But first, check out my latest column on how the sheer scale of the U.S. K-shaped economy explains its resilience. And listen to the latest episode of the ​Morning Bid daily podcast, where we discuss Alphabet's soaring AI bill and the fresh inflation headache facing the ECB. MAGNIFICENT CASH BURNPartly on some disquiet about delays in its latest Gemini AI model, as well as the rising cash burn, markets shrugged at the headlines and knocked Alphabet's stock down 3% ahead of today's bell. Stateside, Tesla stock also flubbed and lost 4% on Wednesday after it reported its first negative free cash flow in over two years. The resurgent oil prices are pressuring oil and natural gas futures, as well as interest rate and bond markets in turn.