What Trump and Musk Stand to Lose as Their Partnership Crumbles
A.M. Edition for June 6. After a public falling out between the president and the world’s richest man, the Journal’s Damian Paletta and Caitlin McCabe break down the potential political and financial consequences of their high-stakes breakup. Plus, GOP Senators move to shore up funding for NASA programs threatened by budget cuts. And reporter Laurence Norman discusses his exclusive report that Iran is turning to China as it stocks up on materials for ballistic missiles. Luke Vargas hosts.
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13:58
The Trump-Musk Alliance Unravels in Real Time
P.M. Edition for June 5. President Trump and Elon Musk traded barbs today as Trump threatened to eliminate government subsidies and contracts for Musk’s businesses, while the billionaire called the president ungrateful. Plus, the U.S. trade deficit collapsed in April, with a record drop in imports. WSJ reporter Matt Grossman discusses where tariffs fit in, and whether we can expect future data to remain at similar levels. And we exclusively report that Humana, the second-biggest Medicare insurer, has told congressional staffers that it will support moves that would curtail billing practices worth billions in extra payments to the industry. We hear from Journal reporter Christopher Weaver about why the company is making such a move, and how it could affect the broader Medicare business. Alex Ossola hosts.
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14:17
Trump Bars U.S. Travel for Citizens of 12 Countries
A.M. Edition for June 5. President Trump is reinstating a controversial immigration policy from his first term, banning travel to the U.S. from a host of countries largely in the Middle East and North Africa. Plus, Dow Jones Newswires economics editor Paul Hannon discusses the tricky needle central bankers will need to thread as inflation concerns spike, even if that’s not yet showing up in the data. And gamers worldwide scramble to get their hands on Nintendo’s new Switch 2 console. Luke Vargas hosts.
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14:09
Why Americans Are Turning to Discount Stores
P.M. Edition for June 4. Dollar General and Dollar Tree have reported bumper first-quarter earnings. WSJ reporter Suzanne Kapner joins to discuss what that shows about consumers, and about the state of the U.S. economy. Plus, the Congressional Budget Office estimates that President Trump’s tax-and-spending megabill would add $2.4 trillion to the U.S. deficit, as Republican senators are demanding changes that could alter its price tag. We hear from WSJ tax policy reporter Richard Rubin about how the bill might shift. And the Trump administration threatens Columbia University’s accreditation. Alex Ossola hosts.
What’s News in Earnings: Retailers Scramble to Respond to Tariffs
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14:21
U.S. Doubles Steel, Aluminum Tariffs to 50%
A.M. Edition for June 4. President Trump’s tariffs on imported steel and aluminum jumped overnight, leading industry players to warn of price increases and potential shortages. Plus, Journal finance editor Alex Frangos discusses the Federal Reserve’s decision to lift its longstanding cap on Wells Fargo’s assets, imposed as punishment for a fake-accounts scandal. And American Clean Power Association CEO Jason Grumet weighs in on the debate over phasing out clean-energy tax credits that’s dividing some Senate Republicans. Luke Vargas 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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