WSJ What’s News

Finance editor Alex Frangos discusses the Justice Department's investigation into Federal Reserve Chair Jerome Powell, viewing it as a serious challenge to the Fed’s independence. He analyzes market reactions, including a dip in the dollar and surge in gold prices. Frangos also explores how the probe could affect potential successors and future political dynamics within the Fed. Additionally, the podcast touches on President Trump's comments about intervening in Iran and his push for capping credit card interest rates, revealing broader economic concerns and strategies.

Natalie Andrews, a White House correspondent for The Wall Street Journal, and Damian Paletta, the Washington coverage chief, share insights on President Trump's ambitious agenda for 2026. They discuss the upbeat White House sentiment regarding affordability and the risks Trump faces in the 2026 midterms. Tariffs remain a pressing issue, with concerns over rising consumer prices. The duo explores the administration's engagement in corporate affairs and immigration tactics, as well as the potential impact of Venezuela's political changes on migration.

Discover how American oil companies are adapting to recent U.S. actions in Venezuela. Find out why Constellation Brands' investors are pleased despite a dip in beer sales. Explore Eli Lilly's $1 billion acquisition of Ventix and its potential to enhance its autoimmune treatment offerings. Plus, get insights on the rally in defense stocks driven by budget discussions and production deals.

Joining the discussion are Harriet Torry, an economics correspondent focusing on U.S. labor markets, and Kejal Vyas, a reporter covering Venezuela's energy issues. They explore how the U.S. potentially taking 50 million barrels of Venezuelan oil could revive the nation's economy, contingent on various conditions. Kejal highlights the need for secure sales and timely financial transfers to assist Venezuelans. Harriet also discusses the implications of weak job growth in the U.S. and its impact on Federal Reserve policies.

Tensions rise in Portland after U.S. Border Patrol shoots two people during a traffic stop. Meanwhile, the House pushes through legislation to extend healthcare subsidies, defying Republican leaders. In the food sector, new dietary guidelines threaten major processed food companies, pushing them to reconsider their recipes. The protein trend is benefiting producers in the dairy and meat sectors, while Saudi Arabia takes a surprising step by allowing alcohol sales for select residents. It's a whirlwind of news shaping our world!

Joe Barrett, a national affairs reporter for The Wall Street Journal, shares insights on the intense protests ignited by police violence in Minneapolis. He discusses community fears about ICE presence and local sentiments following the shooting of Renee Nicole Good. Additionally, the conversation touches on Geely's ambitious plans for expansion into the U.S. car market, highlighting the political and logistical hurdles the Chinese automaker may face, including consumer skepticism and congressional opposition.

Alexander Osipovich, a Wall Street Journal reporter specializing in markets and technology, dives into the intriguing world of prediction markets. He explains how bettors are wagering on potential U.S. military actions, with insights into pricing signals and the implications of large bets. The conversation highlights the growing interest in betting on foreign policy and insider trading risks, paralleling these markets with stock trading concerns. Osipovich also touches on how recent events, like the Venezuela strike, can sway odds significantly.

Shelby Holliday, a Senior video correspondent at The Wall Street Journal, shares insights on the Trump administration's bold move to restrict Wall Street from purchasing single-family homes, aiming to tackle the U.S. housing crisis. She also details the U.S. strategy to tighten control over Venezuela's oil, including selling it indefinitely and seizing tankers to curb illicit trade. Additionally, she discusses the broader geopolitical implications, particularly Russia's response to these actions.

Daniel Michaels, the Brussels bureau chief for The Wall Street Journal, dives into the intriguing notion of the U.S. potentially buying Greenland. He explores the geopolitical motivations behind President Trump’s rhetoric toward Denmark and whether a deal is feasible. Discussions also touch on the diplomatic strains with Denmark and local resistance to any sale. Additionally, Trump’s claims about Venezuela's oil reserves are dissected, tying into wider implications for U.S. energy strategy.

Collin Eaton, a Journal reporter specializing in U.S. oil companies, discusses the high stakes for the industry in investing in post-Maduro Venezuela. He highlights the challenges, including legal hurdles and market hesitation. Meanwhile, Matt Wirtz, a credit reporter, shares insights on the surprising rally of Venezuelan bonds, with price gains of 25–35%. He describes the potential for debt restructuring and the complex processes involved, raising hope for investors who have held onto these distressed assets.