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What increased tariffs imply for the U.S. financial system. And, Israel’s plan for hostage launch
The Tycoon Herald > World > What increased tariffs imply for the U.S. financial system. And, Israel’s plan for hostage launch
World

What increased tariffs imply for the U.S. financial system. And, Israel’s plan for hostage launch

Tycoon Herald
By Tycoon Herald 8 Min Read Published August 4, 2025
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Good morning. You are studying the Up First publication. Subscribe right here to get it delivered to your inbox, and hear to the Up First podcast for all of the information you must begin your day.

At this time’s high tales

A brand new set of upper tariffs, which the Trump administration believes will assist usher in an financial increase, is predicted to take impact this week. Current financial information casts doubt on that outlook. Final week, the Labor Division reported that the job market weakened sharply throughout the late spring and early summer time as President Trump’s tariffs started to take impact. Hours after the report, Trump made a social media publish calling for the firing of the top of the Bureau of Labor Statistics, Erika McEntarfer, who releases the job stories.

LOS ANGELES, CALIFORNIA – JUNE 02: A ‘Now Hiring’ signal is displayed outdoors a resale clothes store on June 2, 2023 in Los Angeles, California. At this time’s U.S. labor report reveals that employers added 339,000 jobs in Might with sectors together with development, healthcare, enterprise companies and transportation including jobs with wages exhibiting 4.3 % development over the identical interval final 12 months. (Photograph by Mario Tama/Getty Pictures)

Mario Tama/Getty Pictures


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Mario Tama/Getty Pictures

  • 🎧 Job numbers should not the one statistic that’s lower than flattering, NPR’s Scott Horsley tells Up First. Inflation is dashing up, and the general financial system is rising extra slowly than in every of the final two years. Economists throughout the political spectrum have denounced Trump’s transfer to fireplace McEntarfer as one thing out of an authoritarian handbook.

Tariffs on imports from Mexico have been delayed for 90 days as commerce negotiations proceed. The president made the announcement after a “very successful” dialog Thursday with Mexican President Claudia Sheinbaum.

  • 🎧 In El Paso, Texas, in addition to alongside different border communities, the 2 economies are functionally one that occurs to be cut up by a world boundary line, says Angela Kocherga of community station KTEP. The massive commerce neighborhood consists of manufacturing, provide chains, buying, logistics, trucking and warehousing. Mexican tariffs took impact for a day in April earlier than being rolled again. Since then, firms alongside the border started to stockpile what they may on the U.S. facet. With stockpiling comes warehousing prices, which may additionally influence firms.
  • ➡️ Listed below are 5 issues to find out about how Trump’s commerce insurance policies might influence the U.S. and the worldwide financial system.

U.S. particular envoy to the Center East Steve Witkoff visited Israel over the weekend, assembly with households of the hostages being held in Gaza. Witkoff knowledgeable them that Trump is working to succeed in a deal to assist carry the hostages residence. This comes every week after ceasefire talks stalled and lots of throughout the globe expressed outrage over mounting starvation in Gaza.

  • 🎧 Movies surfaced over the weekend exhibiting two males who have been kidnapped on the NOVA music competition. Within the footage was an emaciated hostage who stated he feared he was digging his personal grave, in response to NPR’s Eleanor Beardsley. Final evening, an individual accustomed to the small print knowledgeable NPR that amongst Israeli officers, there’s an understanding that Hamas is tired of a deal and Prime Minister Benjamin Netanyahu is pushing for hostage launch by way of army defeat. Hostage households have expressed that army motion to free the hostages is a dying sentence for them.

At this time’s hear

NPR Music has compiled a list of great headphones at different price points — covering everything from casual listening to professional mixing and mastering.

NPR Music has compiled a listing of nice headphones at totally different worth factors — overlaying the whole lot from informal listening to skilled mixing and mastering.

Deborah Lee/NPR


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Deborah Lee/NPR

NPR Music has compiled a list of great headphones at different price points — covering everything from casual listening to professional mixing and mastering.

NPR Music has compiled a listing of nice headphones at totally different worth factors — overlaying the whole lot from informal listening to skilled mixing and mastering.

Deborah Lee/NPR

Film soundtracks used to persistently produce hit after hit on pop radio, but it surely now appears like such occurrences are uncommon. Within the Eighties, for those who turned on the radio, there was a great probability you’d hear quite a few songs tied to blockbuster movies. Through the Nineties and 2000s, film studios and music labels shaped stronger relationships and closely invested in soundtracks. At this time, yow will discover particular person songs from films on-line without having to buy a complete album. Nevertheless, that does not imply at present’s soundtracks lack influence. NPR’s Isabella Gomez Sarmiento takes you on a journey by way of this evolution, detailing what occurred to memorable film songs and sharing snippets that evoke nostalgia.

Life recommendation

A person taking a gift and throwing it in the trash.

It might probably generally really feel awkward to obtain a praise, and it might be troublesome to simply accept one. Your response to compliments reveals lots about your vanity and may affect how the particular person giving the praise feels. Social psychologist Erica Boothby and behavioral scientist Xuan Zhao break down the science of compliments and make the case for accepting the sort remarks about you.

  • 🥰 There could be a disconnect between the way you see your self and the way others see you, which may make you’re feeling uncomfortable. These with excessive vanity have a better time accepting compliments as a result of they’re according to how they view themselves.
  • 🥰 In some cultures, accepting a praise could make you look boastful or overconfident.
  • 🥰 Declining a praise could make the giver really feel rejected. Attempt acknowledging the praise and saying thanks.
  • 🥰 If you wish to give others an awesome praise, attempt being particular, honest and delicate.

For extra steerage on tips on how to settle for a praise, take heed to this episode of NPR’s Life Equipment. Subscribe to the Life Equipment publication for skilled recommendation on love, cash, relationships and extra.

3 issues to know earlier than you go

A Boeing sign is pictured outside the Renton Production Facility in Renton, Washington, on November 3, 2024.

A Boeing signal is pictured outdoors the Renton Manufacturing Facility in Renton, Washington, on November 3, 2024.

Jason Redmond/AFP through Getty Pictures


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Jason Redmond/AFP through Getty Pictures

  1. About 3,200 unionized staff at Boeing amenities in Missouri and Illinois have gone on strike at present after failing to succeed in a labor contract settlement.
  2. The Krasheninnikov Volcano in Russia started erupting early yesterday for the primary time in centuries, simply days after an 8.8 magnitude earthquake rocked the world.
  3. Loni Anderson, identified for taking part in the empowered receptionist at a struggling radio station on the hit TV comedy WKRP in Cincinnati, died yesterday, simply days earlier than her eightieth birthday.

This text was edited by Suzanne Nuyen.

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