Should You Trust ChatGPT With Your Money?

May 7, 2026

AI Summary

5 min read

Fuel prices are spiking amid the war in Iran, prompting U.S. airlines to warn of surging airfares and straining household budgets, while a broad news roundup covers Epstein-related documents, potential U.S.-China AI talks, corporate earnings, defense sector gains, and an experiment testing ChatGPT's stock-picking ability.

Fuel Surge Pressures Airlines and Consumers

U.S. airlines, via industry group Airlines for America led by former New Hampshire Governor Chris Sununu, warned Trump officials that high airfares will rise further unless the Iran conflict ends soon. Domestic ticket prices already jumped 20% in March, with airlines absorbing most fuel costs but projecting $10-12 billion in losses this year. A supply chain lag means even if the Strait of Hormuz reopens, refined jet fuel from Middle East crude routed through Asia would take weeks to reach markets—prices rise fast but fall slowly. Over 80% of Americans report financial strain from gas prices per an NPR/PBS/Marist poll, with 63% blaming Trump. Treasury Secretary Scott Bessent noted the U.S. economy remains strong despite hikes.

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What you'll learn

1 (00:33) **Airlines Warn of Surging Fares** - US airlines alert Washington on fuel costs from Iran war driving 20% ticket price jump in March
2 (01:16) **Gas Price Strain on Americans** - Poll shows 80%+ feel financial hit, 63% blame Trump amid advisor concerns
3 (03:06) **Epstein Suicide Note Unsealed** - Handwritten note claims clean probe; ties to Commerce Sec. Ludnick denied despite files
4 (03:48) **US-China AI Arms Race Talks** - Washington and Beijing consider formal discussions on military AI risks ahead of Trump-Xi summit
5 (04:17) **Warner Bros Q1 Loss** - $2.8B Netflix fee from failed takeover bid; Paramount deal eyed for Q3 close
6 (04:37) **Arm Holdings AI Chip Boom** - Doubles sales forecast to $2B by 2028, sold out amid demand surge
7 (05:30) **Corporate Earnings Roundup** - Shell doubles Q1 profit but cuts dividend on lower output; Maersk holds guidance

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Show Notes

A.M. Edition for May 7. U.S. airlines are warning that already-high airfares will surge if the war in Iran doesn’t end soon. And the Trump administration is taking heed, as new polling shows most Americans blame the President for rising fuel costs. Plus, we look at the risks posed by the lowly power bank. And WSJ markets reporter Gunjan Banerji explains the pros and cons of asking AI for investment advice. Luke Vargas hosts.

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