Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. The confirmed death toll from flash floods that hit the Nepal-Tibet border has surpassed 460 people, and more than 1,500 people are reported missing. Around 90 Americans are among the people unaccounted for, according to the U.S.
Geological Survey says a glacial collapse triggered the floods. The State Department said it would provide the region with $500,000 in aid for the rescue efforts. Federal Reserve Chairman Kevin Warsh is set to give his first major speech as Fed Chair when he addresses economists and policymakers this morning at Jackson Lake Lodge in Wyoming.
Investors were left feeling let down last month when he promised to curb inflation without outlining specific plans. Many are eager for clearer guidance today, as Fed chairs have historically used this gathering to share their economic views. Prices are climbing faster than the central bank's target.
They increased 3.7% in the 12 months ending in July. A federal judge heard arguments yesterday concerning the Kennedy Center board's recent efforts to reinstate President Trump's name at the entrance of the arts complex. On Aug. 13, the board, dominated by members appointed by the president, voted to close the main building for renovations.
It also voted to put up a new sign on the entryway that would read "The John F. Kennedy Memorial Center for the Performing Arts, Restored and Renovated by President Donald J. Trump." It said in a legal filing earlier this week that the complex could be demolished if its plans for a two-year renovation, including the return of Trump's name, don't advance.
Trump is trying to beef up Americans' lives with a plan to temporarily lower tariff rates on some imported ground beef. In a social media post, the president said that the U.S. would "allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff." He also said the U.S. was committed to selling this beef at "25 percent below market prices." Beef has seen significant price increases due to rising inflation. Last month, U.S. consumers faced an average price of $6.89 per pound, and agricultural industry experts doubt that the president's plan will lead to a noticeable price drop.
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