Robert and Austin break down the FOMC's unanimous 12-0 decision to raise the federal funds rate a quarter point to 3.75-4%, driven largely by a persistent energy shock tied to the Iran conflict, and note Fed Chair Kevin Warsh's public pushback against President Trump's pressure to keep rates low.

They then cover a striking moment where Anthropic's Dario Amodei, OpenAI's Sam Altman, and even Elon Musk publicly agreed that AI development may need to slow down for safety reasons, while Trump and Jensen Huang dismissed the concerns. The hosts highlight cybersecurity stocks (CrowdStrike, Palo Alto Networks) rallying on the news as the market's practical response.

The hosts also cover Airbnb's $250 million "Housing Accelerator" program, providing gap financing for affordable housing projects starting with a 200-unit development in Austin, Texas, framing it as a reputational and political move more than a growth driver for the company.

Radar points include OpenAI reportedly in talks to raise funding at a $1.2 trillion valuation while delaying its IPO to 2027, United Airlines streaming live NFL and college football to Starlink-equipped planes, Salesforce's confident revenue guidance pushing back against "SaaS apocalypse" fears, Palantir and Nvidia restricting internal use of Anthropic's models over data concerns, a new law protecting ratepayers from subsidizing AI data center electricity costs, and Nike's brand turnaround efforts including a new board appointment and Jordan Brand gym equipment line.

Check out this week's Rich Habits newsletter: Fed's 1st Rate Hike in 3+ Years

And the latest Rate of Returns newsletter: Diesel Just Hit an All-Time High of $6.31 a Gallon