P.M. Edition for April 13. New data out today shows that U.S. existing home sales <a href="https://www.wsj.com/economy/housing/march-homes-sales-fell-3-6-signaling-a-poor-start-to-spring-season-d9b48b76?mod=WSJ_WNPOD">dropped 3.6% in March</a>, worse than economists expected. We hear from WSJ housing reporter <a href="https://www.wsj.com/news/author/nicole-friedman?mod=WSJ_WNPOD">Nicole Friedman</a> about what’s driving the decline. Plus, Goldman Sachs kicks off earnings season with <a href="https://www.wsj.com/finance/goldman-sachs-gs-q1-bank-earnings-report-stock-2026-c66478dc?mod=WSJ_WNPOD">a record quarter in banking and trading</a> And the U.S. blockade of the Strait of Hormuz is <a href="https://www.wsj.com/livecoverage/iran-us-cease-fire-talks-stalled-2026?mod=WSJ_WNPOD">officially in effect</a>. WSJ senior video and national security correspondent <a href="https://www.wsj.com/news/author/shelby-holliday?mod=WSJ_WNPOD">Shelby Holliday</a> discusses the Trump administration’s goal in cutting off access to Iran’s ports, while reporter <a href="https://www.wsj.com/news/author/joe-wallace?mod=WSJ_WNPOD">Joe Wallace</a> talks about the impact on <a href="https://www.wsj.com/business/energy-oil/blockade-plunges-oil-market-into-fresh-round-of-turmoil-49c5077b?mod=WSJ_WNPOD">global oil markets</a>. Alex Ossola hosts.
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