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WSJ What’s News

How Trump’s Policies Could Ripple Through the Housing Market

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 5 December 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Dec. 5. Home builders are warning that Donald Trump’s pledge to deport millions of undocumented immigrants and introduce new tariffs on U.S. imports could have a chilling effect on the industry. The WSJ’s Elizabeth Findell says this could push up already-elevated housing costs. Plus, Pete Hegseth says he’s “not going anywhere” as he fights to salvage his bid to become Trump’s defense secretary. And Bitcoin smashes the $100,000 ceiling thanks to hopes of a crypto-friendly Washington. Kate Bullivant 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

This podcast is brought to you by CME Group, the world's leading derivatives marketplace,

0:05.8

offering the widest range of global benchmark products across all major asset classes.

0:10.8

CME Group, where risk meets opportunity.

0:17.2

A manhunt continues after an executive is shot dead in Manhattan.

0:22.6

Plus Ukraine opens talks with Donald Trump's team over halting the war with Russia.

0:28.6

And how the president-elect proposed immigration and trade policies could ripple through the housing market.

0:34.6

Construction leaders are bracing for this causing the cost of housing to go up, which is problematic

0:43.0

because actually lowering the cost of housing was a large part of the campaign.

0:48.8

It's Thursday, December 5th.

0:50.5

I'm Kate Bullivant for the Wall Street Journal filling in for Luke Vargas. And here is the

0:55.6

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

1:03.7

The hunt for a suspect continues after United Healthcare CEO Brian Thompson was shot dead yesterday

1:10.6

outside a hotel in New York City

1:12.6

in what police are calling a targeted attack.

1:16.3

Journal video correspondent Shelby Holiday filed this update from downtown New York as the New York

1:21.9

Police Department ramps up its search.

1:24.5

Now with the manhunt underway, police tell us they're also looking backward to see if

1:28.6

there's footage of the suspect canvassing this area before the shooting. They also say they're

1:33.1

analyzing a cell phone that was found at the scene. For the latest updates on this developing story,

1:38.1

you can visit WSJ.com. Donald Trump has chosen Peter Navarro as a senior advisor on trade and manufacturing,

1:46.9

signaling his determination to follow through on imposing tariffs on US imports.

1:52.5

Navarro, who also advised Trump on those areas during his first term,

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