This is WBZ, Boston's news radio, redefining local news.
Sonny fifty one degrees in Boston, headed for sixty. It's eleven o'clock. I'm Laurie Kirby, raising the state for the trade war. Wall Street is scrambling after President Donald Trump just announced he will double some of the tariffs against Canada. The latest now in the special report from.
CBS News on social media.
President Trump just announced he will double the tariffs on all Canadian steel and aluminum to fifty percent in retaliation for the province of Ontario and acting at twenty five percent tariff on the electricity it sends to the US. Trump says the tariff increase will take effect tomorrow. He's also threatening to increase the April second tariffs on cars, which he says will essentially shut down automaking in Canada. Trump says the only way to make the tariffs disappear
is to make Canada the fifty first state tariff. Flash is just one reason stocks are down again this morning. Here's CBS News Business analyst Jill Slessinger.
Where we are is essentially that the world of investing is made up of human beings. Those human beings are feeling a little freaked out by the on again, off again tariffs, retaliations, cuts at the government, and it is making people feel concerned enough that we could see the economy slow down.
CBS News Special Report.
I'm Michael Wallace, and again, on top of that nine hundred point plunge on the Dow yesterday, we're seeing another drop of six hundred and twelve points. That's a loss of one and a half percent. The S and P and the Nasdaq are trading down as well. We'll have a lot more in the latest numbers. Live from Bloomberg Business News Andrew Oday at eleven eight, and we just heard from Speaker Mike Johnson holding a brief news conference in Washington, saying he's got the votes. Of course, the
proof is in the pudding. They haven't voted yet on a stop gap measure to keep the federal government funded through the end of September and avoid a potential shut down.
With House Democrats vowing to withhold their support, Republicans can only afford a single defection. Vice President Vance heads to Capitol Hill today to rally Republicans. Kentucky Congressman Thomas Massey, who's a frequent no vote on continuing resolutions, says he'll vote against this one too. Overnight, President Trump called Massi
a grand stander who should be primaried. If the spending bill does pass the House, it'll be up to doge wary Democrats in the Senate to decide whether to block it with a filibuster.
The measure would boost defend spending by six billion dollars compared to last year and lower non defense spending by thirteen billion. Could the battle over auditing the Massachusetts legislature involve the Supreme Judicial Court? Auditor Diana dezaglio is hinted that it could, but not according to top lawmakers. Of course, they've been at odds over this last year. Massachusetts voters overwhelmingly voted to give Dezaglio's office the power to audit
the state legislature. The constitution states at the hig House and Senate can seek an advisory opinion from the SJC, but when asked about that idea this week, both the House Speaker and the Senate president suggested it's not in
the cards. It may not be up to them. Demonstrators back on the streets of New York and on the campus of Columbia they are upset over the ice arrest and possible deportation of a Palestinian grad student who is also a protest organizer in the campus of Columbia University. Hundreds of people have marched in his defense.
I am here today because I know in my bones, as an American Jew, how dangerous it is when the government starts abducting legal residents that they disagree with.
I am mortified as an American, as a Jew, and as an alumnus of this institution, that you have been taken into ice custody.
Taken into ice custody. But this deportation appears to be on hold after a federal court judge ruled that he cannot be deported yet. And again this is going to be played out in the courts, like so much of what we're seeing in terms of policy right now, Well, we have nothing to worry about. In terms of the weather. It feels like spring, the harbinger of spring, if you will.
Spring is March twentieth, the vernal equinox. We're hitting sixty today, maybe above, a little bit cooler in the Capan Islands by ten degrees. And that sunshine, of course lasts longer now that we've changed our clocks. Beautiful sunset again tonight for you chili tonight in the thirty zone everywhere, maybe colder in the Berkshires Tomorrow, more sun, cooler weather, wet snow a potential on Thursday. Let's go back to our top story, fears of a possible recession adding fuel to
the fire. President Donald Trump has just said he is doubling down and planning to double tariffs on some Canadian imports. Wbz's Jim McKay taking the temperature of locals.
The struggles real.
Say that again here in brain Tree, talking with people about to hop on the red line. And many have been putting two or two together for a while now at the economy could be on the verge of a recession.
Absolutely have noticed a difference. Something's become more expensive, and I just tried to rebalance what I'm buy. I mean, I was looking at, you know, a gallon of milk.
People already cutting back on spending, checking those prices twice. One thing you shouldn't do is panic, especially with long term investments like you're four oh one k. Any sort of short term dip will result in a long term rebound.
The idea that the long term investments. I'm a big fan of you know, It's like I didn't lose anything until I sell, So I'm not selling.
Stay the course, stay on top of it, and keep your financial ducks in a row. At Braintree. Jim MCKAWBZ, Boston's News Radio.
Well, those ducks are quacking loudly right now. We are seeing significant losses across the board. On Wall Street Bloomberg Business News at eleven oh eight. Five years ago today, the World Health Organization declared COVID nineteen as a global pandemic.
The moment five years ago changed the world forever. The head of the World Health Organization declaring COVID nineteen a global pandemic.
COVID nineteen can be characterized as a pandemic.
The deadly virus spreading around the world, leading to lockdown's. Washington State recorded the first COVID case in the US, but New York City later became the epicenter. Michelle Franzen ABC News.
And of course, the World Health Organization declared an end to the COVID nineteen pandemic as a health emergency back in May of twenty twenty three. Pandemic school closures were learning more about how this disrupted the learning of kids.
I study published in Jama showed there was a drop in language, cognitive development, and general knowledge among kids during the pandemic, and it's believed lack of play and in person interaction also played a role. The studies authors point out, however, that language and cognitive development scores were dropping even before the pandemic.
You are now in the loop for news updates, it's throughout the day. Listen to WBZ News Radio on the iHeartRadio app. I'm Laurie Kirby, WBZ, Boston's news radio