Tesla Rises as Musk Signals DOGE Work ‘Mostly Done’
A.M. Edition for April 23. Global markets breathe a sigh of relief as President Trump signals a softer tone on China tariffs and said he isn’t planning to fire Federal Reserve Chair Jerome Powell. Plus, as Elon Musk hints that his work with the Trump administration could be coming to an end, WSJ reporter Stephen Wilmot explains what that could mean for Tesla. And federal contractors offer billions in cost cuts to win over an administration skeptical about their contributions. Luke Vargas hosts.
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13:44
U.S. Stocks Bounce Back on Hopes of Trade War De-Escalation
P.M. Edition for April 22. Major U.S. indexes rose 2.5% or more today as the Trump administration offers fresh hope for de-escalation of the president’s trade war. Plus, Tesla’s net income fell more than 70% in the first quarter as the company struggled with competitive pressure and Elon Musk’s polarizing role. And the International Monetary Fund expects slower growth for the global economy. Economics editor Paul Hannon joins to discuss why the IMF predicts that the U.S. is expected to be hit particularly hard. Alex Ossola hosts.
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13:59
India Sees a Golden Opportunity in U.S.-China Trade War
A.M. Edition for April 22. The U.S. and India agree to broad terms to negotiate a potential trade deal. WSJ’s South Asia bureau chief Tripti Lahiri says India, a country that has long frustrated foreign companies with red tape, now sees an opening to capture American investment from China. Meanwhile, Washington targets Chinese solar-product manufacturers in Southeast Asia with steep tariffs. And Harvard sues the Trump administration in an escalating battle over its funding. Luke Vargas hosts.
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13:08
‘Sell America’ Trade Picks Up After New Trump Threats on Fed
P.M. Edition for April 21. U.S. markets were on edge about President Trump's tariff war as well as his threats to fire Federal Reserve chief Jerome Powell. Stocks fell, the dollar hit fresh multiyear lows against major currencies, and yields on longer-term Treasurys rose. Plus, U.S. megabanks are built for business from all corners of the globe. Heard on the Street columnist Telis Demos says that will become tougher in a deglobalized world. And cryptocurrency is pushing deeper into the banking system; banking reporter Gina Heeb has the scoop on the crypto firms planning to apply for bank charters or licenses. Pierre Bienaimé hosts.
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14:17
Francis, Pope of Firsts, Dies at 88
A.M. Edition for April 21. The Vatican announces the death of Pope Francis, triggering what Rome-based correspondent Margherita Stancati says will be a succession process that centers on whether to continue the pontiff's progressive legacy. Plus, Defense Secretary Pete Hegseth is in hot water again after sharing detailed military plans in another Signal chat. And the Supreme Court halts the Trump administration's deportation of Venezuelan migrants under a rarely used wartime law. Luke Vargas hosts.
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Correction: An estimated $1 trillion of goods transits through the Gulf of Aden each year. An earlier version of this podcast said that was a daily figure. (Corrected on April 21)
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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