NPR News Now - NPR News: 06-04-2025 10PM EDT

Episode Date: June 5, 2025

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As NPR's daily economics podcast, the indicator has been asking businesses how tariffs are affecting their bottom line. I paid 800,000 today. You paid $800,000 in tariffs today. Yes. Wow. And what that means for your bottom line. Listen to the indicator from Planet Money.

Find us wherever you get your podcasts. Live from NPR News in Washington, I'm Jack Spear. President Trump has signed a proclamation banning or partially banning travelers from 19 different countries, reinstating one of his most controversial policies from his first term. NPR's Franco Ordonius reports the White House is touting the travel ban as fulfilling a campaign promise to protect Americans. The ban will completely stop travel to the United States by citizens of 12 countries,

including Afghanistan, Haiti, Iran, Libya, Somalia, Sudan, and Yemen. Citizens from seven other countries will be subject to partial bans. In a video statement, Trump cited the firebombing attack in Boulder, Colorado as an example of why such a ban was necessary. In the 21st century, we've seen one terror attack after another carried out by foreign visa overstayers from dangerous places all over the world. The man charged with that attack was in the United States on an expired visa, though the

Department of Homeland Security says he is from Egypt, which is not among the countries listed in the travel ban. Franco Ordonez, NPR News. The Trump administration's tariff hikes on imported steel and aluminum have now gone into effect, the administration upping the tariffs to 50 percent in a move that will potentially raise the cost of everything from automobiles to cans to paper clips. In an interview on NPR's All Things Considered, Martha Gimble of Yale's Budget Lab explains. We're now expecting car prices to go up by about 13% in the short run. It's going to be a pretty big hit for people, and cars are already an incredibly expensive purchase.

So 13%, that's real money. With the average price of a new car just under $49,000 in May, that would take the average new vehicle price well above $50,000. Higher tariffs are going into effect for most countries, though not at the moment for Britain, which has reached its own deal with the administration. Trump has argued the latest import taxes are necessary to protect U.S. industries. A man has been arrested for his alleged role in last month's bombing in a fertility clinic in Palm Springs, California. 32-year-old Daniel Park is accused of helping the man, who, according to say, carried out that bombing, Guy Edward Bartkis. Bartkis was killed in the attack. More from Steve Futterman. According to federal law enforcement officials, Park helped supply Bartkis with 270 pounds

of ammonia nitrate. That was a key ingredient used in the 1995 Oklahoma City bombings. And according to officials, Park was in possession of a bomb-making formula similar to the one used in that attack. The FBI says Park and Bartkas conducted experiments together earlier this year, and the two also allegedly shared so-called anti-life, pro-mortalist beliefs. Reporter Steve Futterman, Stock's recent run-ups ran into a bit of a roadblock today. There was a mixed close on Wall Street.

The Dow down 91 points to 42427. The NASDAQ rose 61 points. The S&P gained a fraction. You're listening to NPR. A woman testified in the Sean Combs trial. hip-hop mogul once dangled her over a high-rise balcony. The witness was a close friend of Combs' then-girlfriend, as NPR's Isabella Gomez Sarmiano reports. Brianna Bangalan said she became close friends with Cassie Ventura after they started working

together on a fashion line. She would often sleep over at Ventura's apartment, and she said it was common for Combs to show up banging on the door at odd hours of the night. On one such night, Bangalan said Combs stormed into the apartment and held her out over the balcony railing, 17 stories up. She said Combs violently threw her down onto the balcony furniture, causing heavy bruising. During cross-examination, Combs' defense attorney suggested Bangalan fabricated those claims and pointed out several inconsistencies in Bangalan's version of events.

Bangalan will continue testifying when court resumes. Isabella Gomez-Armiento, NPR News. Why did the elephant rob the convenience store in Thailand? Because that's where the snacks are. Security cameras caught the huge male elephant known as Pli being legged, seemingly overcome by desire for treats, living in an animal park and strolling into the store helping himself from the shelves. The store's owner was not amused after playing the plundering pachyderm,

ate bags of sweet rice crackers, a sandwich, and even some dried bananas. This is not the large elephant's first brush with crime. Locals say in the past Plybeing Lek has entered people's homes looking for food, but never a grocery store. Critical futures prices after moving higher briefly turned in the other direction late in the day, oiled down 56 cents a barrel to settle at 62.85 a barrel in New York. I'm Jack Spear, NPR News in Washington. This message comes from WISE, the app for doing things and other currencies. News in Washington.