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WSJ What’s News

Why Xi Jinping Is Coming to the Economy’s Rescue

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 17 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Oct. 17. WSJ correspondent Lingling Wei explains what convinced China’s leader to embrace broad stimulus measures after resisting prior calls to do so, even as he holds off on a full policy u-turn. Plus, Republicans worry Donald Trump’s strategy of outsourcing door-knocking may cause them to fall behind in key states. And scientists see hope in their race to save the banana. 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

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0:14.4

slash Wall Street.

0:19.5

Republicans fear Donald Trump's strategy of outsourcing door knocking won't get them enough votes.

0:26.0

Plus, McKinsey cuts hundreds of jobs in China as it pulls back on government-linked work,

0:32.0

and she Xinpeng reaches for the strong economic medicine he was reluctant

0:36.7

to prescribe, but is it what the patient needs?

0:40.1

According to a lot of economists and analysts, what China needs to do is not to keep building stuff, keep producing stuff.

0:49.0

What they need to do is to try something bigger to bolster demand.

0:55.0

It's Thursday October 17th.

0:57.0

I'm Luke Vargas for the Wall Street Journal,

0:59.0

and here is the AM edition of What's News.

1:02.0

The top headlines and business stories moving your world today.

1:11.7

We begin with the race for president as swing state Republicans are rushing to

1:15.8

bolster Donald Trump's ground game amid concerns among donors, political

1:20.4

operatives, and lawmakers that his campaign's outsourcing strategy could come up short.

1:26.1

To date, the Trump campaign has gambled that it can use outside groups like turning point action

1:31.2

to pay people to knock on voter doors instead of doing as much in-house,

1:36.4

leading a GOP operative in Michigan to warn that the campaign is knocking on one-tenth

1:41.1

of the doors that they did in 2016. An RNC official pushed back saying

1:46.4

their efforts have yielded five times as many Michiganders committed to vote for

...

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