SoftBank chairman and CEO Masayoshi Son told the SoftBank World meeting in Tokyo that he expects about 100 trillion AI agents and 1 billion humanoid robots by 2040, and that AI will be the largest industry in human history, contributing roughly 20% of global GDP. He said humanoid robots, operating 24/7, would be equivalent to roughly 3 billion workers and become central to the workforce. Son flagged data-center expansion as critical, forecasting AI-related power demand to double by 2040 and requ

As of the 23:00 close, China onshore front-month futures were mostly higher: fuel oil up over 4%, low-sulfur fuel oil (LU) up over 3%, ethylene glycol (EG) up nearly 3%; styrene (EB) and asphalt rose over 2%; propylene and benzene were up nearly 2%. Soda ash and glass were slightly lower.

Warsh said today's CPI does not mean "mission accomplished" and the Fed will firmly support a 2% inflation target; the Fed has "zero tolerance" for high inflation, expects more limited inflation upticks, will review its inflation framework and plans to eliminate tax provisions with inflationary effects. On the balance sheet, any policy shift would be signaled well in advance to markets; the Fed can begin seriously considering when to resume purchases of Treasury securities. If challenged by Trump, he said he will "fulfill his duties" and seeks to insulate the Fed from political interference. Long term, AI implies substantial productivity gains and is broadly positive for the economy, but he warned against complacency. On employment, price stability and full employment are not mutually exclusive and he is committed to achieving both.