Wednesday, April 9th, 2025 - Trade war hits housing; Musk-Navarro drama; DHS pulls legal status; Trump’s SCOTUS win

Morning Announcements

Betches

News Commentary, Daily News, News, Politics

4.8 • 1.4K Ratings

🗓️ 9 April 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s Headlines: Trump’s new tariffs officially went into effect at midnight, sending global markets into a tailspin and pushing U.S. mortgage rates to nearly 7%. Despite White House claims that “tailored deals” are on the way, no countries—including China, which now faces a 104% tariff—secured any agreements before the deadline. Canada also retaliated with a 25% tariff on U.S.-made vehicles. Amidst the economic mess, Elon Musk lashed out at Trump’s trade advisor Peter Navarro, calling him “dumber than bricks,” while the White House responded with a baffling “boys will be boys.” On immigration, the administration announced it would revoke legal status from over 900,000 migrants who used the Biden-era CBP One app to enter the U.S. legally, urging them to voluntarily self-deport. Meanwhile, the IRS is now handing over undocumented taxpayers’ personal info to ICE, sparking fears of a drop in compliance that could cost the U.S. billions. And finally, the Supreme Court ruled that a lower court’s order to reinstate 16,000 fired federal workers can’t move forward—though many will remain on paid leave due to a separate case while a federal judge ruled in favor of the Associated Press after the White House tried to bar them from events for refusing to rename the Gulf of Mexico in their reporting. Resources/Articles mentioned in this episode: CNBC: Trump trade fight: Customs starts collecting new tariffs on imports from 86 countries at midnight Axios: Elon Musk calls Peter Navarro "moron" as trade spat intensifies Axios: IRS agrees to share immigrants' data with ICE Axios: IRS sharing immigrants' data threatens billions in tax revenue AP News: Trump's DHS revokes legal status for migrants who entered the US on Biden-era CBP One app AP News: Supreme Court blocks order requiring Trump administration to reinstate thousands of federal workers Axios: Judge sides with AP over White House ban for press coverage Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, U-Up listeners.
0:02.0	It's been a while since we've met in person, and we were thinking maybe it's time we set up another date.
0:08.2	We're so excited that we're going to be hosting a very special U-Up live event in New York City on April 30th at the Palladium Times Square.
0:17.8	Expect the games you love, spicy dating reveals, and even a live dating app
0:22.5	Maygover. But this time with you in the audience. Rally your friends, bring your craziest dating
0:28.6	stories, and join Jared and I live for a night of laughs that you won't want to miss.
0:33.8	Tickets are on sale now, so visit betches.co slash you up live to get yours before they're gone.
0:42.1	Today is Wednesday, April 9th, and you're listening to The Morning Announcements presented by Betches Media.
0:47.8	I'm your host, Sammy Sage, and the morning announcements is your daily five-minute breakdown of the headlines that isn't a megaphone for the loudest voices,
0:54.9	but a magnifying glass for the most important news.
1:00.6	The Trump tariffs went into effect at midnight last night.
1:04.3	I'm recording this on Tuesday night,
1:06.0	and I'm guessing the stock market is not looking amazing right now.
1:09.5	The White House has said that over 70 countries
1:11.7	have reached out and that he is, quote, doing very well in early negotiations with tailored deals,
1:17.3	although China, from which imports are now tariffs at 104%, says it will fight this trade war to the end.
1:24.2	If there are any deals to be made, none were made before the tariffs went into effect. Meanwhile, Canada reconfirmed its plans to implement 25% of the end. If there are any deals to be made, none were made before the tariffs went into effect.
1:28.6	Meanwhile, Canada reconfirmed its plans to implement 25% retaliatory tariffs on U.S. made vehicles,
1:34.5	which went into effect at midnight as well. And in case you're wondering whether anything's
1:38.8	going to become more affordable, it is looking like no. The average 30-year mortgage rate has gone up over the past two days to 6.85 percent,
1:47.7	amidst economic uncertainty.
1:49.9	As if there were any houses to buy anyway.
	...

Transcript will be available on the free plan in 3 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Betches, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Betches and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.