What’s News in Markets: iPhone Tariffs, Target Backlash, Ross Stores Trade Woes
How did Trump’s latest threats hurt Apple? And how did a DEI boycott affect Target’s latest quarter? Plus, why was Ross Stores the latest company to pull its outlook? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them.
Listen: Boycotting Target: A WSJ Podcast Series
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4:48
President Trump Threatens New Tariffs on the EU and Smartphones
P.M. Edition for May 23. In posts on social media and statements from the Oval Office today, President Trump threatened a 50% tariff on imported goods from the European Union, as well as new duties on iPhones and other smartphones made overseas. WSJ reporter Gavin Bade joins to discuss how the EU might negotiate with the president, and whether Apple can make iPhones in the U.S. Plus, a weak bond auction earlier this week pushed some long-term bond yields higher. WSJ chief economics commentator Greg Ip digs into what’s behind this recent bond turmoil. And a judge temporarily blocked the government’s move to prevent Harvard from enrolling international students. Alex Ossola hosts.
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13:16
Supreme Court Blocks Trump From Firing Fed Chair
A.M. Edition for May 23. While the court said President Trump can remove independent agency leaders, the ruling found the Federal Reserve is unique, providing some relieft o investors. Plus, major U.S. banks are exploring whether to team up to issue a joint stablecoin. And as BYD beats out Tesla in European sales for the first time ever, we look at how China has been building up its high-tech industries with WSJ’s Brian Spegele. Azhar Sukri hosts.
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13:34
What’s in President Trump’s Tax Bill as it Heads to the Senate
P.M. Edition for May 22. The House passed President Trump’s sprawling tax-and-spending bill, after some last-minute changes this morning united Republican holdouts. WSJ tax policy reporter Richard Rubin talks about what made it into the bill, and what happens next. Plus, the Trump administration has blocked Harvard’s ability to enroll foreign students. And U.S. antitrust enforcers argue that large institutional investors who own shares in rival companies may be violating antitrust laws. Dave Michaels, who covers corporate law enforcement, joins to discuss what this could mean for those big institutional investors. Alex Ossola hosts.
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14:11
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
A.M. Edition for May 22. A man shouting “Free Palestine” fired shots near a Jewish museum in the U.S. capital, with President Donald Trump suggesting the killings were driven by antisemitism. Plus, WSJ’s Quentin Webb says it's a new, golden era for crypto as Bitcoin jumps to a fresh, record high. And Oasis fans look set to outspend Swifties as the British band’s summer reunion tour gears up. Azhar Sukri 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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