NPR News: 09-01-2026 10AM EDT
Summary
Markets opened lower as crude oil prices surged following attacks on tankers in the Strait of Hormuz, while Fed Governor Michael Barr warned of potential rate hikes if inflation persists. Apple’s John Ternus officially assumed the CEO role from Tim Cook. In the Gulf, life is gradually returning to normal despite lingering economic impacts, and Donald Trump Jr.’s firm is set to invest $300 million in prediction market Polymarket. Additionally, California is voting on new wildfire liability laws, and death tolls from Himalayan flash floods in Nepal and Tibet have surpassed 1,000.
Topics discussed
Stocks fall and oil prices rise after tanker attacks
Fed Governor Barr on inflation and Apple CEO transition
Oil flow through Strait of Hormuz and Gulf recovery
Dubai tourism and real estate market slowdown
Trump Jr's firm invests in prediction market Polymarket
California legislature votes on wildfire liability law
Nepal-Tibet flash floods: rescue efforts and death toll
Sponsor message from Charles Schwab
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