The Tech Company That Rejects 99.9% of Job Applicants

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 14 July 2026

⏱️ 13 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

A.M. Edition for July 14. New York becomes the first state to ban data center construction as builders and operators across the U.S. move to cash out and bring private equity in, to pay for even more data centers. Plus, Middle East oil producers and markets align behind the reality that the region’s supply chain may never return to the way it was. And Science of Success columnist Ben Cohen details the company that’s harder to land a job at than getting into Harvard or becoming a NASA astronaut. Daniel Bach hosts. Sign up for the WSJ’s free What’s News newsletter.

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.
0:25.1	While increasing megastore profits, they deserve it. Don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.3	Paid for by the Electronic Payments Coalition.
0:40.2	Oil prices continue to climb as fresh U.S. attacks on Iran and hopes of a quick resolution to the war.
0:45.5	A federal immigration officer kills a man in Maine, the second deadly shooting in a week.
0:51.2	And New York moves to ban the construction of data centers as the AI backlash grows. Any data center that's here has to cover the cost of their own energy.
0:56.0	You know, we just talked about the high cost of energies. It's not fair to ratepayers in our state.
1:02.0	They have to have a higher cost because of a data center coming in.
1:05.0	It's Tuesday, July 14th. I'm Daniel Bach for the Wall Street Journal, filling in for Luke Vargas. And here is
1:11.6	the AM edition of What's News, the top headlines and business stories moving your world today.
1:17.8	The U.S. launched its third consecutive night of strikes on Iran after President Trump announced
1:23.2	a multi-day wave of attacks and a renewed blockade in the Strait of Hormuz. The restart of fighting
1:29.4	in recent days and fresh block on Iranian shipping sent U.S. crude futures up nearly 10% yesterday,
1:36.0	wiping out a month of dropping oil prices that came after Washington and Tehran signed their
1:41.1	memorandum of understanding to wind down the war.
1:49.0	Journal Foreign Correspondent Georgi Kanchev says oil markets and Middle East producers now appear to be aligning around a new reality.
	...

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