The People's Verdict
← Back·04-09-2026·5 min read·The Bulletin

Ceasefire cracks in Lebanon. Pope Leo rebukes Trump by name. Markets cheer another TACO Tuesday.

What you need to know before Thursday starts.

IRAN + DIPLOMACY
The ceasefire lasted about 12 hours before it started falling apart.

Tuesday's ceasefire had just taken effect, but Israel, which said Lebanon was never included in the deal, launched the largest coordinated strikes on the country since the war began. Lebanon's health ministry reported at least 182 people killed and nearly 900 wounded. Iran immediately responded by stopping access to the Strait of HormuzStrait of HormuzA narrow waterway between Iran and Oman connecting the Persian Gulf to the Arabian Sea. Roughly 20% of the world's oil supply passes through it, which is why disruptions there quickly move global energy markets. again. Pakistan, who brokered the deal, said the ceasefire covered all fronts including Lebanon, but NetanyahuNetanyahuBenjamin Netanyahu, Prime Minister of Israel. He leads Israel's wartime government and has argued that the Iran ceasefire does not apply to Israel's campaign against Hezbollah in Lebanon. said it didn't. Formal talks begin Friday in Islamabad, but the ceasefire is already being tested by a fundamental disagreement over which land it actually covers.

WORLD
The first American pope directly called out the American president by name.

Earlier this week, Pope Leo XIV rebuked the wars raging in the world, but did not call out any single nation by name. However, speaking to reporters outside his residence at Castel Gandolfo, he directly addressed Trump, saying his “whole civilization will die tonight" warning was "truly unacceptable," calling it a violation of international law, and moral failure.

MARKETS
Ceasefire news signals success for some investor predictions: TACO Tuesday.

Markets exploded Wednesday on ceasefire news. The stock market wiped out weeks of losses in a single session. This pattern has earned a nickname: TACO- "Trump Always Chickens Out.” Investors have learned to buy the dip when Trump escalates, betting he'll take back his words before the worst happens, resulting in the market bouncing back. It worked again on Tuesday.

IMMIGRATION
TSA has been feeding ICE passenger data for immigration arrests: 800+ people arrested.

Reuters obtained internal ICE data showing that the TSA shared records on more than 31,000 travelers from the start of Trump's presidency through February 2026, resulting in more than 800 arrests. The scale at which these arrests were made was far from what was publicly known.

IMMIGRATION
ICE shot a man during a vehicle stop in Northern California. This brings the amount of ICE shootings from 14 to 15 since September.

Amid a targeted vehicle stop in Patterson, Northern California, ICE agents shot Carlos Ivan Mendoza Hernandez. Hernandez weaponized his vehicle, and the acting ICE agent acted as he was trained and fired “defensive shots to protect themselves, their fellow agents, and the public” (Todd Lyons, Acting Director of ICE). Hernandez was an alleged member of the 18th Street Gang, a wanted gang in El Salvador with connections to a murder. Hernandez is currently hospitalized, but his condition has not yet been disclosed.

This Week's Verdict
Is Mamdani's New York a Socialist Experiment?

One section unlocks each morning. Day 4 is live now.

Sources
Mamdani — The Record
Key Terms
Strait of Hormuz
A narrow waterway between Iran and Oman connecting the Persian Gulf to the Arabian Sea. Roughly 20% of the world's oil supply passes through it, which is why disruptions there quickly move global energy markets.
Netanyahu
Benjamin Netanyahu, Prime Minister of Israel. He leads Israel's wartime government and has argued that the Iran ceasefire does not apply to Israel's campaign against Hezbollah in Lebanon.
comptroller
A government's chief fiscal watchdog and financial officer. In New York City, the comptroller audits agencies, analyzes the budget, monitors pension funds, and evaluates the city's fiscal condition.