President Trump announces a dividend for American troops, saying his tariffs will pay for it.
Plus, the IRS tries out a new tool in its fight to track down profits shifted to low-tax countries.
And we'll drop in on some surprising stops along China's new Silk Road.
We spoke to one person who built a shed in their backyard in London.
They store these packages from the Chinese exporters and then they package them up themselves when the order comes in and then they ship them off.
It's Thursday, December 18th.
I'm Luke Vargas for The Wall Street Journal and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
President Trump defended his handling of the economy in a primetime address last night,
claiming to have brought down prices,
announcing a warrior dividend of $1,776 for active duty service members to be funded by tariff revenue and predicting a drop in housing costs.
The way you see the numbers are going to be shocking.
And I'll soon announce our next chairman of the Federal Reserve,
someone who believes in lower interest rates by a lot and mortgage payments.
will be coming down even further.
The president also promised that Americans would have the largest tax refund season of all time next year.
He has teased the prospect of sending $2,000 checks funded in part by tariffs to low and middle income Americans,
though congressional Republicans have expressed misgivings about handing consumers cash given the size of the budget deficit and with inflation running almost a full percentage point above the Fed's target.
We're set to get a fresh look at U.S.
inflation data for November at 8.30 a.m.