7 Episode results for "Campo Flores"

Automakers Adjust to Pandemic After Steep Losses in Sales

WSJ What's News

15:39 min | 1 year ago

Automakers Adjust to Pandemic After Steep Losses in Sales

"Facts allow you to make decisions and unpredictable times. Get the facts you need. From The Wall Street Journal from Free Corona virus updates to daily deep dives, and our podcasts and videos WSJ is a trusted source in uncertain times visit wsj.com as the number of corona virus cases hits new milestones. Those on the front lines are facing more stress inside packed hospitals. Like ten to twelve hours. It's overwhelming work. It's exhausting at times. We'll look at New Challenges for America as global past ten million plus the bumpy road facing the auto industry. industry-wide and he had this impressive situation where nearly every assembly plant in the US shut down for almost two months. We'll talk about pricing and the future of electric cars. And the Mississippi flag is about to get a new design. It's Monday, June, the twenty nine I'm mark, Stewart with the Wall Street Journal, and this is what's news. There are now more than ten million reported cases of Corona virus worldwide, five hundred thousand people have died globally about a quarter of those confirmed deaths, one, hundred, twenty, five, thousand are in the US where cases are rising, and that's leading to new restrictions with the dialing back of reopening plans Florida. Texas Arizona and California accounted for many of the forty two thousand new cases reported Saturday in Texas. The governor ordered bars to close. We spoke to our reporter. Rem Campo Flores, who covers the southeast? As we look ahead to the new week, there are a few things that public health experts think we should be keeping an eye on. One is the potential for the virus to spread from young people who make up the bulk of new infections right now to older, more vulnerable populations that could increasingly happened as people go, visit their parents or grandparents, or as young people work in close proximity to older people, so that's one concern. The other is hospitalizations which are climbing steadily and numerous parts of the country, and in some parts including in Texas. You're seeing some hospital. Systems reached their capacity, which is a really worrying trend that officials are keeping an eye out on. Healthcare. Workers feel the strain facing Texas is significant. We talked to Dr Ren to Iraq Oh Brown, a physician working on the front lines in a Kovic Unit and a South Texas Hospital. This time in the hottest Nov.. Personnel. Not What we are dealing we. We, went from like four or five patients tool more than sixty patients in one week. I don't think we are actually where moment yet, but we already running out of capacity. In a recent statement, the governor of Texas says he's focused on slowing the spread of the virus while maintaining sufficient hospital capacity for covid nineteen patients. We have a video looking at the challenges facing healthcare workers in Texas on wsj.com. Mississippi is the last state to have a confederate battle emblem on its flag, but that's likely to change a state lawmakers approved by a wide margin, a bill to redesign that flag after one hundred twenty six years. The Republican governor is expected to sign the bill which would require the flag to be taken down within fifteen days, and to create a commission to come up with a replacement. The move comes at a time when historical symbols and monuments across the US are at the center of a debate over the US legacy of racial. Discrimination. Chesapeake. Energy filed for bankruptcy protection on Sunday. The company was once a trailblazer and fracking and the second largest gas producer in the country, but now it's emblematic of the challenges facing the industry for the big picture. We talked to WSJ reporter Rebecca who covers oil and gas. Chesapeake bankruptcy filing reflects the tremendous strain that much of the US oil and gas industry is under as the coronavirus pandemic can home around the world and depresses demand for fossil fuels, though it's important to note, the Chesapeake has been heavily indebted for years. The oil and gas prices. We've seen this year were simply the final Straw. fracking is by no means going away anytime soon, but it's likely that the shell patch becomes increasingly dominated by larger companies as many smaller American producers file for bankruptcy. It's unclear at this point. Whether US oil output will return to the highs that we saw earlier this year of about thirteen million barrels a day. Boeing seven, three seven Max has been grounded for more than a year now key test flights of the aircraft could begin as early as today. The test conducted by US regulators and Boeing are scheduled to last three days. The jets have been under scrutiny. After two accidents killed more than three hundred people, a Boeing spokesman said quote. We continue to work diligently on safely returning the maxed service, some industry and government officials expect the planes to return service around the end of the year. And a shooting at the Stock Exchange in Karachi Pakistan has left several people dead. A separatist group has claimed responsibility for the attack. We talked to our correspondent in the country side Shaw. Is At least four armed militants trying to storm the Stock Exchange building, which is in the hot, of Rachi, which is the biggest tea commercial capital releases saying that all terrorists have been shocked at this stage and acting slower of the area. We believe that are dead among the police and the security guards of stock, exchange building. It is unclear if civilians died in the attack. What's the police are saying? Is that the attack? Never laid it inside story, exchange. And indeed trading at the exchange continued throughout he just likely, they were chosen as a symbolic economic target. We've seen a similar attacks. In the past where it is attempt to reach a an important economic target. So I think the stories change does he has a high profile? That's why they went for it. Coming up as the number of corona virus cases hits a new milestone, markets overseas are moving. We'll take a look at what could drive the markets during the week ahead. Move! What does the rise in the number of corona virus? Cases mean for investors. Some traders are more cautious than they were a few weeks ago, or while some are not as optimistic as they were a few weeks ago. Here's our Asia. Markets, editor Quinton Web Friday's market action in the US and headlines over the weekend and Monday trading action in Asia, all points the same thing really, which is that neither ficus seems to have shifted a bit more towards the risks of re-opening, and you know this grim milestone chiefs over of the weekend of ten million Corinne of ours infections around the world. Audibly helps shop not fake so too I think these repeated headlines from different states in the US. States have being forced to rethink some of their reopening strategies as they encounter upsurges and infections. So you think back a couple of weeks. That was a bit more optimism I think about the shape. This recovery signs that economic indicates bouncing back very sharply and now maybe a bit more cushion coming into play as investors tried to digest. Difficult, this thing will debate. After a quick break, the auto industry looks to reboot after one of the most dismal times on record. When the world is at a standstill facts can move us forward. Facts help us make decisions and bring us together even as we're apart the wall. Street. Journal has the facts. In these uncertain times get the latest on the corona virus outbreak with free coverage of the crisis and its impact on the economy, politics, culture and daily life. Find the clarity you need with America's most trusted news source, visit wsj.com and stay informed. Just, like many other sectors of our economy, the pandemic has hit the auto industry hard. It's dealing with losses and significant production slowdowns as we await the latest sales numbers were taking a look at what the industry and car shoppers are facing. We're joined by the Wall Street Journal's Detroit Bureau chief Christina Rogers Christina. It's great to have you here. Thank you for having me. It has been a rough few months for the auto industry. I was looking at the numbers. A Big Dip April. The worst months is at least the Mid Seventy S. Are there any signs of optimism. Actually? Yes, I mean. The sales did collapse and April no doubt they were down fifty percent industry-wide in May. They were still depressed, but it wasn't as bad as it was about thirty percent and I think many auto industry executives expected much worse. Yes, sales are depressed, but they're not down nearly as much as they expected, and they are like we are seeing some signs of a bounceback, particularly in some vehicle segments like trucks and trucks are huge moneymakers for the companies, and we do see that there's been. Some heightened demand for pickup trucks so much, so that dealer say they're running out. And you know I think there's a lot of debate in the industry about how this recovery is. GonNa look, but certainly they are encouraged that people are still buying and that they kind of see like as the summer goes on that that people will start returning to showrooms as far as the reasons for optimism. Is it because? Consumer confidence is back or is it because perhaps people aren't so eager to hop on an airplane or a subway or other form of public transportation and and I think that there's certainly been a shift in thinking I mean before the pandemic. There's all this concern in the car industry that people would opt more for a ride, hailing firms like uber or take public transit versus buying a car in this was becoming a bit of an existential crisis. For the industry now you know the thinking among consumers like shifted being in close quarters as not exactly where they want to be so there are a lot of executives at think that there's going to be more interest and personal transportation, and that could help lift the recovery. The other reason is simply that you know in China sales really fell off a cliff and we didn't see that as much here their reasons for that. Some of it is just that you know early on here in. In the US automakers move quickly to discount their vehicles, and so that gave I mean we were seeing some kinds of promotions that we hadn't seen since the financial crisis, you know zero percent loan for eighty four months guarantees that the company would buy back the carve if the customer lost their job, and that really did help bring people into showrooms. I mean sales are still going to be depressed. They're going to be depressed this year I think everyone in the industry is expecting that. But I don't think anyone is interdisciplinary will be kind of a two thousand, nine, two thousand ten repeat. Inventory, how that looking right now? Are there new cars available or used cars? The hot market? industry-wide, we had this unprecedented situation where nearly every assembly plant in the US shut down. For almost two months they started opening up again in in May some earlier than others and have only been gradually increasing their production I mean there's all these new social distancing measures that they've had to put in the safety protocols I mean. That slowed their ability to reboot quite a bit, and so in the meantime, people have been buying cars and we have dealers telling us they are just simply running low on certain models. Mostly trucks trucks are in short supply. I think when you go to the lot. If you'RE GONNA, go to the line. You will have slimmer pickings. You may not get that color you want. You may not get that feature you want. We heard from one customer who said they tried to order a vehicle and were told well, not till October. If you're going to buy a car right now, you may have fewer options in the other thing is because there is very limited inventory. You're not gonNA get quite the deal. You might have got if automakers are tight on supplies. They don't feel like they need to discount them. Obviously before the pandemic, there was a lot of interest and discussion about electric cars. Is that still going to continue? Yes, I will say that we are still hearing a lot of discussion in the industry about new products coming out on this front first off like the economics of buying an electric vehicle have obviously changed I mean with the drop in oil prices. You know it makes it much harder sell, but what hasn't changes the regulatory environment and countries like China and Europe. I mean they're all moving ahead with limiting tailpipe emissions and the car companies still have to find a way to design and build vehicles that meet those regulatory requirements and the one way to do that is electrification, and so in the US. Regulations aren't as stiff, but automakers still feel that there. There's a need. There are different views on this GM and Volkswagen have been more aggressive and converting their lineup to two full electric vacation Ford also has plans in the works to electrify its line up, so the longer short of it is. Companies are going to move in this direction. Their plans are baked in years in advance, and they can't just do a u-turn here. you also have all these startups coming. That's putting pressure on traditional automakers. They don't want to see the lead to Tesla or to some these newer start ups like Ribian. They WANNA be in the game, and so this whole race is going to continue. Christina Rogers is our bureau chief in Detroit. The Motor City Christina great to have you here. Thank you for having me. And that's what's news for this morning. If you like our show, please rate and review. US wherever you get your podcast. We're back with another updated episode this evening. I'm mark, Stewart with the wall? Street Journal. Thanks for listening.

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The Patchwork of Policies Behind a Surge in U.S. Coronavirus Cases

WSJ What's News

12:21 min | 1 year ago

The Patchwork of Policies Behind a Surge in U.S. Coronavirus Cases

"The end of the article isn't the end of the story. The Journal podcast goes behind the scenes with reporters and covers everything from the Mormon. Church's one hundred billion dollar fund to Corona. Virus listen to the Journal on spotify or wherever you get your podcasts. A look at the confusing patchwork of policies behind the surge in US corona virus cases. You're just get this effect of just a very sort of inconsistent, sometimes haphazard approach in which wondrous diction is going at it one way and another in a completely different. Plus president trump cast doubt on reaching phase to trade deal with China. It's Friday. July tenth. I'm emery for for the wall. Street Journal. Here's what's news. US stocks closed out the week with gains despite fears over surging cases of the coronavirus in several states, the Dow is up one percent for the week. The S. and P. Five hundred rose one point, eight percent, and the Nasdaq was up four percent. A German biotech company says it's confident. It will have a corona virus vaccine ready for regulatory approval by the end of the year by in tech, is one of seventeen firms that have begun human trials on a covid nineteen vaccine. Our reporter Blonde. Panchev ski has been following the company's Progress Doktor Shaheen Deseo. told me that he is absolutely confident that his vaccine, which is based on a very novel technology called 'em Rene. Will be a great success. This is however it's important to say untested technology technology that has not been used on humans outside of clinical studies by intact along with its partner Pfizer plan to begin the final stage of testing at the end of the month. President trump says he's no longer thinking about negotiating a phase to trade deal with China. He says the coronavirus pandemic has damaged the relationship between the two countries. The US and China signed as one of the deal back in January. Our International Economics correspondent Josh Zoom Brune has more on the prospects for getting back to the bargaining table. This kind of puts into question. The broadening of what was accomplished in January if. If, it was a phase one trade deal with more to follow. That's obviously a lot more significant than if the phase one deal is actually phase only, and there's never going to be kind of anything more from this administration, and that's looking likely to be the case. It's GonNa. Probably be a long time before us in China relations. Get back to the point where they can sit down and negotiate face to. One reason for that is that the issues that were being left for phase two. We're actually harder than the ones. They agreed to in phase one. That's Kinda why they put them off because they're harder and so, there's really very little hope now that they're going to be able to get to those issues anytime soon. And we report exclusively that American Airlines is threatening to cancel orders for Boeing seven thirty-seven Max jets people familiar with the matter say American is struggling to secure financing for seventeen jets amid pandemic. That's decimated demand for travel. Boeing's Max Fleet was grounded in March of last year after two fatal crashes, regulatory approval for the jets to resume service is expected in September. Coming up after the break US policy and the pandemic. When the world is at a standstill facts can move us forward. Facts help us make decisions and bring us together, even as were apart the Wall Street, Journal has the facts in these uncertain times get the latest on the corona outbreak with free coverage of the crisis and its impact on the economy, politics, culture and daily life. Find the clarity. You need with America's most trusted news source, visit wsj.com and stay informed. New confirmed. Corona virus cases in the US continue to surge hitting a new daily record of sixty three thousand yesterday four months into the pandemic, the US now accounts for nearly a quarter of all cases globally. The Wall Street Journal took a look back at how we got here. And how mixed messages from authorities and a patchwork of policies have made it more difficult to contain the virus joining me now with more details as our reporter, Arian, Campo Flores. On you looked into failures at several levels of government that have contributed to the surgeon cases. We're now seeing in states across the country, particularly in the south and West. You're in Florida. Tell us what you're hearing and seeing on the ground there so in Florida you know the State had fared relatively well in the early going with the pandemic, as the number of cases with surging and a lot of other parts of the country, they remained relatively manageable in Florida. But. That began to change as a state loosened, and more restrictions opened up. Restaurants opened up bars and people began to congregate more and so what we've seen in recent weeks in Florida are skyrocketing numbers records being broken on an nearly daily basis at times, part of the issue that critics have raised when it comes to Florida is that. There hasn't really been a one single clear coordinated statewide response. To Alvis is handled it. WHAT THE GOVERNOR! Rhonda Sanders has done instead is deferred much of the decision making to local governments and has led cities and counties decide. What they're going to shut down what they're going to reopen when they're going to reopen it, what that is created is this kind of patchwork effect where you have you know different parts of the state, even sometimes neighboring cities and counties with different policies in place, which creates a bit of confusion for people who are just trying to navigate what the rules are, and you had this playing out in other areas across the country as well situations where authority on the decision making was passed down from the federal level to state authorities, then two localities. What did you hear from experts about the necessity of having a clear national plan throughout the course of a pandemic? So epidemiologists think that enlarge part. It makes sense to have a nationally focused. Uniform response to pandemic because pan-demic. Knows, no boundaries knows the city or county or state boundaries a- pandemic spread, and so by having kind of centralized and coordinated response. It allows you to for instance build up an effective nationwide testing program that ensures that where the tests are needed most. They're being sent. It allows for the creation of a contact tracing program that permits governments to respond very quickly to flare ups of the virus. That is something that we've seen effective in other countries in places like South, Korea, even another federalist states like Germany they've managed to work this. This out more effectively than we have in the US, and so you know this is an instance where, by deferring so much of the decision, making to states who, then in turn, often defer the decision making to local governments, you just get this effect of just a very sort of inconsistent, sometimes haphazard approach, which wondrous, Dixon is going at it and one way and another in a completely different way. We've also seen a shift in the federal response since the start of the pandemic, and in terms of giving states more authority or less authority. How is that shift factored into what we're seeing playing out across the country right now? Observers of how the administration has handled. This response are critical of. Mixed messages that have come from the federal government so for instance on the issue of masks early on there were statements made from the administration that people should not be trying to get hold of masks because they weren't effective, and the concern at the time was that there was a shortage of masks, and they wanted to ensure that people weren't grabbing them in depriving those who are on the front lines, first responders and the like. Like from getting what they needed that obviously changed over time, and now we get a message that masks are actually very important response and a very important tool that people should be using and so there's a lot of encouragement to use masks. Another example is mixed messages in terms of how to go about the reopening. You know you had president trump at times cautioning the opening process needed to be methodical and then at other times. Prodding and goading certain states that we're being hit by protests about the speed of the reopening, telling them they needed, they needed to quote. Liberate themselves, so the the effect again is that it's a lack of clear uniform guidance for governments to follow, and instead you know a lot of confusing messaging. The federal government responded to questions about National Strategy and questions about weather, and how it's working with states during the pandemic administration officials say that. They have been working hand in hand with states each step of the way ensuring that they are getting the equipment that they need. The testing supplies the kits. All the resources that would help help them respond effectively. They also say that you should pay attention, not just to the the numbers of cases, but to look at the tally of fatalities which they point out on a per capita basis is actually lower than some European countries. They also say that the US is kind of a unique creature in. It's a very large diverse sprawling country we face. Economic pressures to reopen compared to Europe and that there's less of a safety net for workers in the US. Compared to some European countries, and so there was more pressure to get. The economy geared up and back in action. You also spoke to some public health experts about measures. They believe the federal government could and should be taking now to help. Tell us more about what you heard from them. Well one one example would be that you know the US. In place a really effective contact tracing program, you know the point of doing the lockdowns, and you know forcing people to stay at home, and essentially shutting down the economy for a few months was to give the country the time and the space to be able to ramp up its response and part of that would have involved having a really robust. To quickly identify all the people that newly-infected folks were coming into contact with to try to stamp out those flare ups another thing that happened He. said. We could have done better was a more comprehensive lockdown you know. He pointed out in an interview with us that whereas in the European Union, you know you had basically nearly ninety percent of the country effectively locked down. The percentage in the US, more fifty percents it was, it was significantly lower, and so you had we. We were never really able to get our baseline case count. Down really far enough to be able to then stamp about flare ups more effectively. That's Wall Street. Journal reporter Ariane Campo Flora Rei. Thank you so much for joining me more pleasure. Thank you and that's what's news for this week. Our hosts army and Marie for Tony and Mark Stewart. The show was produced this week with help from mark. Garrison Qatari Yokum Sam Western and Kristen, XLII. We'll be back on Monday morning. Thanks for listening.

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Americans Cast Final Votes on Election Day

WSJ What's News

17:29 min | 9 months ago

Americans Cast Final Votes on Election Day

"Want more of that last second interception you keep replaying at aws. We're bringing fans knew. Data behind every epic pass play even fumble with an unmatched pace of innovation. Technology is changing the game and aws is how learn more at aws dot com slash sports. It's election day and a record. Number of americans have cast their ballots to determine who will lead the nation for the next four years. Everyone's anxious about where the direction of skelly whether they're ardently pro-trump or ardently providing they're anxious about of the country and very worried about its future. We'll check in on. Turn out the issues that matter in the battleground states and what to expect for the rest of the night in our election day special. It's tuesday november third. I'm anne murray totally for the wall street journal. Here's what's news. It's been a long road to election day but boaters in all fifty states or casting the final ballots at the polls. Today i voted for joe biden because i honestly feel that trump has done a terrible job while he's He's offer himself. I want somebody that's going to look out for seniors. Older people can't work things like that. And i think biden. We'll do a much better job. And i voted for trump. Because hard time he was treated unfairly over the pin dying the corona virus and. I don't think it's anyone's fault. Like those voters in nashville. The nation is divided between president trump and democratic presidential candidate biden. Millions of americans voted early. But there were still plenty of people at the polls today along pretty smooth sailing for the most part this morning. They haven't been on extra long lines wants to nine got started. Everything just went smoothly. I was afraid that my vote counted gone through the mail and now look at. It is still a lot of things going on with. Get into ballots where they need to be on time. A lot of people were fearful to come out today. You know and for me. I didn't wanna let fear. Stop me from actually voting on election day. Those are the voices of voters in florida. Pennsylvania and north carolina all states where. The candidates have been campaigning. Hard up to the end to boost their numbers joining me now with more on voter turnout as wall street journal. Politics reporter chad day. So chad we've talked about this being potentially a record turnout year with so much early voting. What are we seeing. Now have any more records been broken in the past few days. Yes so what we're seeing is we've now eclipsed over one hundred million early votes and we just got that today. It's actually a little bit closer to one hundred and two million early votes and what we've seen across. The country is that nearly every state has surpassed their two thousand sixteen early vote level. And we've also seen a handful of states that have gone over their entire twenty. Sixteen turnout so texas hawaii montana and we're still getting some some numbers in as as the state's report and so we're seeing signs of this being historic turnout year right now you know when we when people have been kind of projecting what they would think the turnout would be this year. They've been hovering around one hundred and fifty million number and all signs so far are pointing to. it'd be pretty high. Are there any differences. You're seeing between states especially in the battleground. You mentioned texas. Just now what we've seen. Is that the pandemic has had a huge impact on people's decisions to vote and not only just with encouraging people or more people using the mail to be able to do that. We kind of saw that earlier on in the early voting period. But what we've seen is we've seen a big surge in people who in states that allow it did in early voting. And so when you look about kind of looking at today and what you expect in terms of turnout we've already had a lot of people vote and so it might actually be lower election day turnout. We expected to be lower election day. Turn out than we've seen in the past and that would include in a lot of the battleground states so north carolina pennsylvania. You know when you look across some of the other battleground states and michigan being another one florida. All of those states have seen a kind of a surge of early voting. And that's going to change how You know results flow in throughout the night. There's been a big push from both campaigns in the final days to get people off the sidelines. Who haven't voted yet. I'm wondering how that's playing out today. The campaigns will have their arguments here. Which is that. They still see that. There's a lot of people that still need to vote and for them to succeed. And so you've seen president. Obama go and campaign in florida and encourage people to turn out for joe biden you've seen. President trump do kind of barnstorming pennsylvania and some of the upper midwest states over the last few days trying to really rally that base and try to bring as many voters that they know. We're going to turn out for them to get them to go to the polls and so that's kind of what you know. These closing arguments have been in. The last. few days is campaigns. That are going through their lists and saying okay. These are people who haven't voted yet and we need to try to see if we encourage them to turn out. We've been following a number of battleground states. That could decide this election. What do things look like on the ground. There wall street journal. Reporter cameron mcwhirter spent the day driving around and speaking to voters in and around atlanta georgia. Do universal agreement is ireland's very nervous so that is just a a universal truth. Everyone's anxious about where the direction the country's going whether they're ardently pro trump or ardently pro biden. They're anxious about the direction of the country. And very worried about its future. There also was a strict partisanship. You know people went in and just hit the if they democrats and they just hit our of their republicans this is a in many ways a city of transplants metro atlanta. Lot of people coming here from other states Particularly from the north and they are you know they don't know the local judges or the local state senators so they're just but they are because of this election or the partisanship that has everywhere in this nation. Right now they are just hitting one party ticket and then walking out the door. The latino vote and older americans are voter blocks in florida. One of the top battlegrounds. The vote has been historically close. They're out of more than fifty million ballots cast in presidential elections there from nineteen ninety-two through twenty sixteen fewer than eighteen thousand votes separate the total votes between the two parties. All of those elections like other states florida saw a surge early voting but our reporter arian campo flores says that may be. Why lines weren't that long in miami. Today voters seem very enthused. Those who are turning out at one polling place in sunny isles beach Which is a relatively affluent area where there are actually several condo towers that have president trump's name on them Spoke to some voters there That's an area with a sizeable support for president trump. A few of the voters i spoke to there seemed eager to vote again for the president. Pleased with how he has handled the economy jobs and and other issues of during his term but on the other hand At another polling place. North miami a heavily immigrant neighborhood with a large caribbean population. I heard different perspectives. There one woman. I spoke to who is a haitian immigrant was voting in her. Very first presidential election as a us citizen and was Had specifically set out to vote against president trump because of his rhetoric and his policies on immigration and so she was very enthusiastically casting a ballot for joe biden and finally pennsylvania as we talked about before. This is a state. People think could be key this election our reporter. Chris moore is traveling around the state. Today i spoke to him during a stop in erie so chris. Our latest polling showed that the corona virus and the economy were the top two issues for voters in this election. What are people in lines talking about today. yes so. I am in western pennsylvania. So i've i've been in pittsburgh which is a very heavily democratic area and also in the more rural areas here yuri and i'm hearing a very stark difference between voters us on president trump's job performance. You know many of president trump's supporters feel like he's been doing pretty much everything right now and they mentioned things from his supreme court picks to his handling of Even the coronavirus pandemic and other issues being tough on terrorism and supportive of the police and and those types of issues many of trump's voters. Say that you know. His views on economic policy align with theirs and also foreign policy. So many of those folks are across the board supporting the president on the other hand voters who were after joe biden are you know kind of diametrically opposed to put the president has done and especially when it comes to the economy and the coronavirus pandemic many of those voters have said that they think the president has really botched the job when it comes to managing the response to the pandemic among some of the biden voters spoke to they mentioned issues like systemic racism. Climate change things that they don't feel the president has done a good job addressing whereas in the more rural counties and these are counties outside of pittsburgh that the president carried by very wide margins back in two thousand sixteen issues are often different. Some voters we're talking about gun rights and how the president supports the second amendment. That'd be very important to them. And also issues like fracking. President trump has been very outspoken. Supporting fracking the natural gas industry and fossil fuel industry. In general a large part of this election has also been about personality politics. What are you hearing from voters on the ground. Are the candidates themselves driving the votes more than the issues. So it's a really interesting issue personality. Because when i speak to some of president trump supporters difference of opinion. I get some folks who liked what the president says on twitter and in public. You know they feel that he's being honest and truthful telling and Just outspoken and brash. But then there are other trump supporters. Who feel like they're not fans of his personality but his policies so they're saying they're willing to excuse his personality her character. You know what he says. Many of those folks said they wish the president would put down his phone and stop tweeting. And that's something that i've heard from certain number voters Going back to two thousand sixteen again on the flip side. You know many of the biden. Sports that i talked to do not like the president's personality and they use terms like he's been a disaster danger to the country and they also framed the election in kind of existential terms you know if president trump is reelected. They say that democracy in the country is is at risk. According to these voters coming up after the break we'll talk about market reaction and what to expect later tonight. Abbott is scaling up access to new covid nineteen tests to help us. Get back to our lives with confidence. Another life changing technology habit. So you don't wait for life living learn more at abbott dot com abbott life to the fullest. Historically stocks. have done well on election day and today is no exception. Us stocks rose notching a second straight session of strong gains. The dow rose five hundred fifty five points or more than two percent. The nasdaq climbed out. One point. nine percent and the s. and p. five hundred gained about one point eight percent wall street journal markets reporter. Connie otani has more on what investors are watching tonight however could get interesting. I mean four years ago. We saw stock. Futures dive bond yields also plummet as donald trump pulled ahead of hillary clinton who had been widely projected by wall street's to win the two thousand sixteen elections because of that big mismatch between expectations and reality. I think we're seeing a lot of traders be a little bit more conservative in their projections this year. A not a lot of folks who are terribly confident even though the odds of a blue wave have actually gone up in the betting markets in the last couple of weeks. That being said probably late tuesday or early wednesday would-be when a lot of traders say will start to get a enough results that there might be some action in the stock futures market as well as In bond yields and of course in asia markets which should happen Early so we'll be taking a look at all those markets to see what the consensus looks like As we get some of the poll results coming in the first polls close at six pm in parts of indiana and kentucky but there will be voting until the early morning hours so the big question on. Everyone's mind today. when will it be over. While on a typical election year major candidates might be preparing deliver a victory or concession speech tonight. This has not been a conventional year. Hardy over one hundred turned million. People voted in the united states. Expecting up to one hundred and fifty million the largest turnout ever by the way folks if you haven't gotten everybody out over over we're going to wait president because i'm not thinking about concession speech your acceptance speech yet Hopefully we'll be only doing one of those two and you know winning is easy. Losing is never easy not for me. It's not we turn now to our dc political reporter. Julie bica wits. So julie election night is a night when many americans stay up late a hoping to get the results. We know this is a very different election. In this case we've been told to prepared not to have the results tonight. So can you tell us. What the campaigns are planning. What might we hear from the trump and biden camps. This evening sure. We'll both campaigns seemed to be preparing for that possibility as well president trump. Who had some last minute campaign activities today where he visited his headquarters in virginia. He's largely going to be at the white house receiving from his team throughout the evening and is prepared to speak later in the night hours of the morning. If it looks like we somehow do have results and then over in democratic nominee. Joe biden's world. He also was visiting some places in pennsylvania today including his boyhood home in scranton and is going to be waiting to hear about results in wilmington delaware. He's guide some availability at the chase center in wilmington in the event that it looks clearer. And he's able to make a speech of some kind bite like most americans. Both of the candidates do seem to be up to speed on the fact that we in fact may not know tonight. We may not know early tomorrow morning. We're just gonna have to see how the first couple of states that role in go and see if we can get a feel for how. The election is turning one of the reasons that we may not get. Results is because of the huge number of mail in ballots that have to be counted this year. And we've talked on the podcast before. About how states or tabulating differently. There have also been questions about potential issues with the postal service. That could keep them from arriving in time today. A judge ordered that the postal service ensures ballot delivery. Can you tell us a little bit more about that ruling and what it means sure. This was a federal judge in washington d. c. who ordered a sweep of about a dozen mail processing facilities in states that have critically important role in this election and the idea here is to just make sure that there are no ballots. Somehow being left behind boxes somewhere that aren't being delivered. It's just one more measure that authorities are taking to make sure that every vote is counted. And make sure that we have a clean and fair election process. And that's what's news for this election day. The wall street journal has taken down. Its paywall so all of our election day coverage is free at wsj.com. We'll have the latest news on the results as they come in on our website and of course our team will be back here for you tomorrow morning with analysis of where we stand and what it means going forward. I'm marie for totally for the wall. Street journal thanks for listening.

biden Joe biden florida trump The wall street journal pennsylvania chad day There wall street journal cameron mcwhirter anne murray skelly north carolina arian campo flores texas president trump four years atlanta nashville chad pittsburgh
Puerto Rico Braces For More Aftershocks, After Another Powerful Quake

WSJ What's News

09:34 min | 1 year ago

Puerto Rico Braces For More Aftershocks, After Another Powerful Quake

"Why settle for seven percent returns from your 401k? Whether you're inexperienced investor or new to the game our friends at the Motley fool want to help you find great stocks. That's why they've created a report on a group of five stock picks for the next generation of investors and it's free for all WSJ listeners visit foil L. Dot com slash. WSJ powerful earthquake struck Puerto Rico this morning. The latest in a a series of quakes to hit the island which is still recovering from hurricane. Maria as the governor of Puerto Rico pointed out this is pretty historic for for. What do we haven't experienced earthquakes of this magnitude in one hundred and two years and in a dramatic reversal prosecutors call for jail time for former national security adviser Michael Flan? It's Tuesday January seventh. This is the PM addition of what's news from the Wall Street Journal. I'm Marie for totally New York. President Trump says Congress will learn more details about the US drone strike that killed Iranian military leader. Kacem Sulejmani during a briefing on Wednesday during remarks at the White House today Eh trump called Sulejmani a terrorist and responded to threats from Iran that it will retaliate. I will say this. If Iran does anything that they shouldn't be doing they're going to be suffering the consequences and very strongly Selemani is burial has been postponed after at least fifty people were killed in in a stampede at a funeral procession in Tehran on Tuesday. Senate Majority Leader Mitch. McConnell says he has enough votes to set impeachment trial rules in the Senate. Those rules would not guarantee that the Senate would call new witnesses to testify that would be a defeat for Democrats who have been calling for additional witnesses and and documents house speaker. Nancy Pelosi has delayed sending the articles of impeachment approved by the House to the Senate in an attempt to pressure McConnell to agree to democratic requests the interim CEO of embattled planemaker Boeing said Tuesday that the company now supports Supplemental Flight Simulator Training for pilots highlights of 737 Max planes those airplanes were involved in two fatal crashes in the last two years it's a reversal for the company which previously said that computer based training would suffice. The announcement comes as regulators are considering whether and under what circumstances the jets should return to commercial service if regulators litters decide to mandate simulator training. The jets on grounding could be delayed even longer federal prosecutors are now seeking up to six months of jail time for for a former national security adviser. Michael Flynn as a reversal of their request for leniency. Just last year. Flynn pleaded guilty to lying to investigators about his contact attacked with the Russian ambassador and had been cooperating. Witness and former special counsel Robert Mueller's investigation into Russian election interference but as our arena viswanath. Explains that all changed when Flynn fired his long-term legal team and hired a conservative lawyer to defend him now he takes very competitive posture with prosecutors. He ends is up not testifying at the trial of his business associate because prosecutors think he's now going to lie to them and his new legal team accuses. Prosecutors of misconduct says he was the sled They should be entitled to all information about how the investigation started so this this sort of threw a wrench into his entire case. The judge last month ruled on all these requests from Mike Flynn's defense team and basically said this is all nonsense. You don't get anything we're going to move forward to sentencing sentencing and so that brings us to today when prosecutors said. Actually we're GONNA take back our descriptions of him being cooperative with us and him deserving unclean. ENC and we think you should sentence him to what he deserves for his guilty plea which is zero six months in prison. Flynn's lawyers have until January twenty second to respond. His sentencing is set for January Twenty Eighth Uh. Mu F G A global financial group with over three hundred sixty years experience has spent that time building. Businesses communities. And some of history's greatest achievements admits. We're helping to build. Today's biggest breakthroughs grounded. In our tradition of financing innovations for today in the future by investing talent technologies and tools that put our clients changing needs I mea CI continues to stand apart and propel business forward learn more at MFG America's dot com slash innovate M U G Bank Ltd.. Puerto Rico is bracing for more aftershocks too. Strong earthquakes have rocked the island and the past two days. After a week of Tremors Governor Wanda Vazquez is urging residents to have supplies on hand and create plans in case they're displaced from their homes joining joining me now with more details his Wall Street Journal reporter around Campo Flores Rem. Puerto Rico was hit by a six point four magnitude earthquake on on Tuesday. And it's just the latest in what's been a series of earthquakes over the past week. Yeah there've been hundreds of smaller quakes that have been happening in the region for for more than a week. Starting on December twenty eighth there was a four point. Seven earthquake that hit the area and since then there have been at least twenty five that have been of a magnitude of three point five or greater than the ones of the most recent days have been the strongest. There was a five point. Eight earthquake that struck Early on Monday and then the one. That's chuck early Tuesday of six point. Four Iran. How unusual is this? Well as the governor of Puerto Rico pointed out this is it's pretty historic for for Puerto Rico. They haven't experienced earthquakes of this magnitude. In one hundred and two years there was a real strong seven point three temblor that hit Puerto Rico in nineteen eighteen that killed more than a hundred people but this has been the most powerful since then and so the governor has. I've been making the point that folks need to be prepared. There are likely to be additional aftershocks. There could be some strong ones as as strong as we've seen in the past few days and so folks need to have a plan and and be ready to go someplace where they can have shelter if they were to be displaced. What can you tell us about at the extent of the damage so far what we know so far is that there has been significant structural damage in the southern part of Puerto Rico? A lot of homes that have gone down and you know deep cracks in buildings. There was a very famous natural stone. Archway off the coast that toppled. There was a portion of a church a historic church that partially collapsed and a lot of infrastructure damaged. There's also been significant damage to three power plants on the island and it was that which resulted in the island having a an island-wide blackout starting on on on Tuesday morning and so those will need to be repaired and power is supposed to be gradually brought back. These earthquakes come also as Puerto Rico is still recovering recovering from hurricane. Maria which devastated the island. How are these latest natural disasters? Complicating the recovery. Well it certainly complicates things because the recovery. It has been very slow and very tenuous. The aid from the federal government has been coming slowly to the island. It also hasn't been in the amounts that some folks in Puerto Rico were hoping there's also just been a very slow process of building back infrastructure whether it be you know the the electrical grid or structures on the island has also been slow and then there's also been political turmoil last year. The former former governor resigned under pressure because of scandal that unfolded on the island and there was this period of deep political uncertainty. And now how a new governor who is who is now facing her first big test. What can you tell us about? The immediate needs right now. How people can help? The main thing for people was just to get supplies that they need personally so that if they were to be displaced they could be fine whether that be food water flashlights. What have you obviously there's Outages that people are still grappling with and as far as what medical needs people might have. That's still not clear. They're doing evaluations of patients at some hospitals where they had to be moved because of concerns about the structural integrity of the Buildings Wall Street Journal reporter Aaron Campo Flores. Thank you so much. Thank you and finally Wurzel author of the Nineteen ninety-four bestselling memoir PROZAC nation has died her struggles with clinical depression made her defining voice of Generation X.. Wurzel was fifty two years old and had advanced breast cancer for more on her life and legacy read the full story on our website at WSJ asked Jane Dot Com. That's what's news for this Tuesday afternoon. I'm Anne Marie for totally for the Wall Street Journal. Thanks for listening.

Puerto Rico Puerto Rico Wall Street Journal Senate Michael Flynn Iran Anne Marie Maria McConnell WSJ Mike Flynn reporter Michael Flan jets L. Dot Buildings Wall Street Journal Wurzel Nancy Pelosi Tehran
Aramco Plans Split IPO, With Tokyo Emerging as Front-Runner

WSJ What's News

11:19 min | 2 years ago

Aramco Plans Split IPO, With Tokyo Emerging as Front-Runner

"As more and more businesses become digital business intelligence data is proliferating as a powerful decision making tool. Could it provide a key competitive advantage find out when we return to the transformation minute from comcast business saudi arabian oil giant aramco. Oh is considering a split i._p._o. They're now looking at tokyo. Tokyo's big international exchange. It's been home to some of the largest i._p._o. Ever including last year's i._p._o. Soft bank's mobile telecom unit loss. A justice department watchdog finds former f._b._i. Director james comey violated violated agency policy. This is what's news from the wall street journal. I'm marie for totally in new york before we get to those stories. Here are some other top headlines. We're following today u._s. Stocks climbed higher again on thursday on the prospect of possible trade talks between the u._s. and china in september. The dow surged three hundred twenty six points joints or one point three percent the s. and p. five hundred and the nasdaq rose one point three percent and one point five percent respectively u._s. Bond yields also continued their climb climb. The federal trade commission is investigating whether e cigarette startup jewel engaged in deceptive marketing including targeting minors or using influencers the company's products have been blamed for a rise in vaping among teens which rose seventy eight percent from two thousand seventeen to twenty eighteen according to federal data jewel says its products are intended for adult cigarette smokers and that it has never marketed to youth the f._t._c. investigation comes altria which has invested twelve point eight billion in dollars in jewel is engaged in merger talks with its former partner philip morris international and u._s. Prosecutors are looking into new allegations of technology technology theft at chinese telecom giant hallway. We report that officials are examining instances where hallway was accused of stealing intellectual property and exploring learn how the company went about recruiting employees from competitors. The investigations overlap the findings of a wall street journal investigation this past may puerto go has been spared major damage by dorian which is now heading toward florida as a category one hurricane wall street journal reporter arian campo flores says the storm storm is expected to gather strength in the next few days and could climb as high as a category four storm. What's very uncertain is the past that this is gonna check. We've projected to sorta curve to the north west and hid somewhere along florida's eastern coast but the past the cone of uncertainty. It's still very wide didn't compass his virtually the entirety of florida's east coast. The center of the track is projected right now to go. Rossellini ashley in the area of central florida kicked canaveral melborn that part of the state but it could definitely veer north or it could be yourself meanwhile people in the hatton. The storm are getting ready. It's not reached the point where you're seeing you know massive lines and outages of supplies but definitely there are reports courts that gas stations are running out of fuel. I was just getting some supplies at a supermarket manage to get some water but by the time i left the the shelves were bare of water. Obviously places like public supermarket <hes> costco retailers that are constantly trying to restock the shelves shelves and this is something that companies are used to doing down here but yeah it's settling in and folks are realizing that it's coming and you're starting to see the mobilization to get ready for it for the latest on dorian and attract the current path of the storm lease head to our website w. j. dot com welcome back to the transformation minute from comcast business. Could business intelligence data be one of the keys to smarter decision making we asked a niece hasty as comcast business turning business intelligence into a real competitive advantage means turning data in those data insights into actionable plans so although these these new tools help with business and side they also spawned a lot of new business questions but those business questions can also drive business ideas and new revenue sources that we did did not think possible aramco the world's most profitable company is planning to stage initial public offering and despite wooing from london and hong kong tokyo has now emerged as a surprise front-runner for more on this wall street journal exclusive. Sam western spoke with reporter border. Ben dumb it in london. It's been a long journey for the saudi arabian oil company to make a public offering and we've learned that they are going to go <hes> with this two stage strategy. Could you just tell me a little bit about that. Yeah initially they were looking at an i._p._o. Where they would simultaneously list on the message exchange call the totta wall sock exchange and an international exchange but after many false starts the reviving the plan but this time they're taking a different approach where they're going to list initially on the domestic exchange selling a small sliver of the five percent stake that they previously previously targeted they would sell completing that making that a success and then next year following that with an international listing on right now it looks like they're leaning towards the tokyo stock exchange over london stock exchange hong kong or new york and do we have a timeline for when this might happen you know i think we know that ramp was looking at doing the domestic listing in saudi trying to before the end of this year you know the success excessive of that will help determine the timing of the international listing but at this point they're looking at some time in twenty twenty. It looked for a while like the london stock. Exchange was making a big push to bring this listing to london similarly that was interest from hong kong but but it looks like both of those have lost out at this stage. Could you just tell me a little bit about that decision. Yeah in the past when aramco's looking at international listing london was at the top of their list along with hong kong and the new york stock exchange the london exchange change u._k. Politicians have pushed hard to try to to aramco to consider the listing venue. They similarly the exchanges and officials in hong kong in the u._s. You similar tactics to try and will aramco to their exchanges because it would be the largest ever if it goes through but because of brexit and the controversy around brexit in the possibly the increasing possibility of a hard brexit. There's concerns that that could cloud the the future of the l._l._c. so as a result of that. They're you know they're looking at tokyo's an alternative similarly hong kong which was another alternative has this is challenged by the fact of the pro democracy protests that are going on there and the clampdown by mainland china so there's that's create a level of uncertainty about listing in in on the hong kong exchange so as a result. They're now looking at tokyo. Tokyo's a big international exchange. It's been home to some of the largest i._p._o. Ever including last year's i._p._o. Soft bank's mobile telecom unit so that you know that showed obviously that they can manage big. I._p._o.'s and there's an available investor base to absorb the kind of offering that the aramco might pursue. That's the wall street. Journal's ben dumb it speaking with sam western in london former f._b._i. Director james comey violated the agency's policies spy spy sharing memos about his interactions with president trump in two thousand seventeen. That's according to the justice. Department's inspector general joining me now from washington to explain blaine is wall street journal reporter this oughta arena. Let's backtrack. This goes back a few years. Now remind us what was in these memos and who james call me share them with right so these are a total of seven memos that detailed all of his interactions with the president between january and may a of twenty seventeen and so some of the the ones that might jog people's memories the most were the ones in which mr comey's alleged that the president had asked tim to quote let flynn go see his way to letting flynn go and then in another one he had had a dinner with the president in which the president allegedly asked him for his loyalty <music> and mr komi responded that he would have his honest loyalty so these are things that people were talking a lot about a couple of years ago and maybe people don't remember as as much but they detailed all of those interactions that he had with the president he's fired in may of twenty seventeen and a few days later he ends is up sharing the contents of a few of these memos with his attorneys and with a friend who's also acting as his attorney in order to then share share some of the details with reporters about his dinners with the president in order to kind of generate some public outrage about what the president was doing now president trump of course as you mentioned fire james comey in may of twenty seventeen so what is the potential impact of these findings that he violated f._b._i. Policy the justice justice department has already said it won't prosecute komi over their release. That's right so the ultimate impact of this at this point is is not a huge one but it's pretty damaging damaging to mr combs reputation in the long term i mean it's it saying that he took these actions violated f._b._i. Policy in a way that was essentially sort of designed to further his own agenda and not necessarily what it was that the f._b._i. Is an institution wanted. Mr comey's responses that he did it to serve a greater purpose and he thought that the that it was for the benefit of the country to get the information out there but it was at the expense of following established rules rules and sort of giving the institution itself the f._b._i. Itself a role in determining what to do with the information and what we heard from james komi about the inspector general's findings endings after they were released today so soon after the report was posted online mr comey tweeted that he essentially wanted an apology okay from some of his critics who had called him a liar and a leaker which which are terms that maybe the president is used on occasion <hes> about mr komi as well but not was just pointing out that the inspector general found no evidence that that he him or his attorneys had shared any classified information with the media and then he i thought he kind of deserved a an apology wall street journal reporter arena viswanathan joining me from washington. Thank you so much rona. Thanks for having me and that's what's news for this thursday afternoon. I'm marie for totally for the wall street journal. Thanks for listening.

wall street journal tokyo london hong kong comcast james comey president reporter florida aramco mr comey Director dorian hong kong tokyo china new york aramco
Huawei Accuses U.S. of Cyberattacks

WSJ What's News

11:33 min | 2 years ago

Huawei Accuses U.S. of Cyberattacks

"The journal is a new podcast from gimblett media and the wall street journal about money business and power on this show. We show you how a company's bottom line affects the decisions you make every day. Google's entire future is predicated on it continuing to be the one place you go for the answer to all information we we follow the money and see where it takes us. This is one of the biggest financial heist that has ever happened period. The journal is out now on spotify or wherever you get your podcasts sponsored by merrill and linked in hurricane pain dorian slowly heads toward the coast of florida after wreaking havoc in the bahamas plus chinese telecom giant hallway accuses the u._s. of cyber attacks. There's little doubt that this is the way trying to reclaim the narrative a little bit push back on some of the allegations around that have dogged it for a while l. and try to sort of assert some control over the story and stocks tumble on weak manufacturing data and continuing trade tensions between the u._s. and china. This is what's news from the wall street journal. I'm marie for totally new york. Let's start with the latest latest on door yet. The hurricane was downgraded to a category two storm on tuesday after battering the bahamas and headed toward the florida coast doria's path has been been difficult to predict but the latest forecast projected. We'll approach florida's coastline late tuesday before turning north the wall street. Journal's ari on campo flores has more or from melbourne beach on the central florida coast florida now outside of the cone of uncertainty for the storm to make landfall so it's a highly likely that the sun will not make landfall but that doesn't mean that large portions of the florida coast won't experience strong wings significant again rainfall the possibility of flooding emergency management officials are urging people to still heed warnings be attentive to what the forecast is and obviously abide by evacuation orders that are in place there about twelve counties in florida that have mandatory evacuation orders in place several others that voluntary evacuation orders and so residents are basically hunkering down and waiting for the storm to pass which which so far is not being the monster that men feared it would be the first to florida coast dorian made landfall in grand bahama island on sunday night as a category five storm after battering the avocado islands. The storm is being blamed for the deaths of at least five people in the bahamas and for severely damaging or destroying as many as thirteen thousand homes u._s. Stocks took a dive on tuesday afternoon. Data showed contraction in the u._s. Factory sector in august for the first time in three years the report from the institute for supply management comes after similar global reports pointing to weaknesses in the factory sectors of other nations nations amid continued trade talks between the u._s. and china. The latest round of tariffs between the two countries took effect on sunday u._s. Stocks fell on tuesday following suit route with global markets. The dow and the nasdaq each fell more than one percent. The s&p five hundred fell point seven percent the u._s. coastguard has suspended ended the search for survivors from a diving boat that burned and sank off the coast of california on monday morning. Authorities have recovered twenty bodies and another fourteen eighteen passengers are presumed dead. The cause of the fire which broke out while passengers were sleeping below deck is still under investigation five crew members including the captain were able to escape. It's one of the worst maritime disasters in recent years. Walmart has announced it will stop selling ammunition for assault style rifles and handguns. The decision comes after two deadly shootings in walmart stores last month. The company had stopped selling assault style rifles in twenty fifteen and last year raised the minimum age to buy guns or ammunition to twenty one after the deadly mass shooting at a high school in parkland florida british lawmakers will vote tuesday on whether to block prime minister boris johnson from an abrupt split with the european union without a brexit deal the u._k. Is currently currently set to exit the e._u. On october thirty first but opposition and rebel lawmakers are seeking another extension for our full brexit coverage including the results results of tuesday's vote. Please check back on our website wsj.com n._b. Shorts listen to the a._m. Addition of what's news on wednesday. The journal is a new podcast from gimblett media and the wall street journal about money honey business empower on this show. We show you how a company's bottom line affects the decisions you make every day. Google's entire future is predicated on it continuing to be the one place you go for the answer to all information reform the money and see where it takes us. This is one of the biggest financial -sential heist that has ever happened period. The journal is out now on spotify or wherever you get your podcasts sponsored by merrill and linked in chinese telecom giant hallway is accusing the u._s. of cyber attacks and threatening its staff while we made the accusations in a press release on tuesday joining me now from hong kong with more details is wall street journal reporter. Dan strove dan. Can you tell us what exactly while way is accusing the u._s. of doing and did they provide any evidence sure so while we laid out a number of charges in its in its press release against the u._s. Rest today among them. They've accused the u._s. Of conducting cyber attacks on its networks of ordering law enforcement to intimidate visited. Eh incite hallway employee's the accused the u._s. in one instance of u._s. Agents of impersonating while way employees as a as a ploy to you get more information and they've also accused the us of drumming up old civil cases that wa has has defended over the years and sort of reinventing wanting them as criminal cases these specifically i claims that sort of dog hallway over the years but that in many cases hallway has has settled settled so in some cases it's a combination of new charges and sort of old claims that hallway has made against the u._s. But what's what's interesting is the way that the company has sort of package them all together in. What's really a very kind of aggressive counterpunch to the u._s. Which has gone after alway quite aggressively basically over the last year now. All we didn't do was give much in the way of evidence for these claims is sort of laid them out in a very point by point fashion but took the more explosive allegations didn't have a lot of evidence to back them up. I think if you if you sort of dig deeply through the record to the historical record you'll find that that many of those claims that while way has made do actually have some historical backing to them but they were not really laid out so clearly in that in that press release today and this comes after the wall street journal reported that prosecutors are investigating allegations of intellectual property theft by hallway. I wondering if tuesday's press release from hallway is is being seen as retaliatory in nature will for sure this is this is their response to that story no doubt among the other episodes while we addressed in his press release was issued yet another denial of the stealing intellectual property specifically one case that we referred to in our story in which a a portuguese multimedia producer accused of stealing the smartphone camera technology that he claims to have developed he's now being sued by bye bye hallway and and our story touched on some of those charges and laid out how the u._s. is investigating those charges on a criminal level and always always is pretty aggressively denying that it stole that technology so there's little doubt that this is way trying to reclaim the narrative a little little bit push back on some of the allegations around i._p. Theft that have dogged for a while and try to search some control over the story that we've also reported extensively on u._s. Efforts to block while way in america and it's become a big sticking point in trade talks between the u._s. and china. How was this latest incident likely to the impact those wider talks and more generally speaking tensions between the u._s. and china over wa well the whole sort of qua- episode has put the company in the middle of those trade talks. No doubt the company is finding itself is sort of upon in in the broader negotiations. President trump has set himself that you know he might be willing to sort of roll back some restrictions on while way if it meant a better trade deal beijing for its part has said that a rollback on some some of the restrictions on always is sort of a prerequisite for any broader trade deal a deepening investigation by the u._s. Against soi qua way over issues like trade secrets asked i pee wee no-doubt make a trade deal harder not easier and would would sort of further aggravates china as the the u._s. Tries to to negotiate a trade deal so it definitely seems like this the the issue is likely to be a roadblock for awhile who both sides wall street journal reporter. Dan trump joining me via skype from hong kong. Thank you so much. Dan thank you and now a story. Oriana efforts to attract more women to economics professions. The american economic association says it's implementing new rules forbidding employers from interviewing job candidates ended its in hotel rooms during the group's annual conference. It's part of a e as water efforts to attract more women to the profession and address what former federal reserve chairman airman ben banenky who is the group's current president has called the professions quote reputation for hostility toward women and minorities our reporter. David harrison says there's been something of a groundswell among economists hoping to do a better job paper a couple years ago that found that women make up a very small share of the total number of econ majors. More than half of today's undergraduates are women and i think it's about a third only of the country's economy majors are women and so that was something. They felt they needed to address. There was also a survey earlier this year the found but a lot of women said that they just didn't feel they were well respected in the profession. They felt that their papers in their arguments and their ideas are getting dismissed out of hand. You know people are paying more attention to male colleagues narrow paying too that the as annual conference which is part academic conference franson part job fair is held in january and that's what's news for this monday afternoon. I'm anne marie for totally for the wall street journal. Thanks for listening.

wall street journal Journal china florida Dan trump bahamas Google Walmart spotify gimblett media reporter merrill hong kong assault wa florida coast doria hurricane president
What's Behind the Biggest Wave of Protests in Decades

The Journal.

18:40 min | 1 year ago

What's Behind the Biggest Wave of Protests in Decades

"Across the country protesters have taken to the streets for the last week. They have marched confronted riot police and chanted the name of the man whose death sparked these protests. had. These scenes are reminiscent of past protests like those for Michael Brown Freddie Gray and Eric Garner. But this time something is different. These protests are taking place in the middle of a pandemic. That has America's longstanding racial disparities in sharp relief. Black people are dying of covid nineteen at a disproportionate rate and black unemployment climb to sixteen point seven percent in April. Protesters say they're out in the streets for reasons that go beyond what happened last week in Minneapolis. Welcome to the journal our show about money, business and power I'm Caitlyn. It's Tuesday June. Coming up on the show why the killing of George Floyd has led to the biggest wave of protests in decades. Social distancing slows the spread of corona virus, so stay a minimum of six feet away from others and stay home. If you can more info at Corona virus, Dot Gov. Let's all do our part because we're all Hashtag alone together brought to you by the Ad Council. Protests in Minneapolis started after Florida was killed last week. Videos of the scene show him begging for air while under the knee of a city police officer. The footage sparked age. Carl locally, a twenty five year old, who joined in the protests remembers the first time. He saw the video of Floyd's death why them and Say why didn't know when help I mean to say hi. Newly answer right after thought it, which made me more frustrated felt powerless. Understatement if there's anything that can think of that as a better word, but angry angry. And, just really disappointed in our police there I mean I. Just couldn't believe that no one was able to go and try to saved. I mean no one saw that what was happening as far as offers me though no one thought that that was overly excessive, probably would even argue their place so I mean I. Knew I was just. I was living. Can you describe that anger? What what's added route. The if if the Senate, I know that I'm walking around causally and as barriers and I can't even physically dinner effect that were. Sitting here in a constant state of Am I doing the right thing and constantly like I'm not enough at all moments, because when I go to these interviews, and they see my dreadlocks like Oh your car locally at Basra. White Person Not that they say it I can see it in the manner. Maybe you car locally. That's me. And I'm not a horrible person. But. It sucked have to walk. At all. And I just don't know why. We have to go through these days from. Sales. NOT CONFUSION BUT! Did Not disappoint. Hard to be like man I'm not gonNA lie. Carl says that for him. That feeling of anger and frustration had been intensifying over the past couple of months. Unemployment rates have jumped in Minnesota since the pandemic hit, employers are laying off workers, not hiring them and Carl has been feeling that economic pain at a Dwi not long ago so I ended up getting out of jail maybe. Three days before they had started the whole government shutdown. Thing I didn't have adopt during that moment. So when I was applying for jobs. And everything was starting to shut down. It was a bleak moment. For me personally I'm homeless currently so I was trying to figure this out. You know people are out here, really trying to hit the reset button, but the system keeps you in check. As far as we know your tracks you. You can try to change, but we know your track. They're going to reach the same. Carl was already struggling and stressed, and when he saw the video of George Floyd. It added to that frustration. So he decided to join the protests to take action against what he sees as an unjust and racist police system. The world needs to know that this is happening. I mean it's one thing for us in our small communities to bow our FBI fat about it, but there's a lot more people so I mean everybody who's out there field is really expressing the voice of. Everyone just can't keep happening. You can't keep killing us. I don't believe in. You know the police anymore. I'm sorry Gabe reform as possible when that's the cool thing to drizly get to. We can't wait around for that. Karl says on the first day he joined the protest last week. Things seemed calm. It was peaceful. People were upset. Definitely has some powerful speakers. It was. Like a solidarity, we knew what we were therefore. But then they marched up toward the target. And it went. Completely There was no more. Organized Solidarity was riled. Anger frustration. Pent up aggression when I got there. They're all going through the back door and. I. Mean Utter Chaos. All of the things we're on the floor. To me like you're going into Pacific things or Dan was being stolen, but it didn't seem like that was the overarching idea that it was just a break and destroy the target to me I mean they were just pushing the racks over and busing open the windows to the doors when the police came made, their presence felt. Even worse, I mean I wasn't the time. China. Display a show of force by as a whole bunch of people from a whole bunch of different areas expressing anger. Doing my mom raised me better than that I think. Everything comes with consequence. I'm like broke them all. Let's leave get into our done with this. because. That's not something we see every day here with multiple fires, people being arrested big huge crowds I. Think people were overtaken by their most. The sadness to anger and in the burning and just A. Visual of that. You know what I mean because you feel that that's the fire. That I'll do. When I saw that fire over by the target, it was a huge fire in I'm like that is exactly what is in the test of all these people. and. It's destructive. It's killing burning everything. That kind of fire that sparked in Carl has spread protests started in Minneapolis but have picked up across the nation. I mean we're seeing it. In all different parts of the country in large communities in small communities, it really is more widespread than perhaps of single protests has ever been. Our colleague Elizabeth Kindle has been covering some of the protests in smaller and mid sized cities. We talked to people in areas that usually don't see these kinds of things like Raleigh north. Carolina Lubbock Texas Santa Rosa California and Omaha Nebraska. Over the past week, protesters in Omaha Nebraska's biggest city have taken to the streets on several nights, and there have been protests there that have gotten violent. The former police chief said that there hasn't been unrest like this there in at least half a century, and then I'd actually escalated to on Saturday night, a twenty two year, old black man was shot and killed by a local bar owner. The Douglas County Attorney said that the shooting was in self defense, and that they would not be filing charges against the bar. Owner and protests have continued to go on there and their spend high level of frustration you. Why do you think these protests? have become so widespread across the country. It's a fair number of things there's spin obviously a flash point of George Floyd's death, and then that comes amid this global pandemic. People have been stuck at home for a very long time. There's already a heightened frustration about a lot of things. So someone in the story called it the perfect cocktail for anger and the ingredients in this cocktail of anger. Go back decades quite often, police brutality, particularly the murderous variety. will be the spark. That ignites the powder cake. But the powder keg is something that's historical. That's after the break. Conditions we work in are changing more rapidly than ever. Employees are looking to leaders and leaders are searching for path forward. Time's up is here to help. The Time's of guide to equity and inclusion during crisis offers practical steps that leaders can take to care for their people equalize their workplace and lead with purpose. Download the new guide by texting inclusion, two, three, zero, six Dash, four four message and data rates apply text. Stop to opt out. Would welcome back. George! Floyd's death tapped into a deep well of anger one. That's been building for a very long time. We talked about the relationship between police, brutality and protest movements with Doctor Samuel Kelton. Roberts a professor at Columbia, university, who studies African American history and public health is been years really of not just. Police Abuse, but also quite often just intense structure in quality of deepening disparities in health in wealth in income and education. You know during the Depression World War Two era, and afterwards you had black communities in competition with white communities, immigrant, white native born white etc.. For jobs and for housing for political representation for basic services, Samuel says it's this combination police brutality layered on top of structural inequities that have touched off some of the biggest protests in recent history. What you see in Minneapolis. What we saw in Ferguson was on Baltimore what we saw Watson. The nineteen sixties Harlem in the nineteen sixties. All these were incidents where. Things that just hit a boiling point, and it was a matter of time. If things continue the way they are, this is what you get. This moment however is different. We're in the middle of a global pandemic. And a massive economic downturn. That it has caused. How has that changed the dynamics of this moment in terms of these protests? covid nineteen. Has Everything nothing to do with? The nothing part. Is. Police brutality however I. Think it had anything to do with cove in nineteen in the sense that this. The pandemic. And by the way, not just the pandemic itself, our response to has served as an a celebrant. To whatever spark might have hit this powder keg. The pandemic accelerated US toward this moment Samuel says because it's hit black communities around the country harder. In states that report racial data, black people make up about one third of the total deaths from covid nineteen. But they only make up thirteen percent of the total population in those states. Both the uprising. And The. Inequalities of in Mortality Morbidity in Covid nineteen both show. The deep fundamental causes and fundamental roots of structural racism, structural violence and inequities that we have in this country. Historically if you look at virtually any health condition. Like really investigate. You will learn. As much about how we've organized side at that historical moment. As you might learn about the epidemiology of the disease itself. His research shows that there have been many public health emergencies that have had an unequal toll on black people. For example, another respiratory disease that was one of the top killers in the late nineteenth and early twentieth centuries. That was pulmonary tuberculosis. This is before the era of antibiotics. And there was no real treatment for you. Only prevention and the best prevention for was fresh air adequate housing with good ventilation. At CETERA, and that was not available. Sounds familiar sounds very familiar. Tenement regulations for example originate into Berkley closest control. Crowding regulations originated to. Control in era. Of Tuberculosis. What you had was very interesting and kind of a distinctly American way of doing rates politics, which was, you would have black leaders. In a few liberal white ones who would? Both. Argue that the common phrase was germs, no color line. And using the idea that. We need to attend to the health needs of black populations particularly, because if we don't we meaning White People If we don't then they will end up infecting US anyway. As our domestic servants as factory workers as food processors, etc, etc. Samuel sees a parallel in this pandemic. We need to be careful. About how we do politics, a era of covid nineteen, because you see that a lot as well people appealing to considerations of black and Brown. And immigrant communities because they're the ones who deliver our food from you know ubereats. Or seamless, or there are cab drivers in a lot of ways. It's a story of a lesson learned or not ever learned. For years, the message of the black lives matter movement has been that. Black lives are often considered disposable in America. It's a message that's come through loud and clear in these protests. And Samuel says in this pandemic to cove in nineteen is just one more reminder of that. Being black can be bad for your health. In that your life doesn't matter. So, it's very much connected. I don't know if there's a causal relationship from pandemic to today's uprising, but there's certainly is one from our longer history. Of Structural violence literal violence. And just overall inequality in so many ways that produced both of these moments as we are experiencing now and I think you put all that together. And there are a lot of people who've said you know this is enough. This is really this is too much enough already. And in the past have violent protests like these resulted. In Political Change? Yes. I? Know people don't WanNa. Believe that. But You have to remember that these don't come out of nowhere. Quite often and uprising particularly when this scale. Is. A collective expression of enough is enough. And time is up so to speak. I think at a certain point. People say the system does not work. Some of the most momentus changes unfortunately have come after. National uprisings like this. That's all for today. Tuesday June second. The Journal is a CO production of Gimblett and the Wall Street Journal special thanks to Aaron elworthy Ariane Campo, Flores, and val bore line for their reporting on this story. Additional audio from Peop- Hassan via story. Thanks for listening see Tamara.

George Floyd Doctor Samuel Kelton Carl Minneapolis America US Michael Brown Ad Council officer Omaha Nebraska The Journal FBI Covid Florida Basra Douglas County Harlem