WSJ What's News

Both the Dow Industrials and S&P 500 closed at record highs Friday. The Wall Street Journal's Corrie Driebusch says some weak economic reports have investors anticipating low interest rates for the foreseeable future.

WSJ's Michelle Hackman joins us with a look at how the Senate health bill compares to the House-passed version and the Affordable Care Act. Plus, optimism that President Trump will revitalize the economy is fading and it's earnings season for banks.

JP Morgan Chase, Citigroup and Wells Fargo all posted better than expected quarterly earnings. But the Wall Street Journal's Telis Demos says their stocks were pressured by continued concerns about loan growth.

If it proceeds with a breakup Manulife would be the latest life insurer to hive off a large part of its business. Industry executives have often cited the duress low interest rates put on some of their basic products. WSJ's Vipal Monga reports.

The Wall Street Journal's Douglas MacMillan says it's a rare retreat that shows the beleaguered company's willingness to withdraw from costly battles abroad. He joins us from the newsroom in San Francisco.

Senate GOP leaders released revised health legislation that would topple parts of the Affordable Care Act, impose steep cuts on Medicaid and let insurers sell cheaper plans. The Wall Street Journal's Kristina Peterson reports from Capitol Hill.

The Wall Street Journal's Josh Zumbrun joins us from Washington with a look at what we learn from Fed Chairwoman Janet Yellen's testimony on Capitol Hill. The GOP tries again to overhaul healthcare and bargain hunters look to shares of retailers.

Warren Buffett's Berkshire Hathaway made a nine billion dollar bid for Energy Future, the company that owns Texas utility Oncor. But a hedge fund is planning a rival offer. And Buffett has long had a distaste for bidding wars, says Nicole Friedman of the Wall Street Journal.

Wall Street Journal reporter Aaron Back previews second quarter earnings for major banks. Plus, Fed chair Janet Yellen on future rate hikes and President Trump defends his son.

Fed chair Janet Yellen stuck to the script in her Congressional testimony, reiterating that gradual rates hikes will be appropriate as the economy continues to strengthen. The Wall Street Journal's Harriet Torry updates us from Capitol Hill.