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Plus: Ford is to let rival Nissan use part of its flagship U.S. battery plant, as electric vehicle demand slows. And a new report by the International Energy Agency finds China continues to dominate the global supply of critical minerals. Kate Bullivant hosts.
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A.M. Edition for May 21. House GOP leaders and Republicans from high-tax states appear to be nearing an agreement on state and local tax deductions, as President Trump’s giant tax and spending deal inches toward a vote. Plus, WSJ columnist Jon Sindreu unpacks why recent volatility in the treasury market matters to more than just bond investors. And in the latest electric vehicle pull back, Ford is letting rival Nissan share its flagship U.S. battery plant. Azhar Sukri hosts.
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Four out of the Magnificent Seven tech stocks fell today. Plus: Home Depot shares tick down despite quarterly sales rising more than expected. And shares of Arc’teryx and Salomon parent Amer Sports surge after strong quarterly results and raised guidance. Danny Lewis hosts.
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P.M. Edition for May 20. Google is adding an AI chatbot feature to its iconic search page, allowing it to more closely rival competitors like ChatGPT. WSJ reporter Katherine Blunt discusses Google’s parent, Alphabet, plans to bet even bigger on artificial intelligence. Plus, despite the fear of an immigration crackdown from the Trump administration, many workers without legal status are still going to work. Paul Kiernan, who covers the U.S. economy for the Journal, joins to talk about why that is, and what it means for industries dependent on migrant labor. And President Trump pressures Republican dissenters in the House to drop their objections to his tax and spending bill which could go on vote as early as tomorrow. Alex Ossola hosts.
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Plus: Elon Musk says he plans to cut political spending. And Home Depot says it’s holding the line on prices despite tariffs. Charlotte Gartenberg hosts.
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A.M. Edition for May 20. Republican leaders plan to meet with President Trump Tuesday morning in order to shore up support for their tax bill, ahead of a potential House vote on Wednesday. Plus, an administration u-turn means construction of a massive wind farm in New York is back on. And WSJ reporter Te-Ping Chen explains how some companies in the trades sector are targeting high-school students to fill staff shortages. Azhar Sukri hosts.
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Plus: Construction on a big wind project off New York’s coast is back on, after an abrupt about-face by the Trump administration. And Biotech firm Regeneron has agreed to buy 23andMe out of bankruptcy for $256 million dollars. Kate Bullivant hosts.
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The major indexes ticked up for the first trading day since Moody’s Ratings downgraded the U.S.’s credit rating on Friday. Investors are also getting nervous about President Trump’s tax bill as it advances through congress. Plus: UnitedHealth Group notched its second day of gains in a row. Danny Lewis hosts.
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P.M. Edition for May 19. To meet their self-imposed deadline of Memorial Day, House Republicans are facing a tug of war over spending cuts. Siobhan Hughes, who covers Congress for WSJ, discusses the major points of contention and where the bill goes from here. Plus, President Trump wants the U.S. to be a manufacturing powerhouse, even though hundreds of thousands of manufacturing jobs are currently unfilled. We hear from Journal economics reporter Chao Deng about what makes those jobs less appealing to workers, and what manufacturers are doing to try to woo them. And the U.S. Supreme Court allows the Trump administration to strip Venezuelan migrants of their legal status. Alex Ossola hosts.
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Plus: Commerce Secretary Howard Lutnick is handing ownership of Cantor Fitzgerald, the Wall Street firm he ran for over three decades, to his children. And Regeneron Pharmaceuticals is buying 23andMe out of bankruptcy, raising privacy concerns. Charlotte Gartenberg hosts.
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