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Jobs are bundles of tasks. AI and other technologies may eliminate or modify some of many of these tasks, but rarely all of them. Very interesting reporting from the @FT about how AI is changing rather than eliminating entry-level jobs.

Jobs data is what this week comes down to. Samsung opens Monday with a 1,000+ trillion KRW investment plan — 300 trillion earmarked for a new chip fab. Direct read-through for HBM and advanced packaging names. Warsh speaks at the ECB forum Tuesday, and every word gets parsed for clues on the second-half rate path. Wednesday, US June NFP and unemployment drop together. The question the market has been sitting on: can the labour market hold up at these rates? Short week — HK closed Tuesday, US closed Friday. The trading window is tighter than it looks.