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The public collapse of their relationship drove down Tesla stock, and dragged on major indexes. Plus: shares of crypto firm Circle surged during its first trading day. And the parent company of Calvin Klein and Tommy Hilfiger sank after it announced a possible $65 million hit from tariffs. Danny Lewis hosts.
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Plus: The U.S. deficit collapsed in April. The European Central Bank reduces its key interest rate. Circle makes its stock market debut. And Procter & Gamble plans to cut 7,000 jobs. Alex Ossola hosts.
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Plus: The maker of Kleenex nears a roughly $3.5 billion sale of its international tissue business. And gaming fans around the world are lining up to get their hands on Nintendo’s first new console in eight years. Kate Bullivant hosts.
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A.M. Edition for June 5. President Trump is reinstating a controversial immigration policy from his first term, banning travel to the U.S. from a host of countries largely in the Middle East and North Africa. Plus, Dow Jones Newswires economics editor Paul Hannon discusses the tricky needle central bankers will need to thread as inflation concerns spike, even if that’s not yet showing up in the data. And gamers worldwide scramble to get their hands on Nintendo’s new Switch 2 console. Luke Vargas hosts.
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Google’s driverless unit, Waymo, recently hit 10 million rides. WSJ Science of Success columnist Ben Cohen says this marks a critical inflection point for robotaxis as they go from novel to normal. Plus, from the WSJ’s Future of Everything event stage, the CEO of Match Group explains how he hopes to respark younger generations’ love with dating apps. Julie Chang hosts.
Further listening:
Could Amazon’s Zoox Beat Tesla and Waymo in the Robotaxi Race?
Driverless: Waymo and the Robotaxi Race—Waymo Takes the Lead
Driverless: Waymo and the Robotaxi Race—Under the Hood
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Health savings accounts cover at least 60 million Americans. Under the tax-and-spending bill’s proposed changes, another 20 million Americans could access these accounts’ tax savings. Host Julia Carpenter talks with tax reporter Laura Saunders about the most important changes in the bill.
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Plus: Warner Bros. Discovery shareholders reject a multi- million dollar package for chief executive David Zaslov and his leadership team. And Reddit sues Anthropic saying the AI company used its data without a licensing agreement. Anthony Bansie hosts.
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P.M. Edition for June 4. Dollar General and Dollar Tree have reported bumper first-quarter earnings. WSJ reporter Suzanne Kapner joins to discuss what that shows about consumers, and about the state of the U.S. economy. Plus, the Congressional Budget Office estimates that President Trump’s tax-and-spending megabill would add $2.4 trillion to the U.S. deficit, as Republican senators are demanding changes that could alter its price tag. We hear from WSJ tax policy reporter Richard Rubin about how the bill might shift. And the Trump administration threatens Columbia University’s accreditation. Alex Ossola hosts.
What’s News in Earnings: Retailers Scramble to Respond to Tariffs
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Plus: U.S. private-sector hiring is at its slowest pace in more than two years. And Iran’s supreme leader Ayatollah Ali Khamenei rejects a U.S. nuclear deal offer. Anthony Bansie hosts.
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Plus: Automakers fear China’s rare-earth magnet export controls may halt car production within weeks. And federal regulators have moved to lift an asset cap placed on Wells Fargo back in 2018. Kate Bullivant hosts.
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