Plus: Booz Allen Hamilton stock dips as President Trump cracks down on federal spending. Retailers Ross Stores and Decker’s Outdoor cite uncertainties due to tariffs. Software maker Intuit reports better-than-forecast quarterly results. Ariana Aspuru hosts.
P.M. Edition for May 23. In posts on social media and statements from the Oval Office today, President Trump threatened a 50% tariff on imported goods from the European Union, as well as new duties on iPhones and other smartphones made overseas. WSJ reporter Gavin Bade joins to discuss how the EU might negotiate with the president, and whether Apple can make iPhones in the U.S. Plus, a weak bond auction earlier this week pushed some long-term bond yields higher. WSJ chief economics commentator Greg Ip digs into what’s behind this recent bond turmoil. And a judge temporarily blocked the government’s move to prevent Harvard from enrolling international students. Alex Ossola hosts.
Public corruption used to be a congressman hiding $90,000 in his freezer. Now, we have a president taking "me time" to rake in $40 million from a Chinese crypto billionaire who was facing fraud charges under POTUS 46. And that's just a drop in the bucket of some of Trump's recent haul. Of course, today's FBI will do nothing about it, and his buddies at the top of the bureau are instead focusing on celebrities who are definitely not Team Trump, or a person who posted a benign beach meme about 47. Meanwhile, the FBI has been ordered to redirect resources to deportations, raising serious questions about whether counterterrorism and counterintelligence—the agency's main priorities since 9/11—are being neglected.
Plus: Harvard sues the Trump administration over its move to block international student enrollment. Ukraine and Russia begin the biggest prisoner swap of the war. Pierre Bienaimé hosts.
Jonathan Schanzer joins the podcast to talk about efforts to combat the possible wave of anti-Jewish violence in America that might be triggered by the murders at the Capital Jewish Museum and whether the Trump administration's bludgeoning of Harvard is a wise strategy. Give a listen.
Americans hit the roads and airports for Memorial Day weekend. Trump targets international student at Harvard. DC double murder investigation. CBS News Correspondent Steve Kathan has today's World News Roundup.
The man suspected of killing two Israeli Embassy employees outside a Jewish museum in D.C. has been charged with two counts of murder, among other crimes. The Trump administration has revoked Harvard University's ability to enroll international students, sowing confusion for those who are already enrolled. Plus, the U.S. Supreme Court said President Trump can fire two members of independent agencies — for now.
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Today's episode of Up First was edited by Krishnadev Calamur, Nicole Cohen, Russell Lewis, Ally Schweitzer and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Zac Coleman and Josh Sauvagvau. Our technical director is Carleigh Strange.
Plus: Major U.S. banks explore whether to team up to issue a joint stablecoin. And Chinese automaker BYD outsells Tesla in Europe for the first time ever. Kate Bullivant hosts.
A.M. Edition for May 23. While the court said President Trump can remove independent agency leaders, the ruling found the Federal Reserve is unique, providing some relieft o investors. Plus, major U.S. banks are exploring whether to team up to issue a joint stablecoin. And as BYD beats out Tesla in European sales for the first time ever, we look at how China has been building up its high-tech industries with WSJ’s Brian Spegele. Azhar Sukri hosts.