Is the Economy Getting Better or Worse? The Fed Says It's Hard to Tell
On Wednesday, the Federal Reserve announced a highly anticipated quarter-point cut to interest rates. But the road to future rate cuts is pretty murky. WSJ’s Nick Timiraos explains how missing government data is obscuring the Fed’s view of the economy, and why Fed Chair Jerome Powell says a December rate cut is “not a foregone conclusion.” Ryan Knutson hosts.
Further Listening:
- The Government Shutdown: Who Will Blink First?
- The Drama at the Fed as It Debates Cutting Rates
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18:38
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18:38
Why GM Is Slamming the Brakes on EV Ambitions
In 2021, GM and its CEO Mary Barra announced a bold plan to go all electric by 2035. But falling consumer demand and shriveling government support has undermined GM’s electric plans. Now, as Sharon Terlep reports, GM has gone from one of the industry’s loudest EV champions to a leading opponent of government emissions rules and fuel-economy standards. Ryan Knutson hosts.
Further Listening:
-What Happened to GM’s All-Electric Bet?
-Tesla Has a Problem: Elon MuskSign up for WSJ’s free What’s News newsletter.
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17:01
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17:01
Smucker, Trader Joe's and a Battle Over PB&Js
J.M. Smucker is suing Trader Joe's over trademark infringement, accusing the company of copying its pre-made Uncrustables peanut-butter and jelly sandwiches. WSJ’s Jesse Newman explores the battle over PB&Js is part of a broader anxiety for Big Food over the rise of private-label products. Ryan Knutson hosts.
Further Listening:- Food Fight: PepsiCo vs. Carrefour- Kraft Heinz’s Big BreakupSign up for WSJ’s free What’s News newsletter.
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17:49
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17:49
Missing Billions and a Secretive CEO: The First Brands Bankruptcy
Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, declared bankruptcy last month. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s Alexander Gladstone says the bankruptcy is having an impact on the company’s lenders and on Wall Street. Ryan Knutson hosts.
Further Listening:
- Trump’s Tariffs Cause Chaos in Auto Industry
- How Spirit Airlines Landed in Bankruptcy
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18:06
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18:06
Why Is the U.S. Giving Billions to Argentina?
Argentinians go to the polls this Sunday in the first major test of their leader, Javier Milei. Voters appear to be losing faith in his bold economic vision to resuscitate the country’s ailing economy. But Milei has a secret weapon: a close relationship with President Trump. WSJ’s Ryan Dubé explains why the U.S. government is bailing out Argentina. Jessica Mendoza hosts.
Further Listening:
-Argentina’s New President Takes A Chainsaw to the Country’s Government
-The Bean at the Center of the Trade War
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The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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