Tyler Kendall

Hey, Caroline.

Well, as you heard, the Secretary Pete Hegseth there is reiterating that the U.S.

has no plans to let up its military campaign in Iran and maintained that the U.S.

has enough weapons stockpiles to keep this going until the country's full objectives are achieved.

Secretary Hegseth did outline that the U.S.

and Israel now have what's being called uncontested control of Iran's airspace and that we should expect this mission to

to move into a second phase where we will see more strikes deeper inside the country.

We also heard from the chair of the Joint Chiefs of Staff Dan Cain that said the US and Israel have hit over 2,000 targets inside of Iran and confirmed that a US submarine sunk

an Iranian naval vessel for the first time in international waters since World War II.

Now there's a lot that we're paying attention to here, but it does not appear that diplomatic talks are a viable off-ramp at the moment, even as the New York Times reported this morning that Iranian operatives reached out to the CIA through a third-party country to talk about potential negotiations the day after the attack started.

However, Ed and Caroline, we heard from President Trump just yesterday

saying that the time has passed for talks as U.S.

officials make clear that they are accelerating, not decelerating, as the defense secretary said earlier today.

Well, Ed, we heard from the Treasury Secretary in an interview earlier today who said that we should expect the global baseline tariff currently at 10% to go up to 15% as soon as this week.

We also heard from the European Union, according to people familiar with the matter, telling Bloomberg News that that trading partner does not expect their rate.

to go up to 15 percent.

Now keep in mind President Trump put this new baseline tariff on the table after the Supreme Court struck down his tariffs imposed under IEPA, the International Emergency Economic Powers Act, and now he's using this different authority but that will run out after a hundred and fifty days without congressional approval.

But I was in the Oval Office yesterday when the USTR Jamison Greer announced that we should expect the administration to wrap up some other other trade pros that would put

tariffs in place in a more durable sense within the next five months.

That includes Section 301 investigations into alleged unfair trade practices.