FIVE MINUTE DAILY

Sponsored by

Houthi fighters have seized Mokha, putting the Iran-backed group within 75km of the Bab al-Mandab shipping chokepoint, while U.S. crude breaks $100 and the Dow falls for a fourth day. Elsewhere, a Russian drone hits a crowded Ukrainian mall, and Trump’s mail-voting rules remain blocked as ballots go out.

Forward this to a friend who wants the world in five minutes.

How 2M+ Professionals Stay Ahead on AI

AI is moving fast and most people are falling behind. 

The Rundown AI keeps you ahead of the curve. 

It's a free AI newsletter that keeps you up-to-date on the latest AI news, and teaches you how to apply it in just 5 minutes a day.

Plus, complete the quiz after signing up and they’ll recommend the best AI tools, guides, and courses — tailored to your needs.

The Big Read

Houthis Seize Mokha, Yemen's Gateway to the Red Sea

Houthi fighters seized the port of Mokha on Thursday, taking the Red Sea city from Saudi-backed government forces after days of fighting. Military sources and witnesses put the Iran-backed group roughly 75km from the Bab al-Mandab Strait, the southern gate of Asia-to-Europe trade.

Analysts told AP the seizure hands Tehran another pressure point in its war with the United States, from a position about 80km from the strait. Houthi officials insist they pose no general threat to shipping, though they have repeatedly warned Saudi vessels since the Strait of Hormuz effectively closed.

A Russian Drone Hits a Crowded Ukrainian Mall

A Russian drone struck a shopping center in Pavlohrad on Thursday, killing four people and wounding 60 across the Dnipropetrovsk region, Ukrainian officials said. Interior Minister Ivan Vyhivskyi said the daylight attack landed "when the streets were full of people."

Pavlohrad is the third mall hit within days, following strikes on similar sites in Zaporizhzhia and Sumy. Moscow has spent September widening its target list as Ukraine's power grid heads into another winter under sustained fire.

Oil Breaks $100 and Wall Street Slides a Fourth Day

US crude topped $100 a barrel on Thursday for the first time since May, as traders priced in a longer war between Washington and Tehran. Attacks on ships near the Strait of Hormuz and fresh warnings over Iran's Pickaxe Mountain site drove the move.

Equities did not enjoy it — the Dow fell 316 points to 52,064, its fourth straight losing session. Nasdaq dropped 0.65% to 26,081 and the S&P 500 slipped 0.58% to 7,591, while the VIX jumped 8.4% to 17.84.

World View

More Than 20 Children Killed in DR Congo School Fire

At least 24 schoolchildren died in a stampede fleeing a fire that engulfed two schools in rebel-held Bukavu, in eastern DR Congo. Adults were also reported among the dead in the densely populated Kadutu commune, where some 300 houses burned and the cause remains unknown.

Algeria Cuts Diplomatic Ties With the UAE

Algeria severed diplomatic relations with the United Arab Emirates on Thursday, citing what its foreign ministry called "provocative or hostile" acts by the Gulf state. Algiers said it had "spared no effort" to warn the Emirati side of dire consequences, but named no specific trigger for the break.

Netanyahu to Sue Haaretz Over October 7 Warning Claim

Benjamin Netanyahu instructed lawyers to sue Haaretz for defamation over book extracts the Israeli newspaper published this week. Extracts claim UAE President Sheikh Mohammed bin Zayed Al Nahyan phoned him in September 2023, warning that Hamas was planning an operation.

Need To Know

Appeals Court Deals Trump a Loss on Mail Voting

A three-judge panel refused to lift an injunction blocking Trump's mail-voting executive order, days after states began sending out midterm ballots. Judge Indira Talwani's order stops the USPS from turning away ballots from states that did not pre-clear envelope designs and voter lists.

Trump Administration Targets UC Berkeley Law Admissions

Justice and Education department investigators opened a joint inquiry into UC Berkeley's law school, alleging discrimination against white and Asian applicants. Investigators accuse Dean Erwin Chemerinsky of designing application questions to circumvent the Supreme Court's 2023 ruling on race in admissions.

Former Michigan Hockey Players Sue Over Decades of Hazing

Sixteen former University of Michigan players filed a federal lawsuit in Detroit alleging ritualized sexual hazing on the hockey team between 1984 and 2001. Attorney Michael Pitt called the alleged abuse "ritualized, meticulously planned, and sadistic," and the complaint says coaching staff knew.

Massachusetts Court Reprimands Judge in ICE Escape Case

Massachusetts' top court publicly reprimanded Judge Joseph over a 2018 case in which a defendant left her courthouse through a back door. Shelley Joseph was accused of colluding with a defense attorney and a court officer to help the man avoid ICE agents waiting outside.

Money & Markets

Oracle Jumps 7% as Cloud Revenue More Than Doubles

Oracle beat first-quarter estimates after the bell, with cloud infrastructure revenue more than doubling year over year. Shares rose about 7% in extended trading, clawing back a 5.4% slide in a regular session that closed at $152.94.

Mortgage Rates Cross 7% for the First Time in a Year

The 30-year fixed mortgage pushed past 7% this week, its first move above that line in more than a year. Rising Treasury yields did the damage, and August home sales fell even with the largest supply of listings in over a decade.

Ford Puts $1 Billion Into a Kentucky Plant

Ford committed $1 billion to its Kentucky operations on Thursday, days after the Transportation Department aired "profound concern" over the automaker's China ties. Timing puts the investment squarely inside Washington's campaign to drag auto supply chains back onshore.

2 minutes. Your URL. A customer profile worth using.

Most founders can describe their product. They can't describe their customer. Not in a way that actually changes how they sell.

HubSpot for Startups built a free tool to fix that. Paste in your URL, answer a few quick questions, and it generates a structured profile of your best-fit customer. Firmographics, buying triggers, the works.

Takes 2 minutes. No spreadsheet required.

Future Frontiers

California Signs Sweeping Kids' Online Safety and AI Chatbot Laws

Gavin Newsom signed laws exposing large social media companies to penalties of up to $1 million per child harmed through negligence. New rules also ban addictive feeds for anyone under 16 and require AI chatbot operators to run risk assessments before rollout.

AI Labs Are Paying a $1.5 Million Premium Over Academia

A National Bureau of Economic Research analysis found top AI researchers in industry out-earn matched academic peers by $1.5 million a year. Nature interviewed academics across the US and Europe who described watching students leave for Anthropic and OpenAI on multimillion-dollar packages.

Twenty-One States Sue Over Endangered Species Act Rollback

California and 20 other states filed two lawsuits Thursday to block the administration's rewrite of Endangered Species Act protections. Attorney General Rob Bonta pointed to condors and sea otters, species that recovered under the 1973 law signed by Richard Nixon.

The Score

Tua Tagovailoa Hurts His Oblique Four Days Before Week 1

Falcons quarterback Tua Tagovailoa injured his oblique at Thursday's practice in Flowery Branch and landed on Atlanta's injury report as a limited participant. Cooper Rush took every first-team rep in the team period afterward, with Atlanta traveling to Pittsburgh on Sunday.

Mahomes Says He'll Play the Opener Without Limits

Patrick Mahomes expects no limitations Monday night against Denver, nine months after tearing the ACL and LCL in his left knee. Mahomes, now 30, has not missed a single practice across seven weeks of Kansas City's training camp.

Chisholm Hits the IL, Volpe Returns to the Yankees

Jazz Chisholm Jr. landed on the IL with a sprained right thumb, and New York recalled Anthony Volpe before Thursday's finale against Colorado. Volpe hit .524 with three homers and six RBIs over his last six games at Triple-A Scranton/Wilkes-Barre.

The NBA's Eight Oldest Franchises Get New Uniforms

Nike unveiled "Specter" uniforms for the Knicks, Celtics, Lakers, 76ers, Warriors, Pistons, Hawks and Kings at a Brooklyn event. Designs pull from each club's history, city heritage and fan culture, and the eight original-era teams will wear them this season.

Life & Culture

Kimmel Says the FCC Pushed His Talarico Interview Off TV

Jimmy Kimmel says the FCC threatened his show, and his interview with Texas Senate candidate James Talarico will run on YouTube instead of broadcast. Talarico is in a tight race against Republican Ken Paxton, and Colbert moved a February appearance online over similar equal-time concerns.

Marvel's X-Men Reboot Casts Its Angel

Marvel cast Asa Germann as Angel in its X-Men reboot, adding the "Gen V" star to a lineup Kevin Feige revealed at D23 last month. Germann joins Sadie Sink as Jean Grey, Kit Connor as Cyclops, Samara Weaving as Emma Frost and Christopher Abbott as Professor X.

"Hawaii Five-O" Is Getting a Movie

Paramount is developing a feature version of the police procedural, with "Spider-Man: Brand New Day" director Destin Daniel Cretton attached. Chris Bremner, who wrote "Bad Boys for Life," is handling the script while Cretton's Spider-Man sequel keeps printing box office numbers.

Deep Dive

The Ballots Are Already in the Mail

North Carolina began mailing midterm ballots on September 4, and Alabama and Wisconsin have since followed with waves of their own. None of the three yet knows which rules those ballots were sent under, and neither, at this point, does the Postal Service.

What it is: Trump's March executive order routes mail voting through the Postal Service, which must pre-clear every state's ballot envelope design before carriers will deliver it. States must also upload lists of eligible mail voters to a federal portal that, as of last week, still had not been activated.

The detail: Judge Indira Talwani blocked the rule September 4, ruling states could not pivot so late, and a First Circuit panel refused to lift it today. Solicitor General John Sauer now has an emergency application at the Supreme Court, which in August lifted an earlier injunction without endorsing the order itself.

Why it matters: Sauer's own filing undercuts his case for speed, conceding that "once those ballot envelopes enter the mailstream, there is no retrieving them." Nearly a third of American voters cast ballots by mail, and nobody has explained what happens to those already in transit.

What to watch: Courts have rewritten mail rules mid-election before, notably in 2020 when a deadlocked Supreme Court let Pennsylvania count ballots arriving after Election Day. Don Millis, the Republican chair of Wisconsin's election commission, put the bipartisan worry plainly: "There's a fundamental concern this thing is not going to work."

Become An AI Expert In Just 5 Minutes

If you’re a decision maker at your company, you need to be on the bleeding edge of, well, everything. But before you go signing up for seminars, conferences, lunch ‘n learns, and all that jazz, just know there’s a far better (and simpler) way: Subscribing to The Deep View.

This daily newsletter condenses everything you need to know about the latest and greatest AI developments into a 5-minute read. Squeeze it into your morning coffee break and before you know it, you’ll be an expert too.

Subscribe right here. It’s totally free, wildly informative, and trusted by 600,000+ readers at Google, Meta, Microsoft, and beyond.

Extra Bits

Enjoyed today's Five Minute Daily? Forward to a friend who wants the world in five minutes.

—The Five Minute Daily Team