- In today’s CEO Daily: Diane Brady talks to Penny Pennington of Edward Jones.
- The big story: Trump and Epstein.
- The markets: All is calm.
- Analyst notes from ING on the Fed, Oxford Economics on jobless claims, and WARC on Reddit’s revenue and user growth.
- Plus: All the news and watercooler chat from Fortune.
Good morning. The U.S. economy has been surprisingly resilient while the tariff wars rage even though prices may go up as inventories dwindle, consumers are becoming more value conscious, and investors are by turns sanguine and skittish. (Witness their reaction to the specter of President Trump potentially firing U.S. Federal Reserve Chair Jerome Powell, as my colleague Jim Edwards noted in this piece.)
