After months of demands for lower interest rates, President Donald Trump is attempting to fire Federal Reserve governor Lisa Cook in the most dramatic step yet in his efforts to take control of the independent central bank. As WSJ’s Matt Grossman explains, the move could allow Trump to alter the makeup of the board enough to potentially outvote Fed Chair Jerome Powell and recast the Fed in his image. Jessica Mendoza hosts.Further Listening: - Who Will Be the Next Fed Chair? Maybe Kevin- Why Trump Pushed His Tariff DeadlineSign up for WSJ’s free What’s News newsletter.
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15:44
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15:44
How Scotts Miracle-Gro's Weed Business Went Up in Smoke
Over a decade ago, home gardening giant Scotts Miracle-Gro made a bold push for growth in a nascent and controversial industry: cannabis. What was once the company’s lucrative bet is now a struggling business. WSJ’s Dean Seal explains how Scotts Miracle-Gro ventured into marijuana and why their early bet has shriveled up. Oyin Adedoyin hosts.
Further Listening:
How the 'Napa Valley of Cannabis' Dried Up
The Highs and Lows of Diversifying the Cannabis Industry
The Drug You’ve Never Heard of Wreaking Havoc Across Europe
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21:39
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21:39
Can a Farming Community Resist a Development Boom?
When a pro-growth mayor in rural Tennessee dies unexpectedly, his vision for development is suddenly challenged. What began as a land dispute quickly escalates into a clash of values, dividing the deep-red county over the very definition of 'conservative.' WSJ's Cameron McWhirter reports on a fight between tradition and transformation, featuring two farmers on opposing sides. Jessica Mendoza hosts.
Further Listening:- A Fight over Buc-ee’s and the Soul of the American WestSign up for WSJ’s free What’s News newsletter.
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22:45
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22:45
Private Equity and Crypto Could Be Coming for Your 401k
President Trump recently signed an executive order that could make it easier for everyday Americans to invest their retirement savings in assets that lie outside public markets, such as private equity, cryptocurrency and private real estate. WSJ’s Anne Targesen explains how 401ks have evolved, and the risks and rewards of adding these alternative assets to people’s retirement accounts. Oyin Adedoyin hosts. Further Listening:- The Wall Street Craze Jamie Dimon Can’t Resist. Even If It Blows Up.- Private Equity Finally Can Get a Piece of the NFLSign up for WSJ’s free What’s News newsletter.
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18:52
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18:52
How an NYC Suburb Is Keeping Rents Down
When New Rochelle, NY was faced with a declining population and economy, it set out on a building spree. A decade into the effort, the city – which sits just north of New York City – actually managed to keep rents down, bucking a nationwide trend. WSJ’s Rebecca Picciotto shares how New Rochelle navigated red tape and some community opposition to build thousands of new housing units. Jessica Mendoza hosts.
Further Listening:- Is NYC’s Mayoral Race All About Rent? - The Rise of the YimbysSign up for WSJ’s free What’s News newsletter.
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The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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