In our news wrap Friday, a judge in Iowa blocked the country's most restrictive abortion law from taking effect, which would ban most abortions once a fetal heartbeat is detected. Also, President Trump kept up the pressure a day after imposing tariffs on steel and aluminum from Canada, Mexico and the European Union. Canada has filed a challenge with the World Trade Organization.
Read the Full Transcript
In the day's other news, the May jobs report is in, and it appears to show America's economic engine firing on all cylinders. The Labor Department reported today that 223,000 new jobs were added last month. And the unemployment rate dropped to 3.8 percent. That is the lowest since the year 2000.
We will look into what's driving these and other economic numbers after the news summary.
The jobs report gave a boost to Wall Street. The Dow Jones industrial average gained 219 points to close at 24635. The Nasdaq rose 112, and the S&P 500 added 29.
President Trump today kept up the pressure on trade, one day after imposing tariffs on steel and aluminum from Canada, Mexico and the European Union. All three have rejected the levies, and Canada filed a challenge with the World Trade organization today.
But the president argued again that they have been taking advantage of the U.S.
President Donald Trump:
I want fair trade. I like free trade. But I want fair trade. At a minimum, I want fair trade, and we are going to have it for our workers and for our companies. And you know what? The other side understands it. To be honest with you, they cannot believe that they have gotten away with this for so many decades.
The president also floated the idea of replacing the North American Free Trade Agreement, or NAFTA, with separate deals, one for Canada, and one for Mexico.
A judge in Iowa has blocked the country's most restrictive abortion law from taking effect. He acted today after the Republican governor and opponents of the law agreed to a process to expedite the case filed to challenge it. The law would ban most abortions once a fetal heartbeat is detected. That is about six weeks into pregnancy.
There is new legal turmoil in Puerto Rico over deaths caused by Hurricane Maria. The U.S. territory's Institute of Statistics sued its health department on Thursday, demanding full data. A Harvard study out this week estimated that more than 4,600 people died in the three months after the storm. The official toll remains at 64.
The threat of a strike by Las Vegas hotel and casino workers receded today. Existing contracts expired at midnight, but negotiators announced a new agreement with Caesars Entertainment. It covers one-fourth of the 50,000 workers at nine casinos along the Strip.
And a new champion spelled his way to victory last night at the Scripps National Spelling Bee; 14-year-old Karthik Menami — Nemmani — I'm sorry — beat out more than 500 competitors. In the end, he faced off against a competitor from his home county in Texas, 12-year-old Naysa Modi.
She was tripped up by an unwieldy German word, and Nemmani seized his moment.
It seemed like most of the words you got, you knew right away. What about that last word, koinonia? When did you have that idea, this is it?
When I heard it.
The victor's winnings include a trophy, $40,000 and a set of encyclopedias.