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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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.
Yesterday, former President Donald Trump was indicted for the fourth time. This case, in Georgia, is the most ambitious and sweeping one against him yet. WSJ’s Cameron McWhirter reports on Fulton County District Attorney Fani Willis, the prosecutor leading the case.
Further Listening:
-Meet Jack Smith, the Special Counsel Prosecuting Trump
-What Will Trump's Third Indictment Cost Him?
-United States of America v. Donald J. Trump
Further Reading:
-Donald Trump Indicted in Georgia Over Effort to Overturn Election Results
-Fani Willis: The No-Nonsense Georgia Prosecutor on a Collision Course With Donald Trump
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On Friday, a federal judge revoked FTX founder Sam Bankman-Fried’s bail. The judge said SBF had pushed the limits of his bail conditions repeatedly and will await his expected October trial in jail. WSJ's Caitlin Ostroff reports on what she witnessed in the courthouse.
Further Reading:
- Judge Sends FTX’s Sam Bankman-Fried to Jail Ahead of Fraud Trial
- At FTX, Multimillion-Dollar Expenses Were Approved by Emoji
Further Listening:
- The FTX Insiders Turning Against Sam Bankman-Fried
- ‘Do You Expect to Go to Prison?’: An Interview With SBF
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Earlier this week, President Biden issued an executive order banning American firms from investing in some Chinese technology companies, citing national security concerns. WSJ's Andrew Duehren explains how the move fits into the complicated relationship between the two countries.
Further Reading:
- Biden Restricts U.S. Investment in China
- Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One.
Further Listening:
- The U.S. Wants American-Made Chips. Can Intel Deliver?
- China’s Crackdown on Foreign Consulting Firms
- Are Apple and China Breaking Up?
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Jack Smith, the special counsel who brought two indictments against former President Donald Trump, has developed a reputation as an aggressive prosecutor known for trying high-stakes, politically explosive cases. But WSJ's Sadie Gurman says Smith has a mixed record on convictions.
Further Reading:
- Jack Smith Is Known to Take On Tough Cases. But He Doesn’t Always Win
- Trump’s Lawyers Argue Protective Order Would Violate His Free-Speech Rights
- New Definition of ‘Fraud’ Wipes Out High-Profile Prosecutions
Further Listening:
- What Will Trump's Third Indictment Cost Him?
- Donald Trump Is Charged on 34 Felony Counts
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The Pac-12, the so-called “Conference of Champions,” is melting down. Its revenue had been lagging behind the Big Ten and Southeastern Conferences, which now dominate college sports. But just as the Pac-12 was trying to revive itself and its revenue prospects, a rapid series of defections by member schools have left it hobbled. WSJ’s Laine Higgins unpacks what happened.
Further Reading:
- The Pac-12 Melts Down, as Five More Schools Depart for Other Conferences
- He Inherited ‘Multiple Dumpster Fires’ at the Pac-12. Then It Went Up in Smoke.
Further Listening:
- A Tipping Point for Paying College Athletes?
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More than one in five young people in China are jobless. The government blames college graduates, insisting that their expectations have gotten too high. WSJ’s Brian Spegele unpacks why new grads are holding out and what it could mean for China’s economy.
Further Reading:
-How Bad Is China’s Economy? Millions of Young People Are Unemployed and Disillusioned
-China’s Economic Recovery Weakens
Further Listening
-Xi Jinping Is Rewriting the Rules of China's Economy
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After the Supreme Court struck down race-based affirmative action earlier this summer, Wesleyan University dropped its admissions preference for children of alumni. But it will still consider whether applicants can afford tuition as part of the admissions process. Wesleyan President Michael Roth on why the elite institution is making those decisions.
Further Reading and Watching:
- Wesleyan University Ends Legacy Preferences in Admissions
- How Colleges Plan to Factor In Race Without Asking About Race
Further Listening:
- The Supreme Court Rules Against Affirmative Action
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Yellow, a nearly century-old trucking company and a major player in the American logistics industry, hit the brakes on operations and told its workers it plans to file for bankruptcy. WSJ’s Paul Page says Yellow’s financial woes have been decades in the making.
FURTHER READING:
- Trucking Giant Yellow Shuts Down Operations
- Why Trucking Giant Yellow’s Shutdown Could Cost Taxpayers Money
FURTHER LISTENING:
- How the White House Blocked a Rail Strike
- The Supply Chain Saga at One Port
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Allbirds shot to fame with eco-friendly wool sneakers, leaning on its popularity to pursue a hyperfast growth model. But after a series of missteps, the startup that was once a cultural symbol of cool is now a standout example of a hot company that lost its way. WSJ’s Suzanne Kapner documents the rise and fall of the brand.
Further Reading:
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Former President Donald Trump will appear in court tomorrow on charges related to his efforts to reverse his 2020 election defeat, which prompted his supporters to attack the U.S. Capitol on Jan. 6, 2021. WSJ’s Sadie Gurman discusses the indictment and WSJ’s Alex Leary explains what Trump's legal challenges could mean for his campaign war chest and his presidential campaign.
Further Reading:
-Trump Is Indicted in Federal Probe of His Efforts to Reverse 2020 Election
-Indict, Rally, Repeat: Reactions to Latest Trump Charges Follow Familiar Script
-As Trump Crowds Out GOP Rivals, Legal Bills Threaten His Campaign Coffers
Further Listening:
-United States of America v. Donald J. Trump
-Donald Trump Is Charged on 34 Felony Counts
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