Plus: Ubisoft names two co-CEOs to lead its new Tencent-backed subsidiary. And, Estée Lauder’s new CEO makes fresh push to reach shoppers online. Julie Chang hosts.
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Plus: Ubisoft names two co-CEOs to lead its new Tencent-backed subsidiary. And, Estée Lauder’s new CEO makes fresh push to reach shoppers online. Julie Chang hosts.
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P.M. Edition for July 16. In comments from the White House today, President Trump denied that he was trying to oust Federal Reserve Chair Jerome Powell, though he raised the prospect that Powell could be removed for cause. Plus, big banks like Goldman Sachs have reported bumper earnings for the second quarter. But as Journal reporter AnnaMaria Andriotis tells us, the factors that made the quarter so strong may not continue into the next few months. And Oracle, the software company founded nearly 50 years ago, is striking big deals for artificial intelligence that’s boosting its stock price. WSJ Heard on the Street columnist Dan Gallagher joins to discuss what it would take for Oracle to become one of the biggest names in AI. Alex Ossola hosts.
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Valuations are stretched, but is it a bubble. And we discuss the latest AI and energy news, ASML’s earnings, and a surprising report from Johnson & Johnson.
(00:21) Travis Hoium, Lou Whiteman, and Rachel Warren discuss:
- Is the market in a bubble?
- Google’s $25 billion data center and energy deals
- Earnings takeaways from ASML and J&J
- Bold predictions this earnings season
Companies discussed: Brookfield Asset Management (BAM), Brookfield Renewable Partners (BEP), Johnson & Johnson (JNJ), Alphabet (GOOG, GOOGL), ASML (ASML), Palantir (PLTR), Robinhood (HOOD), Cloudflare (NET)
Host: Travis Hoium
Guests: Lou Whiteman, Rachel Warren
Engineers: Dan Boyd, Natasha Hall
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After talks with NATO allies, President Donald Trump gave Russia 50 days to broker peace with Ukraine. If they can’t make it happen, he says he’ll impose tariffs on Russian goods to ratchet up economic pressure. The move underscores Trump’s growing anger with Russian President Vladimir Putin. WSJ’s Lara Seligman unpacks the latest and explores the evolving relationship between Trump and Putin. Jessica Mendoza hosts.
Further Listening:
-Inside the Hunt for Putin’s Sleeper Agents
-How Ukraine Built a Weapon to Control the Black Sea
-Ukraine Makes a Deal With Wall Street
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According to the latest consumer price index, the reported prices of several items, including apparel and household furnishings, increased in June, suggesting some preliminary effects of the Trump administration’s tariff policies. We discuss President Donald Trump’s response calling for the Federal Reserve to lower interest rates, and why it’s so crucial to preserve an independent central bank. Then, we take a look at Missouri, where the state’s legislature and the governor overturned the outcome of a ballot initiative. What does that say about the state of public participation in the democratic process? And, we celebrate some wins from listeners about a rekindled drive to write poetry and what it means to be a good friend.
Here’s everything we talked about today:
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by Jill Osier