Trump’s Iran Speech Disappoints Markets

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 2 April 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 2. In a prime-time address to the nation roughly a month into the Iran war, President Trump claims the conflict is nearing an end, even as he says major attacks are still to come. WSJ national security correspondent Shelby Holliday breaks down what Trump said—and didn’t say—about how Washington plans to resolve the crisis in the Strait of Hormuz. Plus, the weight-loss pill battle begins after Eli Lilly’s Foundayo wins U.S. regulatory approval. And reporter Jeanne Whalen explains how nursing could be the new ticket to the elusive American middle class. 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	How are the U.S. businesses of Philip Morris International invested in America?
0:05.0	We're invested in advancing science, giving adults who smoke better options.
0:10.0	We're invested in American manufacturing, helping local economies thrive.
0:15.0	We're invested in community, supporting military veterans and their families,
0:19.0	disaster relief, and economic empowerment.
0:22.5	Because we're proud to be invested in America.
0:25.9	See how at uspMI.com.
0:32.8	President Trump makes the case that the war in Iran is nearing an end, even as major attacks loom.
0:39.3	We're going to hit them extremely hard over the next two to three weeks.
0:44.3	We're going to bring them back to the Stone Ages where they belong.
0:49.3	Plus let the battle of the weight loss pills begin as Eli Lilly's pill gets approved, and could
0:55.8	nursing be the ticket to the elusive modern middle class? It's Thursday, April 2nd. I'm
1:01.5	Lou Vargas for the Wall Street Journal, and here is the AM edition of What's News, the top
1:06.7	headlines and business stories, Moving Your World Today.
1:23.7	In an address to the nation last night, President Trump made his case that the month-old war in Iran was in America's interests and that any economic pain stemming from it would be over soon.
1:28.0	Journal National Security correspondent Shelby Holiday tracked Trump's remarks for us.
1:32.2	The biggest point of confusion that President Trump tried to clear up during his speech
1:36.3	seemed to be about the timeline of the war.
1:39.4	He went out of his way to allay fears that the U.S. is being dragged into a prolonged conflict and that U.S.
1:45.7	troops could be tied up in Iran for months or maybe even years.
1:48.9	Thanks to the progress we've made, I can say tonight that we are on track to complete all
1:54.6	of America's military objectives shortly, very shortly.
	...

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