Month: May 2025

P.M. Edition for May 21. In its first quarter earnings reported today, Target’s sales declined more than analysts expected and the company lowered its outlook for fiscal 2025. WSJ reporter Sarah Nassauer discusses the challenges facing Target’s business. Plus, a meeting between President Trump and South African President Cyril Ramaphosa grew tense over Trump’s unsubstantiated claims that white South Africans were the victims of a possible genocide. And a report from the Boston Fed examines potential risks of the rapidly expanding nonbank lending, which is often financed by banks. Platform editor Isaac Taylor breaks down what that means. Alex Ossola hosts.

Boycotting Target: A WSJ Podcast Series

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Placing blame for big jail break as a 5th escapee is caught. Late night session on Trump budget. The end for cheaper weight loss drugs. CBS News Correspondent Steve Kathan has today's World News Roundup.

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A.M. Edition for May 21. House GOP leaders and Republicans from high-tax states appear to be nearing an agreement on state and local tax deductions, as President Trump’s giant tax and spending deal inches toward a vote. Plus, WSJ columnist Jon Sindreu unpacks why recent volatility in the treasury market matters to more than just bond investors. And in the latest electric vehicle pull back, Ford is letting rival Nissan share its flagship U.S. battery plant. Azhar Sukri hosts.

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The latest on the president's massive tax and immigration bill as it faces continued resistance from both moderate and hardline Republicans. South African President Cyril Ramaphosa will travel to Washington next week as relations between the U.S. and South Africa are at their lowest since the end of apartheid. An NPR analysis finds that the ad hoc Department of Government Efficiency keeps finding new parts of the federal government to try to shrink.

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Today's episode of Up First was edited by Ryland Barton, Kevin Drew, Brett Neely, Tara Neill, Ally Schweitzer and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Neisha Heinis and our technical director is David Greenburg.

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