Why Apartment Building Developers Are Sitting on Empty Lots

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 4 June 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 4. Financing for apartment building construction has dried up, as housing and rental market reporter Will Parker explains. And Joseph Walker reports on how pharmacists are using social media to unionize. Plus, travel reporter Jacob Passy says unpredictable storms known as derechos could threaten your summer travel plans. Shelby Holliday 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	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.3	slash Wall Street.
0:18.6	Republicans and Democrats clashed while Attorney General Merrick Garland defended the Justice Department at a fiery congressional hearing today.
0:27.0	And after a historic boom, is the apartment building construction market going bus?
0:31.0	One of the big changes that happened two years ago was the rise in interest rates.
0:36.4	And this meant that a lot of projects that builders had been planning looked radically different.
0:41.6	Plus, pharmacists are using social media
0:44.1	in their push to unionize.
0:45.8	It's Tuesday, June 4th.
0:47.4	I'm Shelby Holiday for the Wall Street Journal.
0:49.7	This is the PM edition of What's News,
0:52.2	the top headlines and business stories that moved the world today.
0:57.0	A congressional hearing involving Attorney General Merrick Garland quickly devolved
1:06.1	into a partisan brawl today.
1:08.7	Republicans accused Garland of using the justice system to target former President
1:12.2	Donald Trump and protect his boss President
1:14.5	Joe Biden.
1:16.4	Democrats accused Republicans of running the Congressional Committee like, quote, a field office
1:21.0	for the Trump campaign.
1:22.5	During the hearing, Garland slammed attacks on the DOJ.
	...

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