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WSJ What’s News

Baltimore Bridge Collapse Throws Shipping a Curveball

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 27 March 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for March 27. As a probe into the Baltimore bridge accident begins, we are exclusively reporting that it will include whether dirty fuel played a role. WSJ reporter David Uberti also helps size up the economic impact of the collapse. Plus, NBC News drops Ronna McDaniel under pressure from its on-air talent. And, the WSJ’s Ben Eisen breaks down how surging housing prices are drawing in investors eager to snap up homes nearing foreclosure. Luke Vargas hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Did you know you can listen to this show ad free on Amazon Music included with your Prime membership?

0:06.0

To start listening, download the Amazon Music App for free and catch up on the latest episodes without the ads.

0:15.6

As investigators search for the cause of yesterday's Baltimore Bridge Crash will

0:20.4

size up the likely economic impact of the collapse.

0:24.0

Plus, NBC News bows to internal pressure and cuts ties with former R&C Chief,

0:30.0

Rana McDaniel,

0:31.0

and House Flippers cash in on an increasing number of homeowners in

0:35.6

financial distress. You have a lot of cross-currents in the economy these days.

0:39.4

Unemployment's low, pay raises are pretty good, but you're seeing more people borrowing against

0:45.0

their 401k is to avoid foreclosure.

0:47.9

People falling behind on auto loans and you have credit card debt piling up for a lot of people.

0:52.2

The question is where does it go from here?

0:54.0

It's Wednesday, March 27th. I'm Luke Vargas for the Wall Street Journal and here is

0:59.2

the AM edition of What's News. The top headlines and business stories moving your world today.

1:09.3

We begin in Baltimore as investigators begin to probe the cause of a major bridge collapse yesterday

1:15.6

that left six people presumed dead.

1:18.8

We are exclusively reporting that the investigation will look into whether contaminated fuel played a role in a giant cargo

1:25.2

ship losing power and crashing into the bridge. While not common, blackouts at sea do happen

1:32.0

and have long been considered a major accident risk for ships.

1:36.4

The National Transportation Safety Board hasn't commented on what issues investigators

1:41.2

have so far uncovered.

1:43.0

Meanwhile, the economic impact of the bridge collapse and ensuing disruptions

...

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