First an Energy Crisis. Now El Niño?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 June 2026

⏱️ 14 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

A.M. Edition for June 24. Progressive candidates allied with Zohran Mamdani swept through New York’s primaries, toppling more mainstream Democrats in deep-blue congressional districts. Plus, President Trump threatens big oil with a DOJ probe into why gasoline prices aren’t lower yet. WSJ markets editor Alex Frangos, explains the lag and gives us an update on movements through the Strait of Hormuz. And as the energy crisis stemming from the war on Iran eases, HSBC’s Frederic Neumann says a new one is brewing in Asia, as the onset of El Niño threatens the global economy. Luke Vargas hosts. Listen to all episodes in our series on ideas for fixing the housing crisis. Sign up for the WSJ’s free What’s News newsletter.

Transcript

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0:00.0	Your team just added its 67th AI tool and also your 67th security blind spot.
0:06.0	The good news, the Vantter agent works like a GRC engineer in the background,
0:11.0	finding every app your team uses, scoring the risk and drafting fixes for you.
0:16.0	Vanta is the platform used by over 16,000 fast-moving companies like Synthesia, Nandoz, and Granola,
0:23.1	who are shaping the future with AI and staying ahead of AI risk.
0:27.6	Get started at Vanta.com.
0:33.4	Zoran Mamdani leaves his mark on New York's congressional delegation,
0:39.0	boosting his standing as a Democratic kingmaker. Plus, President Trump threatens big oil with a DOJ probe over prices at the
0:45.3	pump. And we'll look at how El Nino could be the global economy's next big test.
0:50.5	We already had expected rising food prices. Now that we have an extra layer of very volatile
0:57.3	weather, high temperatures, drought, that's going to just exacerbate the stress on farmers
1:03.1	on the agricultural sector. It's Wednesday, June 24th. I'm Luke Vargas for the Wall Street
1:08.3	Journal, and here is the AM edition of What's News,
1:11.6	the top headlines and business stories moving your world today.
1:18.9	We begin in New York, where three congressional candidates backed by New York City Mayor
1:23.7	Zohran Mamdani have prevailed in primary races over more mainstream democratic opponents.
1:29.9	In a sign of the powerful anti-incumbent wave playing out this year,
1:34.0	32-year-old community organizer and Democratic socialist Darius Dari Elisa Avelia Chevalier defeated
1:39.6	Representative Adriano Espiont, the chairman of the Hispanic Congressional Caucus.
1:45.2	Despite him making history just a decade ago by becoming the first formerly undocumented
1:49.9	immigrant to be elected to Congress, Avila Chivalier used her victory speech last night,
1:54.9	heard here courtesy of Spectrum News, to cast him as out of touch.
	...

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