Two massive stories are shaping the global economy this week. China just tightened control over rare earth exports, putting pressure on U.S. manufacturers that depend on those minerals for EVs, defense systems, and semiconductors. President Trump fired back with a 100% tariff threat that briefly wiped out nearly $2 trillion in market value before trade talks resumed.

At the same time, OpenAI is moving fast. Walmart’s new partnership will let users shop directly inside ChatGPT, and new updates will add adult-only modes and personalization features for verified users.

In this episode, Matt Allen connects the dots between power, policy, and innovation. What happens when China controls the materials of the future and AI controls the way we shop?

Subscribe for more weekly takes on markets, money, and power.

Matt Allen breaks down three huge stories moving the markets this week.

First, AMD strikes a multiyear deal with OpenAI worth up to six gigawatts of GPU power, but the real question is why AMD had to give up equity to make it happen. Matt explains what makes this deal different from Nvidia’s and why it raises new questions about how the AI buildout will actually be funded.

Then, Tesla drops Full Self-Driving version 14 just hours before teasing a mysterious new product reveal. Matt explains what FSD 14 can actually do, why this could be Tesla’s biggest leap in autonomy yet, and what the rumored $30,000 Tesla means for EV adoption and investors.

Finally, with Washington facing another possible government shutdown, Matt breaks down how markets historically react, which sectors tend to get hit first, and what investors should really focus on.

If you follow the stock market, AI, or Tesla, this is one episode you don’t want to miss.