Scott Galloway

There appears to be disagreement between Iran and the US over whether the US will pay for reconstruction.

That is a huge problem as well.

And finally, there's still just a lot that we don't know about this deal.

We don't really know what it means for the nuclear program or what it means for the Strait or what it means for Iran's leadership.

In sum, not much has actually changed.

So my economic takeaway from this news is this.

I'm less concerned about inflation than I was before the weekend, but not by much.

There are still huge questions surrounding the Strait of Hormuz and the war itself.

So to say this thing is done or complete or over would be a categorical misnomer.

Okay, that's it for today.

This episode was produced by Claire Miller and Alison Weiss and engineered by Benjamin Spencer.

Our video editor is Brad Williams.

Our research team is Dan Chalon, Isabella Kinsel, Kristen O'Donoghue, and Mia Silverio.

And our social producer is Jake McPherson.

Thank you for listening to Profiteer Markets from Profiteer Media.

If you liked what you heard, give us a follow.

I'm Ed Elson.

I will see you tomorrow.

China has demonstrated a willingness to forgo money in the name of the common good, in the name of protecting workers and protecting labor.

And so even if China is more structurally exposed to AI, even if that is the case, my assumption is that the Chinese government will bend the economy to its will in order to protect Chinese workers.