How One Central Banker Is Sizing Up the Iran War

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 7 April 2026

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 7. With markets holding their breath ahead of President Trump’s deadline to bombard Iran’s infrastructure if it doesn't reopen the Strait of Hormuz, National Bank of Belgium Governor Pierre Wunsch explains how policymakers are coping with the ripple effects of the war. Plus, Bill Ackman’s Pershing Square Capital offers to buy Universal Music Group, the world’s largest music company and record label behind Taylor Swift and Bad Bunny. And Journal marketing reporter Patrick Coffee says some brands are adding ‘no AI’ disclaimers to advertisements to stand out amongst the slop. Luke Vargas 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	Isn't home where we all want to be?
0:01.9	Reba here for Realtor.com, the pro's number one most trusted app.
0:06.2	Finding a home is like dating.
0:08.0	You're searching for the one.
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0:15.3	Download the realtor.com app because you're nearly home.
0:18.9	Make it real with Realtor.com. Pro's number one most trusted app based
0:23.4	on August 2025 proprietary survey. Over 500,000 new listings every month based on average new
0:27.2	for sale and rental listings, July 24 to June 2025. Markets hold their breath ahead of President
0:35.3	Trump's looming deadline to take out Iran unless
0:38.4	it reopens the Strait of Hormuz.
0:41.0	Plus, how should central bankers respond to the ripple effects of the war?
0:45.2	We'll ask one.
0:46.2	If we are not at the end of it by June, we're probably going to have to high rates.
0:49.8	But if it would morph in some form of financial crisis or tension in financial systems, then it really becomes much more difficult to manage.
0:58.2	And Bill Ackman makes a play for the world's largest music company.
1:02.2	It's Tuesday, April 7th.
1:03.9	I'm Luke Vargas for the Wall Street Journal.
1:05.8	And here is the AM edition of What's News, the top headlines and business stories moving your world today.
1:16.2	Iran and the U.S. are rejecting each other's diplomatic offers, just hours ahead of President
1:21.5	Trump's deadline to start bombing Iran's bridges and power plants unless it opens the Strait of Hormuz.
1:29.8	We report that Iran has rejected a proposal from Washington that would have seen a 45-day pause in fighting in exchange for
	...

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