Bjarne Caesar Skinnerup works as a maritime pilot in the straits of Denmark. That means he’s used to seeing oil tankers. But after the start of the war in Ukraine, the tankers started getting weird. They were flying flags he’d never seen before. They were old, very old, though many had taken on new names. Something was off.
He’d stumbled on a shadow fleet of hundreds of tankers ferrying sanctioned oil out of Russia … with near impunity.
Today on the show, how those ships are transforming the global oil market and fueling the war in Ukraine. And why this all might be a financial and environmental disaster waiting to happen.
This episode was hosted by Alexi Horowitz-Ghazi and Daniel Ackerman. It was produced by Willa Rubin and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Kwesi Lee and Cena Loffredo. Alex Goldmark is our executive producer.
P.M. Edition for Oct. 17. In recent weeks, President Trump has been tiptoeing away from some of the tariffs that underpin his signature trade policy, saying reciprocal tariffs don’t apply to dozens of different products. We hear from WSJ trade and economic policy reporter Gavin Bade about why that’s happening. Plus, a decade ago, Walmart rattled investors with a historic pay raise for employees to $9 an hour. WSJ reporter Sarah Nassauer tells us why today the move is considered a success. Plus, in a meeting with Ukrainian President Volodymyr Zelensky at the White House today, President Trump said he’d rather end the war in Ukraine than send Tomahawks to the country. Alex Ossola hosts.
Stocks with a high short interest have outperformed the market over the past five years, but is this meme trading or a new trend in long-term investing? Plus, the crew talks about Taiwan Semiconductor’s earnings, Google’s medical AI, and the “cockroaches” that could be hiding in the market.
Travis Hoium, Lou Whiteman, and Dan Caplinger discuss:
- How highly shorted stocks and memes have outperformed the market
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Plus: American Express posted higher than expected gains. And Novo Nordisk shares drop after President Trump suggests a lower price for its weight loss drug. 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.
Plus: Goldman Sachs goes after a bigger share of the AI infrastructure financing boom with a new team. And a proxy adviser urges Tesla investors to reject a $1 trillion pay package for CEO Elon Musk. Julie Chang hosts.
How would you record a special moment? Maybe you could take a photograph, film a little video, or record some audio. We have lots of ways of recording what life LOOKS and SOUNDS like, but is the same true for the other senses? What if you wanted to record the smells that greet you on entering your favourite restaurant? Or record the way your loved ones hand feels in yours?
These are the questions on the mind of listener Aravind, from California in the USA. He wants to know if there are any ways of recording and reproducing sensory experiences like taste and smell, or physical touch.
Anand Jagatia is on the case, and is smelling, tasting, and quite literally FEELING his way to the answer. From a multi-sensory movie experience in Valencia, Spain, to the fascinating history of the pioneers of ‘scented cinema’, through to the ground-breaking “haptic technology” which is enhancing the capabilities of our sense of touch. Both for us, and for the robots which do the jobs we don’t want to.
Presenter: Anand Jagatia
Producer: Emily Knight
Editor: Ben Motley
(Photo: Woman making ASMR sounds with microphone and perfume on yellow background, closeup - stock photo. Credit: Liudmila Chernetska via Getty Images)
For decades, one of the biggest questions fueling conspiracy theories has been: is the U.S. government hiding secret knowledge of extraterrestrial life? But when the Pentagon started investigating, it uncovered a different kind of coverup. WSJ's Joel Schectman reports on what's in that investigation, and what the government ultimately decided to leave out of it. Jessica Mendoza hosts.
The administration under sticky fingers Trump is now pretending it cares about the sanctity of classified documents, while it seems that Marco Rubio is the one pushing for regime change in Venezuela. In California, the redistricting ballot measure has been seen as one of the most significant battles in the November election, but the Supreme Court may end up disrupting the Dem’s effort to retake the House next year. Plus, Democrats are winning the under-covered shutdown fight, but why is Schumer meddling in the Maine and Michigan Senate primary fights? And the right-wingers complaining about Bad Bunny are such nerd losers.
A car chase involving federal agents ends in a chaotic scene in East Chicago. Lawmakers seek transit funding solutions in Springfield. Mayor Johnson pitches a corporate head tax in his budget address.
Unpacking the recent market meltdown with Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra.
In today's Markets Outlook, Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra unpacks the $19 billion liquidation cascade that rocked the crypto markets recently. Plus, he shares the major decision his fund made in response: going all-cash—a choice that runs counter to many Q4 bullish forecasts.
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