Nathan Hager

Consumer sentiment is at a record low on the University of Michigan's index.

Its preliminary number for April is down more than 6.5 points to 47.6, while year-out inflation expectations are up a full percentage point to 4.8%.

Joanne Hsu is director of Michigan's Consumer Surveys.

Joanne Hsu with the University of Michigan.

The survey came out after the March Consumer Price Index showed a jump to 3.3 percent, most of that due to gas prices that are likely to stay higher into this month.

It's all got bond traders pricing in about one in four odds now that the Fed cuts rates before the end of the year.

Ukraine's top negotiator with Russia is raising the odds for a peace deal soon.

Kirill Obudinov spoke with Bloomberg's Vladimir Verbiani in an interview in Kiev last weekend.

Bloomberg's Vladimir Verbiani in Kiev.

Meanwhile, Bloomberg News has learned several Asian nations are asking the Treasury Department to renew a sanctions waiver that allows them to buy Russian oil.

Sources tell us India and the Philippines are among those asking for the extension.

The current 30-day waiver expires tomorrow.

Treasury Secretary Scott Besant and Fed Chair Jay Powell were apparently so concerned about Anthropic's newest AI model, they called in Wall Street bankers to an urgent meeting this week to make sure they're shored up for it.

Bloomberg's Neal Kampling reports Anthropic's mythos could exploit every major web browser and operating system in the wrong hands.

Bloomberg's Neil Campling reporting.

Meantime, Anthropix agreed to rent data center capacity from CoreWeave to help power its Claude AI model.

CoreWeave announced that deal this morning, though it didn't reveal the terms.

CoreWeave shares right now are soaring up nearly 14%.

President Trump praised Palantir's warfighting capabilities in a social media post today that included the AI software provider's ticker symbol.

Just ask our enemies, the president wrote.