OECD Warns of Recessions If Iran War Drags On

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• 00:00

  Look, when people start to gamify investing, right?

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  So when you think about people being rewarded with balloons and fireworks for trading,

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  which we know is the more you trade, the worse off you're going to be in the long run.

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  I'm Joe Davis.

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  And I'm Christine Kashkari.

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  And this is season two of Better Vantage by Vanguard,

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  an eight-part video podcast series hosted by custom content from WSJ and Vanguard.

• 00:24

  We'll take stock of yesterday's primaries as vote counting continues in California

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  and the president's pick to be Iowa's next governor falters.

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  Plus, the U.S. proposes new tariffs on top trading partners

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  and the OECD warns of multiple recessions if the war in Iran continues.

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  If it stretches well into 2027, then you would see severe slowdowns in global economic growth.

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  And that would make it the weakest year this century, with the exception of COVID and the global financial crisis.

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  It's Wednesday, June 3rd.

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  I'm Luke Vargas for The Wall Street Journal.

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  And here is the A.M.

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  edition of What's News, the top headlines and business stories moving your world today.

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  We begin in California, where Republican Steve Hilton

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  and Democrat Javier Becerra are leading in the race to succeed Governor Gavin Newsom.

• 01:19

  Results from yesterday's primary are still coming in, though Hilton, a former Fox News host,

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