When Kellie Castillo needed a place to live, she ended up at Wood Street, one of the largest homeless encampments in California. State authorities have spent the past several months shutting Wood Street down, leaving people like Kellie to figure out what’s next. WSJ’s Christine Mai-Duc describes what’s behind the state’s decision and what it means for the unhoused in California. Further Reading: - California Gov. Newsom Updates Plan to Fight State’s Homelessness Problem  - California’s Homelessness Problem Pits Gov. Gavin Newsom Against Mayors  Further Listening: - Checking Out of Hotel 166  Learn more about your ad choices. Visit megaphone.fm/adchoices

Supreme is known for buzzy items, long lines and frenzied sell-outs. But lately, Supreme’s products are still available days after release. WSJ’s Jacob Gallagher discusses the brand’s rise and what’s changed. Further Reading: - Is Supreme Still Cool?  Further Listening: - ​​The Designer Who Made Streetwear Luxury  Learn more about your ad choices. Visit megaphone.fm/adchoices

In an interview at WSJ's CEO Council Summit with editor Thorold Barker, Elon Musk talked about whether he regrets buying Twitter, who might eventually take the helm of the three companies he runs and how AI will change our future. Further Reading: - Ron DeSantis to Launch 2024 Presidential Run in Twitter Talk With Elon Musk  - Elon Musk Wants to Challenge Google and Microsoft in AI  - The Elon Musk Doctrine: How the Billionaire Navigates the World Stage  Further Listening: - Twitter’s New CEO: The Velvet Hammer  Learn more about your ad choices. Visit megaphone.fm/adchoices

After car theft videos went viral on social media, Hyundai and Kia have been reckoning with a surge in stolen vehicles. WSJ’s Sean McLain unpacks how the thefts started and how the companies are trying to address them. Further Reading: - Cities Sue Hyundai, Kia After Wave of Car Thefts  - States Urge Recall of Millions of Kia, Hyundai Cars After Sharp Rise in Thefts  - Police, Car Owners Wrestle With Growing Thefts of Kias, Hyundais  Learn more about your ad choices. Visit megaphone.fm/adchoices

The federal government uses debt to pay about a quarter of its bills and the federal borrowing limit is maxed out. WSJ’s Andrew Duehren explains the June 1st X-date (when the U.S. runs out of funds) and some catastrophic potential outcomes if Congress doesn’t raise or suspend the federal borrowing limit.    Further Reading: - When Is the Debt Ceiling Deadline and What Happens if the Limit Isn’t Raised?  - Yellen Says Treasury Still Expects U.S. Could Default as Soon as June 1  - World Leaders Warily Watch U.S. Debt-Limit Standoff  Learn more about your ad choices. Visit megaphone.fm/adchoices