"Live from NPR News in Washington, I'm Windsor Johnston.
Stokes on Wall Street opened higher this morning as investors tuned in to hear a speech
“at the hour from Federal Reserve Chairman Kevin Warsh.”
NPR Scott Horsley reports the Dow Jones industrial average rose about 145 points in early trading. "Investors are eager to hear from the new central bank leader about how he and his colleagues planned the tackle stubborn inflation. Warsh has repeatedly vowed to restore price stability, but markets have been disappointed by the lack of detail so far."
The Fed Chairman's last news conference, following a rate-setting meeting in July, was greeted by up stock market sell-off. Warsh has been deliberately vague about his outlook, arguing that too much talking can tie the Fed's hands and distort the signals that financial markets are sending about the economy. The annual inflation in July was 3.7% according to the Fed's preferred yardstick, well above
the central bank's target of 2%. Scott Horsley, impurities Washington President Trump is offering assurances that Russian President Vladimir Putin will not wage a military operation on a NATO country. NPR's Greg Mayri reports Trump spoke following a visit to Moscow by the director of the CIA.
“President Trump was asked if President Putin might be considering additional military”
action in Europe. CIA director John Ratcliffe made an unannounced trip to Moscow on Tuesday, igniting speculation about the reason for his visit. The CIA has declined to comment. However, a U.S. official said Ratcliffe warned Russia against attacking NATO countries.
The CIA chief also told the Russians the U.S. has concluded evidence Russia is providing intelligence to Iran. U.S. official was not authorized to discuss the matter publicly and spoke on condition of anonymity. Greg Mayri, impure news, Washington. The Canadian Prime Minister is reacting to President Trump's executive order, renaming
Lake Ontario to Lake America. In Carpenter reports, Trump announced the name change on Thursday amid the escalating trade war between the two nations. Prime Minister Mark Carney says no matter what the U.S. calls it, Canadians will know it as
Lake Ontario, then, now and always.
It's the latest tit for tad in what's becoming a bitter trade war, fan by insults from Trump and mainly from Ontario Premier Doug Ford. Carney also provided some history posting on social media that the name Lake Ontario comes from the indigenous wind at nation-word, Ontario, which translated means the lake is beautiful the lake is big.
The consensus among Canadians is that Trump can do what he wants as far as the U.S. is able to but cannot dictate what Canadians call Lake Ontario, or even with the international community or other countries call it. For NPR News, I'm Dan Carpenter, Toronto. This is NPR News in Washington.
Two executives and a reporter for Stars and Stripes have filed a lawsuit against the Pentagon for firing them. They alleged that top defense department officials retaliated for recent reporting and for standing up for the paper's journalistic independence and PR's David Folk and Flick has more.
Stars and Stripes covers military matters, it's funded in part by the Congress through the Pentagon's budget. Early this year, the Pentagon's chief spokesman posted on social media that he wanted to refocus Stars and Stripes, "a way from the woke distractions that siphon morale." In July, editor-in-chief Eric Slave and reporter Lara Korty spoke to CBS News about concerns
that their independence was being eroded, then the paper reported on deteriorating conditions on the USS Abraham Lincoln in the Persian Gulf, the two were fired. Publisher Max Lederer was fired too after he announced he'd retire rather than terminate them. The three journalists are asking a federal judge to intervene to block the firing from taking
effect. The Pentagon declined comment citing the litigation. David Folk and Flick and PR News A federal judge is, again, blocking President Trump's executive order aimed at restricting mail-in voting ahead of the midterm elections.
The judge imposed a 14-day hold following another round of lawsuits just days before ballots are set to go out. The Supreme Court cited with Trump earlier this week finding the lower court had acted prematurely, but the justices did not rule on whether the President's order is legal. Unlustrated the Dow is up 74 points.
This is NPR News. Folk is right around the corner. That means the midterms. Hey, it's Miles Parks from the MPR Politics podcast. Now is the perfect time to calibrate your news diet for the fall.
Follow our show for short daily episodes that will help you stay ahead of the most important
“midterm storylines that you need to follow.”
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