Hello and welcome to the not so friendly edition of Slate Money or guide to the business and finance news of the week. I'm Felix Salmon of

Axios. We have Emily Peck, the great IP journalist. She is now the queen of the Huffington

Post, but in a previous life you were... I was the executive editor of IP Law and Business

Magazine. Awesome magazine. Is it still alive?

It's defunct because the internet.

We are going to talk about intellectual property law and business, which is going to be fun.

We have Anna Shamansky here, who is going to explain everything you need to know about the Fed and rate cuts and what that means.

We are going to also talk about antitrust and Google

and Facebook and what the US government is going to do with these tech giants. We are even going

to have a whole Slate Plus segment about Fiat Chrysler not buying Renaud after having a slate

segment about Fiat Chrysler buying Renault last week,

you know, business and finance news, never boring.

And somewhere in there, we are going to talk about ice cream, which is very exciting.

So all of that is coming up on Slate Money.

So I think we should start with the Fed since we had the jobs report this morning. Every so often we should do this. And Emily is just like,

what is this, a finance and markets show? I mean, the Fed's conversation is just like, are they

going to raise the rates? Are they going to lower the rates? Are they going to raise the rates?

Or are they going to lower the rates? That they going to raise the rates or are they going

to lower the rates? That's the current buzz about the Fed. They're meeting soon and they might

lower the rates. After they raise the rates, Trump didn't like them raising the rates. And now,

coincidentally, they might lower the rates. They're not lowering the rates because Trump's

tariffs is helping the economy kind of slow down. That's my takeaway. And that's every Fed story. And I'm sorry. I know it's heresy, but I don't care. Convince me that it's more interesting than I think. Well, there's a couple of things going on here. First thing on Friday, we had this jobs report, which was very disappointing. It was a low number for the number of jobs created in May.

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