Live from NPR news in New York City, I'm Dua Halle, Psycho-Towell.
Trade talks between one of the U.S.'s closest ally broke down last night, triggering 50%
“tariffs on more than $20 billion worth of Canadian products.”
Prime Minister Mark Carney says the U.S. cannot break Canada that it has what the world wants and, quote, "We will not allow any nation to determine our future." In recent days, the United States proposed new terms. The run economic, unfair, and undermined the net benefits for Canada and called into question the reliability of any deal.
In short, they asked too much, and they offered too little. He said retaliatory tariffs on U.S. goods will take effect on September 8th. The Trump administration's trade representative, James and Greer, said the latest U.S. offer was forward-looking and would have lent a supply chain coordination on aerospace
and critical minerals cooperation.
On Wall Street stocks overall lost ground this week as the federal debts surpassed $40 trillion, then Pierscott Horsey reports all of the major stock indices ended in the red. The mounting government debt, along with stubborn inflation, seemed to rattle the bond market,
“bondholders are demanding higher yields for lending money to the government, and that's”
driving up borrowing costs for the treasury and everyone else. Your retailers also sent some cautious signals about a possible slowdown in consumer spending, Walmart reported its slowest sales growth at existing stores in almost six years. There were some bright spots in the market, vaccine-maker Maderna stock more than double after encouraging results from a clinical trial, but the broader market was down.
For the week that Dow Jones industrial average lost 8/10 of a percent, the S&P 500 index dropped
1.4 percent, and then as deck fell, 2 percent.
Scott Horsey and Pernu is Washington. First responders in Ukraine are continuing to search for victims of a Russian drone attack at a shopping mall in Central Ukraine, killing 16 people in Injuring, more than 100. From Moscow and Piers' Charles Mane's reports. The Russian attack took place in the Ukrainian city of Krivy Reed, an amounted to a double
tap.
“One drone hit the maldering peak business hours, followed by a second tap after rescuers arrived”
on the scene. Ukrainian President Vladimir Zelensky denounced the tactic as despicable and vowed a response that appears to have come in several waves. In Russia's "Crasnadar" region, authorities said two children died amid Ukrainian drone strikes on a town on the as-off sea.
Ukraine also continued its targeting of energy and logistics centers. This time hitting an oil facility in retail warehouse in the Smara region. Civilian casualties were also reported along Russia's border with Ukraine. We're shelling has been constant throughout the war, now in its fifth year. Charles Mane's in Piers' news, Moscow.
"Rounders in northern Mexico are preparing to resume cattle exports to the U.S. This is NPR news from New York City." The federal government is imposing water cuts in California, Nevada, and Arizona over the next two years, with future cuts possible to other states, depending on water conditions. Indicard racers hit the streets of Washington, D.C. this weekend, in this one-time only
freedom 250 Grand Prix. As WDT's Quinn Klein felt to reports, the event almost took a different path around Washington. The Indicard series, owned by Detroit-based Roger Penske, will send drivers along a temporary track, winding on and around the national mall. But the man who designed the race course, Penske Corporation President Buddenker, says
"It's not exactly what he first had in mind."
Originally, I had to track around the nation's capital, they required a congressional bill. I didn't know that. I couldn't get the 60 votes in the Senate. I had the House covered." President Trump, who has pushed for flashy celebrations of the nation's 250th birthday, signed
an executive order bypassing Congress to allow the race to proceed away from Capitol Hill. Trump is also scheduled to take a ceremonial lap around the track. For NPR news, I'm Quinn Klein-Filter, Indicroyd. Ruben Rocha Moia, a controversial figure who was indicted by the U.S. on drug trafficking
charges, has resumed his role as Governor of Mexico's Sinaloa State. The Justice Department charge Rocha Moia and nine others in April of protecting the Sinaloa cartels drugs smuggling and accepting bribes. But Rocha Moia said on social media, "I am unrelated to and innocent of the fabrications woven against me."
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