Elon Musk Is Betting Big on Retail Investors With SpaceX’s IPO
6/10/202614 min
P.M. Edition for June 10. Everyday investors have coalesced into a market-moving force in recent years. WSJ markets reporter Hannah Erin Lang how Elon Musk is tapping that force for the SpaceX IPO. Plus, we exclusively report that the U.S. Attorney’s Office in Washington, D.C. has subpoenaed some of the country’s biggest banks as part of a probe into “debanking.” And consumer prices rose 4.2% last month, hitting a three-year high and causing stocks to dive. We hear from Journal economics reporter Harriet Torry about what the war in Iran has to do with it. Alex Ossola hosts. The WSJ Guide to Choosing a World Cup Team (and Your Backup) Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 10:00
[intro music] From the Goldman Sachs Trading Floor. In 10 minutes or less, investors and analysts share timely analysis on the week's market activity. The Markets podcast from Goldman Sachs. Listen now.
Alex Ossola· Host0:13
[news music] Bill Gates tells Congress that Jeffrey Epstein tried to use his infidelities against him.
Speaker 3· Soundbite0:23
Uh, I hope my testimony is helpful to the work, important work of the committee to find justice for the victims.
Alex Ossola· Host0:30
Plus, the Justice Department escalates President Trump's campaign to find evidence that big banks were de-banking conservatives, and inflation jumps to a three-year high in May.
Harriet Torry0:41
And that creates a lot of headaches for households when their incomes are not keeping up with what they're spending on groceries, on rent, on gasoline.
Alex Ossola· Host0:48
It's Wednesday, June 10th. I'm Alex Osula for The Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that moved the world today. We begin this evening in Washington, where President Trump said that the US would resume attacks on Iran later today. That's what he told reporters in the Oval Office.
Speaker 3· Soundbite1:10
So we'll see what happens, but we hit them hard yesterday, and we're gonna hit them again hard today.
Alex Ossola· Host1:16
Trump said the flare up in fighting comes as both countries continue to work on a lasting peace deal. On social media today, Trump said that Iran has taken too long to negotiate a deal, and, quote, "Now they will have to pay the price."