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The Wall Street Journal & Spotify Studios

The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.

Get show merch here: https://wsjshop.com/collections/clothing

The Journal.

President Xi Jinping has solidified control over China's military after firing his top general Zhang Youxia in an unprecedented military purge that has sent shockwaves through the country. The allegations against Zhang include corruption and a nuclear secrets leak. WSJ’s Lingling Wei explains how this move potentially gives Xi more room to pursue his long-standing goal of reunifying with Taiwan. Jessica Mendoza hosts.

Further Listening: 

- China's Cheap Goods Are Europe's Problem Now

- China and the U.S. Are in a Race for AI Supremacy 

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China's Disappearing Generals

Doug McMillon was Walmart's CEO for more than ten years, overseeing the company's return to retail success. WSJ's Sarah Nassauer sat down with him to talk about Walmart's turnaround, its future and a CEO's role in politics. Ryan Knutson hosts. 

Further Listening:

- The Battle to Be the King of Retail: Walmart vs. Amazon

- The 20000 Steps to a Walmart Manager's Six-Figure Salary

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Walmart’s Former CEO on the Company’s Turnaround

There’s a new social media platform for AI agents, but things are getting weird. It’s called Moltbook, and agents use it to apparently talk about things like coding and dating profiles, but also about overthrowing their human overlords and forming their own lobster religion. Initially, Moltbook shocked even some of the most experienced AI researchers, but how much of that is just humans messing around? WSJ’s Angel Au Yeung explains what’s actually happening on the site and how it came to be. Ryan Knuston hosts.

Further Listening: 

Vibe Coding Could Change Everything 

AI Has Come for Advertising 

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AI Bots Have Social Media Now. It Got Weird Fast.

This week, SpaceX and xAI, two companies controlled by Elon Musk, merged into a $1.25 trillion company. The deal combines a successful rocket and satellite business with an AI startup. Musk says the goal is to put AI data centers in earth’s orbit. WSJ’s Berber Jin reports on the deal. Jessica Mendoza hosts. 

Further Listening: 

The Woman Behind SpaceX

Her Client Was Deepfaked. She Says xAI Is to Blame.

Why Elon Musk’s AI Chatbot Went Rogue

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Elon Musk’s $1.25 Trillion Megamerger

Billionaire investor and CEO Ken Griffin runs one of the world’s most successful hedge funds, Citadel. He’s also a Republican who has been outspokenly critical of some of President Trump’s policies. Griffin sat down with WSJ Editor in Chief Emma Tucker at WSJ Invest Live to discuss his concerns about political uncertainty, the dangers of crony capitalism and the erosion of ethics in public service.

Further Listening: 

- JP Morgan CEO Jamie Dimon on What's Next for the Economy

- It’s Almost 2026. How’s the Economy

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Republican Megadonor Ken Griffin on Trump's Economy

Vibe coding, the process of turning a text prompt into actual software, has taken the AI world by storm. And it has investors in everything from software to legal services nervous. WSJ’s Joanna Stern and Ben Cohen tell us about their experience using Claude Code to develop an article. Ryan Knutson hosts. 

Further Listening:

The Era of AI Layoffs Has Begun

Her Client Was Deepfaked. She Says xAI Is to Blame.

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Vibe Coding Could Change Everything

Over the last year, the dollar has been declining in value. And last week, President Donald Trump said he wasn’t concerned about the recent slide. WSJ’s Greg Ip explains how a weaker dollar fits into Trump’s broader economic strategy to boost U.S. growth. Jessica Mendoza hosts. 

Further Listening: 

- Who Is the New Fed Chair?

- It's Almost 2026. How’s the Economy?

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The Dollar Is Weaker. Is That a Good Thing?

Kraft macaroni and cheese has been a household staple for decades. But owing to shifting consumer tastes towards healthier options and a tumultuous corporate shakeup, Kraft’s status as the big cheese is slipping. WSJ’s Jesse Newman reports on how Kraft lost its dominance in the mac and cheese aisle, and what the company plans on doing about it. Jessica Mendoza hosts. Further Listening: - Kraft Heinz’s Big Breakup - ‘It Came out of Nowhere’: The Rise of Dr Pepper Sign up for WSJ’s free What’s News newsletter.

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How Kraft Lost Its Mac and Cheese Crown

President Trump will be nominating former Fed official Kevin Warsh to be the next chairman of the Federal Reserve. WSJ’s Nick Timiraos profiles the pick, explores the lingering issues Trump has with the current Fed chair and details the implications for the U.S. economy. Jessica Mendoza hosts. 

Further Listening:

- Who Will Be the Next Fed Chair? Maybe Kevin

- Why is the Fed Chair Facing a Criminal Investigation?

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Who Is the New Fed Chair?

Howard Rubin is a Wall Street legend, famous in the 1980s and ‘90s for being a risk-loving star trader. He also allegedly was involved in secret sex trafficking for years, hidden in a midtown penthouse. WSJ’s Erich Schwartzel traces the saga and explains the allegations of abuse that ultimately led to Rubin’s arrest. Ryan Knutson hosts. 

Further Listening: 

- The High Pressure Tactics Gloria Allred Uses On Her Own Clients

- Behind the Scenes at Davos, Claims of a Toxic Boss

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A Wall Street Legend and His Penthouse Sex Dungeon

Danielle Gansky was diagnosed with attention-deficit/hyperactivity disorder at age 7. Soon, she was prescribed a daily cocktail of powerful psychiatric drugs that she would be on for years. A new Wall Street Journal investigation reveals that children who start on ADHD medication at a young age are more than five times as likely to be prescribed additional psychiatric drugs. WSJ’s Shalini Ramachandran breaks down that investigation. WSJ’s Ryan Knutson hosts.

Further Listening: 

- Is America on Too Many Psychiatric Drugs?

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For Many Kids on ADHD Pills, It’s the Start of a Drug Cascade

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