Why Trump is helping prop up the Japanese yen
Summary
The U.S. intervened to support Japan’s weakening yen, a move President Trump framed as an act of friendship that also benefits American exporters. Meanwhile, Alphabet reported strong AI-driven revenue growth, though AI search tools are causing significant traffic declines for major publishers. Oil prices dropped after Trump signaled a pause in attacks on Iran, but experts warn pump prices may remain volatile. Finally, economist Julia Coronado discusses the stable labor market and rising long-term unemployment.
Topics discussed
Sponsor message from Raymond James
U.S. intervention to support the Japanese yen
Alphabet revenue and AI impact on web traffic
Sponsor messages from Odoo and Even Realities
Oil prices drop amid U.S.-Iran tensions
OPEC output increase and supply dynamics
Labor market outlook and unemployment trends
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