35 Burst results for "scott horsely"
"scott horsley" Discussed on KCRW
"NPR's Scott Horsley reports had millions more are set to lose their benefits in the coming weeks. Congress authorized the supplemental benefits as a lifeline during the pandemic, and millions of people have relied on the aid, which includes an extra $300 a week. Now the economy is bouncing back, though some Republican governors argue the extra benefits are discouraging people from looking for work, making it hard for employers who were eager to staff up. The benefits are set to run through early September, but 25 states have announced plans to end the payments ahead of schedule. Mississippi, Missouri, Iowa and Alaska are leading the way in that effort. More than 300,000. People in those four states will see their extra benefits expire today. Scott Horsley, NPR news Washington and you're listening to NPR news. California Governor Gavin Newsom has signed an executive order that lifts and most of the states coronavirus rules. The order takes effect on Tuesday. But while California is joining other states and cities and reopening the capital of Chile is going back under a lockdown today as authorities try to curb a surge in Covid 19 cases. New infections up sharply in Chile Especially among those under 50 years old. A funeral will be held for the four members of a Muslim family killed in an alleged hate motivated attack in London, Ontario nearly a week ago. Dan Carpenter Chuck reports of Families nine year old son remains hospitalized with serious injuries. 46 year old Salman Afzal, his wife, Medea, daughter Yuna, Salman and grandmother Talat died well out for a walk when a vehicle mounted the curb and struck them. Nine year old son is the sole survivor of the attack. Thousands of people attended a vigil in the aftermath of the attack and gathered outside the mosque in London to show their support for the family. Thousands more took part in a multi faith march Friday in London against racism and Islamophobia. Meanwhile, donations from two fundraising campaigns have been pouring in to support the surviving son. As of Thursday, more than $1,800,000 had been raised. A friend of the family says people have donated from all over the world from different races and religions. For NPR News. I'm Dan Carpenter back in Toronto women's title on the line today at the French Open tennis tournament. Barbara critical over the Czech Republic facing Anastasia Pavlyuchenkova of Russia, the championship match. Scheduled to get started this hour. It's a first Grand Slam singles final for.
Biden Administration Outlines Measures to Address Supply-Chain Issues
"Is setting up a task force to address supply chain bottlenecks now plaguing a number of industries. The goal is to boost U. S manufacturing and reduce shortages of vital products like computer chips. Scott Horsley. NPR NEWS Washington The White
Unemployment Claims Dip to Another Pandemic Low
"Now for five weeks as the U. S. Job market continues to rebound from the pandemic recession, 385,000 people filed state claims for benefits last week as of mid May, more than 15 million Americans were receiving some form of unemployment assistance. Millions of workers were set to lose that help in the coming weeks, says 25 States have now opted to phase out jobless benefits ahead of schedule, in some cases as early as next week. Meanwhile, the payroll processing company ADP says private employers added nearly a million jobs. Last month. The Labor Department issues its own monthly jobs. Snapshot tomorrow. Scott Horsley. NPR NEWS
"scott horsley" Discussed on KCRW
"Scott Horsley reports. The Dow Jones industrials rose about 100 points in early trading. The Commerce Department says the U. S economy grew at an annual pace of 6.4% in the first quarter. That's faster growth and we saw at the end of last year and sets the stage for what's expected to be the strongest annual economic performance in nearly four decades. Aggressive campaign to get Americans vaccinated has led to a better public health outlook that along with hundreds of billions of dollars in federal relief payments as U. S consumers, spending freely, giving a lift to economic growth. The job market is also improving, but not as quickly. Weekly unemployment claims dropped last week, but as of mid April, there were still 16.5 million people receiving some form of jobless aid. Scott Horsley. NPR NEWS Washington President Biden used his first address to Congress last night to call for additional federal spending to assist Americans. He's proposing $1.8 trillion in spending to pay for two years of community college and expanded access to pre schools. The director of the White House Domestic Policy Council, Susan Rice, says the plan also helps parents afford child care if you have a kid between the age of euro and five years old On you are lower middle income Americans. There will be subsidies to enable you to send your job to child care without having to pay more than 7% of your income. She spoke to NPR's morning edition. President Biden is visiting Georgia today to mark his 1st 100 days in office. Georgia voters gave him a surprise victory in November and also elected the two Democratic senators who handed him a narrow Senate majority from member station W. A. B in Atlanta. Emma Hurt has more. Biden will hold a driving rally in metro Atlanta today after paying a visit to former President Jimmy Carter. Carter is 96, the oldest living president in U. S history and lives in his hometown of planes in southwest Georgia. Biden was the first U. S senator to endorse Carter's White House bid in the 19 seventies, and Carter endorsed Biden in 2020, calling him a loyal and dedicated friend of the Democratic National Convention. Georges to new senators, John all soft and Raphael Warnock are also expected to be a focus of the visit Their January runoff winds handed Democrats the razor thin majority that's allowed Biden to pass legislation like his coronavirus relief package for NPR News. I'm Emma hurt in Atlanta, the U. S State Department is warning Americans not to travel to India and is telling Americans who were there to try to leave the country. The U. S. Is making the warning as India continues to set records for Corona virus infections and covert 19 deaths. On Wall Street, The Dow Jones industrial average is now up 89 points at 33,909. The NASDAQ is up nearly 53 points. This is NPR from the David Bonin Foundation newsroom a KCRW I'm Cherry Glaser in L. A police officer is recovering after being shot multiple times in a gun battle with a man suspected of burglary and an apartment complex in Sherman Oaks. The suspect was also wounded. L. A Police chief Michael Moore says the shootout took place yesterday afternoon when the off duty officer in the one entered the underground garage of their apartment complex and saw man inside the officer's car. And then he notices that this individual is wearing what appears to be the officer's bulletproof ballistic attire. His bulletproof vest that meant the man had found the officer so called duty Gap duty bag, which also contained his gun. Moore says. The officer produced a backup weapon and a gunfight broke out and that officer then goes back to his vehicle inside the suffering of garage, rejoins with the other individual that he was there with. And places those guns next to the vehicle and collapses as he has suffered.
Consumer Prices Rise More Than Expected, Pushed by Jump in Gasoline
"Reported a sharp increase in consumer prices. Last month. NPR's Scott Horsley reports, the Dow Jones industrial average fell about 120 points in early trading. Consumer prices jumped by 6/10 of a percent last month. That's the sharpest increase in 2012. Higher gasoline prices accounted for nearly half the monthly increase. The prices for food, recreation and furniture were also higher. Over the past year, Prices have risen by 2.6%. That's well above the Federal Reserve long range target for inflation of 2%. But the central bank says the sharper increase coming out of the pandemic is likely to be temporary and not a big cause for concern. Inflationary figures are also somewhat magnified by the sharp drop in prices a year ago when the coronavirus first took hold in the U. S. Scott Horsley NPR NEWS Washington
New State Unemployment Claims Rose Again Last Week
"Modest jump in state unemployment claims last week more from NPR's Scott Horsley. New State Claims for unemployment benefits rose for the second week in a row last week as 744,000 people sought help. Some of that increase was in states like Michigan, which has seen a sharp jump in new Corona virus infections. Jobless claims under a federal program for gig workers, and the self employed were down last week. As of March,
Jobless claims fall to their lowest level since pandemic
"Last week fell to their lowest level since the pandemic took hold in the U S more than a year ago. Now, applications for jobless benefits are still high by historical standards. But in his news conference this afternoon, President Biden pointed to the drop in claims as a sign of progress. They're still too many Americans out of work. So many families hurting. They still have a lot of work to do. I can say to you, the American people. Help is here. Hope is on the way. NPR chief Economics correspondent Scott Horsley joins us
"scott horsley" Discussed on Bloomberg Radio New York
"Thank you. We'll go to Scott Horsley for the last question. Thanks. General Cao my questions about those supply chain Bio Max, especially on the good side. Are they getting better? Or are they getting worse? We saw they were sort of a drag on the industrial production numbers meat that came out yesterday on what do you expect him to do the prices in just in the short run? You know, say, I think it's been possible to say frankly with any confidence, but I would expect it's very possible. Let's put it that way that you will see bottlenecks emerge and then clear. Overtime, and you probably see that over a period of time because, you know, really the The strong data are ahead of us. You know, you're right now that the checks are going out just just now and that'll that'll add to spending. Covert cases, air coming down. Vaccination is moving now quickly. You know, the really strong economic data is coming. It should be coming. Assuming we stay on this track, and that's when you'll really know where the bottlenecks are. But you can see though, that they're not these air, not permanent. It's not like the supply side will be unable to adapt to these things it will the market will clear. It just may take some time and some of the answer to that maybe price. In many cases, it won't be price. You'll see that people were reluctant to raise prices. You know, it's a little bit the story about You know the wage The wage. Philips Curve does show that as unemployment goes down, wages move up, But companies choose not to try T pass that price increase along to their Customers. So you'll see a lot of that here too. I think anyway, we'll see. But that Z my basic basic sense. Thank you very much. All right, 60 minutes in and Fed chief Jay Powell, wrapping up his press conference and statement after the second Fed meeting FOMC meeting of 2021, the big headline Fed officials continuing to project near zero interest rates, at least through 2023. Despite upgrading their U. S economic outlook and the mounting inflation worries in financial markets. The decision Coming out of all today for investors, with Treasury yield, surging ahead of the announcement kind of masking a growing number of officials who saw lift off before them, though chair Jay Powell, stressing this was a minority view. Here's a quote. The strong bulk of the committee is not showing a rate increase during this forecast, period, he told Are virtual press conference just moments ago, adding that the time to talk about reducing the Central bank's asset purchases was quote. Not yet. Having said that we have seen yields back off all along The yield curve 10 Year note right now. Field of 1.63 2 year note his building 20.13, so I've definitely seen Ah pull back along the yield curve. As for the equity markets, we definitely have seen a bump up. To their best levels of the session. We are now in the green when it comes to the S and P Dow and the NASDAQ. We're gonna have more analysis of that fed decision right now, though, Let's get a check a bit more of what are some of your top business stories will get more on that trading day. Here is Charlie. Thank you very much. Bottom line Stocks of records Dow.
Unemployment claims remains stuck at high level
"Of unemployment in the U. S. Triggered nearly a year ago, a stretching into another week of 2021. NPR's Scott Horsley has details. Labor Department says about 1.2 million people filed new claims for unemployment last week that includes 730,000 claims for state benefits and another 451,000 claims under the federal program for Gig workers and the self employed. Names were down sharply from the previous week, suggesting a drop in layoffs. All the bad weather and other factors may have distorted the count. As of early February, some 19 million Americans were receiving some form of jobless aid. Many of those benefits are set to expire next month. Congress is weighing a $1.9 trillion economic package that would, among other things, extend emergency jobless aid through August. Scott Horsley. NPR NEWS Washington
Unemployment Claims Fell Sharply Last Week
"Last week. NPR's Scott Horsley reports. Jobless claims are still very high by historical standards, The Labor Department says about 1.2 million people filed new claims for unemployment last week that includes 730,000 claims for state benefits and another 451,000 claims under the federal program for Gig workers and the self employed. Claims were down sharply from the previous week, suggesting a drop in layoffs. All the bad weather and other factors may have distorted the count. As of early February, some 19 million Americans were receiving some form of jobless aid. Many of those benefits are set to expire next month. Congress is weighing a $1.9 trillion economic package that would, among other things, extend emergency jobless aid through August. Scott Horsley. NPR NEWS Washington on Wall Street stocks or lower the
Biden won't pull Tanden nomination, says she'll get the votes
"Bind today told reporters he is sticking with his nominee for White House budget director despite objections from Democratic Senator Joe Manchin. NPR's Scott Horsley reports matching says he'll vote against nominee Neera Tanden because of her past partisan remarks. Neera Tanden is a longtime Democratic policy advisor who served in both the Clinton and Obama administration's. But it's her sharp elbowed Twitter feed. That's put her nomination in jeopardy, with critics on both the right and the left. Hand and apologize for tweets, comparing Senator Ted Cruz to a vampire and Lycan in GOP leader Mitch McConnell to a Harry Potter villain. But mansion warns her overtly partisan statements could have a toxic impact on congressional relations with the budget office. Given Democrats razor thin margin in the Senate Mansions defection could Sink Tendons nomination unless a Republican senator across the aisle and supports her.
Some Black-Owned Businesses Are Turning To New Banks For Paycheck Protection Loans
"To help keep workers on payrolls. Businesses owned by black and Latino people were often at the back of the line. Those firms often had to wait longer for money, even though many were desperate for financial help. With a new round of business loans in the pipeline. Authorities are now trying to address that disparity as NPR's Scott Horsley reports like a lot of business sellers. Jennifer Kelly's income took a hit last year when the pandemic struck. She's a clinical psychologist near Atlanta, and some of her clients didn't make the adjustment to online or telephone counseling. Kelly, who has two employees applied to her regular bank for a loan under the federal government's Paycheck protection program. But she says the process was frustrating. It's kind of like trying to get the vaccine. They put my name on the list. And there they finally said, Oh, we all have anymore, And we're sorry that first round of P P p loans was exhausted In less than two weeks. Lots of businesses complained that banks were prioritizing their biggest customers. Bones were especially hard to come by in neighborhoods with a lot of black and brown residents When I needed them. They were not available to man, including. I'm not the big business, but I'm a small business and committed like with the fabric of America. When Congress okayed a second round of P P p loans last year, Kelly applied again. This time through a bank 250 miles away in Savannah, Georgia that specializes in working with black own firms. They were very patient through that entire process, and I didn't get approved for the loan, and I do hope that, especially in the small black banks will survive because We need to have those institutions that second bank Kelly worked with. Carver State Bank was founded 94 years ago with the goal of building financial freedom for its African American customers. 80% of its loans go to black owned businesses. Robert James, who sits on the bank's board, says he received P P p applications from around the country most looking for less than $50,000. Most of our applications are very small businesses individually owned gas station in the neighborhood or restaurants are people deserve a lot of credit for the hard work that they're putting in just to make sure that we get help to the customers that need it. The most According to the Federal Reserve Bank of New York. Even before the pandemic, black owned businesses were more than twice as likely beyond shaky financial footing as white owned firms. CEO Janine Jake Oak of the Community Development Bankers Association, says that means the extra time it took for loans to reach those businesses could be costly. They had a lot less cushion to start with, which made them much more vulnerable when the economy went south. Authorities have tried to address the disparity in P P p lending in a number of ways. First they've made more money available. They also gave banks that specialize in minority and low income communities, a head start when the latest round of paycheck protection loans was launched last month. Finally, while the loans were designed to be forgiven, some black borrowers are suspicious, a legacy of the long history of discriminatory lending. So education is also important. Carver States, James says he tried to reassure African American borrowers they can use P p p loans to keep their businesses and communities afloat. I've heard a lot of stories of customers who were eligible for these funds, but didn't trust that there wouldn't be some sort of a catch. Craig Gordon runs a company that provides in home nursing care in Georgia about 30% of his business is on hold right now because many of his customers are wary of letting anyone even a skilled nurse into their home during the pandemic. With Carver States help Gordon's just been approved for a second p p. P loan. This will buy us probably three of four months, and I'm hoping that all of those vulnerable folks that we served by again will be well vaccinated. In the meantime, cordon says the forgivable loan will help him keep dozens of people on the payroll. Scott Horsley. NPR NEWS Washington
"scott horsley" Discussed on WNYC 93.9 FM
"To fix the economy. NPR's Scott Horsley joins us now and Scott, these numbers sound. Very crim. How bad was this report today? Body. It was pretty bad. We saw another 19,000 jobs lost in bars and restaurants. That's on top of the 400,000 jobs lost in those industries in December. In person services have really been hammered by this winter wave of Corona virus infections. And even industries that had been pretty resilient up till now, like construction and manufacturing also solved some job declines in January. Even the tepid job gains we saw on the whole last month may have been artificially inflated by some seasonal adjustments. So the real picture maybe even weaker than these numbers would indicate. Congressional forecasters said earlier this week, it could be 2024 before we see a full jobs recovery at the snail's pace of job growth we saw last month it would take a lot longer than that. We heard earlier, President Biden acknowledging that road ahead. How else is the White House responding? The president and his aides say This just underscores the urgency of passing the big aid package that Biden's been pushing. There is some skepticism from congressional Republicans and even some Democrats who think that another $1.9 trillion is overkill, especially on top of that $900 billion that was approved in December. And the three trillion or so that was approved last spring. But the president said again today he is determined to go big. A lot of folks are losing hope. I believe the American people looking right now to their government for help to do our job to not let them down. So I'm going to act. I'm gonna act fast by and he said he would prefer to act in a bipartisan manner, but he's prepared to push the package through Congress on a party line vote if necessary. And both the House and Senate have been laying the groundwork for that this week with budget resolutions that would allow Senate Democrats to sidestep the GOP filibuster and passed by this bill with a bare 51 vote majority in the Senate. Are there any areas of compromise? Well, yes, the president has said he's open to some modifications. One example is direct payments. Biden wants to send $1400 payments to most Americans. That's on top of the $600 payments that were approved by Congress in late December for a total of 2000, which is something Democrats campaigned on. There is a group of moderate Republicans in the Senate who would like to scale that back. They proposed $1000 payments to a smaller group of people. Biden has said he won't budge on the $1400 figure. But he is willing to adjust who qualifies for the money so it would be more targeted to low and middle income families, and not so many people earning six figures and up Speaking of which, what about the minimum wage of $15 minimum had been a big part of Biden's platform. There seems to be some resistance among some members of Congress. That's right. We have seen some opposition in the Senate in particular to raising them in our more age, especially at a time when so many businesses are hanging by a thread during the pandemic. Biden and his team say they are still backing the $15 minimum. Although this is you know something they've been pushing for years. The White House's is marketing as pandemic related. They are highlighting the low wage grocery workers or home health aides who have kept punching the clock during the last 10 months or so at some personal risk, And they say those workers deserve more pay. It's still an open question, though, of this is what whether this is something the Senate could do on a 50 vote margin, increasing the looks as though Congress may take up the minimum wage as a separate standalone measure. That's NPR's Scott Horsley. Thanks for your reporting, you're welcome. The Oscar.
"scott horsley" Discussed on KQED Radio
"I was governors has all schools in the state must open for in person classes. I'm Steve Inskeep, and I'm nowhere. King. Educators say they'll do it, but they can't guarantee they'll be able to keep kids safe Voting technology companies, Smartmatic is suing Fox News, some of its biggest stars and two of Donald Trump's legal advisers. Alleging lies they told after the election hurt the company and President Biden offers US diplomatic support to end the war in Yemen. It's Friday, February 5th Darren Criss is 34. The news is next. Line from NPR News on Korver Coleman Stocks opened higher this morning as the Labor Department reported a modest increase in jobs. Last month. NPR's Scott Horsley reports, The Dow Jones industrial average rose about 90 points in early trading. U. S employers added 49,000 jobs last month. That's an improvement from December when employers cut 227,000 jobs, but it still leaves almost 10 million fewer workers on business payrolls than before the pandemic. Bars and restaurants continued to shed workers last month. The fast spreading Corona virus has been a significant drag on in person services. Other parts. The economy have shown surprising resilience. Although factories and construction crews also saw modest job losses. Last month, the unemployment rate fell from 6.7% to 6.3%. The share of people in the workforce also declined. Scott Horsley NPR NEWS Washington The Senate has narrowly approved a budget blueprint that lets Democrats advance President Biden's nearly $2 trillion coronavirus relief package. Wouldn't need Republicans support Vice President Harris cast the tie breaking vote early this morning. NPR's Windsor, Johnston says both sides are divided on Biden's proposal. The two sides remain far apart on several provisions, mainly the cost of the measure. Republicans have countered Biden's massive spending package with a much smaller bill that does not include additional aid for state and local governments, a major democratic demand. The amount of direct payments is another sticking point. NPR's Windsor Johnston reporting. The House passed a similar measure on Wednesday, but must vote on the Senate's version. That vote could come as early as today. Pharmaceutical maker Johnson and Johnson is asking the FDA for emergency authorization for its covert 19 vaccine data show The vaccines, efficacy is about 66%. Patients on Lee need one injection not to, as the Fizer and modern of vaccines require. The Kremlin says it cannot accept President Biden's demand to free jailed opposition leader Alexei Navalny. NPR's Lucy in Kim. Reports from Moscow. Alexei Navalny was sentenced to more than 2.5 years on an old conviction this week and is in court again for allegedly libeling a World War two veterans in a tweet. Giovanni and his allies have faced a barrage of legal cases since he returned from Germany, where he'd been recovering from a poisoning he blames on President Vladimir Putin. Putin spokesman told reporters in Moscow that Biden's demand for Navalny's release is aggressive and not constructive. Russian authorities have arrested more than 10,000 people since nationwide protests broke out in support of Navalny. Amnesty International says Putin's government is waging a war on Russians human rights. Lucian Kim NPR NEWS Moscow On Wall Street, The Dow Jones industrials are up 83 points at 31,138. You're listening to NPR news Live from KQED News. I'm Brian what Several state lawmakers are proposing legislation aimed at reforming the state's beleaguered employment development department. Move comes a Z, D. D has struggled to respond to a wave of unemployment claims during the recession. Recent audits show hundreds of millions of dollars have been paid out to fraudulent claims. KQED politics reporter Katie or explains. Group of lawmakers says a D D has ignored long standing problems that have been exacerbated during the pandemic. San Francisco Assemblyman David Chu says the department needs both immediate and long term changes. It's my hope that this year as we're dealing with the immediate short term crisis, we're also starting to talk about what's it going to take medium term longer term to make sure That were never back in the situation again. Among the bills being introduced includes one establishing a claimant advocate within the E. D. D another would require the agency to cross check their records in order to avoid paying claims to inmates. There's also a measure that would allow people to receive benefits through direct deposit. In Sacramento. I'm Katie or KQED News in sports. The Warriors beat the Mavericks 1 47 toe 1 16 in Dallas. The two teams face off again tomorrow. Speaking of face offs, the Sharks are back on the ice tonight after a week of Covad related postponements. San Jose takes on the Ducks in Anaheim tonight and tomorrow. College hoops. The Stanford men beat Cal last night 70.
"scott horsley" Discussed on WNYC 93.9 FM
"19 coordinator Andy Slavitt says it's not key to the by administration goal vaccinating 300 million Americans against the virus that causes covert 19 by late in the summer. Congressional forecasters say they expect the U. S economy to rebound to pre pandemic levels later this year. There's NPR's Scott Horsley explains. Employment may not fully recover until 2024. The new forecast from the Congressional Budget Office is rosier than the one issued last summer, although analysts say they're still considerable uncertainty surrounding the economic outlook and the course of the pandemic itself. Congressional analysts say the $900 billion relief package passed in December should provide an economic boost this year. The forecast is not assuming any additional federal aid, although both the Biden administration and Senate Republicans have proposed more help. CBO forecast predicts the unemployment rate will average 5.7% this year. Down from the current 6.7%. Forecasters expect some people who dropped out of the labor force will return as the job market improves. Scott Horsley. NPR NEWS Washington Lumbering Winter Storm has dumped snow from Virginia to New England continues its slow motion crawl up coast After dropping several inches of snow in the mid Atlantic. The storm appears to be taking aim in New York City in northern New Jersey Summaries of New York are bracing for us much as 22 inches of snow. Stocks gained ground on Wall Street today, the Dow was up 229 points. You're listening to NPR. This is W. N. Y C. New York on Shawn Carlson. We will have more on that storm in just a moment. NEW YORK City health officials are urging Corona virus vaccine providers to double down on collecting racial and ethnic data for people who get vaccinated. About 40% of people who got inoculated last month did.
Wall Street stocks open higher Thursday
"Steep losses on Wall Street yesterday, stocks opened higher this morning, even as the Commerce Department reported that 2020 ended with a slowdown in economic growth. As NPR's Scott Horsley reports, the Dow was up more than 300 points in early trading. The U. S economy grew just under 1% during October, November and December of last year. That's a marked down shift from the previous three months when the economy grew nearly 7.5% as businesses reopened following pandemic lockdowns in the spring, a surgeon new Corona virus infections continues to weigh on in person services like restaurants. All told, the economy ended 2020 about 2.5% smaller than when the year began.
Stocks Down After Federal Reserve Maintains Rates
"S stocks and the day sharply lower the Dow down 634 points more than 2%, ending a 30,300 to the NASDAQ ended the day down more than 2.5%. SMP lost more than 2.5% as well. All this following disappointing earnings today. Officials from the Federal Reserve wrapped up their two day policy meeting. NPR's Scott Horsley reports, the central bank renewed its promise to keep using all of its tools to support the U. S economy. In a statement, the Fed notes the pace of economic recovery has slowed in recent months, with weakness concentrated in industries such as restaurants, bars and in person entertainment, which are most susceptible to pandemic disruptions. New vaccines offer hope for a rapid rebound this year. But there are still a lot of questions about the vaccine rollout and the potential impact of new variants of the virus. The feds is it will continue to monitor these and other factors and will adjust his policies as needed. For now the central bank's leaving interest rates near zero and says it expects to keep them there until theres return to full employment.
Yellen’s nomination to be U.S. Treasury secretary advances on unanimous committee vote
"Today to confirm Janet Yellen is Treasury secretary. NPR's Scott Horsley has more yelling, has already led the Federal Reserve and served as a top White House economist in the Clinton administration. While Republicans on the Finance Committee expressed some differences with her policy positions, no one questioned her qualifications. If confirmed by the full Senate, Janet Yellen will be the 78th Treasury secretary and the first woman to lead the department. She's already matched the first Secretary Alexander Hamilton in scoring her own hip hop musical tribute. It only took a couple centuries. The first female secretary yet the change. Yeah. Great Public radio program Marketplace Commission that number from the artist Desa Secretary Element Service the administration's point person in addressing the economic fall out from the Corona virus pandemic. Scott Horsley. NPR NEWS Washington A full Senate vote is expected Monday on Wall Street. Today the Dow was
Unemployment Claims Rise Sharply, Showing New Economic Pain
"President Biden promises and aggressive federal effort to get control of the Corona virus. We will get through this. We will defeat this pandemic. Into a nation waiting for action. Let me be the clearest on this point. Help is on the way we will need it. Another 1.3 million people filed new unemployment claims last week. MPR's chief economics correspondent Scott Horsley is following this story. Good morning, Scott. Good morning. Well, so we have a new administration. But the same eternal mystery businesses air closing. Millions of people can't get work. And yet the markets are soaring. Why is that? Well, it's always a risky to try to make sense the stock market, But part of what's happening, I think is that investors see an eventual into this pandemic there, also betting that Congress will provide at least some of the economic aid that Biden is pushing for. It's also the case so well that the pain of this pandemic recession has been really unevenly spread. You know, some industries have already enjoyed a strong recovery like construction manufacturing. Tech companies that help people stay connected. They're doing just fine. And the roughly one out of four employees who can work from home have not had to worry about losing their jobs. The workers who have really suffered are those in jobs that depend on face to face contact with customers. Restaurant servers, bartenders, people who work in live entertainment. Those industries lost almost half a million jobs in December, and so long as thousands of people are dying from covert every day. The jobs are not likely to come
U.S. trade deficit in goods widened in November
"Trade deficit widened last month as U. S. Consumers snapped up tens of billions of dollars worth of imported goods. NPR's Scott Horsley reports the trade gap in November was larger than forecasters had expected. Imports and exports both rose in November, but the jump in imports was significantly larger. And the trade deficit widened to nearly $85 billion. Surging demand for consumer products accounted for much of the jump in imports. The U. S is now buying more stuff from overseas and it did a year ago while exports from the US to other countries have yet to recover to pre pandemic levels. Exports of food saw some of the strongest gains last month, up more than 4% from October. Food exports of sword almost 20% over the last year, even his exports in most other categories has slumped. Scott Horsley. NPR NEWS Washington President
Jobless claims hit a nearly 4-month high as coronavirus-induced layoffs grow
"Deepening. Now. This morning, we learned that first time unemployment claims went up again last week to 885,000 more on that for NPR's Scott Horsley. New applications for unemployment benefits continue to climb as a surgeon coronavirus cases imposes new limits on economic activity and prompts a higher level of layoffs. 885,000 people apply for state jobless benefits last week, while another 455,000 sought help under a special federal program for gig workers and the self employed. As of late November, some 14 million people were relying on emergency unemployment benefits that are set to run out the day after Christmas. Congress is close to a deal to extend those benefits is part of a last minute covert relief package, but that additional help is expected to be short lives. Scott
Industrial production increases 0.4% in November as manufacturing is boosted by rebound at auto plants
"Stocks opened higher on Wall Street this morning after the Federal Reserve reported an increase in industrial production. Last month. NPR's Scott Horsley reports, The Dow Jones industrial average rose about 170 points in early trading. Industrial production has now regained about two thirds of the ground it lost during the pandemic. Manufacturing output jumped 8/10 of a percent last month, largely driven by cars and car parts. Over warmer than usual weather in November meant less business for utilities. Industrial production in China also rose in November, but Asian stocks were mostly down overnight. The Federal Reserve begins a two day policy meeting that will end with the release the central bank's latest economic projections. Forecasters have to weigh the economic cost of rising Corona virus infections in the short run against the promise of a successful vaccine roll out in the months to come. Scott
Industrial production increases in November as manufacturing is boosted by rebound at auto plants
"As the Federal Reserve reported an increase in industrial production last month. NPR's Scott Horsley reports. The Dow Jones industrial average rose about 90 points in early trading. Industrial production has now regained about two thirds of the ground it lost during the pandemic. Manufacturing output jumped 8/10 of a percent last month, largely driven by cars and car parts. However, warmer than usual weather in November meant less business for utilities. Industrial production in China also rose in November, but Asian stocks were mostly down overnight. The Federal Reserve begins a two day policy meeting that will end with the release the central bank's latest economic projections. Forecasters have to weigh the economic cost of rising Corona virus infections in the short run against the promise of a successful vaccine roll out in the months to come. Scott Horsley. NPR NEWS
Biden unveils economic team, nominating Yellen for treasury secretary
"Secretary There's NPR's Scott Horsley reports, a woman will shatter another barrier in her new role on Biden's team. Cecilia Rouse is has been tapped to lead the Council of Economic Advisers where she would be the she had previously served on that council and she would be the first African American to head the council. NPR's Scott Horsley reporting Amazon warehouse workers in Alabama have notified federal labor authorities of
"scott horsley" Discussed on KCRW
"People, some of them senior citizens in a large ballroom in Fort Meyers. The chairs were set up with social distance, but many in the room weren't wearing masks, Trump told the crowd. He's protecting seniors, but you have to live your lives. I'm working as hard as I can see. You can kiss and hug your Children and grandchildren very soon. That's something I missed. Also, I will be honest with you. Polls indicate Trump's support with seniors isn't a strong as it was four years ago, and his handling of the pandemic is a big part of that. Tamara Keith NPR news traveling with the president. The Biden campaign, meanwhile, says the Democratic presidential nominees tested negative again for Corona virus. He's campaigning this hour in Michigan Whole show former vice President Joe Biden with a growing lead over President Trump's so far with the administration's handling of the Corona virus. Foremost on the minds of many voters next Wednesday, just a week and a half before the election. Former President Barack Obama will make US first in person campaign appearance for the Biden Harris ticket in Philadelphia. Another concern in the middle of a pandemic. The federal deficit NPR Scott Horsefly reports it hit a record $3.1 trillion in the fiscal year that just ended A deficit for fiscal year. 2020 was more than twice as big as the previous high set during the great recession a decade ago. It's about three times what the government had been expecting before the pandemic struck. With businesses shuttered and millions of people out of work. Government tax revenue shrank at the same time federal spending balloon as Congress authorized trillions of dollars in relief payments to keep families and businesses afloat. Trump administration was already facing a $1 trillion deficits even before the pandemic hit. Despite the government's massive borrowing interest rates have remained exceptionally low. Scott Horsley. NPR NEWS Washington This is NPR news. In friends. Police have shot dead the suspect in a shockingly brutal attack Today in a small French town about 50 miles northeast of Paris. NPR's Eleanor Beardsley reports. The incident appears to be related to the ongoing trial for the terrorist attack on satirical magazine, Charlie Hebdo. Ah, warning this report may not be suitable for young listeners. Police are treating this as a terrorist attack. A man was slain in public on the street in broad daylight. Decapitated by another man with a knife. French media are reporting that the victim was a history teacher from a local high school who had shown his students pictures of caricatures of the Prophet Mohammed. Such caricatures are central to the ongoing trial of 14 people accused of helping the terrorists who attacked the magazine in 2015, killing 12 people. Charlie Hebdo recently republished the caricatures to mark the beginning of the trial. Three weeks ago, a Pakistani migrant attacked a woman with a knife near the former offices of the magazine to avenge what he said was the blasphemy of the cartoons. Eleanor Beardsley. NPR NEWS PARIS The number of American troops will be leaving in Afghanistan in the coming months is still in dispute. National security adviser Robert O'Brien says President Trump and Secretary of Defense Mark Esper have already signed off on drawing down forces to 2500 by early next year. But this week General Mark Milley Told NPR. True production still depend on conditions on the ground. So far, the Taliban have been violating the terms of their peace agreement with United States Taliban attacks in Afghanistan. Have risen. I'm Laxmi, saying NPR news. Support for NPR comes from NPR stations. Other contributors include focus features and MSNBC films. Presenting the way I see it and inside. Look at President Obama and Reagan through the eyes of White House photographer Pete Souza.
"scott horsley" Discussed on KCRW
"The National Economic Council and Special assistant to President Trump and NPR's Scott Horsley is still with us. Scott What stood out to you from what we just heard from from California? Well, Mr Pneumonia is right that we did see a rebound in the economy. Mork quickly than a lot of forecasters were expected expecting. We saw job gains in May that a lot of folks didn't think we would see until June because, frankly, the economy did reopen. More quickly than a lot of people expected. We may, however, be seeing the the ill side effects of that with the surge in Corona virus cases, and as we've said many times, we are not going to get a sustainable economic recovery in this country. Until we get a until we're able to get a handle on this virus. And while some of the economic indicators have been better than some forecasters thought, I think that health metrics has certainly been far worse than most of us fears. And so as we move into late summer and early fall, what economic numbers are you going to be watching to see if there are signs of the US pulling its way out of this historic economic tailspin? We are certainly going to be watching those July spending numbers that Mr Lorna mentioned. I think those air out later this week will also of course, continue to watch. As we always do. Job gains. The job gains in July were much lower than they had been in June. And we'll we'll we'll see where that Tran goes. And then we'll also be watching for, you know measures of economic hardship. We do have more than 30 million people collecting unemployment benefits right now In this country, those benefits have shrunk a lot in the last couple weeks, they might get a little boost of the president's action. Over the weekend, but we'll be watching for signs of distress. Whether it's evictions or late rent payments, Missed car payments, Miss credit card payments, that sort of thing. What is NPR chief economics correspondent Scott Horsley. Thanks as always, good to be with your.
"scott horsley" Discussed on WNYC 93.9 FM
"Scott Horsley reports regulators have a simple message for customers who might be tempted to pull money out of the bank during this anxious time as a kind of security blanket your money is safe as they say when it's in the back there have been anecdotal reports of people making large cash withdrawals Janak Williams who chairs the FDIC says even if a bank branch closes or shortens its hours customers will be able to put their hands on cash ATMs are functioning as as usual payment systems are functioning functioning as always I know anecdotally that we heard from several banks that they're actually using extra caution in cleaning the ATMs and sanitizing them some banks are getting extra deliveries of cash from armored trucks the people who drive those trucks are considered essential workers Scott Horsley NPR news Washington this is NPR and this is W. NYC in New York good morning I'm Richard hake governor Cuomo says New York is still working to get the medical equipment it needs to handle the surge of covert nineteen patients the governor said finding more ventilators is the state's single greatest challenge right now no one has a stockpile of these the federal government has to acquire them the same way we have to acquire Cuomo says the state's still needs about fifteen thousand ventilators to meet the projected number of patients New York City is closing some streets to traffic starting tomorrow the more is the move is an effort to give more people more space to give social distance in order to slow the spread of covert nineteen in Manhattan Park Avenue between twenty eight and thirty fourth streets will not allow vehicles between ten in the morning and seven at night there will also be closures on Bushwick Avenue in Brooklyn thirty fourth Avenue in queens and the grand concourse in the Bronx the NYPD will be on site to ensure safety and social distancing officials are considering additional closures in the future governor Cuomo says New York is still working to get rather no well he's also saying that we're looking to get them the for them we're gonna move on to the next door because my computer froze up theme restaurant chef Floyd card does has died of complications from covert nineteen is companies that car does died earlier this week at morning side Medical Center in Montclair New Jersey he was admitted a week ago with a fever Carlos was the winner of the third season of top chef and had a hand in numerous Indian restaurant in his hometown of Mumbai and here in New York City he told WNYC back in two thousand sixteen that he always aim to mimic his family's cooking for the longest time I still get people asking me when you get the best Indian folk and they ask every Indian person there no way to get the best Indian food and ninety nine point nine percent of the bill would stay at home Carlos was fifty nine years old and new York city's top athletes are dealing with the emotional toll of the postponement of the Olympic Games Natasha Hastings is a two time Olympic gold medalist in track and field from Brooklyn she gave birth to her first child last year and has been training to get back in shape for the summer she says while the delay is necessary to save lives she's still needed to process her feelings the night of the postponement I hear that some of my girlfriends and was like Hey I need you guys can we do a happy hour we had a a facetime group chat we all have a glass of wine I will just stop Hastings is spending her stay at home taking care of her newborn and recalibrating her training schedule for twenty.
"scott horsley" Discussed on KQED Radio
"Scott Horsley reports regulators have a simple message for customers who might be tempted to pull money out of the bank during this anxious time as a kind of security blanket your money is safe as they say when it's in the back there have been anecdotal reports of people making large cash withdrawals Janak Williams who chairs the FDIC says even if a bank branch closes or shortens its hours customers will be able to put their hands on cash ATMs are functioning as as usual payment systems are functioning functioning as always I know want to totally that we heard from several banks that they're actually using extra caution in cleaning the ATMs and sanitizing them some banks are getting extra deliveries of cash from armored trucks the people who drive those trucks are considered essential workers Scott Horsley NPR news Washington this is NPR two million Americans without access to clean running water have become some of the most vulnerable to the corona virus on the Navajo Nation forty percent must hold water and use outhouses from member station KJZZ laurel Morales reports Sheila yes he drives fifty miles for her drinking water groceries and other necessities since health officials have encouraged frequent hand washing her family's using more water my mother was asking but what are we taking the trash out we have four bags of trash and we have to try to get to the city to do that doing laundry I'm scared to go to lunch right now we have a small line you might hear a community kind of risky for us right now in two thousand nine American Indians and Alaskan natives died from each one and one at four times the rates of all other racial and ethnic groups combined that's according to a study by the national institutes of health for NPR news and more more Alice in flagstaff the suspect accused of killing fifty one people at two mosques in Christchurch New Zealand last year has unexpectedly pleaded guilty to all charges the shocking attacks triggered new gun laws in New Zealand critics called for changes on social media roles as the government's live streamed his attacks the FBI says a man suspected of plotting to bomb a hospital in Missouri has died after agents attempted to arrest him the suspect was the subject of a long running domestic terrorism investigation the FBI says he was a potentially violent extremist motivated by racial religious and anti government hatred I'm korva Coleman NPR.
"scott horsley" Discussed on KCRW
"Update you're welcome NPR chief economics correspondent Scott Horsley has been with us throughout this day all right let's talk about testing after weeks of delays and shortages officials now say that nearly two million corona virus tests will be available and labs across the country will be able to test thousands of people a day starting this week the White House also said this will include drive through and walk through testing sites set up in the hardest hit states but this is also the same White House the promised millions of test kits weeks ago and was forced to admit that there was a supply shortage so how and where can people get tested for the coronavirus and peers global health and development correspondent Jason Beaubien joins us now to help answer that question hi Jason Hey good morning so where are these new tests going to come from where they going I mean how are they going to get to where they need to go you know in it's going to be different in different places some of it is going to be sort of put on top of what it is already been rolled out in some states but we are expecting to see testing popping up in parking lots all of walmarts and Walgreens and people having the ability to go online find out where a particular testing site is make an appointment go in and and get tested the government is saying however that they really are gonna try to prioritize this for first responders health care workers and the elderly particularly the elderly who are showing either some symptoms or have some underlying conditions initially they do know that there's a huge pent up demand for testing all they want to make sure that that the people who really need it the most get access to it but it is this entirely new model that they're gonna try to roll out to get testing to thousands and thousands of people after you know last week the only be able to test out a few thousand people a day the idea here is that each individual location could do two to four thousand people a day right which is still we should say south Korea's been testing fifteen thousand people a day so the United States is way behind on this way behind playing though what difference this is going to make when we talk about flattening the curve so to speak so you know in terms of attacking this outbreak in in this country if you don't know where the the flare ups are happening you can't really put the resources they are you can't isolate people you you're gonna have people still wandering around who are infectious so by testing you can really identify where the hot spots are up try to get those people if the care that they need and and get people isolated also make people more careful in those particular places so knowing exactly what's happening with the spread of this outbreak it is one of the the keys that will come out of more testing at least that is the hope again they're starting to roll this out the equipment is gonna start moving out it could still they're saying they're going to do this this week you know it might not be till the end of the week that we really are getting set this thing up and running okay so we've been talking a lot about how US hospitals are really vulnerable they just don't have the capacity to deal with this pandemic what are you hearing right now from folks on the ground hearing at hospitals that they are very concerned about getting inundated with patients and that's part of the reason that they're trying to to do this testing in parking lots to the testing part of it can be outside of the hospital to the hospital can focus on actually helping treat the people who are actually sick hospitals are also very worried about the amount of protective equipment that they have on on hand and with the different have enough in the coming days if they do get thousands and thousands of people showing up at emergency rooms all across the country with with this this disease so that's a big concern for them we also heard that US Surgeon General announced in recent days that hospitals surgeons because should think about canceling elective surgeries so just another another change afoot and here's Jason Beaubien we appreciate it you're welcome just a few days ago it's still seemed fine to go to restaurants now several states say it's not Illinois governor JB Pritzker explained why he put out a statewide order I tried earlier this week to appeal to everyone's good judgment to stay home to avoid bars not to congregate in crowds it's unfortunate that many people didn't take that seriously the time for persuasion and public appeals is over the time for action is here a bit of frustration there same in New York City and Ohio Washington state Massachusetts Kate Grossman is a senior editor with member station WBEZ in Chicago and I guess you won't be eating out today I will today well but starting tonight I will definitely not locating out okay was there some specific event that made the governor act well there sure was this was clearly prompted by early St Patrick's day celebrations here in Chicago over the weekend in particular on Saturday afternoon and into the evening this is the you know the big weekend this was a big weekend before St Patrick's day and it is famous in Chicago for partying and the governor Saad took the big crowds and on Saturday he I'm you know tried to say I am appealing to your good judgment please don't do that but by Sunday he said I'm not playing anymore and we're shutting down how much trouble are restaurant owners and their employees and now well there's a deep deep concern we had our reporter out yesterday at a group of chefs got together to listen to the press conference where the governor announced this news of the closing for dine in customers and we have this picture of them congregated with their heads all hanging low as they're listening to the press conference you know it's it's gonna be pretty devastating you know they're talking about you know closing down this to to be you know take out and drive through but you know we have an alderman for example Chicago who owns a longstanding restaurant here and he said eighty percent of his revenue is dine in customers so I think that's pretty common so there's a really deep concern about how this will impact them although I'm glad you're specifying this is a ban on dine in customers that means the restaurant can stay open they can serve to people are doing take out is that right that's right they can do what they're calling curbside pickup and they can do drive through so so hopefully they'll still have some staff and they're obviously in in their kitchens making food this must be part of a wider shut down the schools are closed in Chicago right I that's right well effective I am tomorrow morning no school for two weeks in not just in Chicago but the whole state of Illinois so how quiet have the streets better are they going to be getting in Chicago in the next couple of days well you know it's funny so I was the corona virus editor this weekend and I was furiously up my computer and working all weekend and then I went out for a walk and they were actually like tons of people outside kind of acting normal and I thought wow how are you acting normal things are so crazy but the people of people are definitely you know social distancing and staying at home but it was a sunny day yesterday people are we're outside you know I sensed in Washington DC that maybe people are getting out for a final weekend before things really close down maybe that's what's happening in Chicago too yeah I would imagine people are getting getting some sunshine cholesterol okay thanks so.
"scott horsley" Discussed on WNYC 93.9 FM
"S. will happen on a large scale soon that comment came in a tweet this morning Dr Anthony Fauci who heads the National Institute of allergy and infectious diseases made similar comments to reporters yesterday it's not gonna be months it's going to be a week or so we gonna get many many more a test that will be available she acknowledges the current system of testing is inadequate the trump administration says those who can't do their jobs because of the virus may be eligible to collect unemployment insurance here's NPR's Scott Horsley the labor department is giving states the green light to offer unemployment insurance Danny worker who gets sick with corona virus has to care for a sick family member or whose employer is quarantine or shut down the administration's promise to offer financial support to those workers so they don't have to choose between going to work sick and possibly spreading the virus or missing a paycheck labor secretary Eugene Scalia says the ministration will use all available tools to assist workers who were adversely affected by the pandemic the new guidelines did not extend to workers who are already eligible for sick leave or get paid family leave from their employer Scott Horsley NPR news Washington house speaker Nancy Pelosi says Congress is close to an agreement with the White House on a bill to help Americans affected by the virus this is NPR news from Washington this is WNYC in New York good morning I'm Richard hake New York state is banning public gatherings of five hundred people or more starting today at five o'clock Broadway shows also will go dark the state is making asking hospitals to find more staffing as well governor Cuomo says these are necessary steps to fight the spread of the virus we're asking former doctors and nurses to reconnect with your old hospital your old health care employer to be on an on call basis the governor says the states also preparing to meet the expected demand for hospital beds nursing homes across the state of also been directed to forbid visitors all schools and places of worship within a section of newer sheller close for two weeks in an effort to slow the virus thirty four year old Selena Perez white says her children are students at one of the shuttered schools and she's trying to keep them home and inside as much as possible I'm to keep the ball in the hole I know that my house is clean disinfect every day every morning in between everything that we do the right thing down spraying the people when those goals and just keep the disease and tenant advocates are calling for a stop on addictions because of the worry of the spread businesses say many workers will lose income now that the city and state of an ounce regulations to limit large gatherings eva Farkas is the executive director of the met council on housing she says that officials need to make sure that people can stay in their homes people are going to lose income and that's gonna really hurt people's ability to pay rent the New York City Housing Authority says it will stop issuing warrants for evictions and it's CUNY schools prepare to move classes online for the rest of the semester campus food pantries are planning to stay open WNYC she made about soup has more it's the number one question campus food pantries are getting right now will you be open this year and we're here to serve our students in the best way we possibly can that's Carol Brower director of student life at the college of Staten Island she says they've stocked up with more food than usual and they're planning to stay open unless directed otherwise in a survey of CUNY students conducted last year nearly half of the respondents reported feeling unsure about whether they'd be able to afford or access healthy foods.
"scott horsley" Discussed on KCRW
"January NPR's Scott Horsley says the latest jobs numbers are due out in about an hour forecasters are expecting the labor department report another solid month of job gains but the news may be outdated as soon as its published reports based on surveys conducted three weeks ago that was before the sharp jump in reports of coronavirus outside of China where the epidemic began since then growing fears about the virus and the damage it might do to the economy have triggered a sharp sell off on Wall Street major stock indexes tumbled again on Thursday industries that could see job cuts as a result of coronavirus include manufacturing and hospitality factories have already had trouble getting parts from China travel and tourism could also take a hit Scott Horsley NPR news Washington at least twenty states are now reporting cases of the corona virus Maryland is reporting its first cases all three related to overseas travel the virus is blamed for at least twelve deaths in the U. S. all but one in Washington state vice president pence acknowledges there aren't enough test kits to meet demand nationwide he says the federal government is working on that president trump is expected to sign the bill allocating more than eight billion dollars to combat the virus this is NPR news from Washington president trump is canceling today's visit to the centers for disease control and prevention in Atlanta the White House is offering no explanation later today the president will be in Tennessee to get a look at the damage done by Tuesday's tornadoes they left twenty four people dead the Taliban are denying responsibility for today's deadly attack in Afghanistan's capital at least twenty seven people were killed and more than fifty wounded when gunmen opened fire at a ceremony honoring a former Shiite leader and P. ours did the deed says one of the country's former presidential candidates escaped unhurt special forces rushed to the area where gunmen opened fire on the ceremony from a nearby building under construction according to local news outlet tolo the chief rival of the president his name is on Dunlop Dunlop was bundled away but his deputy described the attack as suspicious that's because of the law doesn't recognize I should've honey as a legitimate president of Afghanistan but a spokesman for honey condemned the attack the tensions in Kabul complicate an already tricky deal signed between the United States and the Taliban that would see thousands of American forces withdrawal by the middle of next year that's because the deal calls for negotiations between the Taliban enough guns to settle the country's future but I've gone to divide it and they have to reconcile for those talks to go ahead do you have date NPR news Islamabad Dow futures are off more than six hundred points this morning I'm Dave Mattingly in Washington you're listening to morning edition on KCRW I'm Evan Kleiman on.
"scott horsley" Discussed on KCRW
"Scott Horsley is our chief economics correspondent and of course was a long time White House correspondents so to help us understand how he's trying to frame these specific numbers wage wages have been rising faster than inflation that's good for workers there read real purchasing power's been going up but wage gains of actually moderate in recent months in the twelve months ending in December average wages rose just two point nine percent compared to three point four percent earlier in the year and that deceleration in pay hikes is a little surprising given the very low unemployment rate we have now is encouraging is the president says that wages for people at the bottom of the income ladder have been rising faster than those the top that's partly because a lot of states have raised their minimum wages the present also talked about the very large stock market gains that we've seen since the election of twenty sixteen it is way up not seventy percent as he said but the Dow's up fifty seven percent stock ownership are is heavily concentrated among the rich eighty four percent of those gains have gone to just the top ten percent of earners and forty five percent of Americans don't own any stock at all I want to pause for a second and go to Ron Elving because when you think about the last impeach president he was giving a seat at the union he's also the person we attribute this it's the economy stupid kind of sloganeering and so is this something that the president should lean hard into especially given what his democratic rivals are talking about why would he not why would he not take credit for weather caught a condom use today presidents have suffered when the economy was poor even if it wasn't their fault and even when it wasn't really that bad and even when it was recovering I'm thinking here by George HW bush in nineteen ninety two very short very shallow recession and yet he was pummeled with it and that has happened in other occasions and we've also seen presidents come in office riding on a long recovery such as the one from say about two thousand nine two thousand ten forward into two thousand seventeen and to back on a few more years with policies and there's no question that this president has cut regulations and cut taxes what particularly for a corporations and to some to be wealthy individuals which has juice the economy if you're further but he did come in riding on a long recovery which may be slowing down a little bit now but he basically takes credit for all of it and says that when he came into office it was a situation of American carnage I want to come back to Scott Horsley here because another issue one of factcheck health care promises the president spoke about also Michigan governor Gretchen Widmer who delivered the democratic response here is an example of something the president spoke about one hundred and thirty two lawmakers in this room have endorsed legislation to impose a socialist takeover of our healthcare system wiping out the private health insurance plans of one hundred and eighty million very happy Americans to those watching at home tonight I want you to know we will never let socialism destroy American health care Somers we talk about the language is using their this is obviously divisive issue even within the Democratic Party some of the presidential candidates on the democratic side Bernie Sanders Elizabeth Warren have favored a single payer plan that would eliminate private insurance in warrants case over a period of time other Democrats though want to preserve a role for private insurance for those people who want it we should also point out the president did make what he called an iron clad pledged to protect patients with pre existing conditions did he explain how we do that he he did not in this this is surely the biggest Whopper in tonight's speech the president knows a protection for patients with pre existing conditions as popular so he pays lip service to it but if anything his administration has has whittled away at those protections and of course they're they're fighting to overturn the affordable Care Act which is where those protections come from I want to talk about another big issue border security the president talked about this will even before he you know what it was the nominee and hit that theme again tonight my administration has undertaken an unprecedented effort to secure the southern border of the United States this statement seems vague but it's got a a believe you've kind of dug into it what do you know the administration has made a series of sweeping changes to limit access to asylum seekers at the border I'd sent tens of thousands of migrants back to Mexico to wait for their day in immigration courts and administration credits those policies for a very sharp drop in the number of migrants who are being taken into custody the border in a last may we saw that number peek at a recent high about a hundred forty thousand last month the number was down to around twenty nine thousand so a drop of about eighty percent our allies in this gets at some of what we would call kind of red meat or culture were issues that we heard the president talking about he said he was calling upon members of Congress to pass legislation banning late term abortion of babies he talked about the idea of a sanctuary cities and kind of going after sanctuary states how did he balance this part of the speech with what we heard about the economy well I think those are the two parts of the president's campaign message one is to say you're better off now than you were four years ago the economy is great he said it's greater than ever before in American history but also the president is at heart a culture warrior and he believes that cultural issues are more powerful than economic ones and there is some evidence that might suggest he's right for instance the parts of the country that are reaping the most benefits from the trump economy are the ones where his approval ratings are the worst and the parts of the country that are not reaping the benefits that are doing badly record farm bankruptcy is a manufacturing recession those are the parts of the country where his numbers are the highest why I think because of the cultural issues he's pretty they the voters in those places think he's protecting them against criminal immigrants he talked about those he highlighted once again this is a staple for him a family whose family member has been killed by an undocumented immigrant so these are the two parts of his message one is you never had it so good and the other is you know the Democrats want to ruin your your way of life and that's the message to the public we want to talk about what it was like inside the capitol congressional correspondent kills the smell is there tonight moments ago she spoke with the second highest ranking Republican representative in the house that Steve Scalise we did see a pretty tepid response from Democrats on most things including things other were bye bye first things that should have been bipartisan that always have been bipartisan it almost is is like they have this personal hatred against the president and they're letting it see through where they're opposing good policies and you should always put your personal differences on the side you you should debate each issue on its merits you should support a good idea no matter who it's coming from when president Obama killed Osama bin laden we applaud it it was the right decision to make we disagreed with present a bomb on a number of issues but that was the right thing to do when we celebrate it of the fact that they can't even celebrate and applaud the killing of soul money who was one of the most bloody terrorists in the history of our country literally the blood of hundreds of men and women in uniform from the of Americans he was in Iraq plotting killing more Americans when we killed them and they can't celebrate that I think it just doesn't look good for them as a party if that's what they're gonna project to the country and that's Republican Steve Scalise speaking with our own congressional correspondent kills the smell I want to come back to two of our guests here need email show me who was a former chief of staff to the speaker of the house Nancy Pelosi can you give your final thoughts is this a speech that opens the door in any way forward or are we kind of where we started which is you know on the eve of a Senate impeachment vote not this is speech opens the door for the official reelection campaign of president trump and for Democrats protecting the house and for the presidential candidates on the democratic side to make the case we are the alternative to the to president trump and president trump play that his vision as philosophy a why he should be reelected and wide Republican shuffle forum in in twenty twenty amik Republic Democrats how the I have the opportunity down they've responded and in the race is on and Brendan Buck I want to go to you because in so many ways this party is not the party of your former boss house speaker Paul Ryan so what did you hear what does this mean for public and going forward yeah but it's a a party with the president in complete control of it you saw the reaction that you saw from the Republicans in the chamber was raucous that is a reflection of the constituents that they're representing the president is in complete control of them and into the as a matters and the way that he goes out there now and is able to talk about his accomplishments still play the populace I don't think you would be a Donald Trump speech without playing into a little fear and getting people are worried about the they know their their future he did that again tonight so I think he actually did a relatively good job if you are if the goal here was to set up a twenty twenty campaign where you're getting Republicans excited for what's to come and drawing a contrast with Democrats and and making people fear little bit about what would happen under a democratic president and again this is going to conclude our coverage this evening of president trump's state of the union address for twenty twenty we've got lots of news continuing you can hear more in the NPR politics podcast we also want to thank all of our public radio stations that are carrying this special tonight on Capitol Hill we had NPR congressional correspondence kills the smell and Susan Davis we had the chief economics correspondent Scott Horsley handled our fact checking things so much that also in the studio and peers national political correspondent my allies in an NPR senior Washington editor in correspondent.
"scott horsley" Discussed on WNYC 93.9 FM
"Some Chinese subsidies and pure Scott Horsley forces warnings got thanks you're welcome it's morning edition on WNYC I'm Richard hake the backlash continues against new York's new law that ends most forms of cash bail and it's Karen dewitt reports Republicans in Albany are ramping up the pressure on Democrats to change the law New York ended most forms of cash bail on January first Republicans who are in the minority in the Senate say they are concerned about the growing number of instances of repeat criminal offenders released without bail well then gone on to commit yet another offense Senate GOP leader John Flanagan says Democrats need to act to restore cash bail for some more serious crimes and to give judges more discretion to set bail if the defendant is believed to be a danger to the community they are tone deaf they're not listening to people back in their districts between last week and this week there's been almost a hundred bills introduced through the powerful rules committee not one not one on criminal justice not one on anything that we've talked about not one on anything modifying a law repealing law from last year the Republicans are also objecting to new proposals by some Senate Democrats they would allow people in prison to become automatically eligible for parole review when they turn fifty five senator Fred action are is a former Broome county deputy sheriff today is just another step in the wrong direction but to think that just because someone is fifty five if they're a serial murderer or a serial rapist that they would get parole I think every New Yorker needs to know just how bad a piece of policy that is equally as bad as before some Senate Democrats from Long Island have proposed bills to modify the bail reform laws senator Jim gore and has proposed a bill that would add manslaughter and some terrorism related charges back to the list of crimes that would be eligible for cash bail senator Monica Martinez his bill would give judges more power to hold the defendant in jail before their trial if they're deemed to be dangerous to themselves or others Senate leader and restored cousins was non committal well we will certainly look at those bills like we look at any number of bills store cousin says no one should interpret her comments as a lack of urgency but she says the law needs to be given a chance to work before changes are made I try and keep it all in perspective changes hard change around this system is particularly hard and it's been two weeks and I want to be able to sort out the facts from fear mongering I want to be able to look at reality and data as opposed to just reacting to you know whatever people are saying who are not necessarily trying to reform a system that we know has been broken family members of crime victims were planning a rally on Long Island to advocate for changes to the bail reform laws in Albany I'm Karen to wet support for NPR comes from member.
"scott horsley" Discussed on KCRW
"The BBC's Nick fake reporting the US Supreme Court is scheduled to take up its first major gun rights case in a decade NPR's Nina Totenberg reports the justices on Monday will hear arguments on now defunct gun regulations in New York City several gun owners and the New York affiliate of the NRA challenged regulations for having a handgun at home in New York City under the regulations as they existed when the case began a license to have a gun at home only allowed the gun owner to transport the weapon to seven shooting ranges inside the city limits that meant these pistol owners could not transport their guns to a home elsewhere in the state for instance or the shooting ranges in competitions outside the city this year the city change those rules to be more permissive but the gun owners are pressing the Supreme Court to lay out yet more permissive rules for gun ownership and transport Nina Totenberg NPR news Washington nearly six out of ten companies in the S. and P. five hundred index are at risk of losing assets because of climate change and PR Scott Horsley reports that's according to a new guide for climate savvy investors the guide evaluate some fifteen thousand companies around the world to see which are most exposed to a changing climate many of those companies have assets a growing risk of physical damage from wild fires hurricane droughts or other problems associated with rising carbon in the atmosphere analysts also flag businesses that could be adversely affected by regulatory changes such as a carbon tax those risks are higher in the US and Australia than in other countries which have already adopted more aggressive policies to combat climate change even companies in the same industry often have widely varying exposure to climate risk the assessments were conducted by true cost which is an arm of S. and P. global Scott Horsley NPR news Washington you're listening to NPR.
"scott horsley" Discussed on KQED Radio
"R. Scott Horsley reports investors will be listening closely for any hints of upcoming changes on the central bank's policy on interest rates the federal reserve's interest rate setting committee meets later this month and many observers expect the committee to lower rates for the first time since the beginning of the Great Recession more than a decade ago that appear to be moving in that direction last month would emphasize growing uncertainty with both the US and global economies the feds calculation could change however after a better than expected jobs report last week president trump is standing by labor secretary Alex Acosta make calls for a constitutes that down over his handling of a sex trafficking case in Florida involving the wealthy financier Jeffrey abstain trump is praising Akon stuff but also says he will be looking closely at a cost as role in the plea deal under scrutiny as being too lenient the Emmy winning actor rip torn is died towards publicist says he passed away peacefully at his home in Connecticut he was eighty eight for many made his film debut in nineteen fifty six and turned to comedic roles later in life appearing in movies men in black and Dodge ball in which he played a legendary player turned teacher you've got to learn the five these love wall nods two one one is in before a key role in the Larry Sanders show you're listening to NPR news United Nations nuclear watchdog the I. A. E. A. is preparing to hold an emergency meeting today the meeting is set to get underway in a couple of hours with Iran's nuclear program on the agenda U. S. called for the meeting after you run twice preach to the twenty fifteen nuclear deal at the trump administration withdrew from a year ago Iran says it is responding to the economic sanctions the ministration reimposed Delaware could soon see its first openly transgender state senator Sir McBride is currently the national press secretary for the Human Rights Campaign Serra Mueller from Delaware public media reports on big brights run for a seat in the Delaware Senate to twenty twenty Sarah McBride is a Wilmington Delaware native with a long history in politics at the twenty sixteen Democratic National Convention she made history by becoming the first openly transgender person to speak at a major party convention but big bright says she's not campaigning to make history she's campaigning to make a difference I'm not running to be a transgender state senator I'm trying to be at I'm running to be a senator who was born and raised in this community and I'm right who cares about my neighbors he fried says expanding access to affordable healthcare tops our agenda her passion for the issue comes from caring for her late husband who died of cancer for NPR news I'm Serra Mueller in Dover Delaware and you're listening to NPR news trying to adopt a child in the United States is complicated expensive and sometimes heartbreaking most of my friends have tried and had terrible experiences several of them have actually ended up pulling out of the foster to adopt them entirely your stories and how one journalist experience sheds light on a broken system that's next time on the take away from W. NYC and P. R. I. that program heard of.