Locator: 50557PEACE.
Updates
Later, 8:30 a.m. CT: at the open --
Later, 8:19 a.m. CT: will the Dow cruise through 600? It's at 598 now! [Later, 8:20: up 608 points, up 1.23%.]
For context: the greatest percentage jump in the Dow in one day? March 15, 1933, when FDR re-opened the banks. Ten days earlier, FDR "had put boots on the ground" -- shutting down all US banks. Ten days later, March 15 -- the ides of March -- the Dow added 6 points, or 15%:
Speaking of "boots on the ground": FDR put a few boots on the ground in Europe back in the day, in a war that lasted some six years -- depending upon when you date its beginning.
Headlines, then, I recall, seemed to suggest the Americans supported that Democrat president, who's VP finally dropped a couple of atomic/hydrogen bombs after he had had enough and wanted folks to come home. The New York Times did not have trouble finding Iwo Jima on the map.
Original Post
First time in decades Israel and Lebanon have had direct talks.
Trump / Netanyahu will get no credit. Already, Iran, Hezbollah, and The New York Times are taking credit. Journalists on the NYT staff are pulling out maps to see where Lebanon is located. Will have full analysis by noon to learn how Trump screwed this all up.
Has Trump, Hegseth, Vance, or Rubio been to the beach yet this year? Has Trump even taken time to go golfing? Asking for a friend.
We will never now how may Hezbollah leaders it took to get to this point. But I bet it was more than one.
Holy mackerel! The Dow rallies 550 points, the NASDAQ, 235 points! WTI plummets -- down 10%.
Just last week, the S&P was struggling to hit a new all-time record (7,000 in round numbers) -- today, premarket, the S&P is standing at 7,132. Okay.
- takes the elevator up;
- but takes the stairways down.
Breaking: Iran declares the Strait of Hormuz completely open to commercial traffic during the Israel-Lebanese ceasefire.
- the Houthis are beside themselves! No purpose in life!
- Somaliland has offered -- seriously -- permanent basing for US military --
- the Brits and the French, later today, will demand the strait be left open over the weekend to give them time to get their two destroyers in place
When will we start referring to the Iranian War as the "six-week war"? Early on they tried to call it Trump's War -- but now ... for the War Powers Act, does the clock re-set after each cessation in hostilities?
Boots on ground? Right now it looks like the only "boots on ground" will be UN inspectors looking for uranium buried under tons of rubble.
Strait: I was going to write something pithy and then the CNBC crawler just crawled out of its cave to announce that Iran declares the strait open to all commercial traffic.
US market: opening in about 45 minutes.
