Monica Ricks

The Nikkei in Japan hit a record high today, closing above 65,000 for the first time.

It was up 2.8 percent.

The Hang Seng in Hong Kong added 0.8 percent, and China's CSI 300 gained 1.5 percent.

U.S.

markets are closed today for Memorial Day.

Inflation will be in focus in the U.S.

in the week ahead.

Bloomberg's Andrew O'Day has a preview.

Tomorrow, we'll also get a snapshot of U.S.

consumer confidence from the conference board.

Like last week's University of Michigan measure, that's expected to be down, but there's more emphasis here on jobs and income prospects, so the decline may be smaller.

Pope Leo joined Anthropic co-founder Christopher Ola today at the Vatican to launch the first encyclical on artificial intelligence, warning about its dangerous impacts.

Ola says the two share common ground.

The Pope has called for AI to be disarmed, which adds to furious debate about how far AI models should be constrained.

It also comes as Anthropic unveils Mythos, an artificial intelligence tool that can identify unknown flaws in IT systems, which has triggered anxiety across the globe over the past few months.

The Justice Department confirms it scrubbed its website over the weekend of news releases about criminal cases related to January 6 rioters, including convictions and sentencings, calling it partisan propaganda.

This comes as both Democrats and Republicans now rally against the DOJ's new $1.8 billion anti-weaponization fund.

That's Democratic Congressman Tom Suozzi of New York on ABC.

He's teaming up with Republican Brian Fitzpatrick of Pennsylvania to introduce the first bill to try to block this fund.

President Trump will head to Walter Reed National Military Medical Center tomorrow for a doctor's appointment, his fourth since the start of his second term.