August 1, 2025 • 4 mins
All the latest national and international news. Topics also include finance, weather and entertainment.
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Speaker 1 (00:00):
This is your twenty four to seven use update. The
latest use this hour at just four minutes.
Speaker 2 (00:08):
President Trump has signed an executive order increasing tariffs on
products from around seventy countries. Originally set to go into
effect today, the new rates will now kick in next week.
Trade deals so far have been agreed to with the
European Union, the UK, Japan, South Korea, and other countries.
Ford is posting its first quarterly loss in two years
(00:30):
after getting hit with eight hundred million dollars in tariff costs.
Temi Traheel with details.
Speaker 3 (00:37):
The Michigan carmaker reported over fifty billion dollars in revenue
in the second quarter, but reported a loss of thirty
six million dollars in its net income. Ford lost nearly
six hundred million dollars due to a recall, and it's model,
the electric vehicle, lost over a billion dollars in the quarter.
The company also reported eight hundred million dollars in tariff
costs for it is estimating a net TEARFF cost this
(00:58):
year of about two billion dollar. Do do mostly do
tariffs on steel and aluminum.
Speaker 2 (01:03):
Streets are flooded across the Northeast after Thursday's heavy rain
Over five inches of rain fell in New York City yesterday,
flooding roads and stalling commuter trains. Flooding was also reported
in Philadelphia, New Jersey. In the Washington, d C. Area,
cleanup crews will be out today as forecasters are expecting
drier conditions. The US Special Envoy to the Middle East
(01:24):
has arrived in Gaza. Blake Sifton reports that Steve Whitcoff
was seen early today with his convoy at an aid
center in the city of Rafa in southern Gaza.
Speaker 4 (01:35):
The White House says they will inspect food distribution sites,
work to secure plans for more food delivery, and meet
with Palestinians to hear about the hunger situation. Firsthand reports
have suggested that they will visit food distribution sites run
by the controversial US and Israeli backed Gaza Humanitarian Foundation.
Speaker 2 (01:52):
That entity was created to replace the UN's role in
providing aid to Palestinians. Whitcof traveled to Israel yesterday to
meet with his Israeli Prime Minister Benjamin Nett, Yahoo, entering
new hopes of a possible ceasefire with Hamas I'm Michael
Kassner after scrubbing the launch due to weather. On Thursday,
NASA and SpaceX will try again to send a four
(02:13):
person crew into orbit. Rory O'Neil reports, we.
Speaker 1 (02:17):
Just a minute ago before blast off, mission control broke
the news to the crew.
Speaker 2 (02:22):
DRAG and SpaceX bad luck on weather there.
Speaker 5 (02:24):
We just got clipped by a cumu's cloud right over
the pad, so ended up scrubbing for weather.
Speaker 1 (02:31):
They took it in stride, but we'll be ready next time.
There's a twenty five percent chance weather could force another
scrub today just before noon Eastern. The crew of four
is launching on a six month mission to the International
Space Station. I'm Rory O'Neil.
Speaker 2 (02:46):
California Governor Gavin Newsom is setting a special election for
the first Tuesday in November to potentially change how congressional
district maps are drawn.
Speaker 5 (02:55):
Maps will be made available in a transparent way. We
will go to the people of this state in a
transparent way and ask them to consider the new circumstances.
To consider these new realities.
Speaker 2 (03:07):
The governor is aiming for more democratic representation. The proposal
comes amid what Newsom calls unfair redistricting in Texas. It
would allow California voters to decide the map drawing process
for the twenty twenty six, twenty twenty eight, and twenty
thirty elections. Former President Joe Biden is taking aim at
President Trump. Speaking at the National Bar Association's annual gathering
(03:30):
in Chicago, Biden said Trump is dismantling the Constitution, you.
Speaker 5 (03:34):
Know, and they're doing it all true, often for the
help of a Congress that's just sitting the sidelines.
Speaker 2 (03:43):
And enabled by the highest court in the nation. The
former president also decried the abduction of immigrants from their
families and communities, and highlighted attacks on civil rights and
voter access. This was Biden's first visit to Chicago since
publicly disclosing that he is battling prostate cancer. I'm Michael Kassner.
This is your twenty four to seven use update. The
latest use this hour at just four minutes.
Speaker 2 (00:08):
President Trump has signed an executive order increasing tariffs on
products from around seventy countries. Originally set to go into
effect today, the new rates will now kick in next week.
Trade deals so far have been agreed to with the
European Union, the UK, Japan, South Korea, and other countries.
Ford is posting its first quarterly loss in two years
(00:30):
after getting hit with eight hundred million dollars in tariff costs.
Temi Traheel with details.
Speaker 3 (00:37):
The Michigan carmaker reported over fifty billion dollars in revenue
in the second quarter, but reported a loss of thirty
six million dollars in its net income. Ford lost nearly
six hundred million dollars due to a recall, and it's model,
the electric vehicle, lost over a billion dollars in the quarter.
The company also reported eight hundred million dollars in tariff
costs for it is estimating a net TEARFF cost this
(00:58):
year of about two billion dollar. Do do mostly do
tariffs on steel and aluminum.
Speaker 2 (01:03):
Streets are flooded across the Northeast after Thursday's heavy rain
Over five inches of rain fell in New York City yesterday,
flooding roads and stalling commuter trains. Flooding was also reported
in Philadelphia, New Jersey. In the Washington, d C. Area,
cleanup crews will be out today as forecasters are expecting
drier conditions. The US Special Envoy to the Middle East
(01:24):
has arrived in Gaza. Blake Sifton reports that Steve Whitcoff
was seen early today with his convoy at an aid
center in the city of Rafa in southern Gaza.
Speaker 4 (01:35):
The White House says they will inspect food distribution sites,
work to secure plans for more food delivery, and meet
with Palestinians to hear about the hunger situation. Firsthand reports
have suggested that they will visit food distribution sites run
by the controversial US and Israeli backed Gaza Humanitarian Foundation.
Speaker 2 (01:52):
That entity was created to replace the UN's role in
providing aid to Palestinians. Whitcof traveled to Israel yesterday to
meet with his Israeli Prime Minister Benjamin Nett, Yahoo, entering
new hopes of a possible ceasefire with Hamas I'm Michael
Kassner after scrubbing the launch due to weather. On Thursday,
NASA and SpaceX will try again to send a four
(02:13):
person crew into orbit. Rory O'Neil reports, we.
Speaker 1 (02:17):
Just a minute ago before blast off, mission control broke
the news to the crew.
Speaker 2 (02:22):
DRAG and SpaceX bad luck on weather there.
Speaker 5 (02:24):
We just got clipped by a cumu's cloud right over
the pad, so ended up scrubbing for weather.
Speaker 1 (02:31):
They took it in stride, but we'll be ready next time.
There's a twenty five percent chance weather could force another
scrub today just before noon Eastern. The crew of four
is launching on a six month mission to the International
Space Station. I'm Rory O'Neil.
Speaker 2 (02:46):
California Governor Gavin Newsom is setting a special election for
the first Tuesday in November to potentially change how congressional
district maps are drawn.
Speaker 5 (02:55):
Maps will be made available in a transparent way. We
will go to the people of this state in a
transparent way and ask them to consider the new circumstances.
To consider these new realities.
Speaker 2 (03:07):
The governor is aiming for more democratic representation. The proposal
comes amid what Newsom calls unfair redistricting in Texas. It
would allow California voters to decide the map drawing process
for the twenty twenty six, twenty twenty eight, and twenty
thirty elections. Former President Joe Biden is taking aim at
President Trump. Speaking at the National Bar Association's annual gathering
(03:30):
in Chicago, Biden said Trump is dismantling the Constitution, you.
Speaker 5 (03:34):
Know, and they're doing it all true, often for the
help of a Congress that's just sitting the sidelines.
Speaker 2 (03:43):
And enabled by the highest court in the nation. The
former president also decried the abduction of immigrants from their
families and communities, and highlighted attacks on civil rights and
voter access. This was Biden's first visit to Chicago since
publicly disclosing that he is battling prostate cancer. I'm Michael Kassner.
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