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What do investors think of Kraft Heinz’s plan to split its business in two? And how is Macy’s turnaround affecting its stock? Plus, Tesla shareholders will be voting on CEO Elon Musk’s potential $1 trillion pay package, so how are they viewing it right now? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
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P.M. Edition for Sept. 5. The latest jobs report fell far short of expectations—raising new questions about the strength of the U.S. labor market. WSJ economics reporter Rachel Ensign tells us how the Federal Reserve might respond. Plus, federal agents swept a Georgia Hyundai battery plant, arresting hundreds in an immigration raid. WSJ Korea bureau chief Tim Martin joins to discuss what this means for the future of the South Korean company in the U.S. Finally, Tesla’s board is seeking investor approval for a pay package worth as much as $1 trillion in stock for CEO Elon Musk. WSJ business reporter Theo Francis lays out the details of this potential pay deal. Alex Ossola hosts.
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Hopes for an interest-rate cut rise. Plus: Lululemon slashes sales outlook. And shares of the maker of Tylenol react to expected RFK Jr. report. Katherine Sullivan 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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Plus: Google fined $3.5 billion by EU over ad-tech business. OpenAI and Broadcom strike a $10 billion deal to develop custom AI chips. Julie Chang hosts.
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Plus: Tesla’s board proposes a new pay package for CEO Elon Musk that could be worth as much as $1 trillion over a decade. And U.K. Deputy Prime Minister Angela Rayner resigns over a tax issue. Alex Ossola 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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Plus: Chinese robotics company Geekplus Technology weighs second listing in China. And tech leaders praise President Trump at White House dinner. Julie Chang hosts.
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Plus: The U.S. is preparing to start renegotiating the USCMA trade deal, with public consultations set to begin as soon as this week. And, jobs Friday shapes up to be a pivotal one for markets. Azhar Sukri hosts.
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A.M. Edition for Sept. 5. Analysts expect further weakening in the labor market. As WSJ economics reporter Justin Lahart explains, that’s raising concerns about the U.S. economy stalling out. Plus, tech titans including Mark Zuckerberg, Bill Gates and Tim Cook praise President Trump’s focus on innovation and AI at a White House dinner. And goodbye Department of Defense, as Trump moves to rename the Pentagon. Azhar Sukri hosts.
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Elon Musk is fighting with Apple again, claiming in an antitrust lawsuit that the company’s App Store policies damage his own xAI business. WSJ columnist Tim Higgins says Musk’s suit demonstrates why AI is unlikely to make smartphones irrelevant anytime soon, despite the hopes of other tech gurus like Mark Zuckerberg. Plus: Writer Heidi Mitchell explains some new tools that make smartphones better at helping you avoid spam calls and fraud. Patrick Coffee hosts.
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P.M. Edition for Sept. 4. Health Secretary Robert F. Kennedy Jr. faced a skeptical Senate committee during a hearing today. WSJ national politics reporter Sabrina Siddiqui joins to discuss the impact of the at times combative hearing. And the Justice Department opens a criminal investigation into Fed governor Lisa Cook. We hear from Brian Schwartz, who covers White House economic policy for the Journal, about what the investigation means for the Fed. And some of the biggest corporate deals of the year… are breakups. WSJ lead deals reporter Lauren Thomas discusses why some companies are splitting up, and what impact that might have. Alex Ossola hosts.
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