Plus: South Korean tech stocks rise after national conglomerates pledge billions in domestic investments. And a venture firm that exclusively invests in legal tech companies closes its second fund. Julie Chang hosts.
Is U.S. manufacturing driving off a cliff or into the sunset—and taking the economy with it? Look no further than sales of heavy trucks. Trucking companies buy more of these big rigs when they expect they will have more stuff to ship, so declines in heavy truck sales often match up to economic contractions dating back to the 1960s. Now the data show that sales have been going downhill since 2023, falling off more dramatically since June of this year. Host Alex Ossola talks with Bob Tita, who covers manufacturing for The Wall Street Journal, and Avery Vise, vice president of trucking for data analysis and forecasting firm FTR Transportation Intelligence, about what that says about this moment in the economy, and what might be clouding the picture.
Plus: Johnson & Johnson agrees to acquire Halda Therapeutics for just over $3 billion. And Federal Reserve Governor Philip Jefferson says the Fed should proceed slowly with any further interest rate cuts. Zoe Kuhlkin hosts.
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.
Plus: Prosus expects Tencent to drive earnings growth. And Johnson & Johnson agrees to buy Halda Technologies for just over $3 billion. Zoe Kuhlkin hosts.
Plus, the Federal Aviation Administration lifts flight restrictions stemming from the government shutdown. And tech stocks rise in South Korea after the country’s largest conglomerates pledged billions of dollars in new domestic investments. Kate Bullivant hosts.
Gen Z and Millennials are tightening their purse strings, and the first businesses on the chopping block are fast-casual dining spots. The usual fan favorites like Chipotle, Sweetgreen and Cava are suddenly falling out of favor with young American consumers. WSJ reporters Heather Haddon and Matt Grossman discuss how these companies are responding, and what this shift says about the broader economy. Caitlin McCabe hosts.
What beefy problems were Tyson and vegan alternative Beyond Meat dealing with this week? And what sent tech stocks sliding this week? Plus, how did two media giants fare while a potential deal for some or all of Warner Bros. Discovery continues to unfold? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
What beefy problems were Tyson and vegan alternative Beyond Meat dealing with this week? And what sent tech stocks sliding this week? Plus, how did two media giants fare while a potential deal for some or all of Warner Bros. Discovery continues to unfold? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
P.M. Edition for Nov. 14. Walmart CEO Doug McMillon is stepping down after more than a decade at the helm, and longtime executive John Furner will take his place. WSJ reporter Chip Cutter discusses how McMillon reshaped the U.S.’s biggest private employer, and what it means for its strategy with Furner in the top spot. Plus, how does online retailer Quince seem to always have what you’re looking for? Chavie Lieber, who covers fashion and culture for the Journal, goes inside the company’s strategy and how it’s able to sell high fashion “dupes” at a fraction of the price. And the U.S. has struck a trade deal with Switzerland after a charm offensive from the country’s business executives that lowers the tariffs on Swiss goods from 39% to 15%. Alex Ossola hosts.