Stocks Soar, Oil Sinks After Iran Declares the Strait of Hormuz Open

P.M. Edition for April 17. After Iran’s declaration, President Trump said the U.S. naval blockade on Iranian ports would remain in place. Senior video and national security correspondent Shelby Holliday said confusion reigns for shippers in the region. Plus, U.S. stocks extended their rally, with fresh highs for the Nasdaq and S&P. What’s News in Markets host Imani Moise tells us why. And, WSJ reporter Kris Maher discusses how the clash between President Trump and Pope Leo has divided America’s Catholics. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 17. In a setback for GOP leaders in Congress, Republican lawmakers join Democrats in blocking a five-year renewal of a key national-security surveillance program and reinstating temporary legal protections for Haitian immigrants. Plus, Ford cautiously opens the door to partnerships with Chinese carmakers. And QVC files for bankruptcy, as the long-running shopping channel struggles to stay competitive with social media and Amazon Live. Luke Vargas hosts.  Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 16. The cease-fire, which went into effect today after nearly seven weeks of fighting, creates space for diplomacy. WSJ national security reporter Robbie Gramer explains what could undermine a potential peace agreement. Plus, while Trump says the U.S. might hold discussions with Iran this weekend, the U.S. is expanding its blockade. WSJ’s senior video and national security correspondent Shelby Holliday discusses how this applies more economic pressure to Iran. And Netflix announces that its chairman and co-founder Reed Hastings is leaving the board. Sabrina Siddiqui hosts.  Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 16. Washington dusts off its World War II playbook, asking manufacturers like GM and Ford to ramp up weapons production. Plus, we look at why pricier fuel is putting Spirit Airlines’ future in doubt. And Europe drafts a plan to protect the Strait of Hormuz after fighting stops. But as WSJ’s Max Colchester explains, it risks agitating President Trump who has appealed for immediate help with the Iran war. Luke Vargas hosts.  Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 15. President Donald Trump renews his threat to fire Jerome Powell. WSJ chief economics correspondent Nick Timiraos explains what the conflict between the White House and the Federal Reserve means for Trump’s Fed nominee Kevin Warsh. Plus, a jury finds Live Nation guilty of monopolizing the market for U.S. concert tickets. And LIV Golf is on the brink of collapse as a key funder considers backing out. Imani Moise hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 15. As tensions rise over the Iran war, American allies are drafting fallback plans for a “European NATO” should President Trump exit the alliance. Plus, Maine becomes the first state to block construction of large AI data centers. And after the Trump administration cut IRS enforcement staff, WSJ’s Richard Rubin looks at whether more Americans are prepared to cheat on their taxes. Luke Vargas hosts.  P.S., if Tax Day snuck up on you, it’s not too late to request an extension. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April. 14. Earnings reports out today from JPMorgan Chase, Citigroup and Wells Fargo show that customers continued to spend, borrow and invest, despite the war in Iran and AI jitters. WSJ investing columnist Spencer Jakab joins to discuss how this might be a great quarter beyond the banking sector. Plus, U.S. stocks extend their winning streaks; we hear from Journal markets reporter Hannah Erin Lang about what’s driving the rally. And Amazon has agreed to acquire satellite operator Globalstar for about $11 billion. Patience Haggin, who covers telecoms for the Journal, says the deal could help Amazon compete with Elon Musk’s Starlink internet network. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 14. To see how the finances of two of the biggest generations in American history stack up, WSJ’s Joe Pinsker looks at whether data on things like income, home prices and student debt can settle the debate. Plus, a double departure on Capitol Hill: Republican Tony Gonzales and Democrat Eric Swalwell both say they will resign from Congress following separate misconduct allegations. And Chinese exports slip, while luxury sales stall as the war in the Middle East shuts malls across the region. Luke Vargas hosts.  Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 13. New data out today shows that U.S. existing home sales dropped 3.6% in March, worse than economists expected. We hear from WSJ housing reporter Nicole Friedman about what’s driving the decline. Plus, Goldman Sachs kicks off earnings season with a record quarter in banking and trading And the U.S. blockade of the Strait of Hormuz is officially in effect. WSJ senior video and national security correspondent Shelby Holliday discusses the Trump administration’s goal in cutting off access to Iran’s ports, while reporter Joe Wallace talks about the impact on global oil markets. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 13. The U.S. plan to blockade the Strait of Hormuz sets up a risky new showdown that could draw American forces into a prolonged conflict over the strategic waterway, while compounding the economic damage caused by the conflict. Plus, Trump ally Viktor Orban loses Hungary’s election in a historic landslide. WSJ correspondent Matthew Luxmoore has the latest from Budapest. And California Rep. Eric Swalwell faces pressure to leave the House, after suspending his governor campaign following sexual misconduct allegations. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices