Good morning At the beginning of this week I had the opportunity to chat with Intuit CEO Sasan Goodarzi and play with the four AI-operated agents who will use online for QuickBooks next week. It is the first time that agents are used so effectively to hand over tasks together and at the same time help people to be more productive. (I enjoyed seeing it Babak Hodjat of Cognizant Create multi-agent systems on site On the Fortune Coo Summit at the beginning of this month, but many of us will not use agents.)
Intuit has four themed agents -a customer who records leads in e -mails, designed e -mails and followed interactions until they are sold. One for payments to optimize and speed up this process; Another financial resources to analyze and improve your company’s health. And a fourth for accounting to reconcile expenses and make your accountants happy. If I had had that a decade ago, I might have remained an entrepreneur.
“This is by far the most important start that we have ever had in our history because it is end-to-end,” said Goodarzi. “The fact that we started a virtual team that can do a lot of work, from managing your leads to payment and your accounting is a combination of AI and people who do work. It has been in the works for six years.”
“It’s not about workflows,” he said. “It is about a business feed that does everything for the customer while you always have control. And it’s not just about technology. It’s also about human know -how because you even want to calm a person in our world.” When I want to calm a person in our world. “When I asked Goodarzi that Goodarzi thought about what the identity of a company that connects most taxes in connection with taxes.
Further news below.
Contact the CEO every day via Diane Brady diane.brady@fortune.com
Top messages
US China trade agreement
The United States and China have achieved an “understanding” for trade in which China will deliver minerals with rare earth to the USA, and in return “We will arouse our countermeasures”, US trade secretary Howard Lutnick said Bloomberg.
Trump’s sons are considering a dynasty
Eric Trump told the FT that he or Donald Jr., Ivanka or his wife Lara could continue their father’s legacy in politics. “I think I could make it” Eric Trump said. “And by the way, I think other members of our family could do it too.”
Meta did not pay these boys $ 100 million
Lucas Beyer, one of three Openai researchers who lead Sam Altmans Zurich office, said on X That they did not receive $ 100 million in order to join Mark Zuckerberg’s company. “No, we didn’t get a 100 m registration, these are fake news,” he said.
Citi share worth $ 100 per share, says analyst
Citi boss Jane Fraser has experienced negative headlines for months, but yesterday she received some good news. Analyst of the Bank of America Ebrahim Poonawala the stock rated as “purchase” With a price goal of $ 100 and said Fraser’s reforms work. The share closed last night at $ 84.37.
Two leading managers leave Tesla.
Omead Afshar, head sales and operation in North America and Europe as well as Jenna Ferrua, director of the North American HR department. I left TeslaAfter a difficult period of time for the company: quarter of the first quarter fell by 13% and the profit fell by 71%.
Trump against the judges
The White House sued all 15 federal judges in Maryland because he opposed his deportation program. The normal method to combat a court ruling would be to make an appeal when making a decision. The suit The Trump administration represents a legal collision course with the judiciary, through which the government branch has a superior level of power.
New York real estate developer in panic about Mamdani
If Zohran Mamdani wins the race of the mayor of the NYC mayor, it would be “the death penalty for the city”, Danny Fishman, CEO of Gaia Real Estate, told the WSJ. “And it would be the best thing that Miami and Palm Beach would have happened since Covid.” Mamdani prefers rental control, and New York’s real estate moguls organize almost everyone who may be able to beat him.
Bill Ackman makes a promise
Hedge fund manager Bill Ackman is looking for Bankroll A candidate who can lose weight to the democratic leader Zohran Mamdani in the mayoral elections in New York City. He announced that he and his employees have “hundreds of millions of dollars” and as soon as they find the person for the job, “the funds will flow in”.
Not made in the USA
The Trump organization no longer claims that yours T1 phone is manufactured in the USA and instead decides for vague descriptions of the product on its website such as “designed with the American values”. This switch takes place less than two weeks after the company has announced its new brand.
The markets
- For the third day in a row, investors are observed today to see if the S&P 500 can break his record. The index closed Yesterday at 6.141, only a few points under his record high from February (6,144.15). S&P Futures They rose by 0.24% this morning and cost $ 6,209.50 above the all -time high of the index. Stoxx Europa 600 Had rose by 0.85% in early trade this morning. Japan Nikkei 225 Had rose by 1.43% this morning. The main indices in South KoreaPresent Hong Kong And China Everything rejected.
From the analysts
- Ey-Partenon at “Tariff Shock”: “We see an economy that is temporarily buffered by smart logistics, proactive price strategies and some foreign exporter concessions. These adjustments have bought time -but they are finally finally. Since the inventory buffers are thin, bound warehouse connection time.
- Oxford Economics via the revised GDP number Q1: “The decline in GDP of the first quarter was more of a touch than before, but the details are more worrying, since the domestic buyers, the economic engine, are revised downwards,” according to Ryan Sweet.
- Macquarie fed on the “shadow”: “Trump’s wish to” shade “the Fed with a proven replacement for the chairman Jay Powell is not a good opportunity to promote the perception of integrity and autonomy in US politics, and in the further sense of the USD reserve currency status.
- JPMorgan via retail shares: “After several steamed weeks, the retail activities took a sensation increased as shares in new all -time highs. At the end of Wednesday, the net bought $ 3.2 billion in retail investors and marked a sharp reversal compared to the clever of last week and +0.8Z above their 1 -year average of 1 year (vs. -0.5z last week).
To the watercolor seal
Can AI America help to do things again? By Jeremy Kahn
Mark Zuckerberg’s dream for Ki chatbots to become her friend is just as unhealthy as “Junk Food,” says Hinge CEO By Sydney Lake
The decision, the Pinterests share tank, contributed to this By Massimo Marioni
The Trump administration has just taken a big step to consider crypto assets during housing loan applications By Catherine McGrath
It is not just gen z: This CEO of Baby-Bomer Bank says that his MBA is a waste-and the skills he learned By Emma Burleigh
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