NPR News: 07-29-2026 4PM EDT
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What were the market moves and Fed decision reported at the start of the broadcast?
Live from NPR News, I'm Lakshmi Singh. The Dow's closed down more than 1,100 points, or more than 2%, with sharp declines in the S&P and Nasdaq as well. After its latest two-day meeting, the Fed decided to keep interest rates where they are. It also left open the possibility of a rate hike in the future if inflation remains elevated. Dr. Anthony Fauci, the person most identified with the federal public health response to the COVID pandemic, invoked the Fifth Amendment today repeatedly when he was on Capitol Hill. NPR's Jonathan Lambert reports a veteran infectious disease expert declined to answer any questions, including from Senate Committee Chair Rand Paul, during a hearing about the origins of a virus linked to tens of millions of deaths worldwide.
Dr. Fauci and Senator Paul have long sparred over the coronavirus pandemic. Days before this hearing, Paul released over a thousand pages of Fauci's private writings, accusing him of covering up the origins of COVID-19. Fauci pointed out that he has responded to similar questions in previous testimony. And Fauci accused the senator of being obsessed with trying to get him behind bars.
Although it pains me to do so because of the respect I have for the legislative branch of government, under the advice of my attorneys, I will invoke my right under the Fifth Amendment of the Constitution to refrain from answering your questions.
Why did Dr. Anthony Fauci invoke the Fifth Amendment during the Senate hearing?
Senator Paul and other lawmakers continued asking questions, and Fauci continued declining to answer. Jonathan Lambert, NPR News.
Moments ago, President Trump took questions from reporters on a wide range of issues, including threats to ramp up attacks against Iran following its attacks on U.S. forces in the region.
We're going to be hitting them very hard. because it's our turn to hit them.
What did President Trump say about potential retaliation against Iran?
They know it's coming. They're asking us not to do it. But, you know, they tried shooting it last night. So we had five rockets shot going 8,500 miles an hour. And all five rockets were knocked down to the ground. But they nevertheless took a shot. So it's our turn. And we'll see if we get there with an agreement at some point. But we're going to hit them very hard.
Attorneys general from dozens of states are calling on the administration to crack down on the booming prediction market industry. Here's NPR's Bobby Allen.
The Trump administration is currently rewriting the federal rules for the prediction market industry.
Why are state attorneys general pushing for regulation of prediction markets?
Companies like Kalshi and Polymarket that have thrived in Trump's second term. And Trump officials want them regulated by the federal government as a type of financial investment product, not gambling. But a newly public letter sent by 44 states sends a clear message to regulators in Washington. State officials view prediction markets as having made an end run around state laws and state taxes, especially when it comes to sports betting, which accounts for most of the billions of dollars wagered on calci and poly market. But other topics are popular, too, like politics and elections. $200 million has already been wagered on the sites ahead of the midterms. Bobby Allen, NPR News.
This is NPR. Just one or two Republican votes stand between Todd Blanch and his hopes for Senate confirmation as the next U.S. Attorney General. Senator John Cornyn of Texas told reporters today time was running out for the Justice Department's currently interim chief to formally modify a settlement President Trump reached to resolve a lawsuit against the Internal Revenue Service. Fans are remembering the life of Oscar-winning musician Glenn Hansard, who has died in a motorcycle crash in Dublin, Ireland, according to a statement from his management company.
What developments were reported about Senate confirmation and the Justice Department settlement?
Hansard, who co-starred in the musical film Once, drew international acclaim after winning an Academy Award in 2008 for the duet Falling Slowly. He was 56 years old. The UK last year recorded the biggest rise in anti-Semitic incidents of any country with a major Jewish population, according to a new report on anti-Semitism in the Jewish diaspora. NPR's Lauren Frayer has more.
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Chapters
6 chapters
1
What were the market moves and Fed decision reported at the start of the broadcast?
0:01–1:27
2
Why did Dr. Anthony Fauci invoke the Fifth Amendment during the Senate hearing?
1:27–1:46
3
What did President Trump say about potential retaliation against Iran?
1:46–2:19
4
Why are state attorneys general pushing for regulation of prediction markets?
2:19–3:33
5
What developments were reported about Senate confirmation and the Justice Department settlement?
3:33–4:06
6
What notable deaths and global anti‑Semitism findings were covered in the later reports?
4:06–4:59