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The Journal.

Trump 2.0: Where Is The Economy Headed?

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 25 April 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

President Trump’s deportations, tariffs, federal layoffs and funding suspensions have generated nonstop headlines and frayed confidence, yet left surprisingly little trace on the economy. Hiring, spending and inflation look a lot like they did under Joe Biden. As Trump’s first 100 days draw to a close, Kate Linebaugh and Molly Ball explore the state of the U.S. economy with Chief Economics Commentator Greg Ip and try to understand what might be coming next.  Further Listening: - Taking Stock of the ‘Sell America’ Trade  - Inside the Harvard vs. Trump Battle  - How Frog Embyros Landed a Scientist in ICE Detention  Sign up for 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

Hey Molly.

0:07.5

Hey, Kate.

0:08.6

How was your break?

0:09.8

It was wonderful.

0:11.7

And while I love my job, it was great to get away.

0:15.8

And while you were away, were you able to get away from all things Trump?

0:22.5

Well, pretty much. I mean, interestingly, the vacation I took for my kid's spring break was to Panama, which you may have noticed has been in the news lately.

0:32.1

As you might expect, from, you know, locals and tour guides and so forth, there were a few references to the fact that this country has been in the news recently.

0:42.3

Did you go to the Panama Canal?

0:44.4

I did. I actually spent my birthday on the Panama Canal on Sunday.

0:48.4

And it was really cool.

0:49.6

That's like the most molly ball thing ever.

0:52.2

You chose to spend your birthday on the Panama Canal.

0:57.0

So now that we're back, what's on your mind? Well, it does seem like I missed a lot of

1:02.9

gyrations in ye old economy. Like there was a lot of back and forth about the tariffs and the

1:08.5

deals and the economic stuff.

1:11.7

And the markets.

1:12.7

So I'm trying to catch up on where all that stands.

1:16.4

All right then. So let's dive in.

1:22.8

From the journal, this is Trump 2.0.

1:26.3

I'm Kate Linebaugh.

1:27.4

And I'm Molly Ball.

...

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