Episode Details

Oil prices plunged four percent as U.S.-Iran tensions eased and ceasefire talks resumed, with Brent crude at $87.46 and U.S. crude at $84.79. Asian markets rallied, led by Australia’s S&P/ASX 200 up over 1%, while Japan, South Korea, and Hong Kong saw modest gains. U.S. markets ended Friday mixed — the S&P 500 flat, Nasdaq down on tech losses, but the Dow rose. Inflation fears linger as energy spikes and new tariffs threaten to heat prices further, complicating the Fed’s rate path — cuts are off the table, with some even betting on a hike. Meanwhile, AI spending surges as big tech pours billions into the sector, but investors question whether the hype matches the bottom line.

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