Why Kevin Hassett Appears to Be Trump’s Pick for the Next Fed Chair
P.M. Edition for Dec. 3. President Trump is closing in on his pick to succeed Jerome Powell as the Federal Reserve chair. WSJ’s chief economics correspondent Nick Timiraos explains why longtime Trump adviser Kevin Hassett is winning the race. A Pentagon review found that Defense Secretary Pete Hegseth violated departmental regulations with Signalgate—but the findings suggest Hegseth didn’t break the law. And WSJ’s national security reporter Lara Seligman reports on why the Pentagon is deploying new drones copied from Iran’s Shahed drones to the Middle East. Sabrina Siddiqui hosts.
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12:13
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12:13
Trump Calls Somali Immigrants ‘Garbage’
A.M. Edition for Dec. 3. President Donald Trump rails against Somali immigrants in Minneapolis, describing them in disparaging terms ahead of an expected ICE operation. Plus, Republicans pull out a victory in Tennessee’s special election – though a tighter-than-usual margin keeps Democrats fired up. And WSJ’s Matthew Luxmoore unpacks how one of Russia’s European neighbors is preparing for a possible invasion, as peace talks in Moscow fail to reach a deal to end the war in Ukraine. Caitlin McCabe hosts.
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14:37
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14:37
How Jeff Bezos’ Blue Origin Is Taking on SpaceX in the Race to the Moon
P.M. Edition for Dec. 2. Blue Origin is gaining momentum in its quest to land astronauts on the moon. WSJ’s Micah Maidenberg discusses the company’s challenge to Elon Musk’s SpaceX. And Defense Secretary Pete Hegseth defends the September strike that killed survivors of an initial attack on the alleged drug boat, but says he didn’t see the second strike. Plus, Michael Dell and his wife Susan Dell donate $6.25 billion to expand the Trump administration’s plan to provide savings accounts for young children. Sabrina Siddiqui hosts.
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11:55
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11:55
OpenAI Issues ‘Code Red’ as AI Rivals Gain Ground
A.M. Edition for Dec. 2. OpenAI declares “code red” in a memo to employees, as its lead in the AI race narrows. WSJ’s Berber Jin explains what has OpenAI CEO Sam Altman rattled and what this all means for investors. Plus, Democrats hope a tight special election in Tennessee today can flip a consistently Republican district in their favor. And, what will Disney look like without Bob Iger? WSJ entertainment reporter Ben Fritz has got the inside scoop on the top contenders jockeying to succeed him. Caitlin McCabe hosts.
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13:47
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13:47
Steve Cohen Wins Approval for One of Three New Casinos in New York City
P.M. Edition for Dec. 1. Mets owner and billionaire investor Steve Cohen gets the nod for an $8 billion hotel and casino project near the Mets’ stadium in Queens. WSJ hedge-fund reporter Peter Rudegeair discusses Cohen’s comeback and why he wants a casino by Citi Field. WSJ’s E.B. Solomont joins the show to discuss a North Carolina village where some of America’s richest people go to fly under the radar. Plus, Goldman Sachs says it’s spending about $2 billion to buy Innovator Capital Management, a company behind a kind of ETFs known as “boomer candy” for their popularity with baby boomers looking to curb the risks of investing in volatile stock markets. Sabrina Siddiqui 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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