Trump Effect Starting to Show Up in Economic Data

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 16 July 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for July 16. New economic data is starting to reflect the president's tariff and immigration policies, which are filtering through to price tags and weighing on the job market. Plus, President Trump is expected to sign an executive order to help make private-market investments more available to 401(k) plans. And from golf to flattering text messages, WSJ’s chief European political correspondent Bojan Pancevski explains how a charm offensive by EU leaders has helped turn President Trump against Vladimir Putin. Azhar Sukri 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	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
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0:13.0	Reach sales professionals, not professional sailors.
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0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:30.3	Hey, it's Luke Vargas, and before we start the show today, I've got a little announcement,
0:34.0	which is that I'm going on parental leave, or should I say I'm actually
0:38.1	already on it, which means you won't be hearing from me for a few months. While I'm out,
0:42.6	Azhar Sukhri will be filling in for me until early winter. You're in great hands until
0:48.2	then, and I'll be back before you know it. And with that, over to the What's News team for today's
0:53.2	episode.
0:59.4	It's being called the Trump Effect.
1:04.0	The president's policies are starting to show up in inflation and employment.
1:12.8	Plus, the Trump administration is planning on making it easier for your retirement plan to invest in private markets. Europe's charm offensive. We look at how flattery and back-channeling with Washington could help Ukraine.
1:18.2	Mark Rute, the chief of NATO, he sent flattering text messages to Trump.
1:24.2	The president of Finland, he's a great golf player. So they play this tournament in Trump's
1:29.4	golf club in Florida. And ever since they've been actually talking on the phone, communicating
1:34.7	quite intensely. It's Wednesday, July the 16th. I'm Azhar Sukri for the Wall Street Journal.
1:40.9	Here is the AM edition of What's News, the top headlines and business stories moving
1:46.2	your world today. New data show that President Trump's policies, particularly on tariffs and
	...

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