Kai Risdahl

Thanks, you two.

Thanks.

Bye, Kai.

Have a nice weekend.

Wall Street today, two words, gang, two little words.

Word one is record.

Word two is highs.

Here are 10 more words.

If you're counting, we will have the details when we do the numbers.

Heather and Greg and I went over the jobs report, but there is always more to say about it.

So we are going to, and we are going to do it with an eye toward AI.

Because despite its bubbliciousness, the tech sector keeps on losing jobs, even as it drives stocks to record highs.

The Bureau of Labor Statistics says employment in information, that's their word, information jobs, which is a pretty good proxy for the tech sector,

That is down 11% from its peak back in 2022.

And there has been a pretty steady drumbeat of layoff announcements, often explicitly tied to AI.

Marketplace's Megan McCarty Carino makes sense of it all for us.

President Trump's legal losing streak on his tariffs continues.

Yesterday afternoon, the Court of International Trade struck down his workaround at raising import taxes following the Supreme Court's ruling that his tariff palooza of last April was illegal.

No word yet on how those new tariffs might be repaid.

But as you know, Customs and Border Protection has started processing refunds for those April 2025 tariffs.