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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.

16 days into the government shutdown, services are unavailable and federal workers are facing instability. Both sides have dug in, with Democrats and Republicans pointing fingers at each other. WSJ’s Siobhan Hughes explains what it would take to end the shutdown. Ryan Knutson hosts.

Further Listening: 

-Why This Government Shutdown Is Different

-Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong

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The Government Shutdown: Who Will Blink First?

Deep in a heavily guarded mountain hideout in the heart of the Sierra Madre mountains, a new drug king is reigning. He is 59-year-old Nemesio “Mencho” Oseguera and his cartel has achieved dominance capitalizing on America’s resurgent love of cocaine and the Trump administration’s escalating war on fentanyl. WSJ’s José de Córdoba recounts the rise. Ryan Knutson hosts.

Further Listening: - The Drug You’ve Never Heard of Wreaking Havoc Across Europe- A Cocaine Kingpin and the Rise of Drug Violence in Europe

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Mexico's New Cocaine Kingpin is Cashing In

Tech giants are spending hundreds of billions of dollars on an AI building boom, constructing massive data centers like a sprawling new complex in Texas. Is this a necessary investment for the future, or are we witnessing the next tech bubble? WSJ’s Berber Jin and Eliot Brown follow the money and consider whether or not it adds up. Jessica Mendoza hosts.

Further Listening:

-Artificial: The OpenAI Story

-The Hidden Workforce That Helped Filter Violence and Abuse Out of ChatGPT

-The Unraveling of OpenAI and Microsoft's Bromance

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the AI Boom… a Bubble?

We’re off today for the holiday, but wanted to share this episode. 

Sonos, the high-end speaker company, is still reeling from its disastrous app update over a year ago. WSJ’s Ben Cohen explains how the company lost revenue and approximately $600 million in market capitalization. Then came the layoffs and a CEO exit. Jessica Mendoza hosts.

This episode was first published in March 2025.

Further Listening: 

The Glitch That Crashed Millions of Computers

The Snowballing Problems at Vail Resorts

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The Botched Software Update That Cost $600 Million

New York Governor Kathy Hochul has a lot to juggle, from a federal government shutdown to immigration enforcement to the state’s affordability crisis. In a conversation taped at The Journal live event, Hochul joins host Ryan Knutson to talk about how she’s managing those challenges, what her private conversations are like with President Donald Trump, and her take on New York City’s next potential mayor, Zohran Mamdani. 

Further Listening: 

- Why This Government Shutdown Is Different

- Is NYC’s Mayoral Race All About Rent?

Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong

A man in rural South Carolina calls 911 about a reckless driver. A reckless driver with a gun. Minutes later, a man is killed on Camp Swamp Road. Police say this was a clear-cut case of self defense. WSJ reporter Valerie Bauerlein reconstructs that night using 911 calls, police dash-camera and body-camera recordings.

Read the Reporting:

Police Say He Killed in Self-Defense. His Phone Tells Another Story. 

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Camp Swamp Road Ep. 1: Mess Around, Find Out

Israel and Hamas have agreed to the first phase of a peace plan to end the war in Gaza. The deal would free the remaining hostages held by Hamas. The Trump administration hopes it is the first step towards a longer term peace. WSJ’s Shayndi Raice explains how all the parties got to the table and what big hurdles remain. Jessica Mendoza hosts. 

Further Listening:

-The Struggle to Get Aid Into Gaza

-A Fragile Cease-Fire Deal in Gaza 

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Israel and Hamas Take a Big Step Towards Peace

Paramount has acquired news and opinion website the Free Press for $150 million. The company's co-founder, Bari Weiss, has a new job as editor in chief of CBS News. She's a polarizing figure, known for her outspoken support of Israel and strong views on topics like gun rights and DEI. WSJ’s Joe Flint on why Paramount thinks CBS News needs a shakeup. Jessica Mendoza hosts.

Further Listening: 

-Jimmy Kimmel’s Suspension and Trump’s FCC

-What Killed 'The Late Show'? 

-Will Paramount Settle With Trump?

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Learn more about your ad choices. Visit megaphone.fm/adchoices

She Swore Off Legacy Media. Now She's Running CBS News.

In 2021, Tamar Veatch won millions of dollars in a sweepstakes competition run by Publishers Clearing House, the company best known for delivering oversized checks to winners. But then last April, Publishers Clearing House went bankrupt. WSJ’s Akiko Matsuda explains why the company went under, and what it means for winners like Tamar. Jessica Mendoza hosts.

Further Listening: - How ‘The Joker’ Rigged the Texas Lottery- How Parlays Became the Biggest Bet in Sports

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They Won Millions for Life. Until They Didn't.

Last month, Ben & Jerry’s co-founder Jerry Greenfield quit the brand after 47 years, accusing parent company Unilever of not allowing the company to speak out on social issues. Host Jessica Mendoza talks to Ben Cohen, the co-founder who stayed, about why he’s not leaving, what he wants next for the company, and why political messaging is important for his ice cream brand. 

Further Listening: 

- Why Ben & Jerry’s Is Suing its Parent Company Over Israel

- Kraft Heinz’s Big Breakup

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Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben & Jerry's Co-Founder Wants to Be Set Free

BookTok, the corner of TikTok that’s all about books, has shaken up the publishing world. Over the last few years, the platform has pulled in new readers, especially in the romance and fantasy genres. And now some of the largest publishers in the U.S. are finding new talent and rethinking their strategies because of TikTok. We hear from an author, a bookstore owner and a publisher about how TikTok has transformed the book industry.

Further Listening:

-The Rise of the Tween Shopper 

-Inside One Publisher’s Fight Against Book Bans 

-Scholastic's Succession Drama 

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Readers Can’t Get Enough of BookTok. Publishers Are Cashing In.

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