Good morning. Elon Musk held a town hall in Wisconsin on Sunday. In 100 minutes, he gave checks to a million dollars and asked questions about sending federal savings to taxpayers. He also acknowledged the crisis of its net value, a large part of which comes from the falling stock market price of Tesla. Read the five take -out meals here.
In today’s big history, students are short of job prospects – and It could haunt them for years to come.
What’s on deck
Markets: The gold may be booming now, but an analyst says he could See a correction in the future of metal.
Technology: I attended two Tesla demonstrations at the withdrawal. A generation arose more than others.
Business: Even Hollywood is Caving at Trump 2.0.
But first, what is a university elder to do?
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The great story
Gen Z career apocalypse
CJ Burton for Bi
“Government jobs are safe. What attracted me is stability.”
This is what a Gen Z student pursued a career in the public service told Aki Ito de Bi.
Things will not exactly plan.
With DOGE Office initiatives ranging from government budgets to reduction Distland entire federal agenciesPublic service jobs do not have the reputation of stability that they once had.
Approximately two million students who should graduate this spring Exceptionally fragile labor market.
Some of them have seen their offers in canceled federal agencies; Others have received no words on the jobs they applied months ago.
It is not only the government positions that take a hit – it is jobs in a whole series of companies, non -profit organizations and universities that depend on federal funding and contracts.
Oh, and go to higher education (a classic backup plan for many undecided undergraduate students) may not be an option either, unless the Ministry of Education manages to deliver financial assistance in a timely manner.
To worsen things, the prospects are likely to become even more lamentable in the coming months.
President Donald Trump’s pricing wars prompted companies to hire, investors are already preparing to imminent threat of stagflationand the long list of large companies that fire the staff this year Crossing even longer.
Gen Z is short of job prospects – and their careers could suffer for the coming years, writes Aki.
3 things on the markets
Getty; BI
1. Everything that shines is not gold, but gold could also lose its brilliance. Despite a record rally for precious metal, a Morningstar analyst suggested that prices could drop by 38% in the coming years. He said to Bi Three reasons Lingots prices could decrease in the long term.
2. You don’t have to spend less in a declining market – but many people have still reduced. The Americans withdraw spending when they receive a loss of wealth on the stock market, even if their income does not change. It’s a way Scholarship spread in the broader economy.
3. The line of life possible of 35 billions of dollars for American owners. If a recession was to strike, home credit lines could give a boost. But their full potential as a stimulant It remains to be seen.
3 things in technology
Daniel Zender for Bi
1. The AI twins occur and users become emotional. David Kushner can get his mother’s advice at any time – even after his death. This is because the two worked with a company to give it life in the form of AI. The end result took Kushner by surprise.
2. To take away from Tesla Takedown. The demonstrators gathered in the Tesla exhibition halls of the country to oppose the political role of Elon Musk. An bi journalist joined nearly 400 demonstrators in a Tesla exhibition hall in Ann Arbor, Michigan, and a smaller event outside a shopping center in Troy. She said A generation arose more than others.
3. XAI buy X. Elon Musk announced Friday in an article on X that his artificial intelligence company, XAI, had has acquired its social media platform, X, In an All-Stock agreement. The agreement estimated XAI at $ 80 billion and X at 33 billion dollars.
3 things in business
Tyler le / bi
1. The big stay? More as the big clings to your office. Even if the job market seems good on paper, research shows that consumer expectations in terms of unemployment over the next year are at their worst level since the big recession, encourage some workers to stay in place.
2. Charlie Javice was sentenced on Friday for four charges of Jpmorgan Chase fraud. Federal prosecutors asked that she had to wear an ankle instructor before the conviction. His lawyer opposed, saying it would make his work as an instructor of Pilates “impossible”.
3. Make Hollywood Super. The entertainment industry is quietly shooting in the middle of Trump 2.0. The studios reduce queer scenarios and the abandonment of efforts to diversify the casting, while the financiers strongly examine the policy of filmmakers before investing, Industry initiates told Bi.
In other news
What’s going on today
- The Senate votes on the appointment of Matthew Whitaker to be an American representative of NATO.
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Newsmax’s actions should start to negotiate on NYSE.
Today’s initiate team: Dan Defrancesco, editor -in -chief and anchor, in New York (on parental leave). Hallam Bullock, editor -in -chief, in London. Grace Lett, publisher, in Chicago. Amanda Yen, assistant editor, in New York. Lisa Ryan, editor -in -chief, in New York. Ella Hopkins, assistant editor, in London. Lina Batarags, head of the office, in Singapore. Elizabeth Casolo, stock market, in Chicago.