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WSJ What’s News

What a Weaker Dollar Means for Businesses and the World

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 28 January 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for Jan. 28. The dollar is steadying following its biggest one-day decline since April’s global tariff turmoil. That’s after President Trump said he wouldn’t mind a weaker currency. WSJ editor Alex Frangos explains why that statement caused such a selloff. Plus it’s a big day for the AI trade as Nvidia begins selling its chips in China and suppliers post record earnings. And two Middle East leaders say they won’t help the U.S. in a possible attack on Iran as allies in the region reconsider their ties with Washington. 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

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.

0:26.2

What a sliding U.S. dollar means for businesses in the world, plus a big day for chip stocks as

0:33.4

AI spending booms, and a pair of Middle East leaders say they won't help the U.S. with a possible

0:39.3

strike on Iran as allies reconsider ties with Washington.

0:43.5

Both the Iranian and the Israeli strikes on Doha in Qatar are really frightened a lot of leaders

0:49.7

in the region and led them to question whether they can rely on the U.S. for their security.

0:55.0

It's Wednesday, January 28th. I'm Luke Vargas for the Wall Street Journal, and here is the

0:59.6

AM edition of What's News, the top headlines and business stories moving your world today.

1:09.7

The U.S. dollar is steadying this morning after sliding yesterday in the biggest one-day decline since April's global tariff turmoil.

1:18.6

Stock futures are also gaining ahead of the Federal Reserve's interest rate decision today,

1:23.4

where the central bank is expected to hold rates steady after three consecutive cuts.

1:28.4

Here's journal finance editor Alex Frankos.

1:31.1

The dollar fell yesterday and has been falling pretty much since Donald Trump came into office a year ago,

1:36.5

but took another leg down the beginning of this year, and it's now at a four-year low against other major currencies,

1:41.9

like the euro, the pound, the Swiss franc, the Australian dollar,

1:45.1

the Chinese yuan. So it's a really interesting backdrop. We got the Fed meeting. The Fed's not

1:50.0

expected to do anything, but it has been cutting rates. And that plays into dollar weakness when the

1:55.1

Fed is cutting interest rates that makes it slightly less attractive to own dollars. That's part of it.

2:00.8

But the bigger thing that economists and

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