"Live from NPR News in Washington, I'm Janine Herbst.
President Trump says the U.S. and Iran have come to a deal.
“If he was Frank Er, or Donia's reports, this could mark the end of a four-month war”
that's wreaked havoc on Middle East Security, and also sent global energy prices surging. President Trump posted on social media that, quote, "The deal with the Islamic Republic of Iran is now complete. Congratulations to all." He did not share many details, but said the agreement included Iran reopening the
state of Hormuz, and the U.S. removing its own blockade of Iranian ports. Trump added, quote, "Ships of the world start your engines, let the oil flow." The president has prematurely made announcements on peace deals before, and some international observers will likely be skeptical until they see greater details. But Pakistan's prime minister, who's been helping negotiate the deal, also posted that
an agreement has been reached on an immediate ceasefire, and the Iranians seem to be confirming this as well. Franco, or Donia's, NPR News. "Today is President Trump's 80th birthday, and he's spending it watching a mixed martial
“arts fight on the White House lawn, and Pierre's Mara Lyerson has more."”
The ultimate fighting championship cage match on the White House south lawn comes at a time when age and generational change are big issues in the midterms. His critics say Trump has been showing signs of decline, closing his eyes in White House meetings, but the White House denies he has fallen asleep. The mixed martial arts match today is meant to contradict that image of decline.
Trump's brand is supposed to be strength, toughness, fight, fight, fight, so the event is on brand, but it's also very controversial. The match is costing taxpayers money, and Trump himself has invested tens of thousands of dollars in the parent company of the match. His family has been selling commemorative coins tied to the fight.
Mara Lyerson, NPR News. The federal reserve meets this week to discuss interest rates after May's high inflation report.
And if you're Steven Besaha reports, this will also be the first press conference for Kevin
Warsh as the Fed's new chair.
“"President Trump made it clear before it nominated Kevin Warsh said he wants a Fed to cut”
interest rates. But when policymakers meet Tuesday and Wednesday, they are expected to keep rates steady. May's strong job report, lessen the argument that a cut is needed. Amaze consumer price index puts more pressure on the Fed to raise rates at some point after prices rose 4.2% over the last 12 months.
Investors will watch closely what Warsh says for signs about the Fed's future interest rate plans. Tuesday was provided the latest on home construction for May after the market slowed down in April. New home starts with down 9% in April from a month earlier.
Steven Besaha, NPR News. "You as futures contracts are trading higher at this hour, Dow futures are up about 6/10% you're listening to NPR News." Riot police fired tear gas and water cannons in clashes with stone throwing use during a protest today in Geneva against the G7 group of wealthy nations.
This comes a day before G7 leaders, including President Trump, hold a summit in nearby France. Environmentalists, women's rights and pro-Palestinian activists led the way. Demonstrators have expressed frustration with Trump and other G7 leaders over various issues, Swiss and French authorities deployed thousands of police for the summit that gets underway tomorrow.
Lawmakers in Arizona are tripling the state's fund for potential lawsuits over water from the Colorado River that it shares with other states. Alex Hager of Member Station KJZZ has more.
The fund was set up last year and the new budget will bring it to $9 million.
Arizona could use the money if it heads to a court battle with other states that use the Colorado River or the federal government. Those states are California, Nevada, Colorado, Utah, Wyoming, and New Mexico. They've been unable to agree on how to manage water moving forward. The state leaders all say they want to avoid lawsuits but seem far apart on a deal
to stay out of court with a mid-Summer deadline quickly approaching. Earlier this year, Arizona secured an East Coast law firm to represent the state in a potential case. Climate change and drought mean that demand for water is higher than supply and states can't agree about who exactly should have to cut back.
For NPR News, I'm Alex Hager in Phoenix. This is our glass on this American life when they me like, it's a good mystery, sometimes about really big things, but most times the little mysteries are the best. Our lost and found is currently filled with pants.
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