4 • 4K Ratings
🗓️ 25 April 2025
⏱️ 12 minutes
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0:00.0 | President Trump takes aim at Democrats' main funding platform. |
0:07.8 | Plus, big tech companies hold their breath ahead of a tariff-induced advertising slowdown. |
0:13.6 | And as the U.S. bets that fossil fuels will provide growth and security, |
0:19.1 | Europe shores up its sustainable energy sources. |
0:21.6 | The United States is blessed with abundant energy resources. |
0:25.6 | We are the top oil, gas and nuclear producer in the world. |
0:29.6 | We need to reduce our dependence on fossil fuels, |
0:34.6 | and we need to reduce our dependence on clean technologies from abroad. |
0:41.9 | It's Friday, April 25th. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition |
0:47.1 | of What's News, the top headlines and business stories moving your world today. |
0:55.5 | President Trump's trade policies are beginning to cast a shadow over the current |
0:59.8 | earnings season, leading the CEOs of American Airlines, PepsiCo, and many others, to warn |
1:05.5 | that constantly changing tariffs are spooking consumers and making business planning virtually impossible. |
1:12.4 | More updates are due today from the likes of Colgate Palm Olive and HCA health care. |
1:17.8 | But Journal Finance editor Alex Frangos told us we've heard enough results already to see a trend among top execs. |
1:24.1 | They're basically saying they don't know what to do. |
1:26.2 | We don't know what the tariffs really are going to be. So it's very difficult to plan. It's very difficult to tell your customers or your partners what's going to happen. So we've had CEO of United Airlines put out two sets of guidance to their investors saying, here's what will happen if we're in a recession and here's what happened if we don't. I mean, it's just like basically saying we have no idea. And we had the CEO of Goldman Sachs this week, David Solomon, |
1:49.8 | say this pause on the reciprocal tariffs that President Trump put in actually creates even more |
1:57.1 | uncertainty because nobody knows what the heck's going to happen. So it's very difficult for |
2:00.9 | companies to adjust. A few CEOs have voiced support for tariffs, though, with one U.S. steel |
2:06.9 | producer welcoming levies on imported steel and aluminum, while the CEO of Appliance Maker Whirlpool |
2:13.0 | said tariffs will level the playing field. Well, among the companies less impacted by tariffs on |
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