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US stocks are rallying as Wall Street shrugs off recession signals, and how extreme heat

is straining the nation's infrastructure.

It's really going to take a real shift in thinking, think of it's going to be a warmer

climate, how can we adapt our building structure, our roads, what kinds of tolerances do we need,

what kinds of new materials, and new technologies, and the sort of chemical additives that may

be needed.

Plus how bath and body works cracked the code to Made in America.

It's Tuesday, July 25th.

I'm Amary for Tolley for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move

to the world today.

What's the US stock market telling us about the possibility of a recession?

Last week we talked about how difficult predicting that is, given economic indicators that can

at times contradict each other.

But as we prepare for the Fed's decision on rate hikes, we thought it'd be a good time

to check in.

And joining me now with more is Market's Reporter Karen Langley.

Are stocks have been rallying?

...