Putin Visits China, Credit Card Users Max Out, Canadian Wildfires Spread

Up First from NPR

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4.5 • 52.8K Ratings

🗓️ 15 May 2024

⏱️ 14 minutes

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Summary

Russian President Vladimir Putin heads to China for a two-day summit with Chinese leader Xi Jinping. The Federal Reserve Bank of New York says people under 30 and lower-income families are the most likely to be maxed out and fall behind on their credit card bills. And the Canadian wildfire season gets underway as fires prompt evacuations and threaten towns in Western provinces.

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Today's episode of Up First was edited by Nick Spicer, Julia Redpath, Miguel Macias, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Ben Abrams and Kaity Kline. We get engineering support from Stacey Abbott. And our technical director is Zac Coleman.

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Transcript

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0:00.0	Trade between Russia and China is booming as the war in Ukraine continues.
0:08.0	And President Vladimir Putin visits President Xi Jin Ping in China.
0:11.0	What are they going to talk about?
0:12.0	I'm Steve Insky with Michelle Martin
0:14.3	and this is up first from NPR News. People are turning to credit cards to help cover their costs.
0:23.0	Credit card balances are near record highs, credit card rates are near record highs.
0:28.0	And high interest rates make it even harder for people running up debt.
0:31.0	What will it take to get those numbers down?
0:33.0	Also wildfires in Western Canada are prompting evacuations and threatening towns and triggering
0:38.7	air quality alerts in the United States.
0:41.6	As the fire season intensifies, will the effects cross the border again?
0:45.2	Stay with us, we've got the news you need to start your day. Support for this podcast and the following message come from Wise, the app that makes
0:59.6	managing your money
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1:20.0	we talk to at Planet Money and the indicator.
1:22.0	It's a mistake for economists to only think about economic efficiency when considering
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	...

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