U.S. stocks climb as European Union negotiates trade deal. Plus: AT&T gains more wireless and internet subscribers than expected. Hilton Worldwide posts better-than-projected results. Earnings forecast for Texas Instruments disappoints analysts. And Google parent Alphabet’s stock takes a hit after earnings report. Charlotte Gartenberg hosts.
Plus, a probe finds that Klaus Schwab, the founder of the World Economic Forum, engaged in a pattern of misconduct. And the U.K.’s competition watchdog is proposing new guardrails on Apple and Google’s mobile platforms. Alex Ossola hosts.
CORRECTION: Home sales in June fell to a nine-month low. An earlier version of this podcast incorrectly said home sales fell to a 10-month low.
Amazon is buying an AI-powered wearable bracelet maker that records your conversations. And, AT&T adds wireless and home-internet subscribers. Ariana Aspuru hosts.
Plus: President Trump leverages global trade disputes to protect the interests of the U.S. technology sector. And, regulators investigate Morgan Stanley over whether it properly vetted its clients for money-laundering risks. Kate Bullivant hosts.
Israeli airstrikes kill at least 20 people in Gaza, including women and children, as Christian leaders call for an end to the nearly 21-month war. The Trump administration pressures Israel to conclude the conflict after a deadly church strike, while ceasefire talks in Qatar stall. Meanwhile, the U.S. announces it will leave UNESCO again, citing alleged anti-Israel bias and divisive agendas—just two years after rejoining. Erik Menendez, imprisoned for the 1989 killing of his parents, seeks early release to treat a serious medical condition ahead of a parole hearing that could test his life sentence. Meanwhile, Ghislaine Maxwell moves for prison relief from her sex-trafficking conviction as the Justice Department plans to meet with her lawyers and considers new subpoenas. Public and political pressure grows for answers in the Epstein case, even as Congress leaves Washington without voting to release more related files.
Mike Johnson, the Republican speaker of America’s House of Representatives, will dismiss the chamber early for summer to avoid an awkward vote related to Jeffrey Epstein.
Shares in retailer Kohl's jumped as investors discussed whether it was the next meme stock. Coca-Cola reported mixed quarterly results. Philip Morris quarterly revenue missed forecasts. Lockheed Martin 's quarterly profit was hit by more than $1.7 billion in charges last quarter. And, General Motors saw net income shrink 35% last quarter, as tariffs weighed. Charlotte Gartenberg hosts.
Plus: The Justice Department is looking to interview Ghislaine Maxwell, Jeffrey Epstein’s longtime associate. And Coca-Cola is giving President Trump what he wants: sweetening some of its drinks with cane sugar. Alex Ossola hosts.
High AI costs are pushing more smaller cybersecurity companies to sell. President Trump is expected to deliver a major address about winning the AI race. Ariana Aspuru hosts.