U.S. Economy Shrank as Trade Turmoil Began to Hit

P.M. Edition for April 30. New data out today showed that the U.S. gross domestic product fell in its steepest decline since 2022. We hear from WSJ economics correspondent Harriet Torry about what this data, along with other metrics out today, say about the overall health of the economy. Plus, a growing number of companies are yanking their profit guidance for the coming quarter amid economic uncertainty. WSJ reporter Chip Cutter joins to discuss what this means for these companies and their investors. And a federal judge orders the release of a Columbia University student who was detained by the Trump administration. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices