Sabri Beneshour

Julia Coronado is founder of Macro Policy Perspectives and a professor at UT Austin and is here to talk about it.

Good morning, Julia.

Good morning.

So now that we've got Houthis on the other side of Saudi Arabia threatening supplies there, what does that mean for oil disruptions and beyond?

Does this add to worries about inflation?

Or when do we start worrying about economies around the world actually slowing down because of this?

Later this week, we will get a bunch of U.S.

economic data, the jobs report being the big one.

Do you think we'll see the war enter into that data in any way?

Julia Coronado, founder of Macro Policy Perspectives.

Thank you so much.

The Trump administration is reversing course on blocking oil shipments to Cuba and will allow Russia to deliver crude oil there.

The estimated 730,000 barrels of oil are expected to arrive today.

Cuba has been experiencing nationwide blackouts, severe fuel shortages and shutdowns of schools and non-essential businesses due to the U.S.

blockade.

In states like California, New York and Washington, there are legislative proposals to introduce new higher taxes on millionaires and billionaires.

This is reigniting a very old debate.

Do the wealthiest of people move away when their taxes go up?

And how about the rest of us?

William Fry is a demographer at the Brookings Institution.