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WSJ What’s News

Musk Admits ‘Difficulty’ Running Businesses Amid DOGE Work

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 11 March 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Mar. 11. Tesla stock fell 15% on Monday in its worst trading day since 2020, as Elon Musk concedes his work in Washington is making it hard to focus on his business empire. Plus, global markets try to shake off yesterday’s down day on Wall Street as fears about the U.S. economy mount. And WSJ national security correspondent Michael Gordon joins us from Saudi Arabia, where the U.S. and Ukraine are trying to mend ties and pave the way for peace talks with Russia, Luke Vargas hosts. Check out our special series on how China’s trillion-dollar infrastructure plan is challenging the West. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:33.5

Global markets try to shake off yesterday's down day on Wall Street as fears about the U.S.

0:39.1

economy mount. Plus, as Tesla's stock skids, Elon Musk admits his work in Washington is making it hard to focus on his businesses.

0:48.5

And we'll get the latest as the U.S. and Ukraine try to mend ties and pave the way for peace talks with Russia. The purpose of the meeting is to sort of write the U.S. and Ukraine try to mend ties and pave the way for peace talks with Russia.

0:55.6

The purpose of the meeting is to sort of write the ship after that very fraught meeting between

1:00.7

President Trump, Vice President J.D. Vance and Zelensky. The vibes are good. The proof will be

1:06.0

in the pudding. It's Tuesday, March 11th. I'm Luke Vargas for the Wall Street Journal,

1:10.6

and here is the

1:11.6

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

1:19.4

Markets across Asia and Europe are attempting to find their footing today after yesterday's

1:24.3

big slides on Wall Street, as concerns grow about the U.S. economy tipping into a recession.

1:30.9

Economists are increasingly gloomy, with J.P. Morgan Chase bumping up the possibility of a recession this year to 40% from 30% at the start of the year,

1:40.4

while a team at Goldman Sachs put those odds at 20% on Friday, but noted that number could go up if the Trump administration sticks to its policies even as data worsens.

1:51.5

Journal of Finance Editor for Europe, Alex Frankos, joins me now, and Alex, we are seeing the administration doing just that.

1:59.0

Yeah, and I think that's what has people concerned.

2:01.8

The market was believing, you know, over the last month that a lot of the tariff talk was

...

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