2026-06-08
Trump's H1-B fee struck down. Israel and Iran stepped back from war. Markets repricing Fed expectations.
Good evening. A federal judge halted Trump's $100,000 visa fee. The Middle East flickered toward combat, then didn't. And Wall Street just extended its rate-cut forecast to 2027.
What Actually Happened
Federal court ruled Monday the fee was a tax Trump had no authority to impose. The H1-B pathway survives intact.
Twenty-four hours showed how fragile the Middle East truce remains. Trump pulled both sides back from combat. For how long is an open question.
Dan Cogdell, who led Paxton's 2023 impeachment defense, backed Democrat James Talarico in Texas's Senate race. The endorsement lands hard.
Supreme Court vacated the lower court's approval of regulations on gas furnaces and water heaters. The rules survived one level; they did not survive this one.
China's leader met Kim Jong Un on Monday, pledging to take ties to 'new heights.' The visit signals Beijing's pivot toward Pyongyang.
A stronger-than-expected jobs market has rewritten Wall Street's playbook. The Fed will hold longer than traders assumed. Bonds adjusted accordingly.
The FTX founder, serving 25 years for fraud, has applied. The White House has not replied.
Carr slammed the ex-CBS reporter for not foreseeing his firing. The public argument amounts to Carr lecturing a journalist on media dynamics.
- 7.8 quake kills 32 in southern Philippines
- SpaceX IPO tests Musk's entangled empire
- Penn Station renovation awaits federal funding word
- Pope Leo denounces clergy abuse as 'scourge'
- France and Germany scrap joint fighter jet
- NATO shoots down Russian drone over Latvia
- Apple unveils long-awaited AI features
- Siri gets major upgrade in new AI platform
- iOS 27 developer beta now available
- Murdaugh retrial gets new judge
"Worth paying attention to. Don't doomscroll."
"The wire took a breath. Don't get used to it."
Courts struck down fees and rules. Middle East held its breath. Markets repriced the future. Standard bandwidth.
Back at 7:00 AM ET with the morning shot brief.