Fear of a recession is mounting, on the eve of job cut report.

Good day! Forget FOMO, we’re serving JOMO - Joy Of Missing Out on irrelevant news!

Today’s espresso shots:

1. Market mood swings. Fear of recession is mounting 📊🎢.

2. Trump and Musk's grand plan: Turning government efficiency into a tech billionaire’s playground.🚀💸

3. Deepfake dilemma: From Bing to state of houses. ⚖️ 🖼️

4. Nervousness around Friday’s job report!

5. The AI assistant journey here on…🤖

Markets

Economic Calendar

1. Market mood swings: The new economic tightrope. 📊🎢

1. Picture this—every tiny economic hiccup gets blown out of proportion. It’s like every stock move is either a panic attack or a wild victory dance. 😵‍💫

2. Under-the-radar stocks are suddenly the cool kids, thanks to whispers of Federal Reserve rate cuts.

3. Investors are basically playing a guessing game about whether the market’s new attitude will last. It’s like trying to predict if your latest TikTok will go viral or flop.

4. Good news is now actually good for stocks—because we’re less worried about inflation and more about the economy’s growth. Bad news? Yeah, that’s still a downer for stocks. 📉

5. Cheap stocks are having their moment, beating those tech giants that were once the market darlings. The market’s shifting, but who knows if this trend will stick around or just be a phase.

Remember, this market's more unpredictable than your TikTok page, so invest wisely!

2. Trump will choose Musk for Efficiency commission if he becomes President again. 🤝 

• Trump's latest bright idea? A government efficiency commission led by Elon Musk. It’s like putting a tech billionaire in charge of auditing Uncle Sam's piggy bank. 💰

• The dynamic duo claims this commission will save trillions by eliminating fraud and improper payments. Apparently, they've found the magic wand that's eluded every administration since... forever.

• Trump's promising to slash 10 regulations for every new one implemented. Bureaucrats, start your shredders!

• Musk, ever the humble servant, says he'll work for free with "no pay, no title, no recognition." Just the satisfaction of potentially reshaping the entire U.S. government. No biggie. 🤷‍♀️ 

• From bitter rivals to BFFs, Trump and Musk's bromance is blossoming faster than a SpaceX rocket launch. Who needs reality TV when you have presidential campaigns? 🚀​​​​​​​​​​​​​​​​

3. The AI deepfake dilemma: From Bing to state houses. ⚖️ 🖼️🚫

• Microsoft's playing digital bouncer with StopNCII, giving revenge porn the boot from Bing. It's like a nightclub where everyone's dressed in full armor. 🛡️🔍

• States are speed-running deepfake laws while Congress is still loading. 23 states have crossed the finish line, while Uncle Sam's still tying his shoelaces. 🏃‍♂️🐢

• AI doesn't discriminate in its digital peep shows - celebs and normies alike are getting the unwanted Photoshop treatment. 90% of deepfakes are non-consensual porn of women. Yikes! 🌟👩

• The legal landscape's looking like a patchwork quilt of protection. Your rights might change faster than your Instagram feed depending on which state you're in. 🧩⚖️

• For the average Joe and Jane, it means more tools to fight back against digital creeps, but also a need to stay savvy about AI risks. Think of it as leveling up your privacy game in this weird, wild digital world. 🛡️🆙

4. Tomorrow’s job report will decide Fed rate cut. 📉 

• US employment report for August expected to show:

  • Payrolls increase of 165,000 (up from 114,000 in July)

  • Unemployment rate slight decrease to 4.2%

• Report could influence Federal Reserve's interest rate decision on Sept. 17-18 🤝 

  • Markets pricing ~35 basis points cut, uncertain between 0.25% or 0.5%

• Key areas to watch: 👀 

  1. Nonfarm Payrolls: Expected rebound from July's weak growth

  2. Labor Force: Unemployment rate likely to edge down

  3. Hourly Earnings: Slight acceleration expected, but not seen as inflationary pressure

• Overall expectation: Gradual moderation of labor market

Bottom line: August's job report is the economy's favorite reality TV show. Will unemployment ghost us again or are we in for a "You're hired!" extravaganza? Stay tuned as the Fed plays "Eeny, meeny, miny, moe" with interest rates, while economists break out their crystal balls and lucky rabbit's feet. 🐰

5. The AI assistant revolution: From general to niche. 🤖🎯

• AI is taking over like it’s on a mission to become the next big thing, with assistants leading the charge in both capability and value. 🚀

• These AI assistants have gone from basic bots to super-smart systems that can understand what you’re saying, predict what you need, and solve problems like a pro.

• The global AI market is already massive at over $196 billion and is expected to grow more than 13 times in the next six years. 

  

• Meanwhile, the market for intelligent virtual assistants is on fire, set to expand from $3.24 billion in 2023 to a huge figure by 2032.

• Generative AI tech, like ChatGPT and Claude, is breaking new ground by creating personalized content and automating tasks with next-level efficiency. It’s like AI is leveling up to a whole new game.

• Looking ahead, AI is poised to make a serious impact, potentially adding over $15 trillion to the global economy by 2030. Personal assistants alone are expected to hit $242 billion, showing just how crucial these tools will be in meeting specific user needs. 💼

Interesting

Other news:

AI

FedEx invests in AI robotics company Nimble to improve supply chain.

New LLM benchmark shows models vary in coding languages.

SearchGPT vs Google: an early analysis.

Tech

Salesforce to shell out $1.9B to buy data protection provider Own Company.

Telegram’s FAQ drama: Removing privacy claims, but not the controversy!

Finance & Crypto

Peter Brandt’s Bitcoin Buzz: Is a bear market on the horizon?

Ripple's big splash in Japan: CEO drops news on new stablecoin!

U.S. economy on the edge: Is a soft landing turning into a hard crash?

Ahead of the jobs report: Dow futures slide as labor market signals worry!

Business

US looks into top airlines' loyalty programs for unfair practices.

UK’s warning shot: Google under fire for alleged Ad power abuse!

From fewer deliveries to a big win: Airbus scores major private order!

US Politics

Prosecutors Trump’s election interference get nod to present new evidence in trial.

Kamala Harris raised $361M in August from roughly 3 million donors.

World

China is influencing Africa better than America is.

Pope visits PNG in second leg of Southeast Asia and Oceania trip.

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