Stocks Soar After Trump Cancels Threatened Strikes on Iran
6/11/202612 min
P.M. Edition for June 11. After threatening more strikes against Iran this morning and then calling them off, President Trump said this afternoon that there’s an agreement to end the war–although final details still need to be completed. Plus, Trump says he plans to nominate Jay Clayton, a top federal Manhattan prosecutor and former SEC chairman, as intelligence director. WSJ national security reporter Yoko Kubota discusses why this move might help defuse a fight with Congress over a crucial spying tool. And SpaceX officially sold $75 billion worth of shares, making it the biggest IPO ever. Asset managers like BlackRock helped: The Journal learned that it put in an order to buy at least $5 billion worth of SpaceX shares. Alex Ossola hosts. 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
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Alex Ossola· Host0:29
[upbeat music] President Trump has a new nominee for intelligence director that could help defuse a fight with Congress. Plus, Trump calls off threatened attacks on Iran, sending markets soaring. And Citigroup is using the blockchain to make it easier for wealthy clients to trade shares of private companies.
Gina Heeb0:50
The pitch that Citi is making is this structure is regulated, and so investors know what they're buying.
Alex Ossola· Host0:56
It's Thursday, June 11th. I'm Alex Osule 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. [upbeat music] SpaceX this afternoon disclosed that it has sold the more than 555 million shares in its IPO at $135 apiece, giving it a valuation around $1.77 trillion. And investors have lined up. The Journal has learned that the asset manager BlackRock has put in an order to buy at least $5 billion worth of SpaceX shares.