The Latest: 04/10/2025 10:59am ET

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Episode Transcript

Speaker 1 (00:00):
This is your twenty four to seven use update. The
latest use this hour in just four minutes.

Speaker 2 (00:08):
Wall Street is seeing stocks taking a fall again this morning,
one day after President Trump announced a pause on some teriffs.
That announcement caused a huge rally Wednesday on Wall Street.
Business reporter Brian Chung.

Speaker 3 (00:22):
Yeah, yesterday records that we haven't seen since I believe
World War two in terms of a single day gain.

Speaker 1 (00:27):
But we're now losing some of.

Speaker 2 (00:29):
That this morning. The now dropped one thousand points. Peter
Alexander at the White House says the tariff in decision
means businesses are proceeding with caution, if they're proceeding at all.

Speaker 3 (00:40):
But the question for a lot of companies is what
do they do about this right now? Is it time
to start moving manufacturing back to the US to start hiring.
The real concerns among some business community leaders that a
lot of people are just going to sit on the
sidelines for a bit to see how this plays out.

Speaker 2 (00:55):
Meanwhile, the latest consumer price in deck showed inflation eased
in March. European Union is following President Trump in pausing
reciprocal tariffs for ninety days. Yesterday, the EU voted in
favor of a package It was meant to respond to
US tariffs on steel and aluminum that were put in
place last month. Eu'sed retaliatory terraffs were meant to go

(01:15):
into effect on April fifteenth. House Speaker Mike Johnson says
progress has been made to pass the GOP's Budget Resolution bill.

Speaker 4 (01:24):
I'm happy to tell you that this morning, I believe
we had the votes to finally adopt the Budget Resolution.

Speaker 1 (01:29):
So we can move forward on President Trump's very important
agenda for the American people.

Speaker 2 (01:34):
This comes after Johnson canceled the vote yesterday after at
least a dozen Republicans had planned to vote know The measure,
which already passed in the Senate, calls for tax cuts,
an increase in immigration enforcement and spending on defense, and
raise the dead limit. Several hardline conservatives have spoken out
against the Senate's plan due to their only being four

(01:56):
billion dollars in spending cuts, whereas the House's version would
make up to two trillion in cuts. The House is
now set to vote on the bill ahead of a
two week recess. I'm Michael Kassner, a woman shot by
police during a manhunt for a hit and run suspect
in Eagle Rock, California, is the wife of weezer Bassis
Scott Schreiner Daniel Martindale with Moore.

Speaker 1 (02:18):
Fifty one year old Jillian Schreiner was shot by a
Los Angeles police officer on Tuesday afternoon. Police say the woman,
who was uninvolved in the initial incident, was shot after
pointing a gun at officers. She's now facing an attempted
murder charge. The primary suspect wanted after a hit and
run crash on the one thirty four freeway, was arrested
after stripping down to his underwear and swimming in a
backyard pool. Police say Jillian Schreiner emerged from the home

(02:41):
next door while police were searching for the man. Her
gunshot wound to the shoulder is not considered life threatening.

Speaker 2 (02:47):
Its tax season again. Tax prep experts advise avoiding snail
mail for a quicker IRS refund. More from Sara Lee Kessler.

Speaker 4 (02:56):
If you're looking for the quickest tax refund and who's not,
you should file as soon as possible. But orn Adler,
a CPA in Fair Lawn, New Jersey, says that's not all.
It's just step one. Here's step two.

Speaker 5 (03:10):
Absolutely, The fastest and most compliant way to get a
refund is electronic filing, either through your tax repair or
through free filing. But doing everything electronically and digitally is
the fastest way to get your money back?

Speaker 4 (03:24):
And how long does that take?

Speaker 5 (03:26):
Usually the IRS will refund your money within three to
five days. There's no assurance of that, but the money
comes relatively quicker from the IRS.

Speaker 4 (03:36):
But if you go the old fashioned route and file
using snail mail, Adler says you could wait two months
for a refund from the IRS. As for your state refund,
that depends where you live, but expect to wait a month.

Speaker 5 (03:51):
He says.

Speaker 2 (03:52):
Microsoft is testing a new feature on its Copilot app
that lets users share their screens with an AI assistant
Copilot Vision. We'll look what you're doing and help guide
you through using programs like Adobe, Photoshop and others. I'm
Michael Kassner.