P.M. Edition for Aug. 20. The president called on Federal Reserve governor Lisa Cook to resign after a housing official alleged she submitted what he called fraudulent information. Economics reporter Matt Grossman discusses how the accusations represent the latest escalation of the White House’s attacks on the central bank. And Wall Street editor Cara Lombardo reports on the billionaire Bill Ackman’s new pet project—the Alpha School makes full use of artificial intelligence while rejecting lessons on diversity, equity and inclusion. Plus, the previously undisclosed North Korean site that could store long-range ballistic missiles capable of striking the U.S. mainland. Pierre Bienaimé hosts.
Victor Davis Hanson puts the summit in historical perspective and compares Trump’s diplomacy to past U.S. presidents on today’s episode of “Victor Davis Hanson: In His Own Words.”
“ It begs the question, do you have any collective memory? The Ukraine war started when Vladimir Putin invaded the Crimea and Donbas under the presidency of Barack Obama. Remember the hot mic in Seoul, where he said, 'Tell Vladimir that if he gives me space for my last election, I'll be flexible on missile defense'? Do you remember that? He also invaded, as you remember, in Joe Biden's tenure. He tried to take Kyiv. He didn't during Donald Trump's four years.
“ All I'm asking them is, please give us an alternative strategy. How long do you wanna fight? Who is gonna fight? How many deaths, wounded are you willing to incur to push Vladimir Putin all the way back to where he was prior to the invasion of 2014, when Barack Obama allowed him to come in? Just a question.”
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Plus: Intel shares erase their earlier gains. Retail earnings reports lead to losses for Target’s stock and gains for shares of TJ Maxx’s parent company. Katherine Sullivan 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.
When New Rochelle, NY was faced with a declining population and economy, it set out on a building spree. A decade into the effort, the city – which sits just north of New York City – actually managed to keep rents down, bucking a nationwide trend. WSJ’s Rebecca Picciotto shares how New Rochelle navigated red tape and some community opposition to build thousands of new housing units. Jessica Mendoza hosts.
Market chatter about the frothiness of the AI market seems to be picking up and has hit a fever pitch with Open AI CEO Sam Altman claiming that he too sees a bubble forming. That, and earnings from retailers looking at new leadership or acquisitions to right their respective ships
Tyler Crowe, Lou Whiteman, and Rachel Warren discuss:
-Open AI CEO Sam Altman’s comments about AI bubbles
-Target and Estee Lauder under new leadership
-Home Depot and Loew’s in a race to own the building products space
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In the Gaza Strip thousands of exhausted, hungry people seek meager food at a distribution site in the north. Those lucky enough to get one of the sacks of white flour given out are called “white walkers”, a reference to zombie-like characters in the television show "Game of Thrones". But many leave empty-handed and simply seeking the food aid is dangerous and often deadly. We go to one of these sites to see the dangers hungry Palestinians will face in search of food.
You can see a short video version of this report here.
Russia is losing the war in Ukraine. More than 1 million Russian troops have been killed or injured, and it's been estimated that it would take another four years and 2 million more soldiers for Putin to conquer the Donbas region. So no, Ben Shapiro, getting Ukraine to sacrifice the region in return for some kind of security guarantee would not be a "masterstroke" for Trump. Meanwhile, red state governors sending National Guard troops to D.C. are disrupting the lives and families of those troops at back-to-school time—just to please Daddy Trump. Plus, the MAGA socialism around Intel, Dems should advise foreign countries to think twice about doing corrupt deals with Trump, and Hegseth's pull-ups don't cut it in the alpha male world he thinks he's making.
Nick Fox is the SVP of Knowledge and Information at Google. Liz Reid is the VP of Search at Google. The two join Big Technology Podcast to discuss the way Google plans and builds in the generative AI era, including how it chooses what to ship and when. We also cover publisher traffic, search monetization and ads, shopping and product research, and the near-term future of the web. Hit play for a clear, no-fluff conversation with the leaders building search’s next chapter.
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Ravi sits down with legendary war correspondent Dexter Filkins for a closer look into how drones and AI are transforming modern warfare. They explore Dexter’s recent piece in The New Yorker, Is the U.S. Ready for the Next War?, and his on-the-ground reporting in Ukraine, where $500 kamikaze drones are inflicting massive damage on Russian forces and gamified drone warfare is reshaping combat strategy.
The conversation then turns to the implications for U.S. military readiness, China’s dominance in the defense supply chain, and the rise of autonomous weaponry. Finally, they examine Israel’s use of AI in Gaza and what it reveals about the moral cost of algorithmic war.
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