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WSJ What’s News

Will Walmart Gobble Up Other Retailers’ Holiday Sales?

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 20 November 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 20. Heard on the Street columnist Jinjoo Lee explains how Walmart is outpacing competitors. And WSJ reporter Heather Somerville discusses the Pentagon’s move to buy thousands of surveillance drones from a little known Utah manufacturer. Plus, the U.S. House of Representatives ethics committee declines to release its report on President-elect Donald Trump’s Attorney General nominee Matt Gaetz. Tracie Hunte 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

Using my Berkeley Card Forward Credit Card to pay for the stuff I need now

0:03.2

could help build up my credit school for the day I need something bigger.

0:06.5

So buying a set of headphones, or waits for my workout, smashed it.

0:11.4

Could help in the future when I want to rent my first flat share.

0:15.4

Now that's forward thinking. Check if you're eligible at barclaycard.cote.

0:20.4

33.9% APR representative variables subject to application financial circumstances in borrowing history,

0:25.9

T's and Cs apply.

0:26.9

Responsible use of a credit card can help build your credit score when you pay on time.

0:32.5

It's a tale of two retail giants.

0:35.1

Target earnings disappoint a day after Walmart posed standout results.

0:40.2

Walmart has been so good at drawing customers in that Target might be something like a collateral damage to Walmart's success.

0:48.9

And a little-known Utah drone company wins a huge Pentagon contract. What would this mean for other U.S. drone manufacturers?

0:57.1

Plus, more Americans are struggling to pay their car loans. So why isn't Wall Street worried?

1:03.2

It's Wednesday, November 20th. I'm Tracy Hunt for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business

1:11.7

stories that move the world today.

1:16.1

We'll begin with developments in Ukraine. For the first time, Ukrainian forces today fired

1:22.0

British-made storm-shadow missiles into Russian territory. It's the second time this week that Kyiv has hit targets

1:29.1

inside Russia with newly authorized Western missiles. The Biden administration earlier this week

1:35.4

gave authorization for Ukraine to use the U.S.-made Army tactical missile system or attackams.

1:42.6

Keev for months has been seeking authorization to use long-range

1:46.5

missiles to strike Russia, but President Biden wary of escalating the conflict with held permission.

1:53.4

But the arrival of some 10,000 North Korean troops in Kursk has shifted the calculus.

...

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