Afternoon Report: Monday, March 10, 2025 - podcast episode cover

Afternoon Report: Monday, March 10, 2025

Mar 10, 20257 min
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Episode description

Stock markets plunge amid recession fears. The IRS could lose up to half its workforce because of federal layoffs. The Los Angeles D.A. asks a court to drop a motion to free the Menendez brothers. Stay in "The Loop" with #iHeartRadio.

Transcript

Speaker 1

This is WBZ, Boston's news radio, redefining local.

Speaker 2

News fifty nine degrees in Boston at four o'clock. Good afternoon, I'm Ben Parker. Here's what's happening. Perhaps the best news of the day on Wall Street today came just a moment ago when the market closed for the day. It was a terrible ride on Wall Street all the way down to the basement. The Nasdaq fell four percent today, seven hundred and twenty seven points, the down down nine hundred and forty two, the S and P five hundred,

down one hundred and fifty five points. And as bad as those numbers are, off the lows so it was even worse during the day as some Wall Street investors questioned the president's comments from over the weekend that he may let the economy endure through the tariffs and other policies. President Trump had told Fox News over the weekend that he hates to predict things and wouldn't say whether he thought a recession was coming. The less, Wall Street sold

off today and sold off big Todd. We'll get more details on what happened on Wall Street and see where these numbers finally settle as we check it with Bloomberg in just about seven minutes. The IRS could lose up to half of its workforce from federal layoffs. CBS's Stacey Lynn tells us what's next.

Speaker 3

With thousands of layoffs, see IRS may struggle carrying out its basic mission collecting taxes. There will be fewer audits that could have recoved billions for the US. One just fired worker told The New York Times she was in the middle of what she called a slam dunk case on a multinational company earning roughly three billion dollars a year. It's now stalled.

Speaker 4

She said.

Speaker 3

The DOGE cuts will ultimately create more government waste, not reduce it, and add even more to the deficit. Stacey Lynn CBS News Washington.

Speaker 2

In Saudi Arabia, the US is taking part with Ukraine in talks that are aimed at ending the war with Russia.

Speaker 4

Officials from both Washington and Kiev will meet in the Kingdom tomorrow. You're gambling with world war following last month's stunning Oval Office blow up between Presidents Trump and Zelensky yesterday.

Speaker 5

I think you're gonna have eventually, and maybe not in the distant Fuji, you can have some pretty good results.

Speaker 4

The president sounded upbeat about the talks, but also questions whether Ukraine actually wants peace well right.

Speaker 2

Now, they haven't shown into the extent that they should.

Speaker 4

In Kiev, Grostia bo klt Zelensky said over the weekend, Russia's been ramping up attacks instead of thinking about how to end the war. Asked what Moscow's expecting from the talks, Kremlin spokes from Dmitri Peskoff says, it doesn't matter what Russia's expecting, but what the US is expecting. Sagur Magani Washington.

Speaker 2

On update out of Los Angeles today, where the District Attorney Nathan Hockman is acting at court to withdraw his predecessor's motion to free the Menendez brothers. Hawkman says, lyolent Eric Menendez lied repeatedly about why they killed their parents in nineteen eighty nine.

Speaker 6

With respect to.

Speaker 5

Them, the key issue of exhibiting insight, full insight into their crimes and completely accepting responsibility for their actions. This is where the Menendezes fall short.

Speaker 2

The brothers are serving life terms without the possibility of parole. The previous district attorney recommended the brothers be resentenced to fifty years to Life. Hackman previously said he opposes the Brothers re sentencing the fort awbc ACU weather forecast. We're going to have mainly clear skies as we head into the evening tonight. The temperature is falling back to about thirty seven in Boston, into the twenties and some of

the coldest inland suburbs. After we ran into the low sixties today, Tomorrow we'll probably get to sixty again, and in fact more spots may get into the low sixties tomorrow. Cape and Islands won't be one of them, though. Upper forties. That's going to do it for the Cape and Islands, with breezy conditions and some sunshine. Clear to partly cloudy tomorrow night. Thirty eight in Boston, low thirties in the inland suburbs. Looks like we'll be the forties Wednesday and Thursday.

Some sunshine on Wednesday, some rain and or snow to start on Thursday before we just sit in the clouds. Right now, it is fifty nine degrees in Boston. An elementary school and the Hunt will be getting a greenhouse thanks to some green from a generous donor.

Speaker 7

We Hunt School Superintendent Robert Leebo says an anonymous donor has donated eighty thousand dollars to build a greenhouse right here at the Johnson Elementary School.

Speaker 6

The plan is to get it up this spring and have it working with our kids this fall. They would be growing produced not only for the school cafeteria, but also running a farmer's market.

Speaker 7

While the eighty thousand will cover most of the costs, they still need to raise more than twenty thousand to make the greenhouse a reality.

Speaker 6

And we're doing a brick fundraiser, which is where you can purchase for one hundred dollars an engraved brick.

Speaker 7

And those bricks will form the walkway leading from the school to the greenhouse. From the Hunt Carl Stephens, WBC Boston's News Radio.

Speaker 2

It is almost spring. That's good news for those who like the warmer weather and trees and flowers in bloom. It is not good news for those who have to deal with allergies from trees and flowers in bloom.

Speaker 1

Climate Central analysis finds the growing season is now more than fifty days longer than it was in the nineteen seventies, and that may mean a longer and more miserable allergy. Season.

Speaker 8

Try to keep the windows closed so collins from outdoors aren't coming in very frequently. You want to open it at nighttime. The problem is you will wake up with lots of symptoms.

Speaker 1

Cleveland Clinic Allergies Sandra Hang recommend the nasal spray for congestion and sinus pressure, while an oral antihistamin relieves a running nose.

Speaker 2

Stephen Kuffman SEEBS News forget about holding on to your hat on Mount Washington during last week's high winds. It was hold on to you last week we told you about some of the gusts on Mount Washington won over one hundred and twenty miles an hour. But wait, there's more now. The Mount Washington Observatory shared a video on social media showing the wind gusts that whipped across the summit of New England's tallest mountain. Of do showed employees

sliding across the very top of the mountain. They were seen struggling to even crawl in winds on top of the sixty two hundred and eighty eight foot peak. Friday's high wind gust was one hundred and thirty eight miles an hour. It was a almost calm one hundred and thirty mile an hour gust on Saturday. You are now in the loop for news updates throughout the day. Listen to WBZ News Radio on the iHeartRadio app. I'm Ben Parker, WBZ, Boston's news radio

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