FIVE MINUTE DAILY

Iran is tightening its grip on the Strait of Hormuz even as backchannel nuclear talks continue, putting one of the world's most critical shipping lanes back in focus.

We also cover a sharply weaker U.S. jobs report, a surge in ICE arrests, fresh pressure on global automakers and Big Tech, and scientific breakthroughs that could reshape medicine and our understanding of life itself.

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

TEEN MONEY

Helping your teen learn to manage money is a big step, and Cash App Card makes it easy for both of you.

They get a secure debit card and easy ways to save and send money, while you stay in the loop every step of the way. 

All with no monthly or hidden fees for you or your teen.

Why millions of families trust Cash App Card:

Instant discounts on everyday spending

Add offers and save on groceries, restaurants, rides, and more.

No monthly or hidden fees
Shop in-store and online where Visa is accepted with no monthly or hidden fees.

24/7 fraud monitoring
Avoid scams before they can happen with proactive security features.

Oversight and control
Review your teen’s spending, control who can send them requests, and lock their card if it’s ever lost or stolen.

Get started with Cash App

Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s  bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa®  Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant  to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp).

_{Please support our sponsors!}

Iran issued a 'forceful response' warning to all tankers crossing the Strait of Hormuz without using its approved route — covering roughly 20% of global daily oil supply. AP fact-checked Iran's supporting footage: the "foreign" ship Iran claimed ran aground was an Iranian-linked sanctions-evading vessel whose name was blurred from the broadcast.

US and Iranian negotiators met separately with Qatari mediators Wednesday, with Qatar announcing "positive progress made" and both sides agreeing to continue discussions. Next talks are scheduled "at the earliest possible time" following Khamenei's funeral; both sides say nuclear negotiations remain at a critical juncture.

The US added 57,000 jobs in June — less than half the 115,000 forecast — as unemployment fell to 4.2% only because workers stopped looking, not because hiring improved. Restaurants, bars, and hotels shed 61,000 jobs despite World Cup tourism; wages rose 3.5% year-over-year but remain below inflation.

Labor force participation hit a 50-year low at 61.5% as workers exit the workforce rather than keep searching; S&P 500 rose 0.7% as markets priced in a slower Fed. Warsh has given no July rate guidance; economists say the report may give the Fed cover to hold steady.

ICE arrested roughly 10,000 people over five days in late June — about 2,000 per day — surpassing its previous peak of 1,283 daily arrests from last December. Detention centers now hold 39,000 people — up 9,000 since February — following DHS Secretary Noem's firing after two Americans died in Minneapolis raids.

The administration has shifted away from city sweeps toward quieter distributed enforcement that draws less attention and fewer protests. Congress has held no public hearings on the surge; a parallel $46 billion smart wall is simultaneously adding six miles of AI-equipped fencing per week.

Prime Minister Mark Carney announced multibillion-dollar investments in a new Alberta-to-Pacific oil pipeline and natural gas facilities aimed at deepening trade with Asia. The package is Ottawa's clearest attempt yet to reduce economic dependence on its southern neighbor.

West Papua rebels say they killed US pilot Nicholas Gosselin in Highland Papua province, claiming civilian aircraft were ferrying Indonesian troops into the region. Indonesian officials confirmed the plane was found burned but could not account for Gosselin or the seven passengers on board.

A bomb planted in a Damascus cafe near the Palace of Justice killed six people and injured 22 on Wednesday — Syria's deadliest bombing since a church attack in June 2025. Syria's interim government blamed jihadist groups; no group claimed responsibility and authorities are still investigating.

The Vatican excommunicated all SSPX bishops and priests Wednesday, warning lay members who "formally adhere" to the group face the same punishment — a response broader than canon law requires. SSPX's 600,000 members remain defiant; the society's leadership called the July 1 ordinations of four bishops a "sacred duty" performed against the pope's direct wishes.

The Supreme Court cleared the way for the Trump administration to end Temporary Protected Status for Haitians and Syrians, removing deportation protection for hundreds of thousands of residents. Healthcare groups warn deportations could be "catastrophic" — Haitian TPS holders anchor the US nursing workforce amid an already critical staffing shortage.

A heat dome is driving temperatures to 100°F across the US Midwest and East ahead of July 4, with heat indices reaching 115°F in DC, New York, and Philadelphia. Up to 90 million Americans face warnings or advisories; nighttime temperatures are not dropping below 80°F in some areas, preventing bodies from recovering overnight.

STANDOUT PICKS NOW

Every market cycle produces a handful of companies that dramatically outperform the rest.

Our latest screening has identified the 5 Stocks Set to Double — companies showing rare early-stage momentum traits.

These picks carry the same indicators that historically precede strong rallies.

Past reports highlighted stocks that surged +175%, +498%, and +673%.

Get the Free 5 Stocks Set to Double Report.

*This free resource is being sent by Zacks. We identify investment resources you may choose to use in making your own decisions. Use of this resource is subject to the Zacks Terms of Service.
*Past performance is no guarantee of future results. Investing involves risk. This material does not constitute investment, legal, accounting, or tax advice. Zacks Investment Research is not a licensed dealer, broker, or investment adviser.

_{Please support our sponsors!}

Tesla shares fell 7% Wednesday — their worst session in nearly a year — despite Q2 deliveries beating Wall Street's forecast by a meaningful margin. Analysts cited "buy-the-rumor, sell-the-news" dynamics; ongoing EV demand concerns dragged the stock back despite strong operational results.

Europe's highest court upheld a €4.1 billion fine against Google for abusing Android's dominance — originally levied in 2018 — after Google's final appeal was rejected. Google was found to have struck pre-installation deals with smartphone makers that illegally pre-loaded its own apps; no further appeal is possible.

Ford's Q2 US sales fell 10.3%, hurt by an 11% F-Series drop from a supplier disruption and a 40.7% collapse in pure EV sales year-over-year. USMCA uncertainty compounds the pressure; Ford is navigating a major supply chain renegotiation with both Canada and Mexico simultaneously.

NASA satellites are watching a rare submarine eruption north of Papua New Guinea that may be building fresh land above the waterline. Oceanographers note that much of the deep seafloor remains less mapped than the surface of Mars.

Neil Shubin took over the NAS Wednesday, pledging to "double down" on research after Trump-era contract cuts hit the academy's operating arm. Shubin is known for discovering the Tiktaalik "missing link" fossil; Republican lawmakers have accused the academy of partisan bias, justifying the cuts.

Midjourney filed a discovery motion asking a federal judge to force Disney, Universal, and Warner Bros. to disclose internal AI training datasets, model weights, and board-level AI discussions. Studios sued Midjourney for copyright infringement; Midjourney argues "fair use" and claims studios engage in identical AI training practices internally.

Spain beat Austria 3-0 at SoFi Stadium Wednesday with Mikel Oyarzabal scoring twice and Pedro Porro adding a header; Spain's goalkeeper has kept four consecutive clean sheets this tournament. Lamine Yamal and Pau Cubarsí became the first teenage pair to start a World Cup knockout game since Pelé and Altafini for Brazil in 1958.

Boston traded Jaylen Brown to Philadelphia for Paul George, two unprotected first-round picks, and two second-round picks in a blockbuster that cannot officially close until Monday. Brown, 29, averaged 28.7 points last season and earned second-team All-NBA honors; he released a statement saying he is "excited and disappointed" simultaneously.

Caitlin Clark, Aliyah Boston, and Kelsey Mitchell were named WNBA All-Star starters — all three from the Indiana Fever — for the July 25 game at Chicago's United Center. Rookie Olivia Miles of Minnesota made the starting lineup; this season pairs NBA legends Cynthia Cooper and Teresa Weatherspoon as honorary team-selecting general managers.

A Florida judge approved prosecutor access to Tiger Woods' hospital records from his March DUI arrest; deputies found pain pills on him and he refused a urine test. Woods has pleaded not guilty and sought inpatient treatment abroad; his first public appearance came last week at the Travelers Championship.

John Oliver makes his 'General Hospital' debut this week — arriving by helicopter with a Glock in a multi-episode arc airing July 2, 3, and 6 on ABC. Co-star Laura Wright called his performance "incredible"; Oliver also shot three "Days of Our Lives" episodes airing in August, inspired by Stephen A. Smith's soap opera career.

Apple TV+'s "Pluribus" is projected to lead Emmy nominations with 22, followed by HBO Max's "The Pitt" at 21 — with announcements coming July 8. Netflix is forecast to lead all networks with 124 nominations; the Primetime Emmys will air September 14 on NBC.

LaRoyce Hawkins will exit "Chicago PD" early in its 14th season, departing a role he has played since the show's 2014 launch; his character's exit details are being kept secret. All three "One Chicago" shows return October 7 for the 2026–27 broadcast season; Hawkins recently appeared in Disney+'s "Ironheart."

LAWN CARE

Keeping your lawn looking its best can take time, effort, and the right treatments. TruGreen® delivers professional lawn care services designed to help your lawn stay lush, green, and healthy.

Their trained specialists apply targeted treatments to help control weeds, improve soil health, and promote stronger grass growth throughout the season.

Check Lawn Care Availability

_{Please support our sponsors!}

What it is: More than 140 Venezuelans on a US deportation flight arrived at Hotel Santuario La Llanada in La Guaira on June 24 — hours before twin earthquakes struck, collapsed the hotel, and left most of them unaccounted for. Family members in the United States have been unable to trace their relatives; DHS told one family that "when an individual is no longer in ICE custody, ICE is no longer responsible for them."

The detail: At least one deportee had both legs amputated after being trapped under rubble for 40 hours without identification — discovered in a Venezuelan hospital with no connection to any US tracking system. Other survivors were found injured in hospitals around La Guaira; the State Department has not issued an official count of how many deportees died or remain missing.

Why it matters: US deportation policy considers its obligations complete the moment a flight lands — a legal framework that provided no mechanism for tracking, notifying, or assisting deportees dropped into one of the Western Hemisphere's deadliest disasters in a generation. Venezuela's twin earthquakes killed more than 2,200 people and left tens of thousands missing — a scale of destruction that made informal family-to-family tracing nearly impossible.

What to watch: Congress has received no official accounting of how many deportees were on that flight, how many survived, or how many died; no lawmakers have publicly demanded one from DHS in the weeks since the disaster. Whether courts or future legislation force any revision to post-deportation accountability is the central question this case — quietly and without much attention — has already raised.

- A pair of extreme climbers who got engaged atop the Empire State Building have now been arraigned, proving that "will you marry me" and "you have the right to remain silent" can happen in the same weekend.

- Residents of an Ethiopian town were forced to kill hundreds of their own dogs after a rabies outbreak, some hanging beloved pets to avoid fines — a public health crisis with no comfortable ending.

- A woman's mysterious decline turned out to be cobalt poisoning from her disintegrating hip replacement, which is a sentence no one wants applied to a device installed inside their body.

Thanks for reading Five Minute Daily. Share this edition with someone who wants the biggest stories without the noise.

—The Five Minute Daily Team