NPR News: 09-04-2025 10AM EDT
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What is the Senate Banking Committee hearing about the new Federal Reserve nominee?
Live from NPR News in Washington, I'm Corva Coleman, the Senate Banking Committee opens a confirmation hearing this hour for President Trump's nominee to be a Federal Reserve Board Governor. Steven Myron is a White House economic advisor. If confirmed, he'd succeed another Fed Governor who stepped down last month. President Trump is also trying to fire another Fed Governor, Lisa Cook, the first black woman to serve in this role. Stocks opened higher this morning as the Labor Department reported an uptick in new unemployment applications. NPR Scott Horsley reports the Dow Jones industrial average rose more than sixty points in early trading.
New applications for unemployment benefits rose last week as two hundred thirty-seven thousand people applied for aid. That's eight thousand more than the previous week. People who are newly out of a job could have more trouble finding work. For the first time in more than four years, people looking for work now outnumber job openings.
How are the latest unemployment claims affecting the stock market today?
We'll get a more complete look at the job market tomorrow when the Labor Department reports on hiring and unemployment for the month of August. New figures from the Commerce Department show the nation's trade deficit widened in July as U.S. businesses raced to import products before higher tariffs took effect in August. Imports jumped by twenty billion dollars in July, while exports inched up less than one billion. Scott Horsley, Empire News, Washington.
Virginia Democratic Senator Mark Warner says his routine visit to a military spy agency was canceled this week. Warner's the top Democrat on the Senate Intelligence Committee Oversight Work is part of the Senate's responsibility. Warner says his classified visit was rejected after far right activist and Trump supporter Laura Loomer complained. Warner says Loomer has no authority to determine any national policy.
What did the Commerce Department report about July’s trade deficit and tariffs?
She's not elected to anything, but
she is the de facto, it seems to me, Secretary of Defense and perhaps director of national intelligence. She may even be with Elon Musk on. She may now be the new co-president
with
Donald
Trump. He spoke to CNN's the lead with Jake Tapper. Italian fashion designer Giorgio Armani has died, according to his company. He was ninety-one years old. Armani died at home from an undisclosed illness. As Diana Apong reports, he helped modernize late twentieth century style.
Giorgio Armani's designs are synonymous with luxury and fashion, but Armani grew up without much money. He was born in a northern Italian city not too far from Milan.
Why was Senator Mark Warner’s classified visit to a spy agency canceled?
That's where he founded his luxury fashion house in nineteen seventy five. He loved early twentieth century designers and architects and was fascinated with film.
Siguramente you penso
that's Giorgio Armani speaking in a short documentary made by Martin Scorsese from nineteen ninety. By the end of his life, Armani was everywhere. Accessories, perfume, and even at the mall with Armani Exchange. But Giorgio Armani never lost his style and direction. His influence on the world of fashion feels eternal. For NPR News, I'm Diana O Pong. This is NPR.
Secretary of State Marco Rubio is meeting this morning with Ecuador's president in Quito.
What are the key details of Secretary Marco Rubio’s talks on migration and drug trafficking in Mexico and Ecuador?
Their talks are expected to focus largely on efforts to curb migration and drug trafficking. And Pierre's Michelle Kelleman reports Rubio was in Mexico.
Mexico yesterday. The secretary's trip to Mexico and Ecuador came just after the US military struck what it says was a boat carrying drugs from Venezuela. Rubio says the boat was heading eventually to the US.
And instead of interdicting it. On the president's orders, he blew it up. And it'll happen again. Maybe it's happening right now. I don't know.
Is President Trump planning to send National Guard troops to New Orleans and why?
While the Secretary vows to wage war on the cartels, he's also trying to get countries in the region to help. In Mexico, he signed a joint statement to beef up security cooperation while respecting Mexico's sovereignty. Here in Ecuador, he's looking for more help on immigration. Michelle Kelleman, NPR News Quito. President Trump is floating.
on the idea of sending National Guard troops to New Orleans.
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Chapters
6 chapters
1
What is the Senate Banking Committee hearing about the new Federal Reserve nominee?
0:00–0:52
2
How are the latest unemployment claims affecting the stock market today?
0:52–1:41
3
What did the Commerce Department report about July’s trade deficit and tariffs?
1:41–2:24
4
Why was Senator Mark Warner’s classified visit to a spy agency canceled?
2:24–3:06
5
What are the key details of Secretary Marco Rubio’s talks on migration and drug trafficking in Mexico and Ecuador?
3:06–3:38
6
Is President Trump planning to send National Guard troops to New Orleans and why?
3:38–4:39