatures. It was also hot because emissions from burning fossil fuels hit record levels."
Environmental Impacts: The heightened temperatures have led to substantial glacier melt, resulting in the greatest average ice loss observed in the past half-century. This melt contributes to rising sea levels, which have now reached their highest levels in modern record-keeping.
Extreme Weather Events: The year also saw unprecedented levels of extreme rainfall, a direct consequence of a warmer atmosphere's increased capacity to hold water vapor.
Future Outlook: With El Niño now subsiding, 2025 is expected to remain among the top three hottest years, though it may not surpass 2024's record.
Overview: In response to evolving health concerns, federal health officials are reactivating a panel to reassess the safety of childhood vaccines. The Department of Health and Human Services aims to develop vaccines with fewer adverse reactions.
Key Points:
Reevaluation of Vaccines: The panel's focus will be on refining existing vaccines and creating new formulations that minimize serious side effects, enhancing public trust and safety in vaccination programs.
Agency's Commitment: This initiative represents the latest effort by the Department of Health and Human Services to ensure vaccine safety and efficacy, reflecting an ongoing commitment to public health advancements.
Conclusion: This episode of NPR News Now encapsulates significant global and national developments, ranging from high-stakes international diplomacy and contentious geopolitical projects to economic fluctuations, climate emergencies, and public health strategies. The comprehensive coverage ensures listeners are well-informed about the multifaceted issues shaping our world today.