The Journal. - The Wall Street Journal & Spotify Studios

Latest Episodes:

Banking Troubles Are Not Over Apr 26, 2023

Show notes

Once the envy of the banking world, First Republic grew rapidly by catering to wealthy clients who wanted a high-touch service. But the bank’s highflying business came back to earth after the Federal Reserve began raising interest rates last year and customers started moving their money. WSJ’s Rachel Louise Ensign on why First Republic is now teetering on the brink.

Further Reading:

- First Republic Lost $100 Billion in Deposits in Banking Panic

Further Listening:

- Two Executives On What It’s Like to Stop a Bank Run

- Can the Government Contain a Banking Crisis?

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The Debt Ceiling Fight Begins Apr 25, 2023

Show notes

The U.S. only has a few months until it can no longer pay its bills. Republicans say they’ll only raise the debt ceiling if Democrats agree to aggressive spending cuts. WSJ’s Natalie Andrews explains the Republican proposal and what’s at stake for the economy.

Further Reading:

-Kevin McCarthy, House GOP Debt-Limit Plan Face Crucial Test This Week

-Kevin McCarthy Says House GOP Plans to Vote on Debt Limit, Spending Cuts

-U.S. Nears Debt Ceiling, Begins Extraordinary Measures to Avoid Default

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The World's Richest Person Is Planning for Succession Apr 24, 2023

Show notes

Bernard Arnault is the richest person in the world and he has spent decades preparing his five children to run his luxury-brand empire, LVMH. WSJ’s Nick Kostov learned Arnault drilled his kids in mathematics, brought them along on business trips, inside negotiations and has elevated them into senior roles. But the question remains: who will succeed Arnault at the helm of the world’s biggest luxury conglomerate?

Further Reading:

- The World’s Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire

Further Listening:

- How a Deal to Buy Tiffany Lost Its Sparkle

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Nursing Shortage? There's an App for That Apr 21, 2023

Show notes

To address a nursing shortage, some of the nation’s largest hospital systems have started to use apps similar to those used for ride-hailing. WSJ’s Melanie Evans explains the pros and cons of the gig work model for nurses and hospitals.

Further Reading:

- Nurse Shortage Pushes Hospitals Into the Gig Economy

Further Listening:

- Mass Layoffs or Hiring Boom – Which Is It?

- One Nurse, Three Covid Hotspots

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How Investigators Cracked a $3.4 Billion Crypto Heist Apr 20, 2023

Show notes

Jimmy Zhong appeared to have pulled off the perfect crime. In December 2012, he stumbled upon a software bug that allowed him to steal 50,000 bitcoins from a site on the dark web called the Silk Road. WSJ’s Robert McMillan explains how Zhong’s stolen crypto stayed hidden until investigators developed better ways to track down crypto criminals.

Further Reading:

- The U.S. Cracked a $3.4 Billion Crypto Heist — and Bitcoin’s Anonymity

Further Listening:

- How The Government Tied One Couple to Billions in Stolen Bitcoin

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Russian Court Upholds WSJ Reporter’s Detention Apr 19, 2023

Show notes

It has been three weeks since Wall Street Journal reporter Evan Gershkovich was detained in Russia on an allegation of espionage that the Journal and the U.S. government vehemently deny. Yesterday, Evan appeared at a pretrial hearing in Moscow. WSJ's Ann M. Simmons explains what happened at court and what comes next.

Further Reading:

- Russian Court Upholds WSJ Reporter Evan Gershkovich’s Detention

- A Tense Wait for an Imprisoned Son

- Jailed WSJ Reporter in Letter Home Says He Is ‘Not Losing Hope’

Further Listening:

- A WSJ Reporter Arrested in Russia

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Two Executives On What It's Like to Stop a Bank Run Apr 18, 2023

Show notes

In 2017 the FDIC created a pool of banking veterans who would step up to help in the event of another financial crisis. For years, no one needed them. That changed last month when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDIC tried to stabilize a banking crisis.

Further Reading:

-Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps

-Help Wanted: Regulators Seek Executives to Staff Failed Banks

-Signature Bank Is Shut by Regulators After SVB Collapse

-Silicon Valley Bank Closed by Regulators, FDIC Takes Control

Further Listening:

-Can the Government Contain a Banking Crisis

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Dominion Voting Systems vs. Fox News Apr 17, 2023

Show notes

Dominion Voting Systems, which makes ballot machines, sued Fox News for $1.6 billion, claiming the cable network aired defamatory claims about its role in the 2020 election. Fox News denies wrongdoing. WSJ’s Erin Mulvaney explains what’s at stake as the highly anticipated trial is set to begin this week.

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