What’s News in Markets: The War Trade, Megadeals and a Sneaker Slowdown

Why are oil prices and oil stocks moving in opposite directions? And are megadeals a recipe for buyer’s remorse? Plus, get ready for one of the biggest IPO of all time. Host Imani Moise discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 3. WSJ senior video and national security correspondent Shelby Holliday gives us the latest on the F-15E fighter jet and its missing crew member. A second American warplane was hit; the pilot is safe after flying out of Iranian territory and ejecting from the aircraft. Plus, the U.S. economy added 178,000 jobs in March, far exceeding expectations. We hear from Journal economics reporter Matt Grossman about the economy’s bright spots. And in the months since Nicolás Maduro’s ouster, prospective investors have been visiting Venezuela. WSJ South America bureau chief Juan Forero talks about the risks they’re taking. 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 3. Tehran is responding to the threat of possible U.S. military action on its soil by stepping up defenses around its biggest oil port and launching a mass recruitment drive reminiscent of its 1980s war with Iraq. Plus, WSJ reporter Hannah Erin Lang discusses how investing platform Public hopes to gain more users by offering AI agents that can help put their brokerage accounts on autopilot. And WSJ data reporter Inti Pacheco breaks down how tariffs, bad weather and commodities trading is making coffee more expensive. 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 2. Bondi’s ouster caps a tumultuous tenure as head of the Justice Department. Journal reporter Ryan Barber discusses why she’s been pushed out, and who will replace her. Plus, Blue Owl—the poster child for private credit—is the latest fund to limit redemptions as investors seek to pull their money. We hear from WSJ credit reporter Matt Wirz about what this means for investors in the long and short term. And despite positive recent sales numbers from Tesla and Rivian, EV sales in the U.S. more broadly aren’t rising. As big U.S. automakers have scrapped their more ambitious EV plans, dozens of EV-parts factories are sitting empty or barely used. Journal autos reporter Sharon Terlep recently visited one of these factories and tells us about what amounts to a whole new Rust Belt. 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 2. In a prime-time address to the nation roughly a month into the Iran war, President Trump claims the conflict is nearing an end, even as he says major attacks are still to come. WSJ national security correspondent Shelby Holliday breaks down what Trump said—and didn’t say—about how Washington plans to resolve the crisis in the Strait of Hormuz. Plus, the weight-loss pill battle begins after Eli Lilly’s Foundayo wins U.S. regulatory approval. And reporter Jeanne Whalen explains how nursing could be the new ticket to the elusive American middle class. 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 1. Elon Musk’s company has filed confidential paperwork with regulators to go public, with shares listed this summer. WSJ reporter Corrie Driebusch explains why that timing is critical for the company’s long-awaited stock market debut. Plus, Anthropic is scrambling to contain the fallout after it accidentally exposed source code behind its popular AI agent app Claude Code. Journal tech reporter Sam Schechner joins to discuss what this means for the company that’s built its reputation on security. And President Trump trades barbs with Iran over control of the Strait of Hormuz, even as he threatens to take the U.S. out of NATO. 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. 1. After sustaining Iranian attacks for weeks, WSJ Middle East editor Andrew Dowell says the United Arab Emirates is working to persuade the U.S. and others to open the key Strait of Hormuz by any means necessary. Plus, the Supreme Court prepares to take on Trump’s efforts to limit U.S. citizenship – a case that’s pushing his relationship with the court to the brink. And Washington scores a major win in its race against Beijing for critical minerals in Africa. But as Alexandra Wexler Snow tells us, exporting cobalt from the Democratic Republic of the Congo is easier said than done. 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 Mar. 31. The U.S. stock market caps off a tough quarter with a huge rally. WSJ markets reporter Hannah Erin Lang says there’s one big factor driving the turbulent trades. Plus, businesses paid $166 billion in illegal tariffs. WSJ legal affairs reporter Louise Radnofsky explains how uncertainty over refunds is leaving many companies in a cash crunch. And Unilever and McCormick strike a deal to create a giant new condiments company. 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 Mar. 31. Regular unleaded gasoline crosses the $4 a gallon threshold for the first time since August 2022, and is now up more than a dollar since the start of the war with Iran. Plus, with higher energy costs and the worst quarter for stocks in four years, WSJ markets reporter Sam Goldfarb discusses why bonds aren’t proving to be the safe havens many investors hoped for. And Washington moves to tax millionaires, as the tax divide between blue states and red states widens. 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 Mar. 30. The Labor Department proposed a new rule that would make it easier to invest in private markets through 401(k)s. It comes as investors pull money from some private-credit funds. WSJ retirement reporter Anne Tergesen explains the risks. Plus, last year OpenAI hyped up its new AI video product, Sora. So why did it abruptly pull the plug last week? WSJ tech reporter Berber Jin tells us. And the CEO of Air Canada is stepping down after he offered condolences for the LaGuardia Airport crash in English and not in French. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices