Amid doubts about Washington’s commitment to defending its allies, countries in Europe and elsewhere are asking whether America’s nuclear umbrella offers enough protection from Russia and countries looking to build their arsenals, such as North Korea and Iran. WSJ reporter Laurence Norman and Marion Messmer, senior research fellow at Chatham House, discuss what might drive some countries to seek the protection of others or consider building their own nukes. Then, Debak Das, assistant professor at the University of Denver, shares the proliferation risks of a renewed arms race, and what the process of actually building a nuclear program could look like. Luke Vargas hosts.
Further Reading
Trump Prompts European Calls for a Homegrown Nuclear Umbrella
The Bomb Is Back as the Risk of Nuclear War Enters a New Age
Trump’s Embrace of Putin Has Germany Thinking of Nuclear Weapons
Iran Has Enough Highly Enriched Uranium for Six Nuclear Weapons
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Why did banks report higher profit but also warn of a recession risk? And how did President Trump’s tariff announcements affect CarMax? Plus, what caused Delta’s shares to rise? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them.
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5:52
Banks Warn of Risk to U.S. Economy Because of Tariffs
P.M. Edition for April 11. In earnings calls today, executives warned that President Trump’s tariffs were sending the U.S. economy into the unknown, hurting consumers and businesses. WSJ Heard on the Street columnist Jonathan Weil joins to discuss how banks are gauging what’s ahead. Plus, results of the latest consumer sentiment survey show that Americans have a pessimistic view of the economy, with the highest expectations for unemployment and inflation in years. And small U.S. businesses are looking to be the biggest losers in Trump’s trade war. We hear from WSJ senior special writer Ruth Simon about how they are weathering higher costs from tariffs. Alex Ossola hosts.
See How Government Spending Is Up Even as Musk Touts Savings
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13:59
China Hits U.S. Goods With 125% Tariff
A.M. Edition for April 11. Beijing unveils another round of trade countermeasures against Washington, saying its latest duties on U.S. products will make them no longer marketable in the country. Rathbones’ Ed Smith joins us to discuss how investors can prepare for the road ahead after a volatile week for markets. Plus, the WSJ’s Benoit Faucon previews high-stakes U.S.-Iran nuclear talks. And the Supreme Court orders the return of a man mistakenly deported to El Salvador. Luke Vargas hosts.
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Correction: The White House on Thursday said U.S. tariffs on China add up to 145%. An earlier version of this podcast incorrectly referenced 150% tariffs on China. (Corrected on April 11)
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13:54
U.S. Stocks Fall Sharply as Global Economic Outlook Remains Uncertain
P.M. Edition for April 10. Yesterday’s market rally gave way to declines as the impact of a trade war with China sinks in. Plus, services are a major U.S. export now being pulled into Trump’s trade wars. WSJ economics reporter Konrad Putzier joins to discuss. And the House passes a budget blueprint for President Trump’s “one big, beautiful bill.” We hear from Journal tax policy reporter Richard Rubin about what the blueprint lays out and what it leaves up for debate. Alex Ossola 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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