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WSJ What’s News

U.S. Stocks Set To Close Out Blockbuster Quarter

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 30 June 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for June 30. A premarket rally in tech companies is putting U.S. stocks on track for their best quarter since 2020. Investors pouring into AI suppliers have also boosted stock markets in Korea and Japan. But as the WSJ’s Jason Douglas explains, all that foreign money is weakening the Japanese yen and stoking inflation concerns. Plus, a federal judge rules the Trump administration unlawfully froze Hudson River tunnel funding. And WSJ correspondent Thomas Grove explains how Ukrainian drones are making Russians feel the hardships of war. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter.

Transcript

Click on a timestamp to play from that location

0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:25.1

While increasing megastore profits, they deserve it. Don't they?

0:29.9

Tell Congress, stop the Durban Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition.

0:33.9

A federal judge rules that the Trump administration unlawfully froze Hudson River tunnel funding.

0:40.8

Plus, how Ukrainian drones are making Russians feel the hardships of war.

0:46.2

And as inflation shows signs of pulling back across Europe, we'll look at why the continent needs all the help it can get.

0:53.3

The fact that Europeans are so anxious about spending, the fact that they're saving more,

0:58.6

that is really holding back the European economy.

1:02.5

It's Tuesday, June 30th.

1:04.1

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News.

1:09.0

The top headlines and business stories moving your world today.

1:17.6

In a break for East Coast commuters, a federal judge has permanently blocked the Trump

1:22.7

administration from withholding funds for a new rail tunnel connecting New York and New Jersey under the Hudson River.

1:29.6

Both states had sued after the administration said it wouldn't distribute funding for the project

1:34.3

as it reviewed whether it included DEI policies. In her ruling, however, Judge Jeanette Vargas cited public comments from Trump,

1:42.2

suggesting that the funding freeze was his personal decision

1:45.1

and was politically motivated. The White House referred requests for comment to the Transportation

...

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