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WSJ Minute Briefing

Long Island Rail Strike Hits Commuters

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1670 Ratings

🗓️ 18 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: The U.S. and China have agreed to establish bilateral boards of trade and investment. And coal is making a comeback as the Iran war continues to choke off energy supplies. Daniel Bach hosts. Sign up for 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

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:27.3

While increasing megastore profits, they deserve it. Don't they? Tell Congress, stop the Durban Marshall money grab for corporate megastores. Paid for it by the Electronic Payments Coalition.

0:34.4

Here's your morning brief from Monday, May 18th. I'm Daniel Bach for the Wall Street Journal.

0:38.7

The strike on the Long Island Railroad is entering its third day after unions and the Metropolitan Transportation Authority negotiated through the night, but failed to reach a deal.

0:48.7

About 300,000 passengers used the railroad which connects Long Island to New York City.

0:53.6

The MTA has arranged some

0:55.0

limited shuttle service, but is advising commuters to work from home and avoid non-essential travel.

1:01.6

China said it has agreed to establish bilateral boards of trade and investment with the United

1:06.5

States in a move towards shoring up a commercial truce between the world's two largest economies.

1:12.5

China's Ministry of Commerce also said the U.S. agreed to sell aircraft as well as aircraft

1:16.5

engines and components to China, a boost for one notable industry where the country lags behind

1:22.1

the U.S. How the boards would meet and operate still needs to be negotiated. But the U.S. trade representative

1:28.1

Jameson Greer says that the U.S. now has what he called strategic stability with China.

1:33.8

And with the war in Iran effectively shutting the Strait of Hormuz and cutting off liquefied natural gas supplies, coal is making a comeback.

1:41.2

Taiwan and South Korea, among Asian countries that are more reliant on LNG

1:45.2

imports are both turning to coal, which emits around double the amount of carbon dioxide

1:50.4

as burning natural gas. Even Italy has put its coal plants on standby as the country prepares

...

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