Why It’s So Hard to Crack Down on Deadly Counterfeit Air-Bag Parts

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 9 July 2026

⏱️ 12 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

P.M. Edition for July 9. Federal safety officials have linked air-bags with counterfeit parts to at least 10 deaths in the U.S. since 2023. WSJ autos reporter Ryan Felton discusses why fixing the problem is so difficult, and what you can do about it. Plus, the Manhattan high-rise that was at risk of partial collapse earlier this week was one of a growing number of office-to-apartment conversions. We hear from Journal reporter Rebecca Picciotto about why it’s a reality-check moment for developers and investors. And U.S. existing home sales end the crucial spring season on a sour note, with a sharp decrease in June. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	Attention all passengers.
0:04.2	The Uber ride for Mark and Jamal's romantic weekend
0:07.3	will depart in four minutes from Platform 6.
0:10.5	Your ride comes with a rolling countryside sunset view
0:13.7	and a table seat, ideal for playing footsie beneath.
0:17.9	Thank you for booking your tickets on Uber.
0:21.7	Trains on Uber. Trains on Uber.
0:26.6	Continued exchanges of fire with Iran could put the U.S. as energy security at risk.
0:32.2	And why it's so difficult to crack down on airbags with counterfeit parts that have killed at least 10 people.
0:38.7	Plus, the Manhattan high-rise scare is a reality check moment for developers.
0:42.9	Ultimately, there's a question on, are lenders and investors going to have to reprice the risk of doing an office-to-residential conversion?
0:51.9	It's Thursday, July 9th. I'm Alex O'Sillif for the Wall Street Journal.
0:56.2	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:03.2	We're going to be talking about the real estate industry later on today's show. But first, a bit of data on
1:08.9	the housing market. The spring selling season has ended,
1:12.0	and it wasn't great. The National Association of Realtors said today that U.S. existing home sales
1:17.7	fell 2.4% in June, worse than expected. Economists have dimmed their projections for the year.
1:24.0	That's because of higher mortgage rates and record home prices. The Federal Reserve has
1:28.7	named more than a dozen external advisors to lead five task forces that will examine the
1:33.6	central bank's operations. The picks are mainly academics, but there's also the former CEO of
1:38.9	Walmart, Doug McMillan, and venture capitalist Mark Andreessen, who's a big supporter of the Trump
1:43.7	administration.
	...

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