2026-06-10
US-Iran tensions escalate, global markets react, and weird news abounds.
Good afternoon. A day of heightened tensions between the US and Iran, with strikes exchanged and markets reacting accordingly. Meanwhile, inflation surges to a three-year high in the US, and governments around the world are borrowing at a record pace.
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The US military carried out precision strikes on Iranian air defense and radar sites, calling it a proportional response to recent attacks on American forces and shipping, Bloomberg's Abeer Abu Omar reports.
S&P 500 Index futures fall 1.1% as of 7:45 a.m. in New York as weakness in technology continues and the US and Iran exchanged strikes overnight.
The U.S. and Iran have exchanged strikes after a helicopter was downed Monday near the Strait of Hormuz. And, House Republicans have passed a bill to fund ICE and Border Patrol through Trump's term.
Police are treating the case as a possible homicide and have a Thai woman in custody, sources told The Associated Press.
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Governments are borrowing from syndicated bond markets at a record clip as public spending surges.
- Belfast burns after Sudanese migrant arrested in brutal knife attack
- US inflation surges to three-year high of 4.2%
- Pakistan military helicopter crashes in Kashmir, all on board killed
- Inflation rises to 4.2 percent in May, highest level in 3 years
- French government seeks to defuse crisis after girl's killing exposes judicial failings
"Standard noise. Calibrate accordingly."
"The wire took a breath. Don't get used to it."
Back at 6:00 PM ET with the night owl brief.