How Blue States Plan to Get More Taxes From Wealthy Residents

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• 00:03

  Relief ahead for U.S. buyers and sellers as mortgage rates hit their lowest level this year.

• 00:09

  Plus, how some blue states are planning to get more in taxes from their wealthiest residents.

• 00:14

  A lot of states are in a situation where they could be facing budget deficits going forward.

• 00:18

  And then once you add into the picture the potential impact of the new federal tax law,

• 00:25

  the picture can start to get more bleak.

• 00:28

  And after riding the AI boom, can CoreWeave keep its investors enthused?

• 00:33

  It's Thursday, August 14th.

• 00:35

  I'm Alex Osele for The Wall Street Journal.

• 00:37

  This is the PM edition of What's News,

• 00:40

  the top headlines and business stories that move the world today.

• 00:48

  We begin this evening's show with a lead-up to President Trump's planned meeting with Russian President Vladimir Putin tomorrow in Alaska.

• 00:56

  White House Press Secretary Caroline Leavitt said today that Trump and Putin will hold a joint press conference after their one-on-one meeting in Anchorage.

• 01:03

  Ahead of his trip to Alaska,

• 01:05

  Trump said in an interview with Fox News Radio aired today that he thinks Putin is,

• 01:09

  quote, going to make a deal.

• 01:11

  But he said there was a 25 percent chance talks would fail, describing the summit as a chess game.

• 01:18

  If the meeting goes well,

• 01:19

  Trump raised the possibility of inviting Ukrainian President Volodymyr Zelensky for further negotiations.

• 01:24

  During a meeting with senior ministers and security officials today,

• 01:28

  Putin said that the Trump administration had been making, quote,

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