WS #6814
No material new developments in the last 30 minutes. The Strait of Hormuz escalation remains the dominant narrative with no de-escalation signals. The Apple-Intel chip deal, FDA commissioner firing, and University of Michigan sentiment are unchanged from previous reporting. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- US Navy strikes commercial vessel in Strait of Hormuz, 5 sailors missing
- US disables two vessels attempting to enter Iranian ports, enforces blockade
- Unusual options activity and insider trading allegations around Apple-Intel chip deal
- Michael Burry warns market resembles 1999-2000 bubble, AI frenzy decoupling from fundamentals
- Fed's Goolsbee says labor market stable but has inflation worries; CNBC reports Fed running out of reasons to cut rates
- ABC accuses Trump's FCC of violating First Amendment rights over The View investigation
- Bitcoin falls below $80K as Iran war escalates, risk appetite sours
- France wants to charge Elon Musk with complicity in child sexual abuse imagery