P.M. Edition for April 30. New data out today showed that the U.S. gross domestic product fell in its steepest decline since 2022. We hear from WSJ economics correspondent Harriet Torry about what this data, along with other metrics out today, say about the overall health of the economy. Plus, a growing number of companies are yanking their profit guidance for the coming quarter amid economic uncertainty. WSJ reporter Chip Cutter joins to discuss what this means for these companies and their investors. And a federal judge orders the release of a Columbia University student who was detained by the Trump administration. Alex Ossola hosts.
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12:41
Chinese Manufacturing Tumbles as Tariffs Bite
A.M. Edition for April 30. Chinese export orders and factory activity plummet as trade war damage begins to pile up. Plus, President Trump talks up his tariffs, even as voters’ economic concerns mount. WSJ White House reporter Alex Leary looks back on the president’s first 100 days in office. And Starbucks turns to tech to tackle unpopular in-store wait times. Luke Vargas hosts.
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13:06
U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?
P.M. Edition for April 29. In the face of rising tariffs, the country’s biggest retailers are trying everything to keep prices low. But WSJ reporter Shane Shifflett says they warn that higher prices may be difficult to avoid and that certain products could become scarce. And Amazon plays down a report that it was considering displaying the impact of tariffs during its online checkout process after President Trump called the company’s founder Jeff Bezos. Plus, BP once aimed to lead the shift to renewables. Energy reporter Matthew Dalton says it’s now doubling down on fossil fuel production in the U.S. Pierre Bienaimé hosts.Sign up for the WSJ's free What's News newsletter.
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13:19
What’s News in Earnings: Defense Contractors Thrive in Uncertain World
Bonus Episode for April 29. Every U.S. manufacturer faces increased costs because of import tariffs and other countries’ countermeasures, but those making weapons have reason to be both worried and hopeful. WSJ Investing columnist Spencer Jakab discusses with WSJ reporter Sharon Terlep what Northrop Grumman, RTX, General Dynamics, Boeing and other defense companies have reported for their first quarter earnings and what that means for the sector and the broader U.S. economy.
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8:52
Comeback Kid: Mark Carney Wins Canada Election
A.M. Edition for April 29. Former central bank governor Mark Carney leads his Liberal Party to a fourth term in office following a remarkable political turnaround. In a victory speech, Carney said Canadians were over the betrayal of Donald Trump’s tariffs, but that he was ready to negotiate with the president on new trade and security pacts. Plus, WSJ’s Stephen Wilmot says President Trump is expected to adjust planned auto tariffs so car companies aren’t hit by overlapping levies. And a new study from KPMG and the University of Melbourne finds that more people are using AI at work, despite growing distrust in the technology. 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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