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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14:48
Countries Negotiating With Trump Over Tariffs Turn to Goldman Sachs
P.M. Edition for April 28. As countries scramble to appease President Trump over tariffs, they are turning to Goldman Sachs for guidance. WSJ reporter AnnaMaria Andriotis joins to discuss what advice the nations are getting. Plus, President Trump has taken aim at universities in recent months; now, a number of elite universities are banding together to resist his actions. We hear from WSJ higher education reporter Doug Belkin about how they are going about it. And President Trump is set to sign an executive order that would create a nationwide list of sanctuary cities and states in an effort to target Democratic jurisdictions that don’t cooperate with immigration enforcement. Alex Ossola hosts.
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13:29
China’s Huawei Develops New AI Chip to Rival Nvidia
A.M. Edition for April 28. Huawei is developing a new AI chip that aims to rival high-end offerings from U.S. semiconductor giant Nvidia. WSJ tech reporter Liza Lin says that although Huawei's Ascend 910D chip is still in the early stages of development, it shows the resilience of China’s semiconductor industry. Plus, Canadians head to the polls to decide the country’s next leader amidst economic turbulence and outside pressure from President Trump over trade and security. And elite universities form a private collective to push back against the White House. 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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