| [Newspaper. ] |
| What's News |
| [Sun icon. ] | Good Morning Here's what we're watching as the U.S. business day gets under way: | | |
| Fiat Chrysler pulls offer for Renault. Fiat Chrysler withdrew its proposal to merge with Renault after the French government and Renault's alliance partner, Nissan, declined to back the deal. The Italian-American auto maker's merger proposal aimed to build scale to cope with slowing sales and the rising cost of developing electric vehicles and self-driving cars. Shares of both companies fell after the deal was called off. 🎧 Hear more about why Fiat Chrysler withdrew its offer in today's What's News podcast. | |
- Top Fiat executive files whistleblower lawsuit. U.S. sales chief Reid Bigland filed a lawsuit alleging the car company retaliated against him for cooperating with a federal investigation into its sales-reporting practices. Mr. Bigland said the auto maker slashed his pay by 90% to punish him for cooperating with an investigation by the SEC.
| |
| |
| Border arrests climb amid threat of tariffs. New figures showed U.S. apprehensions at the southern border accelerated, as Mexican officials made a last-ditch effort to head off tariffs President Trump has threatened to impose on Mexican imports unless the country does more to stop the flow of migrants. Mr. Trump reiterated he was prepared to put the tariffs into effect next week. | |
- As tariffs bite, get ready for a 1970s-style supply shock. Market turmoil over U.S. tariffs on China and the threat of the same on Mexico stems from a fear of the unknown: No one knows what a trade war will look like, but the 1973 Arab oil embargo holds some clues, Greg Ip says.
| |
| |
| U.S. oil sinks into a bear market. U.S. crude futures sank into a bear market, falling more than 20% below their April peak, as the global-growth worries gripping financial markets were compounded by fears of a supply glut. Oil closed down 3.4% at $51.68 a barrel, but recovered some ground today. Don't miss our weekly must-read on energy markets, delivered Mondays to your inbox. Subscribe now. | |
- Why the VIX keeps investors on edge. Since the financial crisis, the Cboe volatility index—known as the VIX—has been considered an early warning signal for market distress. But how does it work? The Journal explains in this video.
| |
| |
| Veterans, leaders mark 75th anniversary of D-Day. President Trump and Emmanuel Macron of France are attending a ceremony at the Normandy American Cemetery and Memorial, where some 9,300 men are buried, to commemorate the amphibious landing on June 6, 1944, that turned the tide of the war. | | |
| U.S. spent two weeks on edge over Iran's missile boats. For two weeks in May, the U.S. military shadowed two Iranian commercial boats sailing around the Persian Gulf as policy makers in Washington and Tehran traded threats and taunts. Here is how it played out day by day. | |
| USC football great Pat Haden under scrutiny in admissions scandal. Federal investigators are examining whether the former USC athletic director and NFL quarterback played a role in the national college-admissions cheating scheme. | |
| When rising rents collide with immigration. Motels, apartments and single-family homes in California's Central Coast agricultural region are being converted to dormitory-style residences for migrant farmworkers, tightening the supply of housing and pushing up already high rents. | | |
| | [Forward icon. ] Share this email with a friend. Forward | [Friend icon. ] Forwarded this email by a friend? Sign Up Here | | | |
| |
| | ANDRIANA MEREUTA FOR THE WALL STREET JOURNAL | | |
| Testing the fix for the troubled 737 MAX. The Journal got an exclusive look inside a Boeing flight simulator with two American Airlines pilots trying out a fix to the software flaw that is believed to be behind two fatal crashes in Indonesia and Ethiopia. | |
- Boeing's MAX grounding lifts companies that rent out airplanes. The global grounding of Boeing's 737 MAX jetliners has upended air travel, but one little-noticed corner of the aviation industry is benefiting from the problems: companies that rent out planes and staff.
| |
| |
| Lowville had lots of water. Then string cheese came to town. Kraft Heinz's status as a revered employer in an upstate New York community was tested when a thirsty new operation strained water supply. A potent mix of population growth, industrial demand and climate change is putting relentless stress on water resources around the world. | |
| YouTube bans hateful videos. The company said it is stepping up efforts to scrub hateful content from its platform, including videos that deny historical events like the Holocaust, taking on more of the task of judging the validity of information on its video-streaming site. | |
| It's OK. Don't cook. This approach is just as healthy. There's so much pressure to put dinner on the table, but we often lack the time. Good news: A rising wave of services and strategies let you eat healthy without getting anywhere near a stove. | | |
| As floods approach, divers plug up sewers in river towns. Communities along the Mississippi have been rushing in recent days to shore up defenses against the raging river, which is set to reach its highest crest of the year this week, following a severe winter and very wet spring. | |
| Rahm Emanuel is going to Wall Street. The former Chicago mayor and longtime Democratic operative will join boutique investment bank Centerview, bringing a Rolodex built over a 30-year political career. He will open a Chicago office for Centerview and advise clients on merger deals and other matters. | |
| Golf-home owners chip in to save courses. This long-shot approach requires residents to provide plenty of money, time and labor, from mowing grass and washing dishes to accounting, with no guarantee of success. | | |
| |
| | What Members Are Talking About | | |
| |
| |
| |
| | | Highlights from our tax coverage | | |
| 1. Senators aren't the retiring sort. The U.S. Senate isn't rushing to pass a House overhaul of retirement tax policy, as senators mull further changes. 2. Lawsuit alleges tax evasion by the Trump Organization. A former business partner in Panama has accused an arm of the president's companies of failing to pay taxes on fees it says the company collected and sent to President Trump's personal bank accounts in the U.S. The Trump Organization rejected the claims. 3. To Roth or not to Roth? Readers had questions about the relative merits of traditional and Roth IRAs and 401(k) plans for retirement savings. Wall Street Journal tax columnist Laura Saunders explains. — Theo Francis | |
| |
| Jaguar Land Rover's turnaround ends in China. Britain's Jaguar Land Rover, a unit of Tata Motors of India, had an ambitious expansion planned in China—until consumers there pulled back on big-ticket purchases. | | |
| |
| Roosevelt Signs Securities Exchange Act President Franklin D. Roosevelt signed the Securities Exchange Act of 1934. The law gave the newly formed Securities and Exchange Commission power and oversight over the nation's brokerage firms, transfer agencies and exchanges like the NYSE. | | |
| |
| |
| |
