Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
Here is your Morning Brief for Tuesday, March 31st. I'm Luke Vargas for The Wall Street Journal. U.S. gasoline prices have crossed the $4 a gallon mark, according to AAA, and are now up more than a dollar compared to a month ago.
That's after a Kuwaiti oil tanker was struck by a drone near Dubai overnight in an attack that market analysts say highlights the growing threats to key shipping routes.
Chapter 2: What are the implications of Trump's willingness to end the war without reopening Hormuz?
It also comes as we report that President Trump has told aides that he's willing to end the war against Iran without reopening the Strait of Hormuz, a mission that he and his aides have assessed would push the conflict beyond his timeline. of four to six weeks. High earners in Washington state will face a new tax on income over $1 million starting in 2028.
The 9.9% tax was signed into law yesterday and comes as a number of Democratic states debate similar measures, which proponents cite as necessary to combat inequality and plug budget holes caused by President Trump's cuts to federal health and nutrition assistance programs. Republicans in Washington and beyond have warned that the tax could drive residents to move to lower-tax states.
And the American Heart Association is recommending getting protein from plants instead of meat, choosing low-fat or fat-free dairy, and skipping butter and beef tallow in favor of olive, soybean, or canola oil.
Those recommendations stand in sharp contrast with some elements of new guidelines introduced by the Trump administration this year, which endorsed full-fat dairy and specifically suggested that Americans eat red meat as a protein source. Asian stocks have end of the day mixed. European stocks are up in midday trading, and U.S.
stock futures are higher ahead of earnings from Nike and McCormick, as well as the Labor Department's jolts jobs data for February due out at 10 a.m. Eastern. And we have got a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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