Azhar Sukri
Appearances
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
The GOP's giant tax and spend bill could reach the House floor as early as today, but faces stark opposition from Democrats who argue that the proposed cuts to Medicaid and food aid programs are funding tax cuts for the wealthy. Here's House Minority Leader Hakeem Jeffries.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
According to the Congressional Budget Office, the bill's tax and spending cuts would decrease resources for the bottom 10% of households by 2%, while increasing resources for the top 10% of households. Joe Biden's office says he was last screened for prostate cancer in 2014. That indicates that the former president wasn't screened for the disease during his four years in office.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Biden's office said Sunday that he has an aggressive form of prostate cancer that has spread to his bones. The diagnosis raises questions about how the president, with the best healthcare at his disposal, could have learned so late that he was suffering from a fairly common form of the cancer for men his age.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Meanwhile, a high-stakes meeting between South African President Cyril Ramaphosa and President Trump is taking place at the White House today. Since returning to office, Trump has cut off foreign aid to South Africa, decried the South African government's stance on Israel and invited Afrikaners, descendants of Dutch, German and other settlers, to immigrate to the US as refugees.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Our reporter in Johannesburg, Alexandra Wexler, says there's a lot riding on this meeting, with Africa's largest economy facing steep tariffs too.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
The impact of Trump's trade agenda is becoming more apparent, with data from two major economies this morning showing broad declines in exports to the US. Finance editor Alex Frangos says it's the first data covering the period since reciprocal and auto and steel tariffs came into force.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Tariffs aren't the only thing roiling the auto sector, with car makers across the industry pulling back on their EV ambitions. We're exclusively reporting that Ford will let rival Nissan use part of its flagship US battery plant.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
A small wobble in the bond market was seen as more important than a big fall in the stock market.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Das kommt, als Ford 5 Billionen Dollar in ihrem Elektrofahrzeug-Business letztes Jahr verloren hat und noch 5 Billionen Euro dieses Jahr verlieren wird, im Hinblick auf eine Schleimhaut in der VW-Demand. Ford ist nicht allein im Kühlen der VWs.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Honda hat gestern gesagt, dass es seine Investitionen in elektrische Autos mit mehr als 20 Billionen Dollar in den kommenden Jahren reduzieren wird, als die Demandgröße schlägt. And a new report by the International Energy Agency has found China continues to dominate the global supply of critical minerals.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
China is the leading refiner for 19 of the 20 strategic minerals tracked by the IEA, accounting for up to roughly 80% of global supply growth of copper and lithium between 2020 and 2024. Governments worldwide are ramping up efforts to secure supplies of these minerals due to their use in everything from green energy technologies to artificial intelligence and defense.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Critical minerals are also a key national security priority for the Trump administration, which has sought to break China's dominance over the sector. Coming up, we'll explain why the bond market's recent wild ride is alarming for politicians and your finances. That story after the break.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
US Treasuries have been on a rollercoaster ride since Donald Trump's tariff announcements kicked off a sell America trade that saw bond yields surge and the dollar slip. This week Moody's downgraded the US from its top-notch credit rating, sending the yield on 30-year treasuries briefly above 5%. That's the highest level it's been so far this year, alarming many investors.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Journal-Herd-on-the-Street-Kolumnist John Sandreo ist hier, um das für uns zu beantworten. John, erzähl uns, warum der normalerweise stabile Bond-Markt so volatil ist.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Okay, so that explains some of the bond sell-off, which seemingly also caught President Trump's attention when his trade announcements were roiling the markets in April.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
And Ford lets rival Nissan share its flagship battery plant as it pairs back its EV ambitions. It's Wednesday, May the 21st. I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your world today.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
So looking ahead, John, what else could move the bond market in the coming weeks and days? What else should we be aware of here?
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Heard on the Street-Columnist John Cendrea, thank you so much for joining us today. Thank you. And that's it for What's News for this Wednesday morning. Today's show was produced by Kate Bullivant and Daniel Bach. Our supervising producer is Sandra Kilhoff. And I'm Azhar Sukri for the Wall Street Journal, filling in for Luke Vargas. We'll be back tonight with a new show.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
Until then, thanks for listening.
WSJ What’s News
Why A Surge in Bond Yields Matters to Trump, Investors and You
House GOP leaders and Republicans from high tax states appear to be near an agreement on the state and local tax deduction. That's according to people familiar with the discussions. The agreement would set the cap on the so-called SALT deduction at $40,000. That's up from $10,000 this year and is higher than the $30,000 figure in the current version of the Republican fiscal bill.
WSJ What’s News
EU Gets Tariff Deadline Extension
Ukrainian President Volodymyr Zelenskyy denounced the strikes and called for fresh economic sanctions against Russia, a step Trump had shown himself reluctant to take after his call last week with Putin. President Trump says he will hold off on implementing punitive trade tariffs on European products until July the 9th.
WSJ What’s News
EU Gets Tariff Deadline Extension
This weekend, he walked back a recent threat to impose 50% levies on EU products by June the 1st if the two sides couldn't reach a trade deal. It came after a phone call from the European Commission President Ursula von der Leyen requesting the extension. For its part, the EU said it agreed to fast-track the trade talks Our Brussels reporter, Kim McRaehl, has been tracking the negotiations.
WSJ What’s News
EU Gets Tariff Deadline Extension
Kim, give us an idea of just how important U.S.-EU trade is on a global scale.
WSJ What’s News
EU Gets Tariff Deadline Extension
And the EU does have a pretty significant trade surplus with the US. Is that right?
WSJ What’s News
EU Gets Tariff Deadline Extension
Aside from that trade imbalance, what are the main sticking points in these negotiations?
WSJ What’s News
EU Gets Tariff Deadline Extension
Another thing that seems to be frustrating Trump is the pace at which these talks are moving. We've seen that the EU has promised to fast track them. But just how quickly, realistically, can we expect progress?
WSJ What’s News
EU Gets Tariff Deadline Extension
President Trump's patience wears thin as Russia pummels Ukraine with drones and missiles. Plus, the EU gets a deadline extension for its trade talks with Washington. And Canada's new leader takes up the task of fixing the country's relationship with Trump.
WSJ What’s News
EU Gets Tariff Deadline Extension
So Carney's very conscious of that. It's Tuesday, May the 27th. I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your world today.
WSJ What’s News
EU Gets Tariff Deadline Extension
That was Brussels reporter Kim McRae. Kim, thank you so much. Thank you. Well, following Trump's tariff climb down, US stock futures are pointing to a higher open after the long weekend. And in other markets news, China's industrial profits rose 3% in April, accelerating from a 2.6% rise the previous month.
WSJ What’s News
EU Gets Tariff Deadline Extension
The gains were likely helped by rerouting and front-loading by traders hoping to get ahead of rising trade tensions between Washington and Beijing. And back in the US, we exclusively report that Southwest Airlines has set the fee it will charge customers for their first checked bag at $35. It'll start charging for checked luggage tomorrow.
WSJ What’s News
EU Gets Tariff Deadline Extension
And looking ahead to the rest of the week, NVIDIA's earnings will take centre stage tomorrow afternoon. While Salesforce will also be reporting, then on Friday we'll get a read on May consumer sentiment, plus the April edition of the PCE Prices Index, the Fed's preferred measure of inflation.
WSJ What’s News
EU Gets Tariff Deadline Extension
And later today, Elon Musk's SpaceX is planning another test of its Starship, which it hopes to have ready for a Mars mission by next year. Coming up, Canada's new leader enlists royalty to sketch out his vision for the country and send a message to Washington. That story after the break.
WSJ What’s News
EU Gets Tariff Deadline Extension
In Ottawa, Prime Minister Mark Carney's government will lay out its agenda today as Parliament reopens for the first time since Carney replaced Justin Trudeau and won the general election.
WSJ What’s News
EU Gets Tariff Deadline Extension
Canada's head of state, Britain's King Charles, will be on hand to read the speech from the throne as Carney prepares to take on the biggest threat facing Canada's economy in a generation, and that is Donald Trump's trade war. For more, our Daniel Bach spoke to Colin Robertson, a former Canadian diplomat and fellow at the Canadian Global Affairs Institute.
WSJ What’s News
EU Gets Tariff Deadline Extension
President Trump is weighing sanctions against Moscow this week as he grows frustrated by Russian President Vladimir Putin's intensifying attacks on Ukraine, which killed at least 12 people this weekend.
WSJ What’s News
EU Gets Tariff Deadline Extension
That's according to people familiar with Trump's thinking, who added that the president is also growing tired with the slow pace of peace negotiations and is considering abandoning them altogether if a final push doesn't work. Here was the president on Sunday.
WSJ What’s News
EU Gets Tariff Deadline Extension
Just hours after Trump's comments on Sunday, Russia defied his calls for an end to the bombardment by launching another aerial attack on Ukraine, this time its largest ever drone and missile assault.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Congressional reporter Olivia Beavers says the bill is a key priority for Trump, with GOP members even calling it legacy-defining.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
The newly accelerated timeline for the bill means the House Rules Committee is planning to meet shortly after midnight tonight to try to send the package to the House floor for a vote on Wednesday. Last night, House Speaker Mike Johnson sounded optimistic about reaching an agreement.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
According to our reporting, there are still four GOP holdouts. Mike Johnson can only afford to lose three votes in order for the bill to pass. Construction on the massive Empire Wind energy project off the coast of New York is back on after an abrupt about-face by the Trump administration.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
The project, run by Norwegian energy group Equinor, was halted a month ago, sending a chill through the renewable energy industry. Here's our climate change reporter, Ed Ballard.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
However, Ed says that worst-case scenario now seems less likely.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Equinor credited lobbying by New York Governor Kathy Hochul, New York City Mayor Eric Adams and other politicians and labor groups for the reversal. The company plans to start operations at Empire Wind in 2027. Turning to markets now, and Australia's central bank has cut interest rates for the second time this year.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
The economy is generally in a good place, thanks to easing inflation, but the central bank did warn of the potential impact of Trump's trade policies. As we've reported on this show before, those tariffs are already taking a toll on the Chinese economy, where policymakers today cut its benchmark lending rate by a further 10 basis points in a bid to stimulate domestic demand.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Shares of Chinese EV battery giant contemporary Amperex Technology, or CATL, have soared on their Hong Kong market debut. The company raised $4.6 billion in the secondary listing, making it the world's largest equity offering so far this year. Its shares are already listed in Shenzhen. And biotech firm Regeneron has agreed to buy 23andMe out of bankruptcy.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
President Trump heads to Congress today to push through his big, beautiful tax bill. Plus, an administration U-turn means construction of a massive wind farm in New York is back on. And we look at how the trade sector is winning over high school students.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Regeneron is paying $256 million for the DNA testing company, a steep fall from the $6 billion valuation at 23andMe's peak in 2021. The acquisition raises privacy concerns. as Regeneron will take control of millions of people's genetic information. Regeneron said it would ensure compliance with 23andMe's privacy policy, which will be reviewed by a court-appointed ombudsman.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Coming up, with a shortage of skilled trades workers, we'll hear why companies are offering big money at high schools to find future hires. That story and more after the break.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
The shortage of skilled workers like plumbers, roofers and welders has been a global headache for developed countries for some time. But now, journal reporter Terping Chan says some US employers may have found a solution, pitching high school students on their workplaces.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Our Kate Bullivant spoke to Terping, who started by setting the stage on how bad the shortage of workers in skilled trades is right now.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
It's Tuesday, May the 20th. I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your world today. House Republicans are on course to vote midweek whether to pass President Trump's agenda of tax cuts and spending reductions.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
Now, after broadening the Republican coalition in last year's election, President Trump is now at risk of shrinking it. Trump came close to winning young voters and made gains among black, Hispanic and other minority groups who have previously resisted the GOP. He also improved his showing among seniors.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
But now that he's back in the White House, these groups, and even his most ardent supporters, have grown increasingly unhappy with his job performance.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
That's Washington reporter Aaron Zittner, who leads the journal's polling coverage. He says that while Trump's approval ratings are sinking... There are opportunities to change voters' minds before next year's midterms or even the next presidential election.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
And that's it for What's News for this Tuesday morning. Today's show was produced by Kate Bullivant and Daniel Bark. Our supervising producer is Sandra Kilhoff. And I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. We'll be back tonight with a new show. Until then, thanks for listening.
WSJ What’s News
Big, Beautiful Bill Nears Tense House Vote
The party remains deeply divided over key issues such as state and local taxes and Medicaid. To give his so-called big, beautiful bill a push, people familiar with the matter say Trump is planning to speak to the broader House Republicans' conference on Tuesday morning on Capitol Hill.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
It's more important to get this right, to get it correct, than to get it fast. We are sitting at the table to do that.
WSJ What’s News
Two Israeli Embassy Staffers Shot Dead in Washington D.C.
It's more important to get this right, to get it correct, than to get it fast. We are sitting at the table to do that.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
President Trump wrote on his Truth Social channel that he and First Lady Melania Trump are saddened to hear about Joe Biden's recent medical diagnosis. He wished Biden a fast and successful recovery. President Trump is hoping to secure a Ukraine peace deal in calls today with Russia's Vladimir Putin, Ukraine's Volodymyr Zelensky and NATO leaders.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
It comes as Moscow yesterday launched one of the largest aerial barrages of the war, killing at least one person and injuring three in the capital Kiev. Journal foreign correspondent Georgi Kanchev joins me now. Georgi, this is the third call between Trump and Putin this year so far. What are we expecting?
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Indeed, Georgi. And in fact, Russia has continued to keep up the pressure on Ukraine, hasn't it?
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
And after Trump speaks to Putin, he is due also to speak to Zelensky and NATO leaders. What do we know about those calls?
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Former President Joe Biden is diagnosed with prostate cancer just months after leaving office. Plus, President Trump is set to speak with Vladimir Putin today as the Russian president slow walks Ukraine peace talks. And American assets sell off again as Moody's cuts the US's credit rating.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Georgi Kanchev, thank you so much for joining us today.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Israel's military is continuing extensive ground operations in Gaza that began on Sunday. They're trying to bisect the strip, demilitarize Hamas and release the remaining hostages. It follows a wave of airstrikes targeting Hamas infrastructure, such as weapons storage facilities and underground sites.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
A senior Israeli official said a strike last week targeting Hamas leader Mohamed Sinwa likely killed him. Journal reporter Carrie Keller-Lynn has the latest from Tel Aviv.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
While part of the offensive includes bisecting the Gaza Strip, which aid groups have warned would be very disruptive to Palestinian civilians, Kari says some aid relief is planned.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Coming up, markets sell off as Moody's cuts its US credit rating and NJ Transit reaches a deal with engineers to end a rail strike that has impacted hundreds of thousands of commuters. Those stories and more after the break.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Markets are under pressure this morning after Moody's became the last of the big three rating agencies to knock the US off its AAA perch. Stock markets around the world have slipped, with US futures also pointing to a down day and treasuries similarly taking a knock. Finance editor Alex Frangos says that while the move wasn't unexpected, it does speak to the current economic picture.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
And we'll get some clues on what the Fed makes of Moody's ratings cut and the sell-off in US assets. A slew of Federal Reserve officials are speaking this week, with Vice Chair Philip Jefferson kicking things off with a speech this morning at 8.45am Eastern. NVIDIA is working with Foxconn to build an AI supercomputer in Taiwan.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
NVIDIA said researchers from Taiwanese chipmaker TSMC also plan to use the system to advance its research and development. The news comes as NVIDIA looks to ramp up revenues and get ahead of competitors rushing to build crucial applications. and lucrative AI infrastructure.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Just last week, the company announced it's partnering with state-backed Humane to build a massive AI data centre in Saudi Arabia. And we are exclusively reporting that GM is racing to reverse California's EV mandate, which would restrict the sale of gas-powered vehicles by 2035.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
Becky Peterson co-wrote the story and says the automaker is backing a bipartisan Senate bill that could prevent states from setting their own tailpipe emissions targets as soon as this week.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
It's Monday, May the 19th. I'm Azhar Sukhri for The Wall Street Journal, filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your world today. Former President Joe Biden has been diagnosed with an aggressive form of prostate cancer just months after he left office.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
And it's not just GM, an alliance of US automakers including Stellantis, Ford and Toyota, and even some states say they aren't ready for the full transition to electric vehicles.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
A spokeswoman for the California regulator that sets the auto mandates said the rules provide ample flexibility to enable car companies to meet them. And that's it for What's News for this Monday morning. Today's show was produced by Kate Bullivant and Daniel Bark. Our supervising producer is Sandra Kilhoff. And I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
We'll be back tonight with a new show. Until then, thanks for listening.
WSJ What’s News
Biden Diagnosed With Aggressive Prostate Cancer
His representatives said Sunday that the cancer has spread to his bones, but that the disease appears to be hormone sensitive, which allows for effective management. Biden and his family are reviewing treatment options with his doctors. Biden, who was 82 when he left office in January, has come under scrutiny for age-related mental and physical declines he suffered while he was president.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Verteidigungsdokumente, die gestern unveröffentlicht wurden, zeigen, dass Elias Rodriguez, 31 Jahre alt, von Chicago, wo er wohnt, vor dieser Woche geflohen ist. Die Befragungen gegen Rodriguez bewegen eine mögliche Todesverletzung. Die Befragungen der Trump-Administration bewegen gestern Morgen
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
The Department of Health and Human Services Civil Rights Office said the school acted with, quote, deliberate indifference towards student-on-student harassment of Jewish students, unquote, since the October 7, 2023 Hamas-led attack on Israel. A Columbia spokesperson said the school takes these issues seriously and will work with the government to address them.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
We are exclusively reporting that major US banks are exploring whether to team up to issue a joint stablecoin. Conversations are in the early stages but have involved payment companies co-owned by the likes of JPMorgan Chase, Bank of America, Citigroup and Wells Fargo among others. Journal reporter Angus Berwick says that by potentially issuing a digital coin pegged to a real world currency,
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
This comes as President Trump reaffirmed his commitment to making the US a crypto capital by hosting owners of his meme coin for a gala dinner last night. Government watchdog groups have said the dinner could potentially violate federal rules against soliciting gifts.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
According to Inca Digital, a blockchain analytics firm, some 148 million dollars worth of Trump coin was purchased by investors to win spots at the dinner. Yesterday, White House Press Secretary Caroline Leavitt denied that his dinner would trigger any ethics violations because, "...all the president's assets are in a blind trust, which is managed by his children."
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
The Supreme Court says President Trump can remove leaders of independent government agencies, except the Fed. Plus Wall Street embraces crypto, as US banks team up to issue a stablecoin. And we look at whether China's efforts to shore up its high-tech industries means the world's second largest economy can go it alone.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Shares of Chinese drugmaker Jiangsu Hongri Pharmaceuticals soared more than 30% on their Hong Kong debut today, marking one of the city's largest initial public offerings so far this year. The red-hot IPO market in Hong Kong is largely being driven by Chinese firms seeking secondary listings.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
In the first quarter of the year, listings in the financial hub quadrupled from a year ago to 18.7 billion Hong Kong dollars. Teslas Sales continue to slump in Europe with Chinese automaker BYD outselling Elon Musks EV maker for the first time last month. Our European Autos Reporter Stephen Wilmot says it's both a sign of Teslas unpopularity and BYDs rapid expansion in Europe.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Coming up, China has been shoring up advanced technologies long before the trade war began. We look at just how resilient Beijing is after the break. Washington and Beijing may have agreed to a truce in their trade war, but China has for years been busy building a great wall of economic self-sufficiency around itself.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Even before President Trump imposed tariffs on Chinese imports during his first term. China had already identified several high-tech areas where it wanted to become less reliant on the outside world. Those efforts have only grown in recent years and, as senior correspondent Brian Spiegel writes, continue to accelerate under Trump 2.0. And Brian joins us now.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Brian, take us through some of the ways that Beijing has been becoming more self-reliant. It's already become competitive with the West in several key high-tech areas, hasn't it?
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Nein, absolut nicht. Nicht so lange her waren es viel mehr westliche Namen als es jetzt gibt. Also Brian, wie reagieren westliche Regierungen und insbesondere die USA?
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
But can China ever become fully self-sufficient? And if not, why not?
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
So let me just pick you up on that last point. What are some of the downsides for China in this self-sufficiency drive?
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
It's Friday, May the 23rd. I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of What's News? The top headlines and business stories moving your world today. The Supreme Court has ruled that President Trump can remove leaders of independent government agencies, but crucially not the Federal Reserve.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
Journal-Senior-Korrespondent Brian Spiegel, thank you so much.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
And that's it for What's News for this Friday morning. Today's show was produced by Kate Bullivant and Daniel Bark. Our supervising producer is Sandra Kilhoff. I'm Azhar Sukri for The Wall Street Journal, filling in for Luke Vargas. We'll be back tonight with a new show. Until then, have a great weekend and thanks for listening.
WSJ What’s News
Supreme Court Blocks Trump From Firing Fed Chair
And while the ruling doesn't explicitly prevent Trump from firing Fed Chair Jerome Powell or any other member of the Central Bank, the Journal's Chelsea Delaney says it does provide some relief to market participants worried about the Fed's independence.