WSJ What’s News

P.M. Edition for April 17. In a post on social media and in comments from the Oval Office, President Trump expressed his displeasure with Fed Chair Jerome Powell. But can Trump actually fire him? WSJ chief economics commentator Greg Ip discusses an upcoming Supreme Court decision that might tilt the scales. Plus, a federal judge has ruled that Alphabet’s Google created an illegal monopoly that allowed it to control parts of the online advertising industry. And private equity, one of Wall Street’s most consistent fee generators, is in danger. Reporter Miriam Gottfried tells us what’s going on, and what it would take to get private equity back on track. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 17. Chip giant TSMC beat quarterly earnings estimates today, posting a 60% jump in profits. But can the stars of the semiconductor industry sustain their momentum as Washington limits what can be exported to China and mulls new chip tariffs? UBS head of Taiwan research Randy Abrams weighs in. Plus, Japan and Italy try to find common ground with the White House on trade. And WSJ markets reporter Chelsey Dulaney explains why the dollar’s recent slide is becoming the rest of the world’s problem. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 16. Federal Reserve Chair Jerome Powell warned today that the central bank could face difficult trade-offs in trying to cushion the U.S. economy from the fallout of President Trump’s trade war. His comments deepened a rout on tech stocks, fueled by trade restrictions on chipmaker Nvidia. We speak to WSJ Heard on the Street columnist Asa Fitch about what the rules mean for the company’s relationship with Wall Street. And research projects go on pause at Harvard after the Trump administration said it would stop more than $2 billion in federal grant money. WSJ science reporter Nidhi Subbaraman discusses the implications for researchers and the university writ large. Alex Ossola hosts. How Harvard Ended Up Leading the College Fight Against Trump Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 16. The Trump administration intends to use tariff negotiations with more than 70 countries to push them to limit China’s involvement in their economies. WSJ Southeast Asia bureau chief Gabriele Steinhauser discusses how that is likely to go over in countries used to balancing relations with Washington and Beijing. Plus, reporter Benoît Morenne explains how tariffs are rippling through energy markets. And a federal judge demands answers from the government about a wrongfully deported Maryland man, setting up the biggest test yet of judges’ authority to rein in the administration’s actions. Luke Vargas hosts. Check out our special series on how China’s trillion-dollar infrastructure plan is challenging the West. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 15. The Task Force to Combat Anti-Semitism is a cross-government group with unprecedented leverage to push for change at elite U.S. universities. WSJ higher education reporter Sara Randazzo tells us about the group, and how universities are responding to it. Plus, Beijing has told Chinese airlines not to place new orders with Boeing, the U.S.’s largest exporter. We hear from WSJ Heard on the Street columnist Jon Sindreu about what this means for Boeing’s business. And big-bank earnings for the first quarter showed that U.S. consumer spending remained resilient, despite economic uncertainty. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 15. The Trump administration freezes billions in funding for Harvard University, after the school said it would resist demands to change its governance structure over antisemitism concerns. Plus, confusion in Detroit as automakers struggle to claim tariff relief on U.S.-sourced products. And Chinese leader Xi Jinping heads overseas, pitching stability to Asian countries facing high reciprocal tariffs from Washington. WSJ reporter Austin Ramzy explains what Beijing can realistically offer amid broader trade tensions. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 14. The U.S. administration is backing away from cases involving foreign bribery, public corruption, money laundering and crypto markets. WSJ reporter Dave Michaels says the administration is effectively redefining what business conduct constitutes a crime. And WSJ reporter Peter Grant says Trump’s appetite for tariffs is threatening a post-Covid bounce for the U.S. office space market. Plus, what’s at stake for Meta Platforms—which owns Instagram and WhatsApp—in its antitrust trial brought by the Federal Trade Commission. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 14. Global stocks rise after a Friday filing showed that smartphones, computers and other categories of tech products will be exempt from sweeping tariffs imposed earlier this month. WSJ markets reporter Caitlin McCabe surveys how equities are responding. Plus, data news editor Anthony DeBarros breaks down the Journal’s latest survey of economists, which featured an unusual lack of consensus about future U.S. growth prospects. And a Trump official who oversaw the closure of USAID has left the State Department. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Amid doubts about Washington’s commitment to defending its allies, countries in Europe and elsewhere are asking whether America’s nuclear umbrella offers enough protection from Russia and countries looking to build their arsenals, such as North Korea and Iran. WSJ reporter Laurence Norman and Marion Messmer, senior research fellow at Chatham House, discuss what might drive some countries to seek the protection of others or consider building their own nukes. Then, Debak Das, assistant professor at the University of Denver, shares the proliferation risks of a renewed arms race, and what the process of actually building a nuclear program could look like. Luke Vargas hosts. Further Reading Trump Prompts European Calls for a Homegrown Nuclear Umbrella The Bomb Is Back as the Risk of Nuclear War Enters a New Age Trump’s Embrace of Putin Has Germany Thinking of Nuclear Weapons Iran Has Enough Highly Enriched Uranium for Six Nuclear Weapons Learn more about your ad choices. Visit megaphone.fm/adchoices

Why did banks report higher profit but also warn of a recession risk? And how did President Trump’s tariff announcements affect CarMax? Plus, what caused Delta’s shares to rise? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 11. In earnings calls today, executives warned that President Trump’s tariffs were sending the U.S. economy into the unknown, hurting consumers and businesses. WSJ Heard on the Street columnist Jonathan Weil joins to discuss how banks are gauging what’s ahead. Plus, results of the latest consumer sentiment survey show that Americans have a pessimistic view of the economy, with the highest expectations for unemployment and inflation in years. And small U.S. businesses are looking to be the biggest losers in Trump’s trade war. We hear from WSJ senior special writer Ruth Simon about how they are weathering higher costs from tariffs. Alex Ossola hosts. See How Government Spending Is Up Even as Musk Touts Savings Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 11. Beijing unveils another round of trade countermeasures against Washington, saying its latest duties on U.S. products will make them no longer marketable in the country. Rathbones’ Ed Smith joins us to discuss how investors can prepare for the road ahead after a volatile week for markets. Plus, the WSJ’s Benoit Faucon previews high-stakes U.S.-Iran nuclear talks. And the Supreme Court orders the return of a man mistakenly deported to El Salvador. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 10. Yesterday’s market rally gave way to declines as the impact of a trade war with China sinks in. Plus, services are a major U.S. export now being pulled into Trump’s trade wars. WSJ economics reporter Konrad Putzier joins to discuss. And the House passes a budget blueprint for President Trump’s “one big, beautiful bill.” We hear from Journal tax policy reporter Richard Rubin about what the blueprint lays out and what it leaves up for debate. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 10. Relief sweeps through global markets after President Trump blinked on reciprocal tariffs yesterday, even as the U.S. and China hurtle toward an all-out trade showdown. China bureau chief Jonathan Cheng explains Beijing’s options as it prepares to hit the U.S. where it hurts. Plus, the U.S. and Russia complete a prisoner swap. And Kyiv claims more than 150 Chinese citizens are fighting alongside Russian troops in Ukraine. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 9. U.S. stocks stage a furious rally after Trump announces a 90-day pause on reciprocal tariffs. WSJ investing columnist Spencer Jakab discusses the market reaction, and markets reporter Ryan Dezember breaks down what the tariff pause means in practice, as China was a big exception to the pause, with Trump saying the tariff rate on Chinese goods was now 125%. And, no matter what the tariff rate is, putting new levies into practice will make the act of importing much more complicated. Liz Young, who covers logistics and the supply chain for the Journal, walks us through how it works. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 9. As U.S. tariffs targeting nearly 100 nations take effect, WSJ reporters Jason Douglas and Kim Mackrael explain how America’s trade partners are responding to the levies, including a 104% tariff on China. Plus, markets reporter Chelsey Dulaney breaks down an intensifying selloff in usual safe haven U.S. Treasurys. And President Trump vows to bring back the declining U.S. coal industry. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 8. U.S. stocks gyrated today but ultimately ended down as investors’ hopes for tariff resolution turned out to be unfounded. WSJ markets reporter Jack Pitcher walks us through what happened. Plus, investors looking for a guide to trading in turbulent times are turning to a book first published in 1997. Kevin Dugan, who covers business culture for the Journal, talks about why it is still resonating with investors. And Journal reporter Peter Grant discusses the potential impact of President Trump’s tariff blitz on the coastal industrial-property sector. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: BlackRock’s Panama Canal deal is dealt a blow by the country’s top auditor. And Ukraine says it has captured two Chinese citizens fighting for Russia. Anthony Bansie hosts.Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 8. Beijing pledges more countermeasures if President Trump follows through on a threat for an additional 50% tariff on Chinese goods. Despite signs of an intensifying trade war, the WSJ’s Alex Frangos explains why global equities are regaining ground today. Plus, the U.S. and Iran plan high-stakes nuclear talks. And correspondent Kejal Vyas takes us to the U.S.-Mexico border as the normally-bustling frontier braces for new trade barriers. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 7. Amrith Ramkumar, who covers tech policy for the Journal, discusses how President Trump’s tariffs risk undercutting his goals of curbing inflation, supporting U.S. manufacturing and boosting a build-out of AI data centers. Plus, Trump threatens China with an additional 50% levy if Beijing doesn’t withdraw its retaliatory tariff by tomorrow. And U.S. markets went on a wild swing that added—and then erased—more than $2 trillion in value in a matter of minutes. WSJ markets reporter Hannah Erin Lang walks us through what happened. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices