A Chinese Glass Factory Opened in Ohio. Its Rivals Can’t Compete.

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 9 February 2026

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 9. When Chinese company Fuyao opened an automotive glass plant in Moraine, Ohio, its competition threatened about 250 jobs at a rival glass factory from a company called Vitro. WSJ trade and industrial policy reporter Gavin Bade visited Ohio to understand the risks of Chinese investment in manufacturing in the U.S. Plus, a housing bill set for a vote in the House as soon as tonight doesn’t feature one of President Trump’s signature housing proposals: a ban on Wall Street investors buying single-family homes. Rebecca Picciotto, who covers residential real estate for the Journal, breaks down how President Trump’s ideas for the U.S. housing crisis differ from plans on Capitol Hill. And longtime Epstein associate Ghislaine Maxwell declined to answer questions from Congress. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How are the U.S. businesses of Philip Morris International invested in America?
0:05.0	We're invested in advancing science, giving adults who smoke better options.
0:10.0	We're invested in American manufacturing, helping local economies thrive.
0:15.0	We're invested in community, supporting military veterans and their families,
0:19.0	disaster relief, and economic empowerment.
0:22.5	Because we're proud to be invested in America.
0:25.9	See how at uspMI.com.
0:33.2	The White House is having trouble convincing Congress to ban Wall Street from buying homes.
0:38.7	Plus, President Trump wants other countries to invest in manufacturing in the U.S.
0:42.9	What happens when that country is China?
0:45.4	What China Hawks in Washington would say is if you let companies that come from a non-market economy like China,
0:51.3	that is going to hollow out American manufacturing from within.
0:55.5	And Galane Maxwell takes the fifth today after questions from Congress.
0:59.5	It's Monday, February 9th.
1:01.5	I'm Alex Oscella for the Wall Street Journal.
1:03.8	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.3	Thank you. headlines and business stories that move the world today. The U.S. has captured another oil tanker after a month spent chasing it.
1:21.2	U.S. forces tracked the ship from near Venezuela all the way to the Indian Ocean.
1:25.5	It's the eighth-sanctioned oil tanker U.S. forces have grabbed.
1:29.6	Galane Maxwell, Jeffrey Epstein's longtime associate, today refused to answer questions from Congress.
1:35.2	The House Oversight Committee is investigating how the government handled the Epstein case.
1:39.6	Maxwell joined this morning's closed-door deposition virtually from prison.
	...

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