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WSJ What’s News

U.S. Stocks Bounce Back on Hopes of Trade War De-Escalation

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 22 April 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for April 22. Major U.S. indexes rose 2.5% or more today as the Trump administration offers fresh hope for de-escalation of the president’s trade war. Plus, Tesla’s net income fell more than 70% in the first quarter as the company struggled with competitive pressure and Elon Musk’s polarizing role. And the International Monetary Fund expects slower growth for the global economy. Economics editor Paul Hannon joins to discuss why the IMF predicts that the U.S. is expected to be hit particularly hard. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Last year, Amazon was the world's largest corporate buyer of renewable energy.

0:07.0

Seeing all and more of our energy come from wind farms like this one.

0:14.0

Guys, what happened to recording at the solar farms?

0:18.0

To learn more, visit about amazon.com. recording at the solar farm.

0:27.1

To learn more, is it about Amazon.com at UK forward slash sustainability?

0:38.7

U.S. stocks bounce back, lifted by optimism from the White House on tariff negotiations.

0:43.6

Plus, dealmakers struggle to make sense of Trump's antitrust policy.

0:49.3

And the International Monetary Fund anticipates that global economic growth will slow,

0:51.7

with the U.S. hit particularly hard. Their problem is to do with protecting businesses in such a way that everybody gets a little

0:58.9

bit kind of lazy and complacent, and that dynamism that the U.S. economy in particular is

1:03.5

renowned for ebbs away, maybe slowly, maybe very quickly.

1:07.8

It's Tuesday, April 22nd.

1:09.8

I'm Alex Osala for the Wall Street Journal.

1:11.7

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:21.5

U.S. shares rebounded today, with big tech stocks regaining some of the ground they lost yesterday.

1:31.3

Traders were cheered by optimism from the White House on tariff negotiations.

1:35.9

According to people familiar with the matter, Treasury Secretary Scott Besant said at an

1:40.6

investor summit that he expects the trade war with China to de-escalate and believes a deal can be reached.

1:47.0

The bounceback came despite fresh fallout from the Trump administration's tariffs.

1:51.6

Defense contractors were among the biggest losers in the S&P 500 today, after several of the industry's biggest names reported results.

1:59.4

Aerospace and Defense Specialist RTX said it expects

2:02.5

to take an $850 million hit to operating profit from tariffs this year, without factoring in the

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