Jack Crivici-Kramer & Nick Martell

Hermione's going to speak up on Ron's behalf, actually. So stocks rose yesterday. The S&P 500's up 14% from its post-liberation day lows. And Jack, what's the takeaway for everyone else out there? This deal is a reminder that trade is a positive sum game. Yetis, President Trump said this about the preliminary trade deal with the UK. This is a great deal for both countries.

Hermione's going to speak up on Ron's behalf, actually. So stocks rose yesterday. The S&P 500's up 14% from its post-liberation day lows. And Jack, what's the takeaway for everyone else out there? This deal is a reminder that trade is a positive sum game. Yetis, President Trump said this about the preliminary trade deal with the UK. This is a great deal for both countries.

Hermione's going to speak up on Ron's behalf, actually. So stocks rose yesterday. The S&P 500's up 14% from its post-liberation day lows. And Jack, what's the takeaway for everyone else out there? This deal is a reminder that trade is a positive sum game. Yetis, President Trump said this about the preliminary trade deal with the UK. This is a great deal for both countries.

On that, we completely agree. Yeah, we do. And that's actually the truth with trade in general. Nick, after all, trade is voluntary. Yeah, good point. It only happens if both sides want to do it. Which means, Jack, the inverse is also true. Like, if trade is good for both countries, then not trading is bad for both countries. Now, there are caveats, and the caveats are important.

On that, we completely agree. Yeah, we do. And that's actually the truth with trade in general. Nick, after all, trade is voluntary. Yeah, good point. It only happens if both sides want to do it. Which means, Jack, the inverse is also true. Like, if trade is good for both countries, then not trading is bad for both countries. Now, there are caveats, and the caveats are important.

On that, we completely agree. Yeah, we do. And that's actually the truth with trade in general. Nick, after all, trade is voluntary. Yeah, good point. It only happens if both sides want to do it. Which means, Jack, the inverse is also true. Like, if trade is good for both countries, then not trading is bad for both countries. Now, there are caveats, and the caveats are important.

Like, a government needs to make sure people who lose jobs don't get abandoned. And they also got to make sure that trade is fair. But two countries trading with each other, that leaves both countries better off. In this case, the UK gets airplanes that they can't make, and we get scotch that we can't make. Yes, we do, Jack. Yes, we do.

Like, a government needs to make sure people who lose jobs don't get abandoned. And they also got to make sure that trade is fair. But two countries trading with each other, that leaves both countries better off. In this case, the UK gets airplanes that they can't make, and we get scotch that we can't make. Yes, we do, Jack. Yes, we do.

Like, a government needs to make sure people who lose jobs don't get abandoned. And they also got to make sure that trade is fair. But two countries trading with each other, that leaves both countries better off. In this case, the UK gets airplanes that they can't make, and we get scotch that we can't make. Yes, we do, Jack. Yes, we do.

The president usually defines trade as having winners and losers. But not yesterday, because increased trade between the US and the UK is a positive sum game. For our second story, Alphabet stock is falling because of what an Apple executive just testified under oath. Google search is facing its DVD moment. Its DVD moment.

The president usually defines trade as having winners and losers. But not yesterday, because increased trade between the US and the UK is a positive sum game. For our second story, Alphabet stock is falling because of what an Apple executive just testified under oath. Google search is facing its DVD moment. Its DVD moment.

The president usually defines trade as having winners and losers. But not yesterday, because increased trade between the US and the UK is a positive sum game. For our second story, Alphabet stock is falling because of what an Apple executive just testified under oath. Google search is facing its DVD moment. Its DVD moment.

But Jack, let's go back in a time machine for a second to, it feels like 12 years ago, but actually let's just go back three years ago. December, 2022, two and a half years ago, actually. Just days after ChatGPT launched, there were all a bunch of headlines about Google. Here's one of them. New York Times, a new chatbot is a code red for Google's search business. Here's one from Bloomberg.

But Jack, let's go back in a time machine for a second to, it feels like 12 years ago, but actually let's just go back three years ago. December, 2022, two and a half years ago, actually. Just days after ChatGPT launched, there were all a bunch of headlines about Google. Here's one of them. New York Times, a new chatbot is a code red for Google's search business. Here's one from Bloomberg.

But Jack, let's go back in a time machine for a second to, it feels like 12 years ago, but actually let's just go back three years ago. December, 2022, two and a half years ago, actually. Just days after ChatGPT launched, there were all a bunch of headlines about Google. Here's one of them. New York Times, a new chatbot is a code red for Google's search business. Here's one from Bloomberg.

The chatbots are coming for Google. And Jack, why two and a half years ago was everyone freaking out already in the headlines? Because AI chatbots are much better at answering your question than Google searches. That's right. The fear for Google is that people would switch their habits and there's nothing a tech company wants more than you. habits.

The chatbots are coming for Google. And Jack, why two and a half years ago was everyone freaking out already in the headlines? Because AI chatbots are much better at answering your question than Google searches. That's right. The fear for Google is that people would switch their habits and there's nothing a tech company wants more than you. habits.

The chatbots are coming for Google. And Jack, why two and a half years ago was everyone freaking out already in the headlines? Because AI chatbots are much better at answering your question than Google searches. That's right. The fear for Google is that people would switch their habits and there's nothing a tech company wants more than you. habits.

Their fear was that people would stop Googling and start chatting instead. So Google went code red to defend its profit puppy, Google search. They eventually put AI summaries at the top of search results. Now, besties, pause the pod for a sec, because until now, that strategy from Google has mostly worked. After all, last quarter, Google had an all-time record high profit.

Their fear was that people would stop Googling and start chatting instead. So Google went code red to defend its profit puppy, Google search. They eventually put AI summaries at the top of search results. Now, besties, pause the pod for a sec, because until now, that strategy from Google has mostly worked. After all, last quarter, Google had an all-time record high profit.