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Plus: Iran says it will accelerate its nuclear work after U.N. Atomic Agency censure. And signs the IPO market is recovering. Luke Vargas hosts.
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President Trump responded by repeating calls for the Federal Reserve to cut interest rates by a full percentage point. Plus: shares of nuclear-technology company Oklo surged after it was selected to power an Alaskan Air Force base. And stock in General Motors rose after it announced a $4 billion plan to produce more vehicles in the U.S. Danny Lewis hosts.
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Plus: President Trump says a U.S. trade deal with China is done, subject to final approval from him and Chinese leader Xi Jinping. And Texas Gov. Greg Abbott says he will deploy the National Guard across parts of the state as anti-ICE protests spread across the country. Pierre Bienaimé hosts.
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Plus: Negotiators wrap up two days of trade talks in London. And California Governor Gavin Newsom accuses President Trump of “theatrics over public safety” as protests over immigration enforcement intensify. Azhar Sukri hosts.
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Commerce Secretary Howard Lutnick says he hopes negotiations will wrap up tonight. Plus: Tesla stock continues its rebound following last week’s rout. And shares of J.M. Smucker drop after the Hostess owner posts lower sales. Danny Lewis hosts.
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Plus: A survey shows America’s small businesses are feeling better about their prospects. And U.S. government agencies tracked foreign nationals coming and going to Elon Musk’s properties in 2022 and 2023. Pierre Bienaimé hosts.
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Plus: Health Secretary Robert F. Kennedy Jr. has removed all members of a key committee that recommends vaccines. And Asian markets showed mixed signals today as high-stakes China-U.S. trade talks enter a second day in London. Luke Vargas hosts.
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Negotiators from the two countries are expected to discuss export controls for rare-earth minerals and jet engines, among other items. Plus: Warner Bros. Discovery shares fell after it announced plans to split the company in two. And Apple stock slid as its artificial intelligence announcements disappointed some investors. Danny Lewis hosts.
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Plus, Warner Bros. Discovery says it will split its cable and streaming businesses. And Canada says it will boost its military spending. Alex Ossola hosts.
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Plus: President Trump deploys the National Guard to Los Angeles as clashes between protesters and law enforcement continue. And Apple prepares to kick off its annual developers conference. Luke Vargas hosts.
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The three major indexes are once again all up for the year, for the first time since late February. Plus: Tesla shares take back some ground after Thursday’s selloff. And Lululemon shares dropped after it cut its outlook and said it would raise prices due to tariffs. Danny Lewis hosts.
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P.M. Edition for June 6. As the dust settles from the blowup between President Trump and billionaire Elon Musk, Republicans choose sides even as some are asking why one of the most consequential alliances in modern American politics had to end this way. We hear from congressional reporter Olivia Beavers and columnist and host of the Bold Names podcast Tim Higgins on how we got here and what it means. Plus, job growth slowed in May, though less than economics expected. WSJ economics reporter Justin Lahart breaks down the numbers. And the Trump administration brings back Kilmar Abrego Garcia, the man wrongfully deported to El Salvador, to face criminal charges in the U.S. Alex Ossola hosts.
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Plus: European industrial production contracted in April. And Switzerland proposes tough capital rules on UBS. Zoe Kuhlkin hosts.
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Plus: President Trump’s second attempt to bar international students from Harvard is blocked by a federal judge. And India and China’s central banks take their own paths to tackle increased uncertainty around U.S. tariffs. Kate Bullivant hosts.
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The public collapse of their relationship drove down Tesla stock, and dragged on major indexes. Plus: shares of crypto firm Circle surged during its first trading day. And the parent company of Calvin Klein and Tommy Hilfiger sank after it announced a possible $65 million hit from tariffs. Danny Lewis hosts.
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Plus: The U.S. deficit collapsed in April. The European Central Bank reduces its key interest rate. Circle makes its stock market debut. And Procter & Gamble plans to cut 7,000 jobs. Alex Ossola hosts.
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Plus: The maker of Kleenex nears a roughly $3.5 billion sale of its international tissue business. And gaming fans around the world are lining up to get their hands on Nintendo’s first new console in eight years. Kate Bullivant hosts.
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Plus: Warner Bros. Discovery shareholders reject a multi- million dollar package for chief executive David Zaslov and his leadership team. And Reddit sues Anthropic saying the AI company used its data without a licensing agreement. Anthony Bansie hosts.
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Plus: U.S. private-sector hiring is at its slowest pace in more than two years. And Iran’s supreme leader Ayatollah Ali Khamenei rejects a U.S. nuclear deal offer. Anthony Bansie hosts.
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Plus: Automakers fear China’s rare-earth magnet export controls may halt car production within weeks. And federal regulators have moved to lift an asset cap placed on Wells Fargo back in 2018. Kate Bullivant hosts.
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