This episode explores several key economic indicators from the week, focusing on the impact of President Trump's tariff announcements. Against the backdrop of market uncertainty, foreign investors made a record purchase of Japanese assets, totaling 8.2 trillion yen, highlighting a shift away from US Treasuries. More significantly, the discussion pivots to the projected $3.8 trillion cost of President Trump's proposed tax cuts over the next decade and the political implications of funding them. For instance, the debate centers on potential cuts to Social Security, Medicare, or Medicaid, with surprising Republican support emerging for preserving Medicaid due to its widespread adoption across states. Finally, the episode touches upon the potential of brain-computer interface technology, with Apple collaborating on a device that could significantly improve the lives of 100 million people with paralysis. This emerging technology, while still in testing phases, represents a potential future where such implants could become commonplace, even for those without movement impairments. What this means for the future of healthcare and technology is a significant question raised by the episode.
