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WSJ What’s News

What’s News in Markets: Capital One Gains, Consumer Conglomerate Woes, Alphabet Earnings Shine

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 26 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Why did Capital One’s merger news please investors? And how are tariffs worrying consumer conglomerates like Procter & Gamble? Plus, how Google parent Alphabet’s financials are holding up–for now. Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter .  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price. Tell

0:22.2

Congress to guard your card because Americans lose when politicians choose. Learn more at guard

0:29.0

your card.com.

0:33.3

Hey listeners, it's Saturday, April 26th. I'm Francesca Fontana for the Wall Street Journal, and this is What's News and Markets.

0:41.4

Our look at the biggest stock moves of the week and the news that drove them.

0:45.6

Let's get to it.

0:47.0

The sun has come out here in New York, so it feels fitting that we also got a break in the

0:51.4

clouds in the stock market.

0:53.4

The relief rally started with optimism for a trade deal after Treasury Secretary Scott

0:58.3

Besson said on Tuesday that he expects the trade war with China to de-escalate, even though

1:03.9

Beijing has said it isn't in negotiations with Washington.

1:07.7

And of course, some doveish comments from Fed officials on Thursday boosted hopes for lower

1:12.4

interest rates. That certainly didn't hurt. And it was after hours Thursday that we also got a

1:17.7

strong earnings report from Alphabet. More on that in a bit. And though stocks traded mixed

1:22.6

during Friday session, all three major indexes ended higher. That is a four-day winning streak for those

1:28.6

of you playing along at home. On a weekly basis, the Dow rose 2.5%. The S&P 500 gained 4.6%. And the

1:37.5

the NASDAQ jumped 6.7%. Early in the week, Capital One had some good news sending its shares higher, including

1:49.8

the green light on its merger with rival credit card giant Discover.

...

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