Happy Friday! If you take a Uber or Lyft this weekend and that Tesla presents himself, do a favor and do not mention Elon Musk. Whether you like it or hate it, The chances are that your driver does not want to talk about it. (And if you insist to do it, they will probably simply say what they think will allow them to give them the best advice.)
In today’s big history, prices against Canada and Mexico have been mainly delayed by a month yet another turnaround in the current trade war.
What’s on deck
Markets: A Paris market has the chances of an American recession at 32%.
Technology: Microsoft talks about a massive breakthrough of quantum composition. Amazon leaders do not buy it.
Business: Some senators want to look more closely Advertising tactics of X.
But first, another postponement.
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Getty Images; Jenny Chang-Rodriguez / Bi
So, about these prices …
Two days after the implementation of a tax of 25% on Mexican and Canadian goods, President Donald Trump is turning around.
The president announced A one -month break on prices For imports from the two countries which are an agreement called USMCA. If you are a little rusty on your global commercial regulations, the USMCA was the trade agreement that Trump has negotiated between the United States, Canada and Mexico to replace Alena.
The commercial pact covers most of the goods, making the announcement of Trump almost equivalent to the break of a month on the prices He initiated in February.
The offer did not extend to the other target of Trump prices, China, which has Reprisals issued.
Trump prices were for a long time ago simply a negotiation tactic To obtain better commercial conditions from other countries. And the president’s desire to issue another stay of his commercial taxes could be proof of this.
But the will of the market to accept continuous uncertainty could extend so far. Investors are already on the edge as The fears of a potential recession begin to bubble.
Actions rebounded Wednesday after the Secretary of Commerce, Howard Lunick, hinted at a Resolution to the tariff situation could happen. But despite the official announcement on Thursday, the actions ended considerably. The S&P 500 closed 1.78% less, while the NASDAQ composite fell 2.61%.
Trump sheets may not bear fruit in the long term. It is according to researchers in the supply chain and conflict resolution, who said its pricing tensions eroded the United States relations with its allies.
Tyler le / bi
Things are not likely to calm down in the meantime.
The February job report is released this morning. It will help to clarify the decision of the federal reserve on interest rates on March 19, which is less than two weeks old.
And the fight against prices is far from over. The postponement of Canada and Mexico is only until April 2. This also coincides with the kick -off of more Prices. This time, they are targeting abroad agricultural products and other products. Trump also mentioned South Korea, India and the European Union on what he said is unjust trade relations.
There is no shortage of experts on what it means. If you want to seem smart on Trump prices, Here are some of the best thinkers to follow.
Sorry, American companies, the AI trade moved to China.
1. The economists and the Paris markets are suitable: the chances of a recession increase. The chance of an American recession jumped at 32% Thursday on Polymarket, up 23% from the end of February. Wall Street economists say the reason is in the form of a Trump – the unpredictable political movements of the administration could shake up consumer confidence at the heart.
2. Inside “Project Voyage”, the great plan of Goldman Sachs to lighten its ranks, reduce costs. In addition to moving the annual slaughter of the sub-performative bank in the calendar, CEO David Solomon plans to move New York employees in areas at a lower cost like Dallas and Salt Lake City, said people familiar with the BI program. A former employee said that the project trip is a multi -year plan, and you can expect These divisions are the most affected.
3. How much do investment bankers really earn? While Wall Street is waiting to see if a transaction rebound will be fully materialized this year, the recruitment of the Prospect Rock Partners company heard more than 900 investment bankers on how much they won in 2024. Some of the highlights of the investigation.
1. Petition to normalize closed legends. Bi’s Katie Notopoulos has a bone to choose with streaming services: legends are too difficult to understand. Each streamer has a different interface, posing a challenge for 63% of Americans under the age of 30 who prefer subtitles. Maybe you slip, but what happens if it’s really broken? Maybe you accidentally click the dreaded button “Play from the start” of the process. She thinks it’s too much It is also a problem of accessibility.
2. Amazon calls BS on the quantum composition claims of Microsoft. In an email at CEO Andy Jassy, the manager of Amazon de Quantum Tech expressed doubts that the quantum computer chip Majorana 1 of Microsoft could do everything he was doing, according to a copy of the email obtained by Bi. Industry experts have said that technological companies could generate more media threshing than substance In their attempts to outdo themselves on the ground.
3. The shortcut for cheap. Distillation – using a model to improve another – has more potential than ever, thanks to the plethora of open source models which can serve as “teachers”. While Some developers celebrate The concept, the major AI companies behind the foundation models must justify and protect their expensive offers.
1. These senators want an investigation into the X. Democratic senators Elizabeth Warren, Cory Booker, Richard Blumenthal, Adam Schiff and Chris Van Hollen call for a DOJ survey on X. In particular, they want to know if X draws Musk’s political status to put pressure on advertising companies on the social media platform, referring to an article in Wall Street Journal last. Read the letters to which they sent Doj and FTC.
2. Play Dress Up with an AI touch. Doji fashion application Use AI to help users try practically clothes, and the first beta testers love it. A fan is none other than the co-founder of Reddit, Alexis Ohanian, who also supports him through his venture capital company Seven Seven Six.
3. Social security employees can no longer read news sites at work. While the Trump administration continues to restructure the Social Security Administration, a recent email at the agency scale has announced New navigation restrictions for employee work computers. The restrictions prohibit workers from checking news, online purchases and visiting sports sites. According to email, the objective is to limit the risk and protect sensitive information.
I tried the new deep chatgpt search. It was worth the additional wait for Up to 30 minutes for reports.
Images Robert Alexander / Getty
BI
Anadolu / Anadolu via Getty Images
Today’s initiate team: Dan Defrancesco, editor -in -chief and anchor, in New York. Grace Lett, publisher, in Chicago. Ella Hopkins, assistant editor, in London. Hallam Bullock, editor -in -chief, in London. Amanda Yen, assistant editor, in New York. Elizabeth Casolo, stock market, in Chicago.
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