Trump Orders Firing of Statistics Head After Weak July Jobs Report
P.M. Edition for Aug. 1. The jobs report, which showed sharply lower revised numbers for May and June, may open the door for the Fed to cut interest rates at its next meeting in September. WSJ finance news editor Christina Rexrode joins to discuss. Plus, software company Figma’s stock market debut yesterday saw its stock price jump 250% in its first day of trading, leaving some $3 billion on the table. We hear from Corrie Driebusch, who covers U.S. capital markets for the Journal, about why that happened. And President Trump says he will position two nuclear submarines “in the appropriate regions” in response to criticism from a former Russian leader. Alex Ossola hosts.
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14:02
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14:02
What’s News in Earnings: How Logistics Operators Are Navigating Trade War Turmoil
Bonus Episode for Aug. 1. Logistics companies that deliver the goods you use everyday are grappling with rapid shifts in freight demand due to President Trump’s trade war. Warehouse operator Prologis, trucking giant J.B. Hunt and parcel carrier United Parcel Service are also still dealing with a yearslong slump in freight demand following the pandemic. Elsewhere in the industry, railroad giants Union Pacific and Norfolk Southern plan to merge in a deal that would create the first coast-to-coast rail operator in U.S. history. WSJ reporter Esther Fung discusses what companies are saying in earnings reports and analyst calls.
Liz Young hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.Sign up for the WSJ's free Markets A.M. newsletter.
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Markets Fall on Trump’s Tariff Bonanza
A.M. Edition for Aug 1. As the deadline for many countries to clinch trade agreements expires, President Trump moves to hike levies on scores of countries, while delaying their implementation until Aug 7. WSJ finance editor Alex Frangos unpacks the ins and outs of this new trade order. Plus, WSJ data reporter Inti Pacheco takes a stroll down main street to explain how tariffs are affecting American businesses and consumers. And, Ray Dalio sells his remaining stake in Bridgewater, the hedge fund that made him a billionaire. Azhar Sukri hosts.
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14:50
As Trade Deal Deadline Looms, Could Trump’s Tariffs Be Deemed Unlawful?
P.M. Edition for July 31. As President Trump’s deadline approaches for countries to establish trade agreements, an appeals court hears arguments about whether he can use emergency powers to impose tariffs. We hear from Jess Bravin, who covers the U.S. Supreme Court for the Journal, about where the case goes from here and the implications of a decision. Plus, Microsoft has become the second company in the world to notch a $4 trillion market capitalization. WSJ technology reporter Sebastian Herrera discusses how it achieved this milestone, and which company may be next. And shares of software company Figma jump 250% in the company's stock market debut, adding fuel to an IPO comeback already under way. Alex Ossola hosts.
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13:44
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13:44
Flurry of Trade Deals Boosts Markets
A.M. Edition for July 31. Ahead of tomorrow’s deadline for reciprocal tariffs to kick in, the U.S. confirms deals with South Korea, Thailand and Cambodia, with more expected today. WSJ editors Timothy Martin and Peter Landers explain how these last-minute deals will benefit some of the world’s biggest manufacturing hubs. On the other hand, President Trump casts doubt on a Canada pact, after Ottawa said it plans to recognize a Palestinian state. And, shares of Microsoft and Meta rally in off-hours trading as ad sales and core businesses make up for huge spending on artificial-intelligence. Azhar Sukri hosts.
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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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