Trump Allies Draft Plans for Mass Deportation of Migrants

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 17 May 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 17. Advisers to the former president are drawing up plans for an unprecedented immigration crackdown that could lead to the deportation of as many as 20 million migrants. Plus, China has announced its first large-scale intervention into the country’s collapsed housing market, by buying unsold homes. And the WSJ’s Nicole Friedman explains why the tide might finally be turning for U.S. buyers, as the amount of homes for sale picks up in Florida and Texas. Luke Vargas hosts. Correction: Chinese authorities are buying unsold homes. An earlier version of this podcast incorrectly said Beijing was buying unfinished and unsold homes. (Corrected May 17) 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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0:15.5	slash Wall Street.
0:17.2	Donald Trump's allies draw up plans for mass deportations that could affect up to 20 million people.
0:27.0	Plus, the IMF urges the US to ease off its China trade spat for the good of the global economy and signs that the US
0:36.4	housing market could be shifting back in favor of buyers.
0:40.6	So in certain markets in Florida and Texas we are seeing a notable increase in the
0:46.3	number of homes for sale and so we really are seeing that this is really
0:49.8	becoming more of a balanced market less of a sellers market.
0:54.0	It's Friday, May 17th.
0:56.0	I'm Luke Vargas for the Wall Street Journal,
0:58.0	and here is the AM edition of What's News.
1:01.0	The top headlines and business stories moving your world today.
1:07.0	The International Monetary Fund is urging the U.S. to maintain open trade policies
1:18.8	and work with China to resolve disputes.
1:22.0	Referencing sweeping China tariffs announced by
1:24.8	President Biden this week, IMF spokesperson Julie Kozak warned that a
1:29.2	fragmentation of the global economy could lead to a wide range of losses for the US and others.
1:35.0	They can range from 0.2% of global GDP all the way up to 7% of global GDP and to put that in context 7% of global GDP which would be kind of
1:47.4	severe fragmentation represents the combined size of Germany and Japan's economies.
1:54.0	While that word of caution comes as China this morning revealed that consumption and investment
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