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Both the Nasdaq and S&P reached new record highs. Plus: Nvidia stock hit a new record high after becoming the world’s first $4 trillion company. Copper futures and mining companies rallied after President Trump said levies on the metal will go into effect in early August. And WK Kellogg shares soared after Ferrero struck a $3 billion deal for the cereal maker. Danny Lewis hosts.
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With no record of holding a real job outside activism, music, and campaigning, Mamdani has built his political identity on class warfare, racial rhetoric, and far-Left ideology. Victor Davis Hanson breaks down the latest on Mamdani in today’s episode of “Victor Davis Hanson: In His Own Words.”
“ Barack Obama, when he was president, ordered a predator hit team on and killed [Anwar] al-Awlaki in a targeted assassination….Now we learned in 2015, years after that Obama hit on this ISIS figure, Mamdani was defending him and saying, basically, he turned radical because FBI surveilled him.
“He has some other disturbing things, as well. He posted a video on his social media of Indian Americans dressed as if they were Hasidic Jews. And they were making fun of the Hanukkah celebration. And they had a menorah there. And they were chanting, as if they were rap music. It was very derogatory toward Jews. Yet, why would he put that on his social media account?”
(0:00) Introduction to Zohran Mamdani
(0:57) Controversial Statements and Actions
(2:24) Defending Extremists
(3:47) Cultural Insensitivity and Identity Issues
(5:56) Conclusion
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P.M. Edition for July 10. Private-equity firms are using increasingly aggressive recruitment tactics to hire recent college graduates working at big banks. WSJ reporter AnnaMaria Andriotis discusses why the recruits are being wooed away and what banks are doing about it. Plus, investors are down on Google parent Alphabet as it faces threats to its business. Heard on the Street writer Asa Fitch walks us through those challenges and what they mean for the company’s future prospects. And a federal judge issues a new block on the Trump administration’s birthright-citizenship order. Alex Ossola hosts.
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Taiwan Semiconductor’s earnings beat Wall Street expectations, the housing market is picking up steam after, and TopBuild & Ferrero International go shopping.
Tyler Crowe and Matt Frankel discuss:
- Taiwan Semiconductor’s most recent earnings report
- The torrid pace of AI spending
- Lower mortgage rates are taking the cork off existing home sales and refinancing
- Insulation contractor TopBuild now does roofs.
- Ferrero International acquires WK Kellogg
- Two stocks we’re watching this earnings season
Tickers Mentioned: TSM, NVDA, RKT, HD, BLD, QXO, KLG, KO, PEP, HSY, MDLZ, K, NSRGY, PLD
Host: Tyler Crowe
Guest: Matt Frankel
Engineer: Dan Boyd
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For years, President Trump has feuded with the Federal Reserve and Chair Jerome Powell over interest rates. And now, two Republicans named Kevin (Kevin Hassett, one of Trump’s closest economic advisers and Kevin Warsh—a former Fed governor) are vying to be the next chairman of the Federal Reserve. WSJ’s Nick Timiraos takes us inside the contest for the next Fed Chair and what the President might be looking for with his choice. Jessica Mendoza hosts.
Further Listening:
- Why Trump Pushed His Tariff Deadline
- Trump 2.0: Where Is the Economy Headed?
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The European Space Agency plans to use satellite gravity data to track weakening ocean circulation systems. Rory Bingham of the University of Bristol explains how these satellites can ‘weigh’ the Earth’s water and might help resolve whether we’re approaching the climate tipping point of a shutdown of ocean circulation in the Atlantic Ocean, something we've been following for a while.
Scientists have been able to retrieve ancient proteins from fossilized tooth enamel in the Canadian High Arctic. Ryan Sinclair Paterson from the University of Copenhagen tells us how he can fill in the blanks of the molecular tree of life with these proteins from over 20 million years ago.
A few weeks ago, we discussed evidence of an impact of a massive crater in northwestern Australia from over 3 billion years ago. However, recent independent evidence from another team of geologists indicate that the size and age of this crater’s impact may not be what some had previously thought. Alec Brenner of Yale University talks us through his analysis of the geologic evidence.
Finally, we rediscover a forgotten pioneer of fusion science. Mark Cavendish discusses the research done by then-graduate student Arthur Ruhlig that helped develop the hydrogen bomb and thermonuclear physics.
Presenter: Roland Pease Producers: Imaan Moin with Alex Mansfield Production Coordinator: Jana Bennett-Holesworth
(Image: Map of North Atlantic Ocean currents, with Gulf Stream and other currents. Credit: PeterHermesFurian Via Getty Images.)
Plus: Strong growth in artificial-intelligence servers are seen pushing the overall server market to $1 trillion. And, bitcoin hits a new all-time high. Julie Chang hosts.
Programming note: Starting this week, Tech News Briefing episodes will be released on Tuesdays and Fridays, and the TNB Tech Minute will be released twice on weekdays, in the morning and afternoon.
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