Greetings! Happy Veterans Day to those celebrating.

Let’s get into today’s top stories.

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🇾🇪 Yemen’s Houthis say Red Sea and Israel attacks paused for now. The group signaled it had halted strikes on Israeli targets and Red Sea shipping, framing the pause as contingent on Israel adhering to a ceasefire it has recently violated. Regional shippers and reinsurers will watch daily AIS traffic and war-risk premiums for proof of de-escalation. The United Nations (UN) will be pressed on inspections and maritime corridors that reduce miscalculation at choke points like Bab el-Mandeb. Energy desks will track Brent moves tied to lowered disruption odds and faster transits through the Suez pipeline chain. Military planners remain wary because conditional pauses often unravel when any side tests red lines. Humanitarian agencies argue stable lanes cut costs for aid to Gaza. Diplomacy is measured in on-time arrivals, not podiums.

🇵🇰 Pakistan suicide blast hits Islamabad court, kills 12. Officials said a bomber detonated inside a judicial complex, leaving at least 12 dead and 27 wounded as emergency teams raced victims to nearby hospitals. The Interior Ministry raised security levels across federal sites while investigators combed CCTV for an accompanying support cell. The National Counter Terrorism Authority (NACTA) will map links to recent attacks in Khyber Pakhtunkhwa and Balochistan. Blood supplies, surgical capacity, and ICU beds became the day’s blunt metrics of response. Lawyers’ associations demanded fortified screening and reviewed case dockets that may have triggered the assault. Insurance and landlords around the zone will reassess entry protocols and blast standards. The docket must reopen for confidence to return.

🏛️ Senate passes shutdown bill and ships it to the House. The chamber advanced a package to reopen agencies, setting up a sprint vote across the Capitol as furloughs, missed grants, and procurement backlogs pile interest by the week. The Congressional Budget Office (CBO) will tally back-pay and penalty costs that make short closures deceptively expensive. The Office of Management and Budget (OMB) will issue restart memos that agencies convert into hiring, inspections, and vendor payments. The Federal Aviation Administration (FAA) expects training delays to ripple into fewer controller hours through holiday peaks. States counting on education and disaster reimbursements want calendar certainty, not adjectives. Markets priced a modest relief rally while muni desks trimmed shutdown premia.

⛪ Bishops face leadership vote and immigration flashpoints. America’s Catholic conference will choose a new president while parishes grapple with federal tactics on raids, deportations, and family separations. Past pastoral letters meet present logistics as dioceses weigh legal clinics, shelter space, and coordination with city agencies. Advocates want clearer guidance on sanctuary policies and clergy–congregant confidentiality. Border dioceses emphasize humanitarian aid and due-process education, while others prioritize trafficking prevention and family reunification. Political operatives will parse any resolution language for 2026 signals. The United States Conference of Catholic Bishops (USCCB) must balance doctrine with practical accompaniment at scale. The vote sets the tone more than the law, but tone shapes budgets and priorities.

💹 SoftBank exits Nvidia stake, pivots attention to OpenAI. SoftBank Group ($SFTBY) said it sold about $5.8 billion in Nvidia Corporation ($NVDA) shares, banking gains as it courts exposure to foundation-model platforms. The move recycles chip windfalls into application-layer bets where margins can compensate higher than silicon. Portfolio math matters: trimming concentrated winners reduces VAR while funding new option-like upside. For Nvidia, float rotation barely dents demand for Blackwell-era accelerators. For startups, Masayoshi Son’s checkbook is a weather system that changes fundraising barometers overnight. Strategically, SoftBank is signaling a belief that model distribution moats can rival hardware moats. The next quarter’s KPI is deployed compute tied to recurring revenue, not headlines.

🚨 Illinois father says agents pepper-sprayed him and his toddler daughter. A suburban Chicago dad alleged federal officers doused him and his child as they walked to a store, igniting questions over identification, use-of-force thresholds, and body-cam policies. Civil-rights groups requested preservation of all video and dispatch audio. The Department of Homeland Security (DHS) will review incident reports against guidelines for proportional response and bystander risk. Pediatricians warn that even brief exposure can trigger respiratory distress in young children. Local officials called for an independent review to maintain community trust amid tense immigration enforcement politics. Defense counsel for agents will emphasize perceived threat and split-second judgment. The case will turn on footage, not adjectives.

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That’s all for today!

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