Markets Near Record Highs as U.S., China Sign Trade Deal

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 27 June 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for June 27. The White House says the U.S. and China have signed a trade deal struck last month, with China agreeing to speed up delivery of rare-earth minerals. WSJ reporter Kim Mackrael says a trade deal with the EU is also taking shape, and could see the bloc lower tariffs on U.S. imports in order to woo President Trump. And Rachel Wolfe explains why a pullback in spending by young Americans is making some retailers nervous. 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	Amazon offers term time working to their employees, like Anton,
0:05.0	who's home to look after his daughters during their holidays.
0:10.0	Hello!
0:11.0	To him, this is the best sound in the world.
0:13.0	Daddy!
0:14.0	Actually, maybe that's the best sound of all.
0:23.1	Now that's term time working.
0:24.5	Offered at Amazon.
0:26.8	Ten weeks off guaranteed per year.
0:29.0	Mix of paid holiday and unpaid time off.
0:29.8	Conditions apply.
0:38.1	President Trump continues to drum up support for his so-called big, beautiful bill,
0:40.4	urging Republicans to fall in line.
0:46.3	Plus, EU-US trade talks go down to the wire as the deadline to make a deal draws closer.
0:50.8	We're talking about potentially lowering some tariff lines, giving up some non-tariff barriers of the U.S. is identified identified and possibly buying some U.S. products.
0:54.9	And young Americans pull back on spending. It's Friday, June 27th.
0:59.9	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
1:04.9	the top headlines and business stories moving your world today.
1:12.2	We begin on Capitol Hill, where Senate Republicans say they're pushing ahead with plans
1:17.2	to vote on President Trump's so-called Big Beautiful Bill before next week.
1:22.8	The legislation hit a major roadblock yesterday when Senate parliamentarian Elizabeth McDonough effectively blocked
1:29.5	a number of GOP proposals central to it, including Medicaid cuts, ruling that they would have too
	...

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