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Catastrophic flooding in western Washington state has the potential to be deadly, says governor. Indiana Republicans reject President Trump's redistricting push. Senate fails to advance competing Democratic and Republican measures to address health care costs.
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Federal Reserve Chair Jay Powell’s latest presser was all about the job market. Buried among the usual talking points, like hiring sentiment and the unemployment rate, was immigration. That’s because the current administration’s immigration policies are complicating Fed measures of labor market health. In this episode, falling immigration turns jobs data on its head. Plus: Robust economic growth comes without typical job creation, U.S.-China trade tensions cool, and one company teaches AI to sort your trash.
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The Trump administration is leaning into the once fringe idea of "reverse migration."
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Anthony Weiner and John Ketcham break down a Congress being flayed by its own fringes, where the "crazies" sometimes deliver the sharpest institutional critiques. They then assess Pete Hegseth and the possible release video of a lethal Caribbean boat strike, the challenges reshaping New York politics, and what it really means to govern a city you once nearly ran. Goat Grinders takes on Waymo running over a dog , taxing pet food and fare-evasion crackdowns.
Produced by Corey Wara
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The Trump administration is ramping up its efforts to derail the government of President Nicolas Maduro, which he has accused of turning Venezuela into a "drug-running regime". The leader of the country's opposition, Maria Corina Machado, travelled to Norway in secret to collect her Nobel Peace Prize. We ask if her influence could wane now that she is out of the country.
Also in the programme: intense rain is wreaking havoc on thousands of Gazans living in displacement camps; and UNESCO declares Swiss yodelling a form of Intangible Cultural Heritage.
(Photo: Nobel Peace Prize laureate Maria Corina Machado attends the opening of the official Peace Prize exhibition at the Nobel Peace Center, in Oslo. Credit: Lise Åserud / NTB)
Plus: a sharp decline in Oracle stock dragged down the Nasdaq composite. And Disney stock rises after announcing new investment and partnership with OpenAI. Danny Lewis hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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P.M. Edition for Dec. 11. Disney announces a $1 billion investment and licensing deal with OpenAI that lets users put their characters in AI-generated videos. WSJ entertainment reporter Ben Fritz discusses why Disney came to terms with OpenAI and what risks it faces. Plus, Oracle shares fall nearly 11% as investors worry the company is overspending on AI, dragging the Nasdaq down with it. And in an effort to break its dependence on China, the U.S. is developing its own critical minerals industry—and, as Journal reporter Heather Somerville explains, Silicon Valley is giving it a boost. Alex Ossola hosts.
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