Risky Bets Amped Up Crypto Gains. Now They’re Fueling Their Selloff.
P.M. Edition for Nov. 19. Traders have used debt to maximize their gains as they bought and sold crypto this year—now, with prices dropping, they’re turbocharging losses too. WSJ crypto reporter Vicky Ge Huang tells us what makes those bets so risky. Plus, Target says it will invest billions in its stores as it seeks to turn around slumping sales. And minutes from October’s Federal Reserve meeting show deepening divisions, putting a rate cut at the next meeting in question. Alex Ossola hosts.
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12:48
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12:48
Alternative Indicators: What Pinched Consumers Are Buying at the Liquor Store
We all want a little treat—even if we’re on a budget. That desire may be part of what’s shaping U.S. liquor sales; big spirits companies are seeing growth in the sales of their smaller bottles of liquor, while sales of the pricier larger sizes decline. What does that tell us about how consumers are feeling about their wallets? Host Alex Ossola discusses with Nadine Sarwat, director and equity research analyst at brokerage firm Bernstein. And finally, in this last episode of our alternative economic indicator series, WSJ investing columnist Spencer Jakab joins Alex to take stock of all four indicators in this series—Nevada employment, copper, heavy trucks and liquor—and the picture they paint about the broader U.S. economy.
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Further Listening
Alternative Indicators: Can Nevada Employment Predict Where the Economy is Headed?
Alternative Indicators: What’s Dr. Copper’s Prognosis for the U.S. Economy?
Alternative Indicators: What Big-Rig Truck Sales Reveal About the U.S. Economy
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15:35
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15:35
Why Nvidia’s Results Could Jolt the Market
A.M. Edition for Nov. 19. After dropping for four straight sessions, markets are now bracing for today’s earnings report from AI-bellweather Nvidia. Plus, WSJ’s Anne Tergesen explains why millions of Americans are leaving behind old 401(k) accounts - costing savers billions in missed investment gains. And a rare Gustav Klimt portrait has shattered records, becoming the most expensive modern artwork ever sold at auction. Caitlin McCabe hosts.
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13:34
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13:34
Meta Defeats Government Antitrust Case
P.M. Edition for Nov. 18. A federal judge has dismissed the Federal Trade Commission’s antitrust case against Meta Platforms, which alleged that the company has a social-media monopoly. We hear from WSJ tech reporter Meghan Bobrowsky about what that means for Meta. Plus, President Trump said that Saudi Crown Prince Mohammed bin Salman ”knew nothing about” the 2018 murder of journalist Jamal Khashoggi, rejecting a CIA assessment at the time. Plus, the House has passed a bill to release government files related to Jeffrey Epstein. Alex Ossola hosts.
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13:56
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13:56
Selloff Sweeps Global Markets
A.M. Edition for Nov. 18. As the market rout hits everything from stocks to crypto, WSJ’s Hannah Miao explains how concerns over missing government data and lofty AI valuations are fueling the downturn. Plus, a House vote on releasing the Epstein files is expected later today, as President Trump’s grip on the GOP seems to be slipping. And companies begin pushing out employees who aren’t using AI in their day to day work. Caitlin McCabe 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.