Headline News from The Associated Press
AP Headline News - Apr 25 2024 17:00 (EDT)
AP News. I'm Ed Donohue. Momentum on Wall Street hit a brick wall today. It was fueled in part by a report on the economy from the Commerce Department. The Dow lost 375 points. Here's the AP Shelley Adler. In the final three months of last year the gross domestic product was 3.4%. The Commerce Department reports that number, which is the economy's total output of goods and services, sank to 1.6% in the first quarter of this year. And Gus Fosche, who's the chief economist at PNC Financial Services Group, says that's okay. 1.6% is close to the economy's long run potential. It means that the economy is expanding at a solid pace, but not at that very rapid pace we saw in the second half of 2023. As for what these numbers mean to the Federal Reserve. The assumption is, is that we will see inflation slow over the next three six months or so, and that should allow for rate cut sometime later this year. I'm Shelley Adler. Supreme Court justices seem skeptical of former President Donald Trump's claim of absolute immunity from prosecution over election interference, but the decision's timing is unclear. Michael Drieben is an attorney representing special counsel Jack Smith. The framers knew too well the dangers of a king who could do no wrong. They therefore devised a system to check abuses of power, especially the use of official power for private gain. Testimony is wrapped up for the day in Donald Trump's hush money trial in New York. The former president talked about the Supreme Court case. I think it was made clear. I hope it was made clear that the president has to have immunity. You don't have a president or most you can say it would be a ceremonial president. That's not what the founders had in mind. That talking about ceremonial. We want presidents that can get things done and bring people together. In New York, Trump's attorneys cross-examine former National Enquirer publisher David Pecker. This is AP News. Pro-Palestinian protest continue across the country. The AP's Haya Pangewani has the story. Atlanta police in Georgia state troopers arrested at least 17 people during pro-Palestine protests on the Emory campus. One student interviewed by the Associated Press was shocked to see law enforcement on the scene. This is insane. I just saw police use unnecessary violence for peaceful protesters. I saw police knock students to the ground. Clearly you see a bunch of arrests going on. And Emory Spokeswoman said that university police had ordered several dozen demonstrators who set up tents on campus to leave and added that the group trust passed on to the private school. Emory is just one of many universities across the nation protesting the Israel Hamas war. Demonstrations at colleges in other major cities like Los Angeles, Austin, and New York continue. I'm Haya Pangewani and I'm Ed Donahue, AP News. You have to celebrate your wins. We've won the Mint 400 and I celebrated that win for weeks. But then we had to focus and move on Dustin Jones, championship winning Can Am Off Road Racer. Can Am is the same. The most race wins in all types of terrain with the Maverick X3. But then they focus and move on. The Maverick or 240 horsepower in the first seven-speed dual-clutch transmission. This thing's a game changer. We celebrate those wins but never for too long. The Can Am Maverick X3 and Maverick R. Visit canamoffroad.com. You see a family SUV. We see a support system for more than 960 wildlife species because when you get the $29 Keep Colorado Wild Pass, you help fund wildlife conservation and educational programs across the state. Picture Keep Colorado Wild Pass with your next vehicle registration. It's more than a state parks pass. It's Nature's BFF. Learn more at CPW.info/KeepColoradoWild. Hey, have you ever used cheapo air? For years and I really like it. With cheapo air you can book online, use their app, or even over the phone. They've got great prices on over 500 airlines and millions of accommodations. There might go to for travel planning. And if you join their Club Miles program you can earn points to save on the cost of your travel, book on the app, and you get double points. Sounds like it's time I try cheapo air. Call cheapo air at 855-247-3279 or visit cheapoair.com/podcast. When you earn your degree online at Arizona State University, you get everything the nation's most innovative university has to offer. The same internationally recognized faculty. The same nationally ranked programs. The same degree. Learn more at asuonline.asu.edu