What’s News in Markets: Occidental Petroleum Wobbles, Tesla Gains, Bumble Soars
How did the Middle East conflict affect Occidental Petroleum stock? And what did Tesla’s robotaxi launch mean for its shares? Plus, why investors cheered Bumble’s cost-cutting. Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
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5:51
The Supreme Court Limits Judges’ Power Against Trump’s Executive Orders
P.M. Edition for June 27. On the back of a case brought about President Trump’s efforts to curtail birthright citizenship, the U.S. Supreme Court narrowed judges’ ability to issue nationwide injunctions against White House policies. WSJ Supreme Court reporter Jess Bravin joins to discuss where that leaves challenges to President Trump’s executive orders. Plus, President Trump says he is ending all trade talks with Canada, sending U.S. markets down from record highs this morning. Journal markets reporter Krystal Hur explains how they got there. And Jeff Bezos and Lauren Sánchez get married in a three-day Venetian wedding extravaganza. Alex Ossola hosts.
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13:45
Markets Near Record Highs as U.S., China Sign Trade Deal
A.M. Edition for June 27. The White House says the U.S. and China have signed a trade deal struck last month, with China agreeing to speed up delivery of rare-earth minerals. WSJ reporter Kim Mackrael says a trade deal with the EU is also taking shape, and could see the bloc lower tariffs on U.S. imports in order to woo President Trump. And Rachel Wolfe explains why a pullback in spending by young Americans is making some retailers nervous. Luke Vargas hosts.
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12:32
How The Israel-Iran War Is Reordering the Middle East
P.M. Edition for June 26. With a weakened Iran and a strengthened Israel, Middle Eastern countries are re-evaluating their diplomatic ties. We hear from WSJ foreign correspondent Stephen Kalin about whatt his means for the region and its economy. Plus, oil companies are urging President Trump to push back on the European Union’s environmental rules. Reporter Collin Eaton discusses the influence that oil companies have in President Trump’s second term. And, after more than three decades, Anna Wintour steps down as editor in chief of American Vogue. Alex Ossola hosts.
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12:47
Trump Weighs Naming Next Fed Chair Early to Undermine Powell
A.M. Edition for June 26. The dollar sags on news President Trump could name his pick to replace Fed chair Jerome Powell almost a year before his term ends. WSJ finance editor Alex Frangos explains how markets might view such a move. Plus, a new vaccine panel selected by Robert F. Kennedy Jr. starts re-examining shot advice for kids. And WSJ reporter Chelsey Dulaney details how Ireland’s pharma dominance has put it in Trump’s tariff crosshairs. 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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