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slash Wall Street.

Beijing's property sector interventions have yet to spark a much needed turnaround.

Plus, Wells Fargo's plan to let customers pay rent on their credit cards

backfires for the bank and how a subtle Biden tilt among seniors could be enough to tip the

election. 65 plus voters vote at a higher rate than other parts of the

electorate so a small shift can mean even more

because if you're getting higher turnout

in that block of voters, it can have an exaggerated impact.

It's Monday, June 17th.

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

The top headlines and business stories moving your world today. An attempted rescue of China's broken housing market is showing few signs of

triggering a turn around according to new economic data released today.

Journal Asia Finance reporter Rebecca Rebecca Fung, told me that comes despite Beijing recently cutting interest rates on mortgage loans, reducing minimum down payments, and empowering local governments to buy up

unsold homes.

Ultimately these policies are basically supposed to mop up excessive demand and persuade

homebuyers to basically reenter the market.

But the latest economic figures showed us these measures haven't quite worked yet.

In terms of home prices, we're seeing that in major cities new home prices fell 4.3% compared with the year earlier in May, and that's actually

widening from 3.5% decline in April.

...