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Episode: 3 PM ET: Wisconsin school shooting, tariff fears, iceberg’s journey & more

Author: CNN
Duration: 00:06:45

Episode Shownotes

We start with a fatal shooting at a K-12 school in Madison, Wisconsin. President-elect Donald Trump is putting two of America’s biggest trading partners on notice. Trump’s tariff threats have some concerned shoppers stockpiling goods. The US Supreme Court declined to hear challenges in two cases. And, the world’s largest

iceberg is on the move again. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Full Transcript

00:00:01 Speaker_04
Hi, from CNN, this is Madeline Thompson with 5 Things You Need to Know for Monday, December 16. Police in Madison, Wisconsin, say at least two people are dead and another nine are injured after a shooting at the Abundant Life Christian School.

00:00:17 Speaker_04
Here's Madison Police Chief Sean Barnes.

00:00:19 Speaker_00
Officers located a juvenile who they believe was responsible for this. deceased in the building. Additionally, the officers began administering life-saving efforts to anyone who was wounded and making sure that those persons were transported.

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What we know is that a total of about seven persons were transported from the scene to area hospitals for treatment.

00:00:45 Speaker_04
Barnes said the juvenile suspect was found dead and that they were believed to be a student at Abundant Life. The school's website says it serves approximately 390 K-12 students.

00:00:57 Speaker_04
President-elect Donald Trump's frequent calls for new tariffs on foreign goods may have overshadowed another massive trade-related pledge he made about a month before the election to renegotiate the U.S.-Mexico-Canada agreement.

00:01:11 Speaker_04
The USMCA was negotiated by the first Trump administration and replaced the quarter-century-old North American Free Trade Agreement in 2020. CNN's Katie Lubosco explains.

00:01:22 Speaker_02
Yes, the USMCA is due for a review in 2026, and Trump has already put Mexico and Canada on notice that he may be looking for some big changes, like a way to boost the U.S. auto industry.

00:01:34 Speaker_02
The USMCA already requires that a certain share of a vehicle's parts come from one of the three countries in order to remain free from tariffs. But there could be a stronger way to incentivize manufacturing in the U.S.

00:01:46 Speaker_02
Trump may also be looking to get Mexico's help in addressing China, specifically in stopping Beijing from circumventing U.S. tariffs.

00:01:53 Speaker_02
Some experts have told me that these wonky technical changes to the USMCA could end up having a bigger impact than the tariffs Trump has proposed on imported goods.

00:02:04 Speaker_04
Speaking of tariffs and trade deals, people are stockpiling canned goods and toilet paper again. Remember that phase of the COVID-19 pandemic?

00:02:13 Speaker_04
Well, it's back, but this time because of President-elect Trump's promises to raise tariffs on imported goods. CNN's Elizabeth Buchwald has more.

00:02:22 Speaker_01
Hi Madeline. So people really are going back to some of these pandemic ways in terms of building up stockpiles.

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And toilet paper has made it to the list, even though there's no reason to believe that that will, in particular, get more expensive if Trump imposes the tariffs that he's pledged to do.

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But there is this real fear that things that we need can get more expensive. And to get ahead of that, people are going ahead and shopping right now to potentially save down the road.

00:02:53 Speaker_04
The U.S. Supreme Court has declined to take up appeals in two cases. In one, conservative states challenged California's ability to establish strict vehicle emission rules that effectively set the standard for the rest of the nation.

00:03:07 Speaker_04
But the justices agreed to hear a narrow slice of the fight, whether fuel companies have standing to sue over the regulations. The high court also declined to hear the corruption case of former New York Lieutenant Governor Brian Benjamin.

00:03:20 Speaker_04
Prosecutors say Benjamin sought campaign contributions from a local real estate developer in exchange for a $50,000 state grant for the developer's nonprofit when he ran for New York City's comptroller in 2019.

00:03:32 Speaker_04
Benjamin's lawyers appealed to the Supreme Court over what they called extreme overreach by the prosecution and argued that the contributions were protected under the First Amendment because prosecutors hadn't established an explicit quid pro quo.

00:03:45 Speaker_04
A federal district court had dismissed the charges, but a federal appeals court reversed the decision. Coming up, tracking a floating giant.

00:03:56 Speaker_03
I'm CNN tech reporter Claire Duffy, this week on the podcast Terms of Service. CNN business economics writer Elizabeth Buchwald, she's going to walk us through what we might want to consider buying now before prices go up under a Trump White House.

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Once he gets in the Oval Office, he can put tariffs into place. E-bikes are actually made in China.

00:04:17 Speaker_03
Really anything that just isn't produced in the U.S. Follow CNN's Terms of Service wherever you get your podcasts.

00:04:28 Speaker_04
The world's biggest iceberg is on the move again. Scientists from the British Antarctic Survey say the berg, named A23A, is drifting through the Southern Ocean after spinning in the same spot for months.

00:04:41 Speaker_04
They expect it to continue catching currents toward warmer water and the remote island of South Georgia, where it's likely to break up and eventually melt. But experts say it won't contribute to rising sea levels.

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A23A is slightly bigger than Rhode Island and has held the largest current iceberg title several times since the 1980s. It broke away as part of the natural growth cycle of an ice shelf nearly 40 years ago. That's it for now. I'll be back at 6 p.m.

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Eastern.

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Welcome to Times Square. Anderson Cooper and Andy Cohen are back together to ring in the New Year.

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Best night of my life!

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And anything could happen.

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Oh my gosh! Super! That's perfect TV!

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New Year's Eve Live starts at 8 on CNN.