Let's get more on the economy and today's inflation numbers. Our next guest says the Middle East conflict will exacerbate economic headwinds, making the outlook for the year a bit less favorable. Joining me now is Gregory Do.He is chief economist at EI Parthonon. Uh great to see you, Greg. And you know, I guess arguably you've seen this stagflationary wind kind of blow through uh the economy.At least we expect it to have that effect. Uh what does it mean. Do you think we're going to settle out in terms of a ...

right now uh you know we have something called fiduciary financial advice which is a legal term that basically says that the financial adviser is putting your best interests ahead of their own but there's not really the equivalent of that when it comes to AI and so if things go wrong and you get bad advice from an AI like who is liable in that circumstance >> that's a fantastic question and unfortunately the answer is no one. So when you sign up to use LLMs, you're signing away all sorts of rights and respo ...

Apparently, we have uh we ourselves have ceased fire. It's not clear. Iran has ceased fire against its neighbors or Israel, but uh we apparently for the time being are holding our fire.We'll see if it sticks. Uh the betting at Rapidan is that it will not. >> Right.I guess my point is if we're in the process of degrading their they control the straight. We're trying to degrade that capability, but as of right now, our degradation is halted and they control the straight, >> right. But we're flowing more force ...

Let's bring in Richard Bernstein, the global head of macro at Janice Henderson Adviserss. Wait, Janice Henderson, Rich, is this is this a breaking news here. >> No, no, no.Uh, April 1st, Janice Henderson um bought uh Richard Bernstein Adviserss. >> So, it's something that's been in the works for a while and um the marriage was uh was made on April 1st. >> Very uh congratulations.So, thank you. Let's not, you know, just kick this off on a sour note. You still like stocks.You're fully invested the whole thing ...

One of the biggest holdouts for patients looking to start on GLP1s is the fact that it's long been an injection. >> Between affordability and kind of having a fear of needles, it was something that I just dragged my feet on. >> Jane Zuckerman is one of the many patients I've spoken to in recent weeks that have started on the Begovi pill.It's drug maker Novaortis new oral weight loss drug. The company said more than half a million prescriptions have been written for the pill during the first month of its lau ...

It's kind of a process of trial and error and I think that's how most people end up using AI. You start by asking a question and when you get the response you realize, oh, I forgot to add this piece of information, that piece of information. So, you have to ask a second, a third, a fifth question.And by the time you're done, you've maybe asked 20 or 30 prompts. Well, there are ways to shortcut that. One way is that after you go through a sequence of these prompts and finally get the answer that really addre ...

Well, what I would say next week is that um all roads go into higher inflation, slower growth, but how much that would be depends on whether the ceasefire holds and turns into a durable peace and how much is the infrastructure damage already done. Uh this shock we know is a negative supply shock. It means it pushes prices up and uh whether that would go to a territory that requires central banks to intervene would really depend on how long it goes.A shorter duration relatively mild impact uh possible for ce ...

Believe it or not, Silicon Valley engineers are now being scored on how many AI tokens they use. The problem that may end up inflating overall AI demand. Deerbosa has more in today's tech check.Deerra. So, Kelly, I loved your description of maxing before the break. This is called token maxing.So, tokens are essentially the currency of AI. Every query or action it costs them. And engineers are now competing to burn through as many as possible.Companies are dangling token budgets as recruiting perks. And Shop ...

So Andy Jasse is more bullish than we've really ever heard him on AI and Amazon's custom semiconductors. In his annual letter out this morning says we are not going to be conservative in how we play this. Amazon disclosed for the first time that AI cloud revenue has hit $15 billion.That's the annual run rate. Jasse addresses the mega spending plans which have also been a drag on the stock this year. CEO says they're not spending $200 billion in capex in 2026 on a hunch.He says the momentum is real. has neve ...

A lot of questions here. This was a ceasefire deal that was contingent on a complete reopening of the Strait of Hormuz. And 36 hours later, some fighting is still ongoing in the region and the strait is not fully reopen.So, we are in a holding pattern to see if this very fragile truce will be able to hold long enough for in-person negotiations to get off the ground. And one of the biggest issues is a disagreement over fighting in Lebanon. Iran says the ceasefire must apply there.Israel says it does not. Jus ...