California’s Gavin Newsom Wants to Lead the Trump Resistance

In this episode of the Wall Street Journal podcast, several important news stories are highlighted. First, US inflation saw a slight increase in October, but it’s not enough to alter expectations for a Fed rate cut in December. Meanwhile, Bitcoin has reached a new peak, driven by investor enthusiasm over President-elect Trump's supportive stance on cryptocurrency. In the automotive world, Volkswagen has invested in Rivian to tap into electric vehicle technology, while Rivian aims for greater financial stability. Additionally, California Governor Newsom is positioning himself as a key figure in opposing President-elect Trump, although he faces challenges due to shifting political dynamics in the state and the recent setback of another Californian presidential candidate. Lastly, the Republican Party has chosen John Thune as the new Senate Majority Leader, emphasizing a preference for continuity rather than drastic changes.