WSJ What’s News

P.M. Edition for Sept. 16. The Federal Reserve unanimously decided to raise interest rates a quarter percentage point today, its first rate hike in three years. WSJ economics reporter Matt Grossman discusses what went into that decision, what it means for the Fed’s relationship with President Trump and what to expect from the Fed’s future meetings this year. Plus, Yemen’s Tehran-backed Houthi rebels claimed they shot down a Saudi fighter jet. We hear from the Journal’s deputy Middle East bureau chief Jon Gambrell about how the Houthis recently seized Bab al-Mandeb Strait, a crucial oil chokepoint, after sitting out months of the Iran war. And business leaders are taking sides in the debate around AI regulation—mostly in opposition to President Trump. Alex Ossola hosts.

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A.M. Edition for Sept. 16. The EU top’s executive proposes making Canada the bloc’s first associate member as traditional U.S. allies forge stronger ties in the face of tensions with the Trump administration. Plus, WSJ correspondent Jared Malsin details how the U.S. is burning through its interceptors to counter Iran. And, we tee up one of the most consequential Fed rate decisions in recent memory. Luke Vargas hosts.

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P.M. Edition for Sept. 15. The annual Census report on households’ financial well-being showed that median household income notched a new record last year. But as WSJ economics reporter Rachel Wolfe explains, not all Americans are seeing the gains. Plus, a landmark bill that would regulate the crypto industry failed in a procedural vote in the Senate. We hear from reporter Vicky Ge Huang about where the measure goes from here. And the Kennedy Center’s board voted to close the venue for renovations, even as President Trump threatened to block them over a naming dispute. Alex Ossola hosts.

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A.M. Edition for Sept. 15. The global bond selloff is gaining steam, with a jump in oil prices pushing the 10-year Treasury yield back above 5%. BNP Paribas’ Chi Lo explains how fears of runaway inflation and a range of other factors have dialed up the pressure on the Federal Reserve ahead of tomorrow’s interest-rate decision. Plus, the Supreme Court blocks President Trump's plan to restrict mail ballots. And, WSJ entertainment reporter Ben Fritz looks at Hollywood’s latest obsession with the tech bros of Silicon Valley. Luke Vargas hosts.

Correction: Nathan Fielder is the creator of the HBO television series The Rehearsal. An earlier version of this podcast incorrectly said he was the creator of The Audition. (Corrected on September 15)

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P.M. Edition for Sept. 14. Industry leaders’ calls for a slowdown in AI development are rippling through tech, government and financial markets. As some look at what more guardrails could look like in practice, some—including President Trump—say they’re unnecessary since they could give China a competitive leg up. WSJ chief China correspondent Lingling Wei discusses how the debate is going over there. Plus, chip stocks fell over the prospect of a pullback in spending on the AI buildout… and the 10-year yield briefly touched over 5% as instability in the Middle East pushed up oil prices. We hear from markets reporter Hannah Erin Lang about what drove market moves today. And Democrats have momentum as they eye control of Congress. But as WSJ national political reporter Eliza Collins explains, there are also risks that could trip them up. Alex Ossola hosts.

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