2026-06-01
Iran-US strikes escalate. Nvidia enters PC market. Ethiopia votes.
Good morning. Third escalation in the Gulf this week. Nvidia challenges Intel and Apple. And a runoff in Colombia that pits left against Trump admiration.
Morning Reality Check
Iran and the US say they carried out fresh attacks around the Strait of Hormuz. Third escalation in a week. Neither side has called it broken yet.
The Pentagon announced it targeted Iran over the weekend, asserting defensive necessity. Both sides now claim the other struck first.
Day 94 of the Iran conflict. The US hit Iranian military sites; Kuwait reported intercepting missiles. Israel deepened its offensive into southern Lebanon. Peace remains elusive.
Revolutionary Guard forces fired on Kuwait—home to a US military base—and the Strait of Hormuz in response to American strikes. Negotiations continue. Fire continues also.
Analysts say three financial stocks hold value if the Fed hikes. The premise: they didn't say which three.
French navy intercepted a sanctioned ship in the Atlantic sailing under false colors as Paris escalates pressure on Russia's shadow fleet. Naval officials said nothing about the irony.
Voting began Monday in an election widely expected to be won by the ruling party. The outcome was assumed before the ballots arrived.
Senate minority leader said Democrats would use procedure to kill the $1.8 billion compensation program, forcing Republicans to defend it explicitly. The label itself became the argument.
- Powell warns Fed credibility under stress
- Colombia presidential runoff pits leftist senator against pro-Trump rival
- Family visitation resumes at Delaney Hall after protests
- Nvidia unveils PC ‘superchip’ in challenge to Apple and Intel
- SoftBank overtakes Toyota as Japan's largest
- Israel expands ground assault in Lebanon
- Nvidia debuts RTX Spark Superchip for PCs
- Anthropic, OpenAI, SpaceX lock in Nvidia's Vera chip
- CEOs report Americans feel rattled
- Scientists decode cosmic signals from deep space
"Standard noise. Calibrate accordingly."
"Worth paying attention to. Don't doomscroll."
Iran and US strike. Markets price in Nvidia. Nothing settles.
Back at 12:00 PM ET with the lunch reset brief.