Trumps Diesel Dilemma

ImageAndrew here.On Tuesday at the United Nations, President Trump declared that official U.S.

government documents would rename “artificial intelligence” as “superintelligence,” while dismissing safety concerns as a hoax and vowing not to slow down development.The technology will stay in focus at the U.N.on Wednesday as Dario Amodei of Anthropic and Sam Altman of OpenAI are expected to address world leaders, alongside Clément Delangue of Hugging Face.

We’ll have a full report on Thursday analyzing the growing divide between the White House’s full-steam-ahead push and the industry’s calls for more guardrails.Oil diplomacy The Nasdaq Composite is in record territory again, and the S&P 500 isn’t far behind.The main catalyst? Falling oil prices.

Traders are growing more optimistic that world leaders at the U.N.General Assembly this week can find diplomatic solutions to de-escalate wars in the Middle East and Ukraine.

The hope is that fuel flows can be quickly restored, bringing relief to consumers and businesses.But are investors again getting ahead of themselves? On Tuesday, President Trump hailed “very good” talks with Iran, but he also threatened to “annihilate” the country in his speech before the General Assembly.The latest:Brent crude, the international benchmark for oil, traded below $100 a barrel this morning.Nasdaq futures are flat on Wednesday as the tech-heavy index’s winning streak hit four trading sessions on Tuesday.Artificial intelligence bulls in particular have been cheering lower oil prices.The yield on the 10-year Treasury note, which has moved in line with oil prices, was trading at 4.96 percent Wednesday morning.Energy and wars have loomed large this week at the U.N.

President Volodymyr Zelensky of Ukraine, who is set to speak on Wednesday, told The Wall Street Journal that he expected Trump to push Kyiv and Moscow to agree to an “energy cease-fire.” Trump has blamed Ukraine’s attacks on Russia’s energy i...