The 10-Point: The Wall Street Journal's Guide to the Day's Top News

By Emma Tucker

From My Desk

When Nvidia CEO Jensen Huang takes the mic for Wednesday's earnings call, he'll have the world's attention. Chip makers are fighting to assure investors that the AI boom is racing forward, but Wall Street might not believe it until Huang says so. His comments will dictate the path forward for a tech-crazed stock market and an economy hoping the boom won't go bust.

We're also tracking a deepening U.S.-Canada trade rift. Prime Minister Mark Carney delivered on his promise to walk away from what he called a "bad deal" with the U.S. The move has broad support at home, but carries risks for an economy that still sends most of its exports to its southern neighbor.

Today's Headlines

A longtime lieutenant of Mark Walter played a key role in striking the complex financial deals in the Dodgers owner's sprawling business empire that have drawn scrutiny from federal investigators.

Mold is driving America's homeowners crazy -- and they want builders to pay.

Amazon's toaster-shaped robotaxis are hitting the road in San Francisco and Las Vegas.

The European Union, the U.K. and Canada are walking back some of their environmental regulations.

In the final episode of our podcast series "The AI Therapist," we delve into the changing regulatory landscape for AI mental-health chatbots -- and where these tools could go from here.

Live From The Markets

Follow our live financial coverage all day.

California is expected to seek TV channel sales before signing off on the $81 billion Paramount-Warner Bros. merger.

Treasury Secretary Scott Bessent's mission to tame the bond market could get help from another Trump administration push -- crypto legislation -- writes Telis Demos.

Read It Here First

Wall Street is counting on Nvidia to keep the AI party going.

After watching shares in other chip makers and the so-called Magnificent Seven tech companies swing wildly in recent months, Wall Street is hoping Nvidia can beat expectations -- again. Analysts project the chip maker will report record sales of $92 billion for the period, up from a forecast of $78 billion at the start of this year. Nvidia's results could send shock waves through the tech sector -- and the broader stock market, report David Uberti and Krystal Hur.

A Trump intervention got the DOJ to back off its yearslong pursuit of Live Nation.

The Justice Department was preparing to wage a legal battle more than a decade in the making against the world's largest concert promoter. Then President Trump called. Settle it, the president told a senior DOJ official, the official later told associates. The intervention was bizarre. White House involvement in law-enforcement matters, once taboo, is a regular feature of Trump's second term. But many DOJ officials regarded the political interference in the Live Nation case as extreme even for an administration in which the president has openly pressured law-enforcement officials to pursue perceived enemies and pardoned allies, report Rebecca Ballhaus, Joe Palazzolo, Dana Mattioli, Josh Dawsey and Dave Michaels.

See The Story

Warsh's old forecasts show how he formed his views on inflation.

Fed Chairman Kevin Warsh's reluctance to signal where interest rates are headed has left the world unsure just how he thinks about the economy or inflation. Fortunately, there is a trove of evidence on exactly how he thinks, if you know where to look.

Happening Today

Bessent is set to hold a press conference amid promises to reveal the "toughest sanctions in history" on Iran.

â SEarnings: XPeng

Number Of The Day

$6,196.87

The amount fan Lindsey Burton spent on tickets to 15 of Harry Styles' 30 coming shows at Madison Square Garden. Devoted superfans are spending heavily to follow their favorite pop stars, with some estimating total spends over $20,000 on concerts and merchandise. To pay for extra shows, a number of Styles' most committed fans are taking on side gigs -- like dog walking or babysitting -- on top of their 9-to-5 jobs.

And Finally. . .

A billionaire CEO is locked in a fight with Montauk locals over a seafood shack.

For a dozen years, Apollo Global Management CEO Marc Rowan has operated a side gig in Montauk: a seafood shack that draws celebrities and influencers with sunset views, Dom Pérignon and a $97 lobster salad. Just don't call it a restaurant in front of the neighbors. Many of them say it shouldn't be there at all. After years of litigation, the dispute is remarkably back at what a judge described as "square one."

(END) Dow Jones Newswires

August 24, 2026 06:21 ET (10:21 GMT)