2026-05-05
AI capex gets Dimon's blessing. US strikes drug boat. Comey indicted again.
Good afternoon. Dimon and Amodei stood together in New York. A federal judge expressed discomfort with a detainee's treatment. Congress bought itself 45 more days to argue about surveillance.
Lunch Brief
JPMorgan Chase CEO Jamie Dimon stood with Anthropic CEO Dario Amodei in New York and told Wall Street the AI buildout is worth every dollar. Investors have been anxious about whether revenue can keep pace with spending.
Two killed Monday in a targeted strike on a vessel in a known narco-trafficking route in the Caribbean, according to U.S. Southern Command. Latest escalation in Trump administration's military campaign against drug trafficking.
Second Comey indictment issued. Critics argue the move signals a return to pre-rule-of-law governance. Supporters view it as accountability for prior conduct.
ruling in First Choice Women's Resource Centers v. Davenport protects people banding together on unpopular positions from government overreach. Both sides read it as consequential.
Search and rescue largely complete at central Chinese facility. Casualty verification and victim identification still underway, authorities say.
Surveillance authority extended short-term after failed bid for three-year renewal that included a controversial digital currency ban. Delay kicks the real fight to June.
Thousands who assisted US forces are stuck in Qatar instead of receiving promised American resettlement. Trump administration now discussing relocation to Democratic Republic of Congo.
Danish shipping company's U.S.-flagged vessel transited Strait of Hormuz under U.S. military protection before leaving the Persian Gulf. Had been stranded in region.
- Judge troubled by detainee's jail treatment
- Fink: compute power becomes new asset class
- AEP Weighs Break From Two of America’s Biggest Power Grids
- Goldman's Snider Sees 'Yellow Flags' in Equities
- What We Know About ‘Project Freedom’ in the Strait of Hormuz
- UK’s long-term borrowing costs hit highest level since 1998
- Apollo’s Slok Sees Best Aspects of ‘China Shock’ in AI Impact
- Former Citadel CTO joins Motive Partners
- Anthropic launches financial AI agents
- The Roswell Alien Interview | Your Soul Has Been Here Thousands of Times
"Standard noise. Calibrate accordingly."
"The wire took a breath. Don't get used to it."
Billion-dollar AI bets while Congress can't decide if it trusts its own spy tools.
Back at 6:00 PM ET with the night owl brief.