On AI’s Impact On Jobs, Bessent’s Iran Options & More FEMO

AI usage in the workplace is starting to become commonplace. As adoption rises, will companies enjoy a productivity heyday and send less productive human workers packing? Melissa looked for early signs of worker displacements by AI, and her findings are encouraging: No labor-market shock looks imminent. … Also: William assesses the geopolitical stakes of a prolonged US/Iran war. The risks include provoking China and sinking Trump’s “grand bargain” trade deal. Needed is a diplomatic off-ramp. … And: With Q2 results in hand for 90% of the S&P 500 companies, Joe shares highlights from aggregate earnings data. Notably, 10 of the 11 S&P 500 sectors grew earnings y/y last quarter, and “Main Street” bested the Mag-6 in earnings beats.