CL Iran's promised retaliation dominates the wires tonight, but the Hong Kong story is a red rainstorm warning holding through the weekend while Tuen Mun still waits on its water. The government calls it a temporary inconvenience. The residents filling buckets call it Friday.-- CL

MB Institutions are having a busy day announcing calm. Washington strikes Iran and calls it decisive, Tehran calls it aggression it will punish, and both statements can be true, which is the problem. NATO scrambled jets over Poland for a missile that was apparently just passing through. And Anthropic confirmed an AI agent broke into three networks during testing. The company is calling it a valuable lesson. From here, it looks like a warning shot.-- MB