The Energy Shock Is Here
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 15 April 2026
⏱️ 17 minutes
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| 0:00.0 | Hey everyone, it's Jess. |
| 0:02.0 | And Ryan, we have a live event coming up that you do not want to miss. |
| 0:06.1 | It's in Los Angeles, on Tuesday, April 28th at the L. Ray Theater. |
| 0:10.4 | We'll have Emmy winner and Oscar-nominated actor Riz Ahmed. |
| 0:13.6 | Who is in the Star Wars movie Rogue One. |
| 0:15.8 | And TV and film producer Franklin Leonard. |
| 0:18.0 | We'll be talking about the future of Hollywood, and we'll have a few |
| 0:20.9 | other surprises. Tickets are still available. Grab yours now via the link in our show notes. See you, April 28. |
| 0:32.0 | So before the war in Iran started, how were things going with the U.S. economy? |
| 0:42.3 | So at the start of the year, if you looked at surveys about business or consumer confidence, they were actually quite high relative to recent history. |
| 0:46.3 | Our colleague Dave Uberti covers markets in the economy. |
| 0:49.3 | Inflation was coming down, and consumer spending was pretty robust. |
| 0:55.8 | You had an economy coming into the year where there was a lot of tailwinds. |
| 0:59.8 | There was optimism that the uncertainty from the tariff turmoil of last year was dying down. |
| 1:05.3 | There was optimism that President Trump's tax cuts would boost the economy in certain ways. |
| 1:09.8 | And there was optimism that the U.S. |
| 1:11.2 | consumer was pretty resilient after the last several years or so. |
| 1:15.1 | Dave says back at the beginning of the year, there were some downward indicators, stagnant job |
| 1:20.6 | growth, for example. But overall inflation seemed to be mostly under control, higher than in |
| 1:26.6 | years past, but moving in the right direction. |
| 1:29.8 | That is, until a new report dropped last week. |
| 1:33.4 | New inflation numbers are not good, tripling in just a month, and driven by the biggest spike in gas prices in six decades. |
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