The Latest: 08/22/2025 05:58am 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.

Speaker 2 (00:03):
The latest use this hour at just four minutes.

Speaker 3 (00:08):
Investors will be watching for any clues on interest rates
as Jerome Powell delivers what will likely be his last
address as Fed share Today Economic reporter Kevin Sirilli is
at the Federal Reserves Conference in Jackson Hole, Wyoming, what.

Speaker 1 (00:24):
They hope will provide some clarity and clues around his
decision on whether or not he will cut rates in September.

Speaker 3 (00:31):
It's widely expected the Fed will cut rates in September,
but surrillly cautions that Powell remains weary about President Trump's
tariffs and the uncertainty they present to the market. Trump
has been a harsh critic of Powell over his refusal
to cut rates so far. Democrats in California are moving
forward with their own redistricting efforts. Governor Gavin Newsom signed

(00:53):
the measure on Thursday that calls for a special election
aiming to redraw state maps that would most likely give
Democrats five additional House seats. They fired the first shot Texas.

Speaker 1 (01:04):
We wouldn't be here at Texas.

Speaker 3 (01:05):
Not done what they just did.

Speaker 4 (01:08):
Donald Trump didn't do what he just did.

Speaker 3 (01:11):
The state wide vote will be held in November. California's
redistricting push comes as Texas Republicans move closer to finalizing
their own rework districts. A federal judge in Miami has
ruled that no more detainees can be sent to so
called Alligator Alcatraz, the latest from Tammy Treheo.

Speaker 1 (01:30):
The order issued Thursday night also requires much of the
detention facility in the Florida Everglades to be dismantled within
sixty days. The ruling upholls and injunction that was requested
over alleged violations of the National Environmental Policy Act. Court
records show the state of Florida plans to appeal.

Speaker 3 (01:46):
The US is halting employment visas for commercial truck drivers.
It's part of Transportation Secretary Sean Duffy's push to enforce
English proficiency standards on truck drivers on Wall Street. Before
the opening bell Stock futures are a little changed ahead
of Fed Chair Powell's Jackson Hole speech. I'm Michael Kassner.

(02:07):
Officials say reports of an active shooter on the campus
at Villanova University were a hoax.

Speaker 4 (02:12):
There was a call that came in around four thirty
this afternoon to law enforcement and nine one one Center,
saying that there was an active shooter in the building,
in the law school building and that there was a victim,
at least one victim who was wounded. That has turned
out not to be true.

Speaker 3 (02:25):
That's Delaware County District Attorney Jack Stolsneimer School president Reverend
Peter Donahue emailed students less than two hours after the alert,
calling it a cruel hoax. So far, there's no word
on who was responsible, and law enforcement is investigating. The
district attorney called the hoax a crime. Thousands of Boeing
workers in the Saint Louis area remain on strike as

(02:46):
another workweek comes to a close. About thirty five hundred
members of the Machinists and Aerospace Workers union walked off
the job earlier this month following failed negotiations over a
new contract. Striking workers are mainly responsible for the building
of fighter jets and weapons systems. The Grand Champion Ham
fetched a near record amount at the Kentucky State Fair auction.

(03:08):
More from Paul Miles all.

Speaker 2 (03:10):
Right it for mayon one, mon Mont, a near record
price for the Grand Champion Country Ham at the Kentucky
State Fair and we have solt sold at ten million dollars.

Speaker 1 (03:20):
Two ways.

Speaker 2 (03:22):
Central Bank and Kelly and Joe Kraft combined their bids
and will each donate five million dollars to charities across Kentucky.

Speaker 3 (03:29):
Today is National Tooth Fairy Day. There's actually two a year,
one in February, free tennis with more on a day
designed to get kids brushing, but it's really about the
tooth fairy swap out.

Speaker 5 (03:40):
The Chicago Tribune claims to have invented the tooth Fairry
in nineteen oh nine as a way for kids to
dispose of their lost teeth for about five cents a tooth,
but according to Norse legend, we've been exchanging teeth for
a fee since the thirteenth century. Delta Dental says the
average child loses twenty teeth from ages six to twelve.
The price per tooth and twenty twenty five is about

(04:01):
five bucks, and that's a mouthful of cash.

Speaker 3 (04:04):
A Michael Kassner