the Wall Street Journal Podcast

WSJ Aug 1 Analysis: GDP Data Rigged? AI Killing American Dream


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US Q2 GDP growth of 3% driven by trade distortions, real private demand up only 1.2% - lowest since late 2022. Historic Fed dissent as two governors openly oppose rate hold. Meta's $72B and Microsoft's $30B AI bets pay off, but traditional entry jobs vanish with 30% surge in application competition. Ford loses $800M to tariffs, Nissan faces fourth consecutive quarterly loss with $2B annual tariff bill. Data center power demand explodes to 40GW triggering cost crisis.

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the Wall Street Journal PodcastBy Wall Street Podcast