For years, President Trump has feuded with the Federal Reserve and Chair Jerome Powell over interest rates. And now, two Republicans named Kevin (Kevin Hassett, one of Trump’s closest economic advisers and Kevin Warsh—a former Fed governor) are vying to be the next chairman of the Federal Reserve. WSJ’s Nick Timiraos takes us inside the contest for the next Fed Chair and what the President might be looking for with his choice. Jessica Mendoza hosts.
Further Listening:
- Why Trump Pushed His Tariff Deadline
- Is the Economy…OK?
- Trump 2.0: Where Is the Economy Headed?
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22:47
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22:47
The Healthcare Costs of Trump’s Big Beautiful Bill
President Trump’s megabill cuts over $1 trillion in healthcare spending over the next decade, mainly from Medicaid. Experts project nearly 8.7 million fewer people covered by Medicaid, and hospitals face reduced payments and higher costs. WSJ’s Dominique Mosbergen reports on the bill’s historic cuts. Annie Minoff hosts.
Further Listening:
- How Trump’s Megabill Squeaked Through the Senate
- Can the GOP Unite Around Trump's 'Big, Beautiful Bill'?
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20:47
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20:47
Why Trump Pushed His Tariff Deadline
When President Trump paused most of his “Liberation Day” tariffs for 90 days last spring, the administration had hoped to cut dozens of trade deals. As trade advisor Peter Navarro put it, there could be "90 deals in 90 days." But as Trump’s deal deadline approached, it became clear that the administration’s deal-making push has hit some snags, resulting in only a handful of agreements with the UK, China, and Vietnam. This week, Trump extended his deadline to August 1st and sent public letters to many U.S. trading partners. WSJ’s Gavin Bade explains the sticking points that have gotten in the way of “90 deals in 90 days.” Annie Minoff hosts.
Further Listening:
- Trump's Plan B After Trade Court Setback
- Inside the Surprise U.S.-China Trade Deal
- Taking Stock of the 'Sell America' Trade
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19:03
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19:03
AI Is Coming for Entry-Level Jobs
Artificial intelligence is shaking up business in a big way, and recent college graduates are feeling the pinch. WSJ’s Chip Cutter explores the new corporate philosophy emerging around hiring and explains how the promise of artificial intelligence is putting entry-level jobs on the chopping block and less experienced applicants may be forced to pivot. Jessica Mendoza hosts.
Further Listening:
- The Company Behind ChatGPT
- The Hidden Workforce That Helped Filter Violence and Abuse Out of ChatGPT
- OpenAI’s Weekend of Absolute Chaos
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19:11
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19:11
Why Meta Is Offering $100 Million for AI Geniuses
In the battle for AI supremacy, Meta’s models have lagged. Now CEO Mark Zuckerberg is racing to hire new AI talent to close the gap with rivals. He’s dangling huge pay packages to lure experts away from OpenAI, Google, and Anthropic. WSJ’s Meghan Bobrowsky explains how Meta’s AI efforts fell short, and who will be joining the company’s new “Superintelligence Labs” to turn things around. Annie Minoff hosts.
Further Listening:
-The Battle Within Meta Over Chatbot Safety
-Why the New Pope Is Taking on AI
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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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