News Wrap: Walmart says it is raising prices due to tariffs

In our news wrap Thursday, Walmart is planning to raise prices in the coming weeks citing President Trump's policies as a driving factor, a judge in Wisconsin pleaded not guilty today to federal charges over accusations she helped a man evade federal immigration agents and Israeli airstrikes killed dozens of people across Gaza.

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  • Amna Nawaz:

    We start the day's other headlines with the impact of President Trump's tariffs.

    The nation's largest retailer, Walmart, is planning to raise prices in the coming weeks, citing Trump's policies as a driving factor. Walmart's head said today that — quote — "Given the magnitude of the tariffs, we aren't able to absorb all the pressure given the reality of narrow retail margins."

    Walmart posted strong quarterly sales today, but declined to give a profit outlook due to ongoing economic uncertainty. In the meantime, consumers are growing increasingly uneasy. New government data shows that the pace of retail sales slowed sharply in April from the month before.

    A judge in Wisconsin pleaded not guilty today to federal charges over accusations she helped a man evade federal immigration agents. Milwaukee County Circuit Judge Hannah Dugan allegedly escorted the person out the back door of her courtroom last month as agents sought his arrest for being in the U.S. illegally.

  • Man:

    Get angry, get loud.

    (Cheering)

  • Amna Nawaz:

    Dozens of demonstrators gathered outside the courthouse ahead of today's hearing. Dugan's arrest has been a flash point in the broader tensions over President Trump's sweeping immigration crackdown. She could face up to six years in prison if convicted.

    A federal judge has dismissed charges against dozens of migrants who'd been detained for trespassing in a newly designated militarized zone at the southern border. The Trump administration recently transferred oversight of a 180-mile strip of land in New Mexico to the military. Entering the area unauthorized carries a potential sentence of at least a year in prison.

    But, today, a U.S. district court judge ruled that the government had provided — quote — "no facts from which one could reasonably conclude that the defendant knew he was entering the zone." The migrants could still face other misdemeanor charges and deportation.

    Turning overseas, Israeli airstrikes killed dozens of people across Gaza overnight and into today. Hospital officials in the southern city of Khan Yunis say at least 54 people were killed in a series of attacks, while, in the north, explosions reverberated in Jabalia, where Gaza's civil defense says 13 people were killed.

    It all comes on the anniversary of the Nakba, Arabic for catastrophe, when in 1948 hundreds of thousands of Palestinians were forcibly displaced from what is now Israel. One woman who lived through that experience says today's violence is even worse.

  • Ghalia Abu Moteir, Displaced Palestinian (through interpreter):

    Today, we're in a bigger nakba than the Nakba we saw before. We are not living. There is no life, no children, no people, no food or drink. How long must we remain like this? Where can we go?

  • Amna Nawaz:

    Today, U.S. Secretary of State Marco Rubio told reporters he is troubled by the humanitarian situation in Gaza. He also spoke with Israeli Prime Minister Benjamin Netanyahu, who earlier this week vowed to — quote — "complete the mission" by destroying Hamas.

    Back here at home, Florida Governor Ron DeSantis signed a measure today that blocks local governments in the state from adding fluoride to their water. During a bill signing event in Dade City, DeSantis said that forcing the mineral into the water supply is — quote — "basically forced medication."

    Florida is now the second state to implement such a ban after Utah. State lawmakers approved the bill last month, despite concerns from dentists and public health advocates, who say it could have long-lasting health consequences. Florida's ban takes effect on July 1.

    On Wall Street today, stocks drifted a bit following the latest economic reports. The Dow Jones industrial average added about 270 points on the day. The Nasdaq gave back some ground after recent gains, losing more than 30 points. The S&P 500 rose for a fourth straight day.

    One of the architects of America's hydrogen bomb has died. Richard Garwin was only 23 when he built the world's first fusion bomb. He later advocated for arms control, worked on early technologies that led to things like touch screen monitors, and advised presidents from Eisenhower to Obama. In the fall of 2016, it was Obama who awarded him the Medal of Freedom, the nation's highest civilian award. Richard Garwin was 97 years old.

    And a discovery of note. Historians at Harvard University say a document in their archives long believed to be a copy of the Magna Carta is actually one of the earliest versions of the medieval text dating back to the year 1300. The university purchased the tattered piece of parchment in 1946 for less than $30, which would be about $500 today. It was wrongly cataloged at the time.

    After coming across it on the law school library's Web site, professors noticed the smallest of details, certain letters capitalized, quirks in penmanship, and realized what they'd found.

  • David Carpenter, Professor, King’s College London:

    They bought it for peanuts in 1946 from an auctioneer, Sweet & Maxwell, who equally seemed to have no idea what it was. Harvard Law School have indeed, unbeknownst to them, got an original of the 1300 Magna Carta, an original, therefore, of one of the most famous documents in world constitutional history.

  • Amna Nawaz:

    Until now, there were only six known editions of the 1300 Magna Carta issued by Britain's King Edward I. The document was first issued in 1215 and established the principle of the law of the land, which influenced the framers of the U.S. Constitution, among many others.

    Harvard estimates their version is worth millions of dollars, but has no plans to sell it.

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