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.
Faced with stagnating economic growth, Chinese leader Xi Jinping decided to go all in on manufacturing and exporting. But, as Lingling Wei reports, the increase in low-cost Chinese goods is squeezing businesses around the world and raising the specter of a new trade war.
Further Listening:
- How Xi Jinping's Dream Slowed China's Economy
- The Political Cost of China's Faltering Economy
Further Reading:
- Why China Is Starting a New Trade War
- China Revives Socialist Ideas to Fix Its Real-Estate Crisis
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When Elon Musk bought Twitter in 2022, he borrowed $13 billion dollars from several banks to complete the deal. Now, it looks like the banks may not get all their money back. WSJ’s Alexander Saeedy on what the banks didn’t take into account when they made those loans.
Further Reading:
-Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis
-Elon Musk’s Hard Turn to Politics, in 300,000 of His Own Words
Further Listening:
-Elon Musk and Silicon Valley Turn Towards Trump
-Tesla’s Multibillion-Dollar Pay Package for Elon Musk
-Why Elon Musk’s Twitter Is Losing Advertisers
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For almost 20 years, Etsy has been a popular website for handmade and specialized goods on the internet. But as the company grew, many current and former sellers say the platform has changed and is now full of mass-produced goods. They’ve also complained about increased seller fees. The CEO, Josh Silverman, responds, saying Etsy is still true to its original mission to keep commerce ‘human.’
Further Listening:
- What’s Behind Amazon’s Review Problem
- The Resurrection of Abercrombie & Fitch
Further Reading:
- Temu’s U.S. Entry Is an Orange Flag for Etsy
- Etsy to Cut 11% of Marketplace Workforce in Restructuring
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Last night, Vice President Kamala Harris formally accepted the Democratic presidential nomination. It capped off a boisterous, speaker-packed week in Chicago as the Harris campaign tries to reach a broad swath of American voters. Molly Ball reports from Chicago.
Further Listening:
- Is the Trump Campaign Going Off Track?
- Takeaways from the RNC: Trump Is in Control
Further Reading:
- Kamala Harris Defines the Democrats’ New Normal
- Democrats’ Upbeat Convention Has Nancy Pelosi to Thank
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In May, an associate at Bank of America died unexpectedly after working long hours on a big acquisition. The death sparked an outcry about the all-nighters and 100-hour weeks that grind down young investment bankers. WSJ’s Alexander Saeedy spoke to over three dozen current and former employees about a pervasive culture of overwork at the bank.
Further Reading:
-How Bank of America Ignores Its Own Rules Meant to Prevent Dangerous Workloads
-Bank of America Urges Bankers to Sound Alarm on Overwork After WSJ Investigation
Further Listening:
-Lewd Photos, Booze and Bullying: Inside the FDIC’s Toxic Culture
-JPMorgan's $75 Million Jeffrey Epstein Settlement
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Last week, Starbucks ousted its CEO Laxman Narasimhan and replaced him with Brian Niccol, the current leader of Chipotle. Lauren Thomas reports on the dramatic leadership change, as Starbucks struggles to turn around its business and contend with activist investors.
Further Listening:
- Can Chinese Customers Rescue Starbucks?
- The Underdog Coffee Bean That’s Making a Comeback
Further Reading:
- Inside Starbucks’s Surprising CEO Firing and Hiring
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The Democratic National Convention is underway in Chicago, where the party aims to unite behind its new nominee for president, Kamala Harris. But the war in Gaza, and American military aid for Israel, is dividing the party. WSJ’s Sabrina Siddiqui explains why that fracture could impact the Harris campaign.
Further Reading:
-DNC Protesters Have a Message for Kamala Harris: ‘Talk Is Cheap’
-Pro-Gaza Activists Size Up Kamala Harris
Further Listening:
-The Economy: Trump vs. Harris
-Pro-Palestinian Protests and Arrests at U.S. Colleges
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Last week, the two presidential candidates put forward some specific policy proposals about the economy. WSJ’s Andrew Restuccia breaks down what each candidate is proposing.
Further Reading:
- Harris Calls for Expanded Child Tax Credit, 3 Million New Housing Units
- Harris, Trump Propose Divergent, Costly Solutions for Inflation
Further Listening:
- Is the Trump Campaign Going Off Track?
- 'Phony' and 'Weird.' Trump and Harris Size Each Other Up
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WSJ’s Molly Ball breaks down the past week for the Trump campaign as the former president continues to try and counter a surge of support for Harris. Plus, do undecided voters truly exist? Molly answers your questions.
Further Reading:
- Race Is On To Reach the Rapidly Shrinking Pool of Undecided Voters
- Inside Elon Musk’s Hands-On Push to Win 800,000 Voters for Trump
Further Listening:
- The Week that Changed the Presidential Race
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Former YouTube CEO Susan Wojcicki died last week at the age of 56. WSJ’s Miles Kruppa shares how Wojcicki developed a reputation as perhaps the most important Google employee that few people have heard of outside of the company’s walls.
Further Reading:
-Former YouTube CEO Susan Wojcicki Dies at Age 56
-YouTube’s Susan Wojcicki on Transforming the Video Service
Further Listening:
-Why the DOJ Is Suing Google Again
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