Hormuz Reality Check, SpaceX Keeps Surging, Jobs Shape Political Fight

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US President Donald Trump keeps repeating that the Strait of Hormuz — through which one fifth of the world’s oil and liquefied natural gas supplies normally flow — will reopen by Friday.(2) The UK said it would impose fresh sanctions on Russia and extend further energy support to Ukraine, as Prime Minister Keir Starmer and his European allies seek to increase pressure on Vladimir Putin and encourage US President Donald Trump to push for new peace talks to end the conflict.(3) Swiss voters are more inclined to back closer ties with the European Union than reject it, a poll showed in the wake of a plebiscite that had threatened to upend the relationship.(4) China’s consumer spending and investment slumped to levels unseen since the pandemic, exposing risks still facing the economy even as it benefits from a deescalation in tensions around Iran while exports boom.(5) SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.(6) Andy Burnham, the prime ministerial-hopeful who markets worry may be too far to the Left, has at least one economic idea that should go down well across the political spectrum: reverse deindustrialization.Podcast Conversation: Polymarket Traders Clash Over $345 Million Iran Peace MarketSee omnystudio.com/listener for privacy information.