Happy Friday! We have a new door and it is American! Cardinal Robert Brevost, who descends from Chicago, will be known as Pope Liu XIV. Here is everything you need to know about it. To be fair, perhaps we should see this come with General Z obsessed with “Conclave”.
In the big story, it was a trade agreement with the United Kingdom enthusiastic Lol Street, but not everyone is convinced Things go in the right direction.
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What is on the deck
Markets: In Milken, Billionaire and CEO is related to the economy The party did not stop the party.
Technology: Google returns to allegations Loss of research to artificial intelligence.
a job: Panasonic cuts 10,000 jobs Trying to enhance efficiency.
But first, the wheel and the deal.
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The big story
The art of the commercial deal
Karl Court/Getty Pictures
President Donald Trump seems to enter the next stage of his wide commercial war, and investors love it.
On Thursday, Trump announced a trade agreement with the United Kingdom that said his administration will bring Chances of $ 5 billion for US exporters.
The first deal that was made since the day of Trump’s liberation – when customs duties were widely implemented – was a sufficient reason for investors to celebrate, Send the main indexes that rise.
But it was not the UK deal that was enthusiastic Wall Street. In announcing the agreement on the social truth, Trump explained that he had not ended the resolution of commercial conflicts.
“This deal shows that if America is respected, and serious proposals on the table, America is open to work. Many of the coming things – match!” Trump said on Social media platform.
Trump’s publication seems to confirm what many have thought for a long time: the threat of definitions was just Trump negotiating tactics To secure better commercial conditions.
(Alice Tikotzki from BI had previously read Trump “The Art of the Deal” to see how compared to his approach to customs tariffs. There were a lot of fast food))
Michael Nagli/Bloomberg via Getti Ims
One trade agreement is still far from resolving the entire trade war.
Investors were keen to find any signs of redistribution from the definitions, with some prices in A. Winning the United States before the announcement of the United Kingdom.
However, there is nothing to ensure that other countries are ready to come to the table. Relationships with one of the largest commercial partners – China – are still tense. Discussions between the two sides are supposed to come this week.
Meanwhile, the risk of stagnation is waving on the horizon. Despite the strong modern economic data, some experts warn that the worst has not yet come thanks to the ongoing uncertainty, Catherine Bodro is written from BI.
The unknown are also Emphasizing anyone involved in global tradeAnd it is already a very complex industry in the beginning, written by Madeline Stone.
Even the head of the Federal Reserve Jerome Powell acknowledged that the real impact of definitions on the economy is still unclear while keeping interest rates on Wednesday, Many to resent Trump.
But at the present time, Wall Street is happy to win. A trade agreement with the United Kingdom is better than a trade agreement with no one.
3 things in the markets
Chesinot/Getty Pictures
1. Bitcoin reached $ 100,000 for the first time in three months. The world’s largest encryption witnessed gains after the White House Trade Agreement with the United Kingdom. Bitcoin is Moving in line with other risk origins The markets are also stabilized.
2. Trump’s donor is a bust. The used market had a record number of deals in the past year, and it is expected that it would mean uncertainty about President Trump’s policies to demand the market once again. This is similar To work as a secondary investor.
3. Hanging with Bigwigs and Billionails in Milke. On the stage at the Beverly Hills conference, concerns about the economy were almost everywhere Viral Saratoga water bottle. The recession problems did not stop the rich Private partiesbut.
3 things in technology
Google Ai mode
Smith Collection/GADO/Getty Images
1. Things do not look good for Google. Google concluded the Apple Exec statement that artificial intelligence cuts its research. It is possible that both of them Companies right – But the last deposit reveals the existence Another cause of anxiety About Google’s research dominance.
2. The definitions sparked a wave of iPhone, not artificial intelligence. Wall Street believed that Apple’s artificial intelligence will begin to start an upgrade cycle, but consumer research partners in consumer intelligence Fears of high prices In fact, the trick did.
3. The millennial generation was the commercial center. Gen Z has Pinterest. This is according to Pintestist Bill Reddy’s executive director, who said the platform is the place “Gen Z goes to shop” During the first quarter profit call. The Pinterest arrow jumped as much as up to 18 % after an hour on Thursday.
3 things at work
Tomohiro Ohsumi/Getty Images
1. Panasonic plans to reduce 10,000 jobs. The Japanese company, which supplies batteries with Tesla through a sub -company, plans to reduce 5,000 roles in Japan and 5,000 abroad by March 2026, which somewhat reaches About 4 % of the global workforce.
2. The founder of Microsoft told the New York Times that he was planning him He closed his organization In 2045 – decades before the initial intended. It is too Illon Musk criticizedHe said that he was “involved in the death of children of the poorest in the world” by cutting the US International Development Agency as part of the Doug Initiative.
3. Shopify wants to help sellers to navigate in the customs tariff. The company has just launched new tools to help merchants at the expense of duties and consider the effects of other tariffs, including a new web site that uses artificial intelligence to provide guidance. See how the sellers help.
In other news
What happens today
The internal team today: Dan Defrancesco, Deputy Editor and Editor, in New York. Halham Bullock, Editor -in -Chief, London. Grace Litt, Editor, in Chicago. Amanda Yen, co -editor, in New York. Lisa Ryan, Executive Editor, in New York. Ella Hopkins, co -editor, London. Elizabeth Cassolo, a colleague, in Chicago.
