Shangri-La Dialogue, Trump's Slush Fund, Gas Prices - podcast episode cover

Shangri-La Dialogue, Trump's Slush Fund, Gas Prices

May 30, 202615 min
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Summary

The episode begins with discussions from the Shangri-La Dialogue on US-China relations, Taiwan's status, and the Iran war, highlighting US calls for allies to increase defense spending. It then delves into President Trump's legal challenges, including the halting of his 'anti-weaponization fund' and ongoing investigations, alongside concerns about presidential health and transparency. Finally, the segment explores how high gas prices are driving consumers to discount retailers, revealing broader inflation warnings and the impact of global conflicts on supply chains.

Episode description

Defense Secretary Pete Hegseth talks Pacific security, the government reviews E. Jean Carroll's civil cases against President Trump, Costco and Walmart are selling more gasoline.

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Transcript

Intro / Opening

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Leaders from all over Asia.

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defense and security.

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The US Secretary of Defense explains his plans for trying to keep peace in the Pacific.

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I'm Aisha Roscoe.

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And I'm Scott Simon and this is Up First from NPR News.

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Angela dialogue in Singapore reveals a lot of different opinions over which superpower, America or China, is pulling ahead.

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President Trump's setup for friends and allies is halted by two judges.

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High gas prices are sending more people to Walmart and California.

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Please stay with us, we've got the news you need to start your weekend.

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This week on Here and Now Anytime, immigration lawyers report chaos over Trump's new rules for green cards, and what the Queen of Salsa's red satin heels say about America.

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Yeah.

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The way she presented herself on stage was a reflection of the love uh that she had for her fans.

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Listen to here and now anytime on the NPR app or wherever you get your podcasts.

US-China Tensions at Shangri-La Dialogue

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It was a packed room earlier today in Singapore when Defense Secretary Pete Hegseth took the stage at the Shangri-La Dialogue, the Asian Defense Summit. It comes amid concerns about China's military posture, especially towards Taiwan, and after an intense week of negotiations between the US and Iran to end their war.

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And Pierce Jennifer Packards in Singapore. Thanks so much for being with us.

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Thanks for having me.

D

And what was Secretary Hegseth's message at the Defense Center?

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Well his message, and he said it to a room full of military defense officials and diplomats, is for Asian allies to ramp up their defense spending to counter China. Secretary Heggseth says there is rightful alarm at China's military buildup.

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That a Pacific dominated by any hegemon would unravel the regional balance of power and undermine the equilibrium we all seek to preserve.

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He was less clear, though, on how to prevent an escalation. He only said Asian allies should not be, quote, freeloading off American taxpayers. Overall, this is a more toned-down message from last year when he called out China for its aggressive policies, continual harassment of Taiwan, which Beijing protested against. So far the Chinese delegation has applauded Secretary Hagseth for repeating China's line that the two countries need to maintain a constructive strategic stability.

D

And and let me follow up about Taiwan, independent democracy claimed by China, uh continuing point of tension. What did Secretary Hegseth say?

E

Not a whole lot. Let's remember that there was a lot of confusion recently when President Trump commented that arms sales to Taiwan is a quote very good negotiating chip with China. Days later, a senior US official said arm sales to Taiwan have been paused due to the war in Iran. Now today Hagseth said any decision about the future of Taiwan arm sales rests solely with President Trump.

But he also said the US has good weapon stockpiles and he played down concerns that weapon sales to Taiwan is contingent on how things are going in the Middle East conflict. And he said there is no change in the status of US Taiwan relations.

D

Because of course the Iran war is another issue that affects Asian allies. Did uh Secretary Heggseth uh give any clarity?

E

Uh also no. Uh he repeated what President Trump has already said that uh the president is patient and will only strike a deal if it's a good one, and that's defined as one that ensures Iran doesn't get a nuclear weapon. He also said that the US is ready to resume strikes on Iran if no deal is reached. Of course, there were some US strikes last week already.

D

China's defense minister Skipped the forum for the second year in a row. What can be read into that?

E

Yeah, I mean China did not send the Defense Minister to the summit and instead they sent a low level delegation of military experts and scholars. Now in terms of direct US China engagement at this forum, I think that's less important because Secretary Heggseth already said that the two countries have more military to military exchanges, or at least that's the plan.

And that's important because they need to avoid any misunderstanding that could spark a conflict. But for the wider region, this is a missed opportunity for China. Because even though Secretary Hegseth is touting that relations between the US and China are At their best in years. China and the US are still strategic competitors. And much smaller countries in the region feel really caught between the two superpowers.

Vietnam's president Tolam yesterday said in his keynote speech at the event that one of the biggest risks is unchecked competition where might makes right. And they're looking for positive signals, both from the US and China, that this is not the case.

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NPS Jennifer Pack in Singapore. Thanks so much.

E

Thank you.

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Trump's Legal Battles and Controversies

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Hopes to end the war in Iran this weekend faded after President Trump left a two hour situation room meeting yesterday without the quote unquote final determination he promised on the way in.

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Ron, thanks so much for being with us.

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Good to be with you, Scott.

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Let's begin with this oft used phrase of the era a federal judge says This week that President Trump's name must come off the Kennedy Center because Congress didn't put it there, and two federal judges weighed in one indirectly on the President's so called anti weaponization fund. Explain, please.

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Well the Kennedy Center issue is pretty straightforward. Congress named the Cultural Center sixty years ago, and the judge said only Congress can change the name. As of this moment, Trump seems ready to accept that decision, but he is likely to fight the other two this week regarding that special fund you mentioned set up by settling his lawsuit against the federal government.

Uh that fund provides nearly one point eight billion dollars to compensate people who claim they were pursued by the administration of President Joe Biden uh for their roles in trying to overturn the results of the twenty twenty election. Uh, this includes the rioters who breached the Capitol and sent the members of Congress fleeing in fear. And now one judge in Virginia froze those payments saying she needed more time to sort out the claims, but another judge has challenged the entire process.

the idea that Trump could sue as a private citizen and then cut a deal with his own Justice Department, rewarding his allies with taxpayer money.

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DHS Secretary Mullen uh would like to cut customs staffing at the international airports in so called sanctuary cities. Department of Justice says that would include New York, Los Angeles, Philadelphia, Seattle, and more. What are the implications?

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Immigration hawks have long been critical of big cities that try to protect their residents from federal enforcement efforts. Trump has been critical of the sanctuary policies as well. Yet this new salvo from Mullen, that's the former Oklahoma Senator who now heads DHS. has brought howls of protest from the travel and the tourism industries, as well as from the cities and states involved.

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Former Attorney General Pam Bondi testified behind closed doors in the ongoing congressional investigations into Jeffrey Epstein's misdeeds and associates. Ron, what stood out for you?

B

First of all, her testimony was not taken under oath, but it was taken behind closed doors. Those are remarkable facts given the gravity of the matter. Moreover, she refused to discuss Trump's role in the handling of the files. And then she said the issue had all been delegated to her deputy, Todd Blanche. The Todd Blanche who's now acting as Bondi's replacement, the Todd Blanche who made that deal on the one point eight billion dollar fund we were just talking about.

D

And who heads the DOJ that's looking into civil cases that Egene Carroll won against President Trump in twenty twenty-three and twenty twenty four? What do you see in this news?

B

It appears to be another example of Trump's fixation on settling scores, a grinding away at old grudges, searching for personal payback. And as a recurring theme, it's akin to the pursuit of personal glorification that we've seen the Kennedy Center renaming, the billion dollar ballroom he wants, the new arch he wants, the two hundred and fifty dollar bill he wants with his picture on it.

Concerns Over Presidential Health Secrecy

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President Trump went to uh medical center at Walter Reed this week, his third trip in the last thirteen months. And we learned this week that in Jill Biden's upcoming memoir she worried that Joe Biden's disastrous debate performance in the last campaign was due to a stroke. Should we be concerned about those close to presidents concealing any possible decline in their fitness for office?

B

Absolutely. Look, we know such concealment has happened before and we should have been concerned about it for a very long time. President Woodrow Wilson's wife covered for him for much of his second term after he'd had a debilitating stroke. That was more than a century ago. But there have been other cases since. We learned about Ronald Reagan's Alzheimer's after he'd left office. This is all the more relevant in our era of eighty year olds in the Oval Office.

Joe Biden tells us now she was wondering about what was wrong with her husband in that twenty twenty four debate. Of course we are told the president is fine. We are always being told the president is fine. This week we were told he checked out quote perfectly. But we've come to regard those assurances as anything but reassuring.

D

And Pierre Jaron Elvin, thanks so much.

B

Thank you, Scott.

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Rising Gas Prices Reshape Consumer Habits

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High gas prices are driving American drivers to change their habits at the fuel pump.

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That's what NPR's business correspondent, Alina Selyuk, heard this week from big discount chains, Costco and Walmart. Alina, thanks so much for being with us. What do these giant retailers tell you about how Americans are dealing with rising gas prices?

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People are going out of their way to find the best price for gas. I in some cases quite literally driving out of their way for discounted fuel. That is what I heard from Costco and Walmart. They both had calls with investors recently. Walmart's call was last week, Costco's was on Thursday, and they both said their lower gas prices have people lining up, actually waiting in line longer than usual.

And many of those people are coming to Costco gas stations or Walmart gas stations for the first time. First time in a long time, or even first time ever.

D

Is this good news for them?

C

Of course, of course, yes. People coming for the first time is really good for them. And Costco also said that in the few recent months. It's gas stations were setting record after record. Like Costco had never sold as much gas as it did between April and mid-May, with stations having to get multiple daily gas deliveries just.

D

And is this all to new customers?

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Well so it's not just new customers, it's also lots of repeat visitors. People are coming back more often. That's what we heard from Costco's chief financial officer, Gary Millerch.

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A lot of members are increasing their frequency of visiting the gas station to top up in between what would have normally been a gap between getting the tank to empty because of the concern about what might the gas price be tomorrow.

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So not waiting for an empty tank, but thinking maybe prices will rise tomorrow, I better get a little more gas at the price I see today. Or the reverse, maybe prices will drop tomorrow. So I'll only top up today and get more another day. And Walmart's chief financial officer, John David Rainey, said this is especially happening with lower income shoppers.

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I'll give you an example. Like we see that in the most recent period, the number of gallons that customers fill up with when they come to our fuel stations fell below ten for the first time since 2022. That's an indication of stress.

D

We got a new government inflation report showing the cost of living still higher in April as compared to March. Are retailers signaling that there'll be any decrease on price?

C

So big consumer companies are definitely trying to figure out how to keep prices down so people keep shopping. For example, we heard from Walmart saying it plans to put its tariff refund stored price cuts in stores. But they're also warning about the costs of what's happening in the Middle East, tankers not being able to go through the Strait of Hormuz. That's a vital shipping lane for the global supply of both fuel and fertilizer, which we need for food.

Costco also pointed out that petroleum costs have raised the cost of resin, which affects the price of polyester and plastic. So there's kind of a growing chorus warning that the longer energy prices stay high, the greater the chance of it trickling down into higher prices on all kinds of products.

We heard basically this word for word from Fed Governor Chris Waller this week. We also heard from top executives at big oil companies, ExxonMobil and Chevron. They are saying that with a straight being blocked, The world's oil supplies are depleting and they're about to get really low, which could mean big spikes in the price of oil within like two to three weeks.

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And here's Lena Selljuk.

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And that's up first for Saturday, May 30th, 2026. I'm Scott Simon.

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And I'm Aisha Rosco. Michael Radcliffe produced today.

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Danny Hensel and Andy Craig.

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Our editor is Diana Douglas, so ably assisted by Miguel Messias, Ed McNulty, and Emily Cobb.

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In the control room today is our director.

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Technical.

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With engineering support from Zoe Van Genhol.

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Shannon

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Supervising editor. Our executive producer is Evie Stone, and Jim Kane is our everlasting deputy managing editor.

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Tomorrow on the Sunday story. That won't hurt too much.

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Thanks for joining us in the podcast feed. You know we got a lot more for you on a little device called the radio.

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Yes, it has little knobs and stuff. I don't mean I had a. Doesn't have any knobs. They used to.

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Everything's a screen. Everything.

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PR station

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Every episode of It's Been a Minute, NPR's What's Happening in Culture podcast starts by asking three questions. How? Why now? If the culture's asking it, we're talking about it. At MPR, we stand for your right to be curious and indulge your cultural curiosity. Follow it Spin a Minute wherever you get your podcasts, and we'll break down the zeitgeisty topics that are filling your feed.

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