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WSJ What’s News

Wall Street’s Tech Selloff Goes Global

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 23 June 2026

⏱️ 15 minutes

🧾️ Download transcript

Summary

A.M. Edition for June 23. Monday's tech-driven market slide is accelerating, prompted by concerns around Big Tech’s AI spending plans and looming rate hikes. Plus, the Pentagon tries to drum up support on Capitol Hill for $80 billion more to fund the Iran war. And just a year after nine-figure compensation packages seemed to be fading, our annual CEO pay ranking shows the $100-million-plus salary is back with a bang. Luke Vargas hosts. Listen to all episodes in our series on ideas for fixing the housing crisis. Sign up for the WSJ’s free What’s News newsletter.

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:26.4

The Pentagon tries to drum up support on Capitol Hill for $80 billion more to fund the Iran

0:32.6

war. Plus say hello to nine-figure pay packages as CEO compensation source.

0:39.5

There were more CEOs making over $100 million than any time since 2021.

0:45.3

Almost a dozen CEOs were over 200 million.

0:49.1

And to build more homes in the U.S., do we need to rethink how they're built? It's Tuesday, June 23rd.

0:56.5

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

1:01.3

the top headlines and business stories moving your world today.

1:09.6

We begin with a tech-fueled market sell-off that's extending into a second day and spreading overseas.

1:16.7

Investors concerned about the cost of AI are taking stock while also weighing the continued downturn in SpaceX share since its Blockbuster IPO 10 days ago.

1:26.7

This morning, Asian markets closed lower after

1:29.9

South Korea's Kaspi tumbled 10% on losses in major chipmakers, including Samsung.

1:36.0

European tech stocks are also dragging down markets there, with Europe's most valuable

1:40.1

company, ASML, retreating 5%. And futures indicate that U.S. stock markets are in for another

1:47.0

downday as well, with Alphabet, Invidia, and Oracle, all falling sharply in pre-market trading.

1:53.5

Defense Secretary Pete Hegzeth is urging lawmakers to commit more funding for the Iran war, even as

1:59.7

talks continue to reach a concrete deal to end the

2:02.2

conflict. We reported last week that the Pentagon is seeking $80 billion in supplemental funding,

2:08.0

though a formal funding request hasn't yet been sent to Congress. The fresh funding push comes

...

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