On Booming Earnings, European Politics & Dangerous AI

The stock market’s meltup has been led by an earnings boom. Joe goes through the numbers and finds that the boom is widespread. … European politics are moving to the right as voters express their discontent about unchecked immigration. William explains that the right is likely to push for tax cuts without also reducing spending, resulting in bigger government deficits. That’s one reason why bond yields are rising in Europe. … Melissa examines the potential dark side of AI.