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Live from NPR News in Washington, on Corva Coleman, markets are still reacting to President Trump's decision to suspend his new tariffs for 90 days.
After falling for several sessions, Wall Street skyrocketed yesterday.
The European Union has now matched that decision and will pause its new tariffs for 90 days
as well.
But Trump has boosted levies on China to 125 percent.
Markets remain volatile this morning.
NPR's Scott Horsley reports that on Wall Street in pre-market trading the Dow Jones and Nasdaq futures have fallen more than
1% the message from the market could not be any clear the market likes global trade and does not like anything that interferes with that
When President Trump was running interference with his deep tariffs the market sank when he suspended some of those tariffs the market soared
the Dow Jones industrialverage jumped more than 2,700 points yesterday.
The S&P 500 index was up more than 8.5%.
But keep in mind, that's only about two-thirds of what the market had lost since the President
first announced these tariffs last Wednesday.
So even with this partial ceasefire, the trade war has left a mark.
And B.R. Scott Horsley reporting.
House Republican leaders have postponed a vote on a multi-trillion dollar budget framework.
It features much of President Trump's domestic agenda.
NPR's Barbara Sprunt reports several conservative Republicans oppose it.
After more than an hour behind closed doors with more than a dozen members,
House Speaker Mike Johnson said the House would not vote as planned in the evening
on a signature measure for President Trump.
He said they'd delay until the morning
and continue the conversation with members
who argue the Senate amendment on the table
doesn't sufficiently address the deficit.
Opposition has been brewing among conservative House
members for days, despite direct pressure from Trump,
who called on the conference to quickly pass the measure.
The delay is the latest in a series of setbacks for a bill that is meant to be the first step in a lengthy process,
one that will require the Senate and the House to come to agreement.
Barbara Sprint and Peer News, The Capital.
U.S. Citizenship and Immigration Services will start screening immigrants' social media for anti-Semitic activity.
NPR's Jasmine Garz reports they're looking for reasons to deny immigration requests.
The screenings may affect people applying for permanent residence status and foreigners
affiliated with educational institutions.
The Department of Homeland Security in a statement said it will, quote, protect the homeland from extremists and terrorist aliens, including those who support anti-Semitic terrorism.
Advocates say it's an attack on free speech.
Secretary of Homeland Security Kristi Noem recently posted on X, quote, it is a privilege
to be granted a visa to live and study in the United States of America.
When you advocate for violence and terrorism, that privilege should be revoked.
Jasmine Garst, NPR News, New York.
You're listening to NPR News from Washington.
The U.S. and Russia have exchanged prisoners.
Russia released Ksenia Karolina.
She was jailed in Russia after giving less than $100 to a charity sending aid to Ukraine.
Russia says the U.S. released Arthur Petrov.
He was accused of illegally exporting military-grade electronics.
Tech companies have pledged hundreds of billions of dollars to build data centers across the
country.
Mississippi has $20 billion in data center projects underway.
But Stephen Basaha of the Gulf States Newsroom says data centers lead to few permanent jobs.
Data centers are basically giant warehouses
where the internet physically lives.
They run the computer chips powering the AI boom
and the hard drives that let you save your photos online.
But the co-director of the Warden Business School's AI
Research Center, Kartik Asanagar,
says data centers often only need a few hundred workers to run.
So when you see numbers like a 10 billion dollar data centered
investment and you are asking what does it mean for our local economy,
you have to really discount that number quite heavily.
Data centers also eat up a ton of electricity.
In fact, Mississippi Power will burn coal at one of its plants for
roughly a decade
longer than planned to fuel the state's upcoming data centers.
For NPR News, I'm Stephen Masaha in Birmingham, Alabama.
Separately, tech company Microsoft says it is pausing construction on three data centers
in Ohio.
They're near Columbus.
That investment was estimated at about $1 billion.
Microsoft officials say that they are reviewing
the huge data center projects.
Microsoft is a financial supporter of NPR.
I'm Corva Coleman, NPR News in Washington.
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