Morning Headlines

Russia fired 351 drones and 68 missiles at Ukraine overnight Monday, killing at least 22 people in Kyiv alone; all 29 ballistic missiles struck their targets as Ukraine's Patriot interceptor stockpiles run critically low. The attack underscores a widening vulnerability in Ukraine's air defenses more than four years into the full-scale invasion.

Leaders from all 32 NATO member states, including President Trump and Ukrainian President Zelenskyy, gathered in Ankara today for the alliance's 36th summit, with Secretary General Rutte centering the agenda on defense investment, industrial production, and continued support for Ukraine. Trump is expected to demand concrete follow-through on last year's pledges to raise defense budgets.

Hamas announced it is disbanding its decade-old governing administration in Gaza and transferring civilian affairs to a U.N.-backed technocratic committee based in Cairo — a key condition of the U.S.-brokered ceasefire — though the group stopped short of any commitment to disarm. Israel dismissed the move as a 'stunt,' and negotiations over the ceasefire's second phase remain deadlocked.

Super Typhoon Bavi made direct landfall on the island of Rota with 180 mph winds on Monday, inflicting what local officials described as 'major damages' across the Northern Mariana Islands and northern Guam — the third Category 5 storm of 2026. The storm is now tracking toward Japan's Ryukyu Islands and is forecast to make landfall in northern Taiwan.

The S&P 500 gained 0.72% to close at a record 7,537 and the Dow Jones rose to a record 53,055 on Monday, driven by broad strength in semiconductors and tech; the index has now returned 10.2% in the first half of 2026. The gains came despite a softer-than-expected June jobs report — 57,000 payrolls added versus a 113,000 forecast — which some investors read as reducing pressure on the Fed to raise rates.