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.
Get show merch here: https://wsjshop.com/collections/clothing
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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.
Get show merch here: https://wsjshop.com/collections/clothing
Copyright: Copyright © Dow Jones & Company, Inc. All rights reserved.
After years of strict Covid restrictions, people are taking to the streets in cities across China. But they’re not just protesting zero-Covid, they’re voicing displeasure with Xi Jinping himself. WSJ’s Brian Spegele gives us an inside view of the protests rocking China.
Further Reading:
-China’s Surveillance State Pushes Deeper Into Citizens’ Lives
-Much of China Locks Down With No End to Zero Covid in Sight
-Chinese Protests Spread Over Government’s Covid Restrictions
Further Listening:
-How Xi Jinping's Dream Slowed China's Economy
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In recent months, Russia has ramped up its use of drones in its war on Ukraine. As Ukrainian analysts have begun dissecting some of the unmanned aircraft, they’ve uncovered a complex web of suppliers. WSJ’s Ian Talley explains.
Further Reading:
-Ukrainian Analysis Identifies Western Supply Chain Behind Iran’s Drones
-Iran Acknowledges Supplying Drones to Russia
Further Listening:
-Iran’s Secret System to Avoid Sanctions
-Ukraine Makes a Deal with Wall Street
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Since Elon Musk bought Twitter four weeks ago, thousands of employees have been laid off, fired or decided to leave the company. WSJ's Alexa Corse explains what the company's leaner staff could mean for the platform.
Further Reading:
-Elon Musk Tells Twitter Staff to Work ‘Long Hours at High Intensity’ or Leave
-Twitter’s Mass Resignations Test Elon Musk’s Management Playbook
-Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0
Further Listening:
-Why Elon Musk’s Twitter Is Losing Advertisers
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Inflation is driving American consumers to pinch pennies, and Walmart is taking note. The retailing giant says its customers are increasingly price-conscious. WSJ's Sarah Nassauer says to keep prices low, Walmart is flexing its muscles with suppliers.
Further Reading:
-Walmart Sales Rise as Retail Giant Gains Shoppers
-Walmart Is Flexing Its Muscle Again
-Holiday Sales Growth Expected to Slow This Year
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One of the biggest sports events of the year began yesterday in Qatar, but there have been a lot of bumps along the way. From the abuse of stadium construction workers to a ban on beer – WSJ's Joshua Robinson on the controversies surrounding Qatar’s World Cup.
Further Reading:
-World Cup Brings Two Million Visitors and an Epic Culture Clash to Qatar
-Qatar Wanted to Host the World Cup. First It Needed a Soccer Team.
Further Listening:
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Millions of Taylor Swift fans tried unsuccessfully to buy advance tickets for her Eras Tour, Swift’s first in five years. And after overwhelming demand throttled Ticketmaster’s website, a public sale of tickets has been called off. WSJ's Anne Steele explains what happened and why Ticketmaster is getting heat.
Further Reading:
-Taylor Swift Says It Was ‘Excruciating’ to Watch Ticketmaster Debacle
-Taylor Swift Cancels Ticket Sale After Earlier Glitches
-Taylor Swift’s Concert Ticket Sales Plagued by Ticketmaster Delays
Further Listening:
-Taylor Swift’s Push to Change Music Ownership
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For decades, investing in a mix of stocks and bonds was one of the safest ways to save for retirement. But this year, that strategy has stopped working. WSJ’s Akane Otani breaks down the unique market conditions of today’s economy that are causing so much pain for retirees.
Further Reading:
-The Classic 60-40 Investment Strategy Falls Apart. ‘There’s No Place to Hide.’
Further Listening:
-How High Will Interest Rates Go?
-Will There Be a Recession? America’s Top Bankers Weigh In
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Until last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX.
Further Reading:
-How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain
-FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall
-Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds
-FTX’s Collapse Leaves Employees Sick With Anger
Further Listening:
-How Crypto Giant FTX Suddenly Imploded
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Zadeh Kicks, founded by Michael Malekzadeh, was once the hottest sneaker reseller on the market. It offered some coveted, limited edition shoes for cheap – a dream for sneakerheads who wanted to flip them for more money. But now Zadeh Kicks has dissolved. WSJ's Inti Pacheco explains how sneaker giant Malekzadeh came undone.
Further Reading:
-The $300 Million Sneaker King Comes Undone
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Every winter, the respiratory virus RSV lands tens of thousands of babies and young children in hospitals around the country. This year, the outbreak started early. WSJ's Denise Roland explains the challenges of creating an RSV vaccine.
Further Reading:
-GSK Poised for Pfizer Battle in RSV Vaccine Market
-RSV Hospitalizations Surge, Babies Hit Hardest
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