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1
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Your money
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8:30 AM · CPI est. 3.8% YoY
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April CPI drops this morning — the first print with $4 gas baked in
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The BLS releases April's Consumer Price Index at 8:30 AM ET — the first inflation print that fully captures the war-driven gas spike past $4 a gallon. Wall Street expects headline CPI to jump to 3.8% year over year, up from 3.3% in March. Energy is driving most of the increase, but the number the market cares about is core — strip out food and gas, and anything above 0.3% month over month kills any remaining hope of a rate cut this year. The 10-year yield, your mortgage rate, and your credit card APR all move on what lands at 8:30. Markets have priced in zero cuts through December, and a hot print confirms that bet.
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The other side: Friday's wage growth came in softer than expected at 3.6%, which removes one inflationary input — and Brent falling from $114 to around $100 in a week means the energy component may have already peaked for this cycle.
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2
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Your vote
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Ceasefire "on life support" · Beijing Wed
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Trump killed the Iran deal Sunday — and flies to Beijing Wednesday
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Trump posted "TOTALLY UNACCEPTABLE" on Truth Social Sunday night after reading Iran's counter-proposal, which offered to open the Strait and export enriched uranium but refused to dismantle nuclear sites. He told reporters Monday the ceasefire is "on life support" and "unbelievably weak." Brent crude jumped back above $104 on the rejection. Trump is now scheduled to visit Beijing Wednesday through Friday to meet Xi Jinping — adding China as a new variable in the war, and in the oil price.
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The other side: Iran's offer to export enriched uranium to a third country is a concession no prior government has made, and diplomatic channels through Pakistan remain open — the "TOTALLY UNACCEPTABLE" post may be a negotiating tactic, not a closed door.
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3
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Your job
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1,100 cut · AI usage +600%
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Cloudflare cut 1,100 jobs because its AI replaced them
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Cloudflare dropped 14% Thursday after announcing it cut 1,100 employees — and said AI usage across the company increased 600% in just three months. Nearly 100,000 tech workers have been laid off across the economy year-to-date, already closing in on the 124,000 total for all of 2025. The message is straightforward: companies are using AI to do more with fewer people, and the cuts are accelerating.
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The other side: Friday's payroll report added 115,000 jobs in April and unemployment held at 4.3% — the economy is still creating roles faster than AI is eliminating them, at least for now.
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