The Journal. - The Wall Street Journal & Spotify Studios

Latest Episodes:

The War Inside Goldman Sachs Jun 21, 2023

Show notes

Cracks are forming in a prestigious Wall Street institution: Goldman Sachs. Most bank CEOs make big decisions with a cadre of executives. But Goldman maintains a partnership with about 420 members, many of whom like to have a say in how the firm is run. WSJ’s AnnaMaria Andriotis explains why CEO David Solomon has come under fire from partners who complain about bonuses, strategy and that DJ side gig.

Further Reading:

- Goldman Sachs Is at War With Itself

- Goldman Sachs’s 80 New Partners Are the Happiest People on Wall Street Today

- Goldman Sachs Doesn’t Want to Be Everyone’s Bank, but It Has to Be Someone’s

Further Listening:

- Goldman Sachs and the 1MDB Scandal

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Insuring a Home in California Is Getting Harder Jun 20, 2023

Show notes

As wildfires increase in severity and frequency, thousands of homes in California have been destroyed and insurance companies' earnings have taken a hit. Now, two companies, State Farm and Allstate, have announced they will no longer offer new home insurance policies in the state. We speak to one homeowner and WSJ’s Jean Eaglesham about why the situation has escalated.

Further Reading:

- Banks Raise Roadblocks to Small-Business Loans

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SEC Chair Gary Gensler on His Crypto Crackdown Jun 14, 2023

Show notes

Kate Linebaugh sat down with SEC Chair Gary Gensler to discuss why the agency is working to rein in crypto.

Further Listening:

- A Crypto Exchange Crackdown

- The Rise of Binance - And The Effort to Reel It In

- The Charges Against FTX's Sam Bankman-Fried

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The Government Banker Channeling Billions Into Clean Energy Jun 13, 2023

Show notes

Jigar Shah wants to change the nation’s energy future. He runs a crucial but little-noticed piece of the Biden administration’s strategy to address climate change, the Energy Department’s Loan Programs Office. And Shah presides over its giant pot of money to lend to companies. We speak with Shah about where he thinks the private sector is falling short in funding green energy and why he thinks the government has a role to play.

Further Reading:

- Green Investments Stuck Between Rising Risk and Government Backing

- Energy Department Commits $3 Billion to Expand Rooftop Solar Access

- Climate Funding Gets Squeezed by Volatile Markets

Further Listening:

- An Energy CEO on the Winding Path to a Green Grid

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How Americans Watch Sports Is Changing Jun 12, 2023

Show notes

For decades, the only way to watch all of your local baseball team’s games was on cable television. But as millions of Americans switch to streaming services, the economics of broadcasting baseball is changing. WSJ’s Amol Sharma explains baseball’s local broadcast deals and how one company’s bankruptcy is disrupting the model.

Further Reading:

- The Padres Spent Big on Players—Then Lost the TV Deal That Helps Pay for Them

- Broadcaster Diamond Sports Files for Bankruptcy With $8 Billion in Debt

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United States of America v. Donald J. Trump Jun 09, 2023

Show notes

Federal prosecutors are accusing Donald Trump of holding on to sensitive military secrets he knew he shouldn’t have retained access to, sharing them, and directing his staff to help him evade authorities’ efforts to get them back. According to the indictment which was unsealed today, the classified documents in Trump’s possession included information about defense and weapons capabilities, nuclear programs, and plans for a possible retaliation in response to a foreign attack. WSJ’s Aruna Viswanatha discusses the 37-count indictment and what it means for Trump’s presidential run.

Further Reading:

-Trump Charged Over Willful Retention of Classified Information, Obstruction

-Trump Indicted in Classified Documents Case

Further Listening:

-Why FBI Agents Searched Mar-a-Lago

-What's Going on With Biden's Classified Documents?

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The U.S. Wants American-Made Chips. Can Intel Deliver? Jun 08, 2023

Show notes

Once a titan in the tech industry, Intel is now trying to climb out of what its CEO describes as a “mud hole.” Rivals from Taiwan and South Korea have overtaken the semiconductor company in advanced chip making, and would-be Intel customers have backed away from projects. WSJ’s Asa Fitch unpacks the stakes of Intel’s comeback plan.

Further Reading:

- Once Mighty Intel Struggles to Escape ‘Mud Hole’

Further Listening:

- The $1 Trillion Company That Started at Denny’s

- America’s Answer to the Chips Shortage

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