Show Notes
Bonus Episode for Oct. 30. Package-delivery companies this week described the U.S. consumer as resilient. UPS and FedEx posted revenue growth that beat Wall Street estimates, and raised their outlooks for the year. While higher energy costs added to expenses, both companies benefited from higher fuel surcharges pegged to the price of diesel. Also benefiting from the rising cost of diesel were railroads, which won new business as companies switched to rail from trucks for delivery.
Pierre Bienaimé hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.
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More from WSJ What’s News
A.M. Edition for Oct. 30. This week’s tech selloff is intensifying after earnings updates from Amazon and Intel fan fears around the AI trade. Plus, Binance is targeted in the largest cyber heist in history. Our Alexander Osipovich has the details. And confectioners head to the lab to hunt for chocolate alternatives amid a growing cocoa-bean shortage. Luke Vargas hosts.
P.M. Edition for Oct. 29. The U.S. GDP grew 3.4% over the summer, beating expectations. WSJ economics reporter Konrad Putizer discusses how consumers and the AI buildout drove growth, and how the strong reading could influence the Fed. Plus, there are fewer swing voters than there used to be. But as Journal national political reporter Eliza Collins explains, parts of President Trump’s 2024 coalition—including Gen Z voters, Hispanic voters and even farmers—might be up for grabs. And disappointing earnings, along with fears about the AI trade, gave Alphabet stock its worst day ever and wiped out almost half a trillion dollars of market value. Alex Ossola hosts.
A.M. Edition for Oct. 29. Investors are punishing Alphabet after the company posted lower-than-expected revenue in its bread and butter search advertising business, while Microsoft gets a bump as growth in its cloud-computing unit eases investor worries about demand for its AI infrastructure services. Plus, Vice President JD Vance reaches out to one of Iran’s most powerful hard-liners in a bid to revive peace talks, even as President Trump threatens to restart the war after the midterms. And Trump ratchets up his election fraud allegations in Alaska’s senate race. Luke Vargas hosts.
P.M. Edition for Oct. 28. Last year, Weil Gotshal, a firm famous for handling bankruptcies of companies like Lehman Brothers and Enron, raked in more than $2 billion in revenue. Today, its leaders announced a plan to dissolve the firm. We hear from WSJ legal affairs reporter Erin Mulvaney about what’s behind the firm’s extraordinary fall. Plus, the Federal Reserve holds rates steady. But as Journal economics reporter Matt Grossman explains, dissents from two officials suggest that another rate hike might be close at hand. And Flávio Bolsonaro, who lost Brazil’s presidential election on Sunday, arrived in the U.S. today with his family. WSJ national security reporter Vera Bergengruen discusses how the Trump administration is involved and what Bolsonaro plans to do now. Alex Ossola hosts.
A.M. Edition for Oct. 28. Early Israeli election results show Prime Minister Benjamin Netanyahu’s coalition ahead of rivals but still shy of a majority. WSJ’s Anat Peled reports from Tel Aviv that high voter turnout and the lack of a clear winner underscore deep splits in Israeli society ahead of what could be complex efforts to cobble together a new government. Plus, we’ll tune into dueling rallies in Texas, home to what could be the most expensive Senate race in history. And memory-chip titan SK Hynix reaps a windfall from surging demand for AI hardware. Luke Vargas hosts.