Good evening, New York City. We're wrapping up the day for you with the most important stories you need to know about for tonight and tomorrow, as well as your weather outlook.
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Today's Big Stories
1. Chronic absenteeism sees some improvement but remains high years after pandemic
About 35% of students missed at least 18 days of school last year — or 10% of the days in the school year, an amount that qualifies them as being chronically absent.
It’s a problem that has plagued the city, and other districts around the state and country, since the pandemic hit in 2020. The data is released annually by the Department of Education, and was highlighted this week in a report from the Manhattan Institute, a conservative think tank.
2. Rep. Torres reintroduces bill to improve federal response to health emergencies
Bronx U.S. Rep. Ritchie Torres is re-introducing legislation aimed at improving the federal government’s response to public health emergencies, Spectrum News NY1 has learned.
The bill was initially inspired by concerns over the government’s handling of COVID-19 and mpox, formerly known as monkeypox.
3. New York business groups to Congress: Don't cut NIH grants
The New York State Business Council and more than a dozen chambers of commerce sent a letter today pressing the state's congressional delegation to push back against President Donald Trump's proposed cuts to National Institutes of Health grants — arguing it would be detrimental to New York communities.
Business leaders urged the state's 26 representatives to fight cutting the NIH grants, which provides over $3.5 billion to more than 250 entities across the state for some of the nation's leading biomedical, cancer and other health care research.
Two days after enacting a 25% tariff on all imports from Canada and Mexico, President Donald Trump today signed executive actions delaying the levies on products from the two countries that fall under the U.S.-Mexico-Canada Agreement until April 2.
The president had already announced that such an amendment to his orginal tariffs would apply to Mexico but not Canada in a post on Truth Social earlier in the day, saying he made the decision after speaking with Mexican President Claudia Sheinbaum.
5. The number of Americans filing for jobless benefits falls as labor market remains sturdy
Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees.
The number of Americans filing for jobless benefits fell by 21,000 to 221,000 for the week ending March 1, the Labor Department said today. That's significantly fewer than the 236,000 new applications analysts expected.
6. Wall Street tumbles as tariff whiplash and falling AI stocks drag Nasdaq 10% below its record
Wall Street’s sell-off kicked back into gear today, and a U.S. stock market rattled by the whiplash created by President Donald Trump’s tariffs and uncertainty about the economy fell sharply.
The S&P 500 tumbled 1.8% to resume its slide after a mini-recovery from the prior day clawed back some of its sharp drop over recent weeks. The Dow Jones Industrial Average dropped 427 points, or 1%, and the Nasdaq composite sank 2.6% to finish more than 10% below its record set in December.
In Case You Missed It
City to renovate Queens home of Louis Armstrong's neighbor
The city is beginning a $3.5 million renovation of the Corona, Queens home of Louis Armstrong's neighbor, Selma Heraldo. The home is next door to the Louis Armstrong Home Museum, where Armstrong lived with wife Lucille from 1943 until his death in 1971.
Heraldo’s house will be used for office and community space as part of a campus that also includes the Louis Armstrong Center across the street. NY1's Roger Clark took a tour of the property.