NPR News: 05-11-2026 4AM EDT
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What economic factors are influencing investor sentiment this week?
Live from NPR News in Washington, I'm Dan Roman. Investors will be looking both at home and abroad this week for reassurance about the U.S. economy, the war, and its impact on inflation. NPR's Marie Aspin reports.
More companies are releasing quarterly report cards in what's already been a blockbuster earnings season. Tech investors in particular are back to being thrilled with the AI boom and all the money being spent on it. The tech-heavy Nasdaq and the broader S&P 500 ended last week at new record highs, despite ongoing uncertainty about the war and the high price of oil. Investors will see how much the energy crisis has driven up prices on Tuesday when the U.S. government releases inflation data for April. Meanwhile, Wall Street will also be monitoring President Trump's high-stakes visit to China for developments on the Middle East war, the trade war, and the tech war. Maria Aspin, NPR News.
President Trump says Iran's response to the latest U.S.
How is President Trump's visit to China impacting international relations?
plan to end the Middle East war is totally unacceptable. Iran sent its answer to mediators in Pakistan, which is acting as an intermediary. Iran said the U.S. proposal essentially amounts to a surrender. Meanwhile, the U.S. ambassador to the United Nations, Mike Walsh, said on ABC's This Week, the U.S. had to take military action against Iran to stop its nuclear program.
It's not just the United States' position. We have had resolution after resolution for nearly 20 years with the entire world agreeing that Iran cannot have a nuclear weapon, that it has to subject itself to inspections.
In response to Trump's plan, Iran says it must have control of the Strait of Hormuz and there must also be an end to economic sanctions. Treasury Secretary Scott Bessett will visit Japan and South Korea this week before going on to China with President Trump. NPR's Anthony Kuhn has more from Seoul.
Secretary Besant announced his trip in a post on X. Besant is expected to continue pushing Japan and South Korea to prop up their currencies in order to cut their trade surpluses with the U.S. and maintain the dollar's dominance as the global reserve currency. In Seoul, Besant will also meet with Chinese Vice Premier He Lifeng to finalize arrangements for President Trump's summit with China's leader Xi Jinping. In Busan, South Korea, last year, Trump and Xi reached a one-year truce in their trade war, with the U.S. reducing tariffs in exchange for China purchasing more American products such as soybeans and airplanes and pausing export controls on rare earths. The two sides are expected to try to extend or renegotiate that truce.
Anthony Kuhn, NPR News, Seoul.
Six people were found dead inside of a freight rail car in Laredo, Texas on Sunday. The railroad worker found the bodies' temperatures in the area were in the mid-90 degree range. This is NPR News from Washington. In Canada, supporters of a provincial boycott of American liquor say it appears to be working. As Dan Karpinchuk reports, an industry group in the United States says liquor exports to Canada are down 63 percent this year.
American liquor was pulled from store shelves in most provinces in retaliation against tariffs imposed by Washington. the distilled spirits council of the u s has trade frictions have led to the first decline in liquor sales in decades and cost the industry nearly one thousand jobs several provinces stopped sales and imports of u s liquor while others sold off the remaining inventory and donated the proceeds to charity others have encouraged their consumers to buy canadian where possible Trade czar Jameson Greer recently referred to the boycott as a trade irritant between Canada and the U.S., and he said he wants U.S. alcohol immediately and permanently returned to all markets. But Ontario Premier Doug Ford says that won't happen without a broader trade agreement in place.
For NPR News, I'm Dan Karpinchuk in Toronto.
American Jewish leader Abraham Foxman, who served as the national director of the Anti-Defamation League from 1987 until 2015, has died.
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