"Why, from NPR news in Washington, I'm Dan Runran.
President Trump Thursday signed an executive order that he said will rename Lake Ontario
as Lake America in the United States.
“The President has floated the idea of a name change as trade negotiations with Canada”
broke down last week, and the U.S. and Canada are now imposing tariffs on products that cross the border. Trump said he signed the order because he claims Canada is an unreliable trading partner. "We deal with a lot of people, people often times, they'll ask me, who's the worst to deal with untraded?"
And I said, "That's easy, Canada, they are the worst, and they feel entitled, and just we can't have that." Canada's Prime Minister Mark Carney and other Canadian officials are rejecting the call to rename Lake Ontario, noting that the name goes back at least 400 years in it predates the U.S. declaration of independence and the Canada Confederation.
Meanwhile, the Trump administration announced 50% tariffs on goods from Canada, and Canada
announced it with imposed tariffs on about $20 billion of products in the United States,
but Canada announced it his stock the American seafood from that list. Michael Livingston with Maine Public reports that "Lopstrument" are breathing a big sigh of relief now that those tariffs are off the table. Canada says it made the change after meeting with seafood industry leaders to, quote, "protect against broader economic harms," Maine typically exports more than half of its annual
lobster landings to Canada for processing, bringing in over $1 billion a year. "With a sort of back and forth trade of the product across the border, has been something that's kept both industries thriving for many, many years now." Maine Lobster Man Association head Patrice McLaren says the tariffs would have disrupted that market overnight, reducing revenue for Lobsterman.
Maine Republicans send their seusing Collins, who's in a tough race for reelection,
criticized the Trump administration for starting the trade war, saying border states economies
are inextricably linked to trade with Canada. For NPR News, unlike a Livingston in Kennebunk, Maine. "Morgan Drates remain at their highest levels in years driven and part-by yields in the bond market, Stephen Bassaha reports the average 30-year fixed rate mortgage is 6.66% according to Freddie Mac.
The trade rates are largely influenced by the bond market, which has been shaken over concerns about government debt and inflation.
“That's why bond traders will be watching new Fed share Kevin Worsh's speech Friday in”
Jackson Hole, Wyoming, closely. "Everyone's going to be, you know, it's early in the morning, but everyone will have their popcorn out to watch." Jeff Degurian is low-deposed chief investment officer. "They want to see, hey, if inflation takes back up again, like everyone's worried about,
what are you going to do?" Fed's preferred inflation gauge showed prices rose in an annual rate of 3.7% in July. Stephen Bassaha and PR News. "And this is NPR News." Testimody has ended in the trial of the former gang leader accused of orchestrating the
1996 drive-by-killing of rapper Tupac Shakur, Steve Futterman reports. The defense presented just three witnesses, all former members of the Las Vegas Police Department. The prosecution's case depends almost entirely on comments from Dwayne Davis in a memoir and an interview where he repeatedly admits supplying the gun used in the killing and says he was in the car that drove up alongside Shakur.
The defense claims these were all in bellishments, and that there's no corroborating evidence to support Davis' admissions. The final witness former detective Dan Long was asked how he was able to confirm that Davis was in the vehicle. "I missed your Davis telling me that he was in a white car a lot, and that the shooting
came from that scene white car." Davis is the only one allegedly in the Cadillac still alive closing arguments are set for Monday. For MPR News, I'm Steve Futterman.
“Federal Reserve Chairman Kevin Worsh delivers a key address Friday in Jackson Hole, Wyoming,”
a economist and market watchers will be looking for conditions under which the Federal Reserve will adjust interest rate, prior Fed shares have used this speech to indicate the broad policy frameworks and signal where the Fed may be going on interest rates. President Trump has pushed Worsh his predecessor Jerome Powell to cut interest rates more aggressively.
Thursday, the Cleveland Federal Reserve Bank President Beth Hamrick called for a higher interest rates because she said inflation was stubbornly high about the Fed's rate. This is NPR. So, hey, you know that nagging voice in your head, the one telling you to put the phone down and stop doomsgrowing while it's time.
Look up, take a daily curiosity break with shortwave and pair a science podcast. Let your mind wander to the edges of outer space or wonder about what's lurking in the depths of the sea floor all in under 15 minutes. Shortwave, your daily mental reset, listen on the MPR app or wherever you get your podcasts.
