Good morning. On Fortune’s radar today:
- Markets: Up, mostly.
- Trump threatens more bombing.
- The Strait of Hormuz slams shut.
- U.S. missile stockpiles are dwindling.
- No one knows what the endgame is.
- China’s export trade shrugs off U.S. tariffs.
- What jobs do illegal immigrants actually do?
- Apple’s super-spicy gossip about OpenAI .
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