Why the Iran Peace Deal Won’t End Rate Hikes
6/16/202613 min
A.M. Edition for June 16. President Trump’s Iran deal may be providing relief for markets, but central bankers are not convinced the inflation spike is over yet, with the BOJ and RBA warning of higher prices for longer. Plus, WSJ tech reporter Georgia Wells details how AI is supercharging deepfake nudes, with more than half of teens having created a nude image, unleashing a new form of bullying amongst kids. And, Iran’s World Cup team was ordered to leave the U.S. after their opening match against New Zealand. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Transcript preview
First 90 secondsLuke Vargas· Host0:00
[upbeat music] Central banks try to read the tea leaves on how an end to the Iran war would affect inflation. Plus, California's Gavin Newsom says his presidential aspirations have made him the Justice Department's next target. And parents and schools struggle to protect young people as nudify tools proliferate.
Georgia Wells0:22
AI has made it trivially easy for anyone with a phone to digitally undress people and post the content online, and really it's falling on parents to try to help their children regain a sense of safety as they try to scrub these images from the internet.
Luke Vargas· Host0:37
It's Tuesday, June 16th. I'm Luke Vargas for The Wall Street Journal, and here is the a.m. edition of What's News, the top headlines and business stories moving your world today. [upbeat music] G7 leaders are gathering on the shores of Lake Geneva today for their latest summit. Compared to more sleepy gatherings in recent years, policy action is front and center this year ahead of a signing ceremony scheduled for Friday to end the Iran war. Journal White House reporter Natalie Andrews is at the summit.
Natalie Andrews1:06
Trump really landed in France with some good news to share, right? He was able to say, "Hey, we engaged in this conflict." He had expressed a lot of frustration to allies for not joining him in the war, but he's also coming to these meetings with some allies that he's sparred with, being able to bring them good news. He can say, "Hey, look, the cost of oil is coming down. This will get ships moving through the strait quickly."