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But otherwise stocks closed mostly lower. Plus: Fed governor Christopher Waller said he would take the central bank’s top job if offered. And a surge in trading activity boosted some brokerage profits last quarter. Danny Lewis hosts.
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P.M. Edition for July 18. President Trump has called for the release of grand jury material related to the investigation of convicted sex offender Jeffrey Epstein. The move follows the publication of an article in The Wall Street Journal about a letter bearing Trump’s name that was included in a 2003 birthday album for the disgraced financier. WSJ reporter Khadeeja Safdar, who co-authored that story, talks about the reporting that went into it. Plus, President Trump has signed into law the Genius Act, which creates ground rules for stablecoins. WSJ reporter Dylan Tokar discusses why banks are worried about the cryptocurrency. And the U.S. is set to end a decades-long practice of commenting on the fairness of foreign elections. We hear from Journal reporter Robbie Gramer about why. Alex Ossola hosts.
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The Journal: Trump’s Letter to Jeffrey Epstein
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Plus: Netflix is looking to boost user engagement. Australian mining company Fortescue is rethinking its new U.S. green-energy projects due to Trump’s policies. Ariana Aspuru hosts.
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Plus: Chevron completes its purchase of Hess for $53 billion. And the EU imposes the toughest sanctions on Russia since its invasion of Ukraine. Zoe Kuhlkin hosts.
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Plus: Meta won’t sign EU’s AI code of practice. Battery-material producer shares rise as U.S. set to tariff Chinese graphite. Ariana Aspuru hosts.
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Plus: The White House succeeds in clawing back about $9 billion in foreign aid and public media funding. And CBS says it will end ‘Late Show’ in May, concluding a decadeslong run. Azhar Sukri hosts.
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A.M. Edition for July 18. The House follows the Senate in overcoming Republican opposition to pass measures rescinding public media and foreign aid funding, marking the first time a White House has accomplished clawbacks in more than a quarter-century. Plus, reporter Jenny Strasburg details how De Beers aims to revive its brand as it competes with lab-grown diamonds and a world skeptical that purity is worth the price. And reporter Austin Ramzy unpacks what the U.S. is doing to respond to China's moves to flex its military muscle far beyond its usual patch in the Pacific. Azhar Sukri hosts.
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Mustafa Suleyman is a key figure in the artificial intelligence world. He’s Microsoft AI CEO, with roots in Google’s DeepMind and Inflection AI. Suleyman recently joined WSJ columnists Christopher Mims and Tim Higgins on an episode of their Bold Names podcast. They discuss why AI assistants are central to Microsoft’s AI future, the company’s relationship with OpenAI, and what Suleyman really thinks about “artificial general intelligence.” Tech News Briefing brings you an encore of that episode.
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Investors rode along with upbeat blue-chip earnings. Plus TSMC, the world's largest contract chip maker, delivered a record profit last quarter. Shares in EV maker Lucid rocketed on the news it will collaborate on Uber's robotaxi program. United Airlines posted better-than-expected adjusted quarterly earnings. And, Insurer Elevance Health slashed its 2025 profit projection. Charlotte Gartenberg hosts.
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P.M. Edition for July 17. Legal experts are dubious that President Trump could remove Fed Chair Jerome Powell—though the president has said he isn’t planning to. But as WSJ chief economics correspondent Nick Timiraos points out, Trump’s advisers are seizing on a renovation of the Federal Reserve’s Washington, D.C. headquarters to undermine public trust in Powell. Plus, China has threatened to block the sale of two Panama Canal ports unless its state-owned shipping company can be a part of it. WSJ reporter Jack Pitcher discusses China’s leverage, and what the U.S. makes of it. And Republican lawmakers are making a surprising push to protect unauthorized immigrants. WSJ congressional reporter Olivia Beavers explains why. Alex Ossola hosts.
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