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WSJ Minute Briefing

Home Depot Posts Lower Profit as Homeowners Hold Off on Big Projects

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 19 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: United Airlines says it expects 53 million travelers this summer—about 3 million more than last year. And Spanish police have arrested Jonathan Andic in connection with the death of his father, the billionaire founder of the fashion chain Mango. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:27.1

Here's your midday brief for Tuesday, May 19th. I'm Pierre Bienname for the Wall Street Journal.

0:33.0

Home Depot reported lower first quarter profit today. The company's CFO said homeowners are continuing

0:38.7

to pull back on big home improvement projects due to economic uncertainty. The company posted net

0:44.4

income of $3.29 billion in the quarter compared with $3.43 billion the previous year. United Airlines

0:52.1

says it expects 53 million travelers this summer, about 3 million more than last

0:57.1

year. The company said today that demand is particularly strong for destinations tied to major events,

1:02.9

like soccer's World Cup, August's total solar eclipse in Europe, and big concert tours.

1:08.6

And Spanish police have arrested the son of the billionaire founder of Fashion Chain Mango,

1:13.7

Isak Andik, in connection with his death.

1:16.2

The arrest of Jonathan Andick comes after his father fell more than 300 feet during a hiking trip in 2024.

1:22.6

The two of them were alone on the hike.

1:25.3

Isaac Andick was Mango's chairman and controlled the family's holding company, which owned a 95%

1:30.5

stake in the business.

1:31.9

Jonathan is now chairman of the family holding company, which he inherited along with his two

1:35.9

sisters.

1:36.9

A spokesperson for the family says Jonathan Andick is innocent and that he would cooperate with

1:41.3

investigators.

1:42.5

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

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