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.
Speaker 2 (00:05):
In just four minutes, President Trump's new TERORF rates on
US trading partners are weighing down stocks on Wall Street.
Originally set to go into effect today, new rates will
now kick in next week. As a result, that Dow
has been down over seven hundred points, the S and
P five hundred has been down well over one percent,
(00:26):
and the Nasdaq has been down over four hundred points
lower at times. More from Mark Mayfield.
Speaker 1 (00:32):
The President announced he has given Mexico a ninety day
extension after he spoke with that country's president earlier this week.
Trump refused to offer deadline extensions as he pushes fo
countries around the world to agree to trade deals. Deals
so far have been agreed to with the European Union,
the UK, Japan, and South Korea, among others. On Wednesday,
Trump announced a twenty five percent tariff against India with
(00:53):
a penalty due to what he said was them buying
military equipment and energy from Russia. A deal was also
reached with cam No no raising tariffs from twenty five to
thirty five percent. I'm Mark Mayfield.
Speaker 2 (01:04):
Unemployment is up slightly, It went up in June a
tenth of a percent to four point two percent. According
to Numbers out Today, unemployment grew by two hundred and
twenty one thousand, while the labor force shrank by nearly
forty thousand. The Northeast has seen torrential rain flooded streets.
Over five inches of rain fell in New York City
on Thursday, flooding the roads, installing commuter trains. In New York,
(01:27):
Aaron McLoughlin.
Speaker 3 (01:29):
Chaos on the roads and Queens attractor trailer and cars submerged,
and in Manhattan a major expressway underwater.
Speaker 4 (01:36):
I thought it was going to be like light rain
because I saw the forecast yesterday and they said my
rain at three, my rain at six, and on that whatever,
all right, And just didn't expect Baside Lair Station to
turn into a river.
Speaker 3 (01:47):
The city's trains also impacted and businesses closed.
Speaker 2 (01:51):
The man accused of murdering a married couple at an
Arkansas state park will be in court today. Andrew James
McGann was taken into custody Wednesday and we'll face two
counts of capital murder. Please say his DNA was matched
to the crime scene. I'm Michael Kassner. House Democratic Leader
Jakim Jeffrey says the party is closely watching a gop
led redistricting effort in Texas and ads there backing state
(02:16):
lawmakers who oppose it. He sidestepped the idea of a
quorum break like has been done in the past to
prevent a vote. We're going to do everything possible to
support the Texas legislators as they consider the best ways
to push back. Leaving the state comes with risks. Democrats
would face a five hundred dollars daily fine and the
(02:39):
threat of arrest. State Attorney General Ken Paxton suggested this
week that lawmakers should be locked up at the state
capitol for the rest of a special session, forcing them
to sleep and eat in their offices, in order to
get the maps passed. Sean Diddy Coombe's legal team is
seeking to have his convictions overturned. More from Jennifer POULSONI.
Speaker 5 (03:00):
Can nobody take my pride? According to TMZ, Combs's attorneys
file a new motion asking for an acquittal, arguing that
Combs is the only person convicted of violating the Man
Act who didn't profit from the scheme, make the arrangements,
or have sex with the prostitutes. If the judge doesn't acquit,
Combs's legal team will request a new trial for only
(03:21):
the Man Act charges. Sentencing is set for Combs October third.
Speaker 2 (03:27):
Again and Margaritaville's own Jimmy Buffett's yacht, is up for auction,
according to South Florida based G three Auctions, The ninety
foot Chioi Lee Expedition yacht was built in nineteen ninety
nine with an original price tag close to three million dollars.
The minimum bid is one point two million dollars. It's
(03:49):
just one tiny catch, and that is that the yacht
is in Fuque, Thailand needs to be picked up by
its new owners. The twenty four hour auction begins September fourth.
I'm Michael kap snare
This is your twenty four to seven use update the
latest use this hour.
Speaker 2 (00:05):
In just four minutes, President Trump's new TERORF rates on
US trading partners are weighing down stocks on Wall Street.
Originally set to go into effect today, new rates will
now kick in next week. As a result, that Dow
has been down over seven hundred points, the S and
P five hundred has been down well over one percent,
(00:26):
and the Nasdaq has been down over four hundred points
lower at times. More from Mark Mayfield.
Speaker 1 (00:32):
The President announced he has given Mexico a ninety day
extension after he spoke with that country's president earlier this week.
Trump refused to offer deadline extensions as he pushes fo
countries around the world to agree to trade deals. Deals
so far have been agreed to with the European Union,
the UK, Japan, and South Korea, among others. On Wednesday,
Trump announced a twenty five percent tariff against India with
(00:53):
a penalty due to what he said was them buying
military equipment and energy from Russia. A deal was also
reached with cam No no raising tariffs from twenty five to
thirty five percent. I'm Mark Mayfield.
Speaker 2 (01:04):
Unemployment is up slightly, It went up in June a
tenth of a percent to four point two percent. According
to Numbers out Today, unemployment grew by two hundred and
twenty one thousand, while the labor force shrank by nearly
forty thousand. The Northeast has seen torrential rain flooded streets.
Over five inches of rain fell in New York City
on Thursday, flooding the roads, installing commuter trains. In New York,
(01:27):
Aaron McLoughlin.
Speaker 3 (01:29):
Chaos on the roads and Queens attractor trailer and cars submerged,
and in Manhattan a major expressway underwater.
Speaker 4 (01:36):
I thought it was going to be like light rain
because I saw the forecast yesterday and they said my
rain at three, my rain at six, and on that whatever,
all right, And just didn't expect Baside Lair Station to
turn into a river.
Speaker 3 (01:47):
The city's trains also impacted and businesses closed.
Speaker 2 (01:51):
The man accused of murdering a married couple at an
Arkansas state park will be in court today. Andrew James
McGann was taken into custody Wednesday and we'll face two
counts of capital murder. Please say his DNA was matched
to the crime scene. I'm Michael Kassner. House Democratic Leader
Jakim Jeffrey says the party is closely watching a gop
led redistricting effort in Texas and ads there backing state
(02:16):
lawmakers who oppose it. He sidestepped the idea of a
quorum break like has been done in the past to
prevent a vote. We're going to do everything possible to
support the Texas legislators as they consider the best ways
to push back. Leaving the state comes with risks. Democrats
would face a five hundred dollars daily fine and the
(02:39):
threat of arrest. State Attorney General Ken Paxton suggested this
week that lawmakers should be locked up at the state
capitol for the rest of a special session, forcing them
to sleep and eat in their offices, in order to
get the maps passed. Sean Diddy Coombe's legal team is
seeking to have his convictions overturned. More from Jennifer POULSONI.
Speaker 5 (03:00):
Can nobody take my pride? According to TMZ, Combs's attorneys
file a new motion asking for an acquittal, arguing that
Combs is the only person convicted of violating the Man
Act who didn't profit from the scheme, make the arrangements,
or have sex with the prostitutes. If the judge doesn't acquit,
Combs's legal team will request a new trial for only
(03:21):
the Man Act charges. Sentencing is set for Combs October third.
Speaker 2 (03:27):
Again and Margaritaville's own Jimmy Buffett's yacht, is up for auction,
according to South Florida based G three Auctions, The ninety
foot Chioi Lee Expedition yacht was built in nineteen ninety
nine with an original price tag close to three million dollars.
The minimum bid is one point two million dollars. It's
(03:49):
just one tiny catch, and that is that the yacht
is in Fuque, Thailand needs to be picked up by
its new owners. The twenty four hour auction begins September fourth.
I'm Michael kap snare
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