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Plus: Tech leaders tell lawmakers that the U.S. risks falling behind China if Washington does not streamline AI policy. And President Trump considers bringing the so-called “millionaire tax” back to life. Kate Bullivant hosts.
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A.M. Edition for May 9. Chinese exports to the U.S. plunged in April as the Trump administration’s tariff assault forced the world’s second-largest economy to redirect more of its goods to other markets. Plus, President Trump resurrects a proposed ‘millionaire tax’ despite opposition from congressional Republicans. And correspondent Sune Rasmussen explains how European authorities are struggling to respond to a new generation of young extremists being radicalized online. Luke Varg as hosts.
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P.M. Edition for May 8. Who is Robert Francis Prevost, the Catholic Church’s 267th pontiff? WSJ reporter Drew Hinshaw answers that question from Vatican City. Plus: the U.S. agrees to a new trade deal with the U.K.—while the European Union draws up a list of American tariff targets. WSJ’s Kim Mackrael has the details from Brussels. And, the Federal Aviation Administration could modernize the nation’s air-traffic control system in the next few years, but Transportation Secretary Sean Duffy says Congress needs to front the funding. Victoria Craig hosts.
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The deal lays out a framework for some tariffs to be lowered or exempted. Plus: Carvana shares rise after CEO says used-car businesses won’t be as affected by import taxes. And Cardinal Robert Francis Prevost becomes the first American-born Pope. Danny Lewis hosts.
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Threat of levies on $107 billion of goods is in case negotiations fail. Plus: U.S. jobless claims fell last week, indicating labor market resilience. Molson Coors reported a drop in first-quarter net income. And Johnson & Johnson spinoff Kenvue saw Q1 earnings growth ahead of expectations. Charlotte Gartenberg hosts.
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A.M. Edition for May 8. In a first since President Trump’s ‘Liberation Day’ tariff announcements, the U.S. is expected to announce a framework of a trade deal with the United Kingdom. Correspondent Max Colchester explains that despite the likely straightforward nature of the agreement, it hints at the White House’s broader strategy. Plus, why tariff whiplash is spurring some central banks to cut rates, even as the Fed stands pat. And President Trump looks to cement his ‘Make America Healthy Again’ agenda with his pick for surgeon general. Luke Vargas hosts.
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P.M. Edition for May 7. Despite political pressure from President Trump, the Federal Reserve kept interest rates steady today. WSJ chief economics commentator Greg Ip explains how tariff uncertainty factored into their decision. And Disney seeks a foothold in the Middle East with an upcoming theme park in Abu Dhabi. WSJ entertainment reporter Ben Fritz has details on the company’s ambitions. Plus, investigations reporter Katherine Long tells us what U.S. spy agencies are after in Greenland. Victoria Craig hosts.
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Bonus Episode for May 7. Big automakers are bracing for tariffs. General Motors, Ford, Stellantis and Tesla say they’re strategizing to address possible price increases and supply-chain disruptions. Automotive regulatory reporter Ryan Felton analyzes the latest earnings results from car companies to explain what they’re doing and what it could mean for customers.
Julia Carpenter hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.
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A.M. Edition for May 7. India says it conducted military strikes on sites in Pakistan in retaliation for a deadly militant attack on tourists in Kashmir last month. Journal South Asia bureau chief Tripti Lahiri assesses the risk of the conflict intensifying. Plus, in one of the first signs of detente since the U.S. and China announced tariffs, top Trump administration officials head to Switzerland to meet with Beijing’s economic czar, with both countries facing pressure to re-engage in trade talks. And Cardinals kick off a tense election to select a new pope. Luke Vargas hosts.
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