//DISPATCH
EVENING EDITION
Thursday, June 11, 2026, 17:55 CT

S&P 500 CLOSE
7,394.30
+1.75%
DOW CLOSE
50,848.75
+1.86%
NASDAQ CLOSE
25,809.66
+2.54%

Trump Cancels Planned Iran Strikes Amid Imminent Peace Deal Claims

President Trump announced he has canceled scheduled bombings against Iran as a potential peace agreement nears finalization. While Trump stated that high-level discussions have approved the deal, NPR notes his recent rhetoric has fluctuated between threats of war and promises of peace. The Wall Street Journal reports that the U.S. naval blockade of Iranian ports will remain in effect until the transaction is completed.


U.S.

Trump Nominates Jay Clayton for Director of National Intelligence

President Trump has nominated U.S. Attorney Jay Clayton to lead the Office of the Director of National Intelligence. The New York Times reports the move follows a political backlash against the interim appointment of Bill Pulte. NPR notes that Clayton's nomination may not prevent the expiration of the Section 702 surveillance program.

House rejects FISA Section 702 extension as surveillance authority faces expiration

The House rejected a short-term extension of Section 702, making a lapse in surveillance authority nearly certain. While the New York Times notes that the stalemate was fueled by opposition to President Trump's appointment of Bill Pulte as acting intelligence chief, Axios reports that the vote also included conservative Republicans seeking stronger privacy reforms.

WORLD

Trump threatens to seize Kharg Island amid new military strikes on Iran

President Trump announced renewed U.S. attacks on Iran following the downing of an Apache helicopter. While The Wall Street Journal focuses on the ongoing military strikes and efforts to protect oil tankers in the Strait of Hormuz, Axios highlights Trump's specific threat to seize the strategic Kharg Island to choke Iranian oil revenue.

El Niño phenomenon underway, threatening global weather extremes

US scientists at NOAA have declared El Niño conditions are officially underway in the tropical Pacific. The event could potentially become a super El Niño, threatening record-high global temperatures and significant disruptions to food supplies. While the BBC reports on the potential for extreme weather, the Japanese Meteorological Agency also confirms the presence of the phenomenon.

World Cup 2026 begins in Mexico City with vibrant opening ceremony

The 2026 World Cup kicked off at Mexico City's Azteca stadium featuring performances by Shakira and other global artists. While the BBC reports on the festivities and cultural displays, the coverage also notes recent challenges including stadium renovations, protests, and cartel violence.

BUSINESS

SpaceX achieves record $75 billion IPO at $135 per share

SpaceX finalized its initial public offering by selling over 555 million shares, valuing the company at $1.77 trillion. The New York Times notes the offering may make Elon Musk the world's first trillionaire, while Axios reports the offering was heavily oversubscribed by retail investors. The company begins trading under the ticker SPCX on Friday.