Trump Advisers Concerned About Rising Fuel Prices

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Daniel Bock· Host0:14

[instrumental music] Here's your morning brief for Thursday, May 7th. I'm Daniel Bock for The Wall Street Journal. We are exclusively reporting that a spike in fuel prices is sparking concern among President Trump's advisors. That is more than eight in ten Americans say struggles at the gas pump are putting strain on their finances, according to a new poll by NPR, PBS, and Marist. And 63% of Americans put a great deal or a good amount of blame on the president for the increase in prices. The surge in fuel costs is hurting air travel, too, with U.S. domestic ticket prices rising 20% in March. Washington and Beijing are weighing formal talks to manage a potential AI arms race, focusing on risks like autonomous military systems and unpredictable models. Treasury Secretary Scott Bessent is leading the U.S. side while the administration waits for China to name a counterpart. Ultimately, President Trump and Xi Jinping will decide if these discussions become part of the agenda for their summit next week. And British semiconductor designer Arm Holdings is doubling its demand forecast for a new line of computer chips just months after it jumped into the AI chip game. Arm now expects $2 billion worth of chip sales through early 2028. The company said it currently lacks supply to meet