The IRS Shrank. Will That Lead to More Tax Cheating?

The automotive industry is facing a shortage of mechanics. Ford Chief Executive Jim Farley has said his company’s dealerships have 5,000 open jobs – positions he says can pay up to $120,000 a year. WSJ’s Christopher Otts explains why more people aren’t taking him up on it. Ryan Knutson hosts. Further Listening: - The 20,000 Steps to a Walmart Manager’s Six-Figure Salary - The Repo Man Is Busier Than Ever Learn more about your ad choices. Visit megaphone.fm/adchoices

Get your tickets to our L.A. live show here! The standoff in the Strait of Hormuz means millions of barrels of oil are still trapped in the Persian Gulf. As countries around the world begin to feel the impact of that energy shock, new inflation numbers are signalling that the U.S. economy is being impacted too. WSJ’s David Uberti explains how the stock market and consumers are processing what could be the worst oil crisis ever. Jessica Mendoza hosts. Further Listening: - The Strait of Hormuz Showdown - In Iran, an Uneasy Calm Amid a Cease-Fire - Will the U.S.-Iran Cease-Fire Hold? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get your tickets to our L.A. live show here!The Trump administration has shrunk the IRS. WSJ’s Richard Rubin reports on how the federal government has scaled back tax enforcement, leaving fewer federal employees to audit returns and collect unpaid tax debts. The cutbacks could lead to more Americans skirting the tax law. Jessica Mendoza hosts. Further Listening: - How Do You Refund $166 Billion? - DOGE: The Plan to Downsize the GovernmentSign up for WSJ’s free What’s News newsletter.Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump’s announcement that the U.S. military would blockade the Strait of Hormuz sets up a risky showdown to control the strategic chokepoint. WSJ’s Vera Bergengruen explains what the blockade could look like, explores the global economic damage caused by the conflict and discusses what could come next in the war. Jessica Mendoza hosts. Further Listening: - In Iran, an Uneasy Calm Amid a Cease-Fire - Will the U.S.-Iran Cease-Fire Hold? - Israel Wants "Decisive Victory" in Iran. Is It Succeeding? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Tom Curtis took over as president of Burger King in 2021, the company was struggling. After joining, Curtis worked to update restaurants and streamline the menu. Jessica Mendoza talks with Curtis about the fast food chain’s recent struggles, the rising price of beef and his turn as a social media influencer.  Further Listening: - KFC Got Fried in the Chicken Wars. Can It Come Back? - The Epic Mess at TGI Fridays - Red Lobster's New CEO Plots Its Comeback  - McDonald’s Wants To Offer Quality And Value. Can It Do Both? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get your tickets to our L.A. live show here!After nearly six weeks of war in Iran, a fragile cease-fire is holding for now. But for people on the ground, the uncertainty is far from over. Jessica Mendoza speaks with a Tehran resident living through the strangeness of war and WSJ’s Jared Malsin unpacks the sticking points for achieving long-term peace. Further Listening: - Will the U.S.-Iran Cease-Fire Hold? - Israel Wants "Decisive Victory" in Iran. Is It Succeeding? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. and Iran agreed to a two-week cease-fire. President Trump said the truce was conditional on Iran opening up the Strait of Hormuz. WSJ’s Damian Paletta explains how the fragile cease-fire came together, why there are still many unanswered questions and what comes next. Jessica Mendoza hosts. Further Listening: - Israel Wants "Decisive Victory" in Iran. Is It Succeeding? - Iran Thinks It’s Winning the War - The Escalating Crisis at the Strait of Hormuz Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get your tickets to our L.A. live show here! After the smash success of ChatGPT, OpenAI positioned its video generation model Sora as AI’s next consumer-friendly frontier. Disney signed on to the vision, promising a huge investment and allowing the studio’s characters to appear in Sora videos. Then OpenAI abruptly shut Sora down. WSJ’s Berber Jin takes us inside the pivot and explores what it means for the AI industry. Jessica Mendoza hosts. Further Listening: - OpenAI's 'Code Red' Problem - Is the AI Boom… a Bubble? - Artificial: The OpenAI Story Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A new billion-dollar industry of hemp-derived THC drinks exploded onto the market last year by exploiting an apparent legal loophole. Now, a federal ban is set to wipe the popular alcohol alternatives off shelves by November. WSJ's Laura Cooper and Cann CEO Jake Bullock detail the last-ditch effort to lobby Washington. Jessica Mendoza hosts. Further Listening: - How Scotts Miracle-Gro's Weed Business Went Up in Smoke - California's Wine Industry Is in Crisis Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get your tickets to our L.A. live show here!After Jeffrey Epstein’s death, Svetlana Pozhidaeva said she finally felt free. The former Russian model, who became one of Epstein’s “assistants” and a victim of his abuse, changed her name and moved to another city. Then the Epstein files dropped. WSJ’s Khadeeja Safdar unspools Pozhidaeva’s story and what it reveals about who Epstein allegedly ensared and how he did it. Jessica Mendoza hosts. Further Listening: - How Jeffrey Epstein Made Millions From His Connections - The Growing Fallout From the Epstein Files - Trump’s Letter to Jeffrey Epstein Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices