Plus: President Trump considers sanctions on Moscow as Russia intensifies its attacks on Ukraine. And China’s industrial companies report higher profits despite trade uncertainty. Azhar Sukri hosts.
How did Trump’s latest threats hurt Apple? And how did a DEI boycott affect Target’s latest quarter? Plus, why was Ross Stores the latest company to pull its outlook? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them.
Plus: Booz Allen Hamilton stock dips as President Trump cracks down on federal spending. Retailers Ross Stores and Decker’s Outdoor cite uncertainties due to tariffs. Software maker Intuit reports better-than-forecast quarterly results. Ariana Aspuru hosts.
P.M. Edition for May 23. In posts on social media and statements from the Oval Office today, President Trump threatened a 50% tariff on imported goods from the European Union, as well as new duties on iPhones and other smartphones made overseas. WSJ reporter Gavin Bade joins to discuss how the EU might negotiate with the president, and whether Apple can make iPhones in the U.S. Plus, a weak bond auction earlier this week pushed some long-term bond yields higher. WSJ chief economics commentator Greg Ip digs into what’s behind this recent bond turmoil. And a judge temporarily blocked the government’s move to prevent Harvard from enrolling international students. Alex Ossola hosts.
Plus: Harvard sues the Trump administration over its move to block international student enrollment. Ukraine and Russia begin the biggest prisoner swap of the war. Pierre Bienaimé hosts.
Plus: Major U.S. banks explore whether to team up to issue a joint stablecoin. And Chinese automaker BYD outsells Tesla in Europe for the first time ever. Kate Bullivant hosts.
A.M. Edition for May 23. While the court said President Trump can remove independent agency leaders, the ruling found the Federal Reserve is unique, providing some relieft o investors. Plus, major U.S. banks are exploring whether to team up to issue a joint stablecoin. And as BYD beats out Tesla in European sales for the first time ever, we look at how China has been building up its high-tech industries with WSJ’s Brian Spegele. Azhar Sukri hosts.
Plus: MNTN and Hinge Health rise post-IPO. Advance Auto Parts shares soar on better-than-expected quarterly results. Fannie Mae and Freddie Mac shares jump after President Trump teases taking the mortgage giants public. Ariana Aspuru hosts.
P.M. Edition for May 22. The House passed President Trump’s sprawling tax-and-spending bill, after some last-minute changes this morning united Republican holdouts. WSJ tax policy reporter Richard Rubin talks about what made it into the bill, and what happens next. Plus, the Trump administration has blocked Harvard’s ability to enroll foreign students. And U.S. antitrust enforcers argue that large institutional investors who own shares in rival companies may be violating antitrust laws. Dave Michaels, who covers corporate law enforcement, joins to discuss what this could mean for those big institutional investors. Alex Ossola hosts.
Plus, U.S. home sales fell in April, hitting the slowest sales pace for that month since 2009. And the Supreme Court blocks state funding for religious charter schools. Alex Ossola hosts.