The Latest: 04/10/2025 08:59am ET

All the latest national and international news. Topics also include finance, weather and entertainment.

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Episode Transcript

Speaker 1 (00:00):
This is your twenty four to seven use update.

Speaker 2 (00:03):
The latest use this hour in just four minutes.

Speaker 3 (00:08):
President Trump says his ninety day pause on global tariffs
was not part of a negotiation strategy. The President told
reporters Wednesday. Sometimes it's not a negotiation until it is,
adding that the US has to stay flexible during this period.

Speaker 4 (00:23):
You have that flexibility.

Speaker 5 (00:26):
I could say, here's a wall, and I'm going to
go through that wall.

Speaker 2 (00:30):
I'm going to go through it no matter what.

Speaker 5 (00:32):
Keep going.

Speaker 4 (00:32):
And you can't go through the wall.

Speaker 2 (00:34):
Sometimes you have to be able to go under the wall,
around the wall, or over the wall.

Speaker 3 (00:38):
The tariff pause does not include China. Wall Street is
in the spotlight today following President Trump's announcement of the pause.
Alice Barr Reports said yesterday Stock's sword after Trump announced
the decision on true social.

Speaker 4 (00:51):
The president though keeping new baseline ten percent tariffs in
place along with previous tariff rounds, including on Mexico and care,
but all eyes are on the deepening rift with China.

Speaker 3 (01:04):
China is vowing to fight to the end after Trump
increased the terissan products from that country to one hundred
and twenty five percent. The head of China's largest e
commerce association says Chinese companies that sell products on Amazon
are now preparing to either raise prices in the US
or quit the US market. US stock futures are all

(01:24):
in the red, with Dow futures down more than five
hundred points. A Russian American woman is free from custody
in Russia after a prisoner swap with the US. More
from Mark Mayfield.

Speaker 2 (01:36):
Cassinia Carolina, a Los Angeles resident and amateur ballerina, was
arrested early last year for treason after Russians found out
that she had donated around fifty bucks to a charity
supporting Ukraine. Ukraine has been fighting off a full scale
Russian invasion since twenty twenty two. In exchange, the US
reportedly freed Arthur Petrov, a German Russian citizen arrested in

(01:57):
Cyprus in twenty twenty three were smuggling at electronics and
weaponry to the Russian military. The swamp happened early this
morning in Abu Dhabi.

Speaker 3 (02:05):
I'm Michael Kassner. One of the sectors feeling the pinch
in the wake of the Trump tariffs is the US
travel industry. More from Tom Costello.

Speaker 5 (02:14):
Before the tariff pause, The CEO of Delta Airlines said
air travel has stalled, both leisure and corporate.

Speaker 3 (02:21):
I think everyone's being prepared for uncertainty.

Speaker 5 (02:23):
If that continues and we don't get resolutions soon, we'll
probably end up in a recession. At Bastian's warning comes
as foreign visitors are canceling trips to the US down
nearly twelve percent in March compared to a year ago.
Air travel from Mexico down twenty three percent after President
Trump slapped Canada with tariffs and suggested it should become

(02:44):
America's fifty first state. Airline, bookings from Canada to the
US dropped forty percent.

Speaker 4 (02:50):
You shouldn't be shocked that we don't want to spend
money down there.

Speaker 5 (02:53):
If foreign visitors stay away, Economists say it could cost
US airlines, hotels, rental car companies, resorts billions of dollars.

Speaker 3 (03:01):
Filers who can't afford to pay their taxes have several options.
More from Phil Hewett.

Speaker 1 (03:06):
When that tax bill comes due and it's more than
you could afford, there are options.

Speaker 6 (03:11):
What you don't want to do is skip filing and
return altogether.

Speaker 1 (03:14):
That's John Kiernan. He's the managing editor at wallet hub.
He says there are penalties for both failing to pay
taxes and failing to file, and the latter can be
easily avoided, especially if you just have some temporary cash
flow problems.

Speaker 6 (03:27):
You can simply file your return by the deadline and
then wait for a bill in the mail. You'll pay
about a zero point five percent monthly fee for that,
but that's peanuts compared to the potential penalties for not paying.

Speaker 5 (03:40):
At all or not filing.

Speaker 1 (03:41):
He says. The IRS also offers a one hundred and
eighty day extension, but you still pay a monthly fee
until you come up with the money. But what if
you need more time?

Speaker 6 (03:49):
Two options are to either come up with an installment
agreement with the IRS, which gives you up to seventy
two months, or you can pay.

Speaker 1 (03:56):
With a credit card that'll get you points or cash
back in most cases, and if it's a new credit
card there might be a cash back or points bonus.

Speaker 3 (04:04):
I'm Michael Cassner