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WSJ What’s News

The Private Meetings in Which President Biden Appears To Be Slowing Down

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 5 June 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for June 5. WSJ reporters Annie Linskey and Siobhan Hughes reveal accounts from both Republicans and Democrats that, behind closed doors, President Biden shows signs of slipping. Plus, a new Texas stock exchange backed by BlackRock and Citadel Securities aims to challenge New York’s dominance. And, discount retailer Dollar Tree explores a sale or spinoff of Family Dollar. 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

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0:06.0

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0:11.0

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street.

0:18.6

Black Rock and Citadel plan to start a new stock exchange in Texas to escape Wall Street red tape.

0:26.5

Plus Discount Retailer Dollar Tree explores a sale or spinoff of struggling family dollar and will speak to the journal

0:34.2

reporters pulling back the curtain on accounts from Republicans and Democrats

0:38.1

that behind closed doors President Biden is showing signs of slipping.

0:42.8

His supporters want to see that state of the union version of him,

0:46.9

but in these small meetings time and time again,

0:50.0

they were seeing the sort of less spontaneous and less quick-witted version of the president,

0:57.4

and that was concerning.

0:58.7

It's Wednesday, June 5th.

1:00.4

I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News?

1:05.9

The top headlines and business stories moving your world today.

1:11.4

Wall Street could soon have competition in Texas.

1:15.0

We're reporting that a group backed by Black Rock and Citadel Securities

1:19.0

is planning to start a new national stock exchange based in a Lone Star State as they aim to take on what

1:24.8

they see as onerous regulation at the New York Stock Exchange and NASDAQ.

1:29.4

According to the CEO of the Texas Stock Exchange, or TXSE, the effort has raised approximately $120 million

1:38.0

and plans to file registration documents with the SEC later this year, with a view to hosting its first listing in 2026.

1:45.0

Journal markets reporter Anna Hurtenstein has more.

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