A.M. Edition for June 2. Beijing points to recent export controls on AI chips and a crackdown on student visas in contending the U.S. broke a tariff reprieve between the two countries. Plus, Poland elects a conservative leader with ties to President Trump, breaking a streak of victories by centrists across Europe. And reporter Vicky Ge Huang joins us from a major bitcoin summit as the crypto industry shows off its newfound sway in Washington. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What recent actions did China claim the US took against trade agreements?
The Ministry of Commerce of China said this morning that the US has introduced a number of measures against the country, such as revoking student visas and introducing export control guidelines over AI chips. So these remarks are further tempting optimism that US-China are close to reach some sort of deals. It's not really a surprise, given that the first trade war
Chapter 2: What were China's accusations against President Trump?
Also has a lot of back and forth policies. We need to see what will go on in the tensions between US and China and if a deal will be reached in 90 days.
Chapter 3: How did the US respond to China's trade claims?
The office of the US Trade Representative didn't immediately respond to a request for comment. President Trump has said he plans to speak to Chinese leader Xi Jinping this week, part of a push that administration officials hope will ease rising tensions between the sides.
Wähler in Polen haben einen konservativen Historiker mit Beziehungen zu Präsident Trump als nächstes Präsident des Landes ausgewählt. Karol Nowrocki hat politische Voraussetzungen von weitrechten Parteien ausgewählt, um den Vorsitz des Bürgermeisters Warsaws, der mit Europa künftiger militärischer Kooperation suchte.
Chapter 4: What political changes are happening in Poland?
Wir haben jemanden in der Präsidentschaft, der versprochen hat, die Ukraine zu NATO zu blockieren.
Das ist eine Sache. Wenn wir uns das breitere Bild ansehen, ist Polen ein Ort, wo es jetzt das dritte größte Militär in NATO hat. Es ist ein unglaublich mächtiges Land und auch immer mehr diplomatisch. Und er wird also eine Plattform haben, um seine eigenen Außenpolitik-Decisionen zu kritisieren, die wahrscheinlich viel mehr auf die Vereinigten Staaten als auf Europa konzentriert sind.
Chapter 5: What are the implications of Poland's new conservative leader?
Ukraine sagt, es hat mehr als 40 russische Kriegsflieger in Drohnen-Attacken auf vier militärischen Flughafen tief in Russland verletzt.
Offizielle der ukrainischen Intelligenzagentur sagen, dass die koordinierte Bombardierung, die Spidersweb genannt wurde, 18 Monate gedauert hat, um sich zu vorbereiten. The damage is a big blow against Moscow's long-range bomber fleet and marks a significant victory for Ukraine's deep strike program, which uses drones to target crucial materiel on Russia's soil.
Russia's defense ministry called the operation a terrorist attack, and Moscow has responded with its own drone and missile attacks inside Ukraine, which come as delegations from both countries are set to meet today in Istanbul for talks aimed at ending the war.
Acht Menschen sind in der Stadt Boulder, Colorado verletzt worden, in einem Angriff, den die FBI als ein Akt der Angst gegen eine Gruppe, die sich für die Erlösung von Hostagen, die von Israel von Hamas genommen wurden, beurteilt.
Laut Behörden haben die Beobachter einen Mann gehört, der Palestine freie Palästina geäußert hat, als er einen Schleifgerät verwendet hat und ein Feuerwerk verwendet hat. Die Polizei hat einen Anwesenden in der Gefängnis, der sie glaubt, alleine arbeitete.
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Chapter 6: How is Ukraine responding to recent military actions?
Die Angst über die Gewalt in den USA, die aus dem Hamas-Israeli-Konflikt stammt, ist hoch, seit ein Mann zwei israelische Staffer in Washington im letzten Monat verletzt hat. Hier war Boulder-Polizeichief Steve Redfern, von Denver 7.
Our hearts go out to everyone affected today. Here and in Colorado, we understand that this has a ripple effect in many communities. And we are continuing to stand with and support the victims affected today by this attack.
Chapter 7: What are the latest developments regarding the conflict in Ukraine?
In News Moving Markets today, we exclusively report that the Trump administration is expanding its spending review of federal contractors beyond consulting firms to now include 10 technology providers, including Dell and IT firm CDW. That is according to a letter sent by the General Services Administration to 10 companies asking executives to justify their work and find areas to cut.
The US spends more than $80 billion a year on IT products and services. Dell and CDW didn't respond to requests for comment. Asian steel stocks fell today following comments by President Trump that he plans to double tariffs on steel and aluminum imports to 50% starting Wednesday.
And we exclusively report that Meta plans to allow brands to fully create and target ads using artificial intelligence by the end of next year.
According to people familiar with the matter, brands could present an image of the product they want to promote, along with a budget goal, with AI creating the entire ad from there, along with deciding on which users to target and personalizing the ad to specific users based on factors like their location.
Advertising accounted for 97% of Meta's overall revenue last year and funds its multi-billion dollar investments in AI chips, data centers and for training AI models. Coming up, Journal reporter Vicky Gehuang joins us from a major Bitcoin summit in Las Vegas as the crypto industry basks in its newfound sway in Washington, though not everyone is on board. We've got that story after the break.
What do Vice President J.D. Vance, Eric and Donald Trump Jr. and Trump 2024 Campaign Co-Manager Chris LaCivita have in common? Well, besides their political convictions, they were all speakers at last week's Bitcoin Conference in Las Vegas.
Journal reporter Vicky Gehuang was there as the crypto industry, long rooted in libertarian ideas and a skepticism of government, showed off its now close embrace of the president. Vicky, erzähl uns über diese Veränderung. Die Industrie ging wirklich von der politischen Wildnis nach einer großen Power-Base in Washington.
Ja, wir können es definitiv so sagen. Just around this time last year, the crypto industry was in a completely different state at the time, even though Bitcoin prices were moving higher. After the Bitcoin ETFs were launched in the US, the industry was facing a lot of lawsuits from regulators and the industry was still sort of recovering from the 2022 collapse of FTX.
And it was also at around this time that still candidate Trump campaigning for the US presidency started embracing crypto in a very public way that eventually led to him speaking publicly at the 2024 Bitcoin Conference. And since then it has just pushed the industry into a completely different direction. So now we're here at this year's Bitcoin Conference in Las Vegas.
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