The Latest: 05/02/2025 05:59pm ET

All the latest national and international news. Topics also include finance, weather and entertainment.

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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. Millions are
under severe weather alerts from Texas to New York today.
The Southern Plains is under the biggest risk. Forecasters say
the Tennessee Valley and southern Apalachians could see golf ball
sized tail wind gus up to sixty miles per hour

(00:23):
and possible tornadoes. China says it's evaluating what it says
is an offer from the US to begin trade talks.
Corresponding Christine Roman says more.

Speaker 2 (00:33):
Before moving forward, China says the US needs to quote
take actions in correcting its mistakes and canceling the unilateral tariffs.
President Trump has put a steep one hundred and forty
five percent tariff on Chinese products in the week since
prices have risen on everything from household goods to electronics.

Speaker 1 (00:50):
This comes as the Trump administration today ended a loophole
that allowed the duty free import of goods valued under
eight hundred dollars. An elderly Illinois landlord lord will likely
spend the rest of his life behind bars for the
stabbing death of a young Palestinian American boy seventy three
year old Joseph Cuba received a total sentence of fifty

(01:10):
three years for multiple charges connected with the hate crime murder.
The killing of the six year old happened just days
after the start of the Israel Hamas War in twenty
twenty three. Wall Street is closing sharply higher to cap
a strong week.

Speaker 3 (01:25):
Kristin Marx reports stocks jumped following a better than expected
monthly jobs report, which helped ease recession fears. The SMP
five hundred posted its longest winning streak in two decades,
with the three major averages notching weekly gains of more
than two percent. At the closing bell, the Dow Jones
Industrial Average gained five hundred and sixty four points, the

(01:45):
SMP five hundred rows eighty two points. The Nasdaq climbed
two hundred and sixty six points. I'm Kristin Marx.

Speaker 1 (01:52):
Cardinals will meet next week to formally begin the process
of selecting a new pope. Vatican firefighters are in installing
the chimney that will signal to the world when a
new pope is selected. I'm Brian Schuk. The state of
Hawaii is suing several of the big oil companies due
to climate change. The lawsuit, filed in state court on Thursday,

(02:14):
names Exxon Mobil, Chevron, Knoko, Phillips, Shell, BP, Aloha Petroleum,
Phillips sixty six, Woodside Energy, Hawaii, BHP Hawaii, Equallon, and
the American Petroleum Institute. It accuses them all of lying
to the public about how fossil fuels cause climate change.

(02:35):
Millions of consumers will be spending money on Cinco Demayo
this year. Michael Kastner has the story.

Speaker 4 (02:42):
Monei two, Moni three Moderishop Danuel Mexican holiday is this Monday,
and Marker researchers say about seventeen percent of US consumers
will spend at least twenty five dollars on supplies.

Speaker 5 (02:56):
For Sinco Tomayo, with some spending up to one hundred
dollars for research shows most of the holiday spending will
be for food and alcohol, and the most popular alcohol
purchase on Sinko demail will be moderate.

Speaker 4 (03:09):
Two moderate three moderate shot.

Speaker 5 (03:12):
I'm Michael Kasner.

Speaker 1 (03:14):
Today is National Space Day pre Tennis with more on
the reason for the day.

Speaker 6 (03:19):
The day recognizes advancements and achievements in space exploration. It
promotes math, science, technology, and engineering, all things required for
people to go to space. Last year, more than eight
thousand people applied for the NASA Astronaut Program. Twelve to
sixteen were selected. And if you go, you might not
be alone. UFOs have been reported by many astronauts while

(03:41):
in space. VANASA isn't talking. I'm pre Tennis.

Speaker 1 (03:44):
The release of the highly anticipated video game Grand Theft
Auto six is being pushed back. Rockstar Games made the
announcement on Friday and shared it's now set to release
on May twenty sixth, twenty twenty six. The action adventure
game was previously on track for a fall launch this year.
I'm Brian Shook.