Deal or no deal? Iran outlines draft terms; SpaceX hits Wall Street

Trump says the deal is done. This morning, Iran is talking about reopening this trade of Hormuz

but still is not ready to call the agreement final. Plus, after a bipartisan revolt over his

interim pick, President Trump moves quickly to install a new intelligence chief. And SpaceX gets

ready to blast off on Wall Street this morning. The biggest IPO in history could make Elon Musk

the world's first trillionaire. The stories that matter, clear and credible, from across the country to around the world

These are your unbiased updates from Straight Arrow. Good morning, I'm Craig DeGrelli

After threatening more strikes just hours earlier, President Trump is now saying a peace deal with Iran could be just days away

calling it a great settlement of the war with Iran. That's where we begin this morning

Trump claims Iran's Supreme Leader, Ayatollah Muttabah Khomeini, has agreed in principle to a framework for peace that would extend the ceasefire and reopen the

Strait of Hormuz. That's a sharp turn from Thursday morning when the president was warning

of new attacks, even floating the possibility of taking Karg Island, the hub for most of Iran's oil

exports. It's a very strong memorandum of understanding. That is a little conceptual

but it's something that's going to get done. And if it doesn't get done for any reason

which I can't imagine that not happening. They want to sign it as much as I do or more

I would say they want to sign it more, maybe a lot more, but it's a very detailed

memorandum of understanding also agreed to by many other countries that have great influence

over them and everybody wants it done. So it's going to get

Trump says Vice President J.D. Vance could travel to Europe within days for a signing ceremony

The proposed framework, a 14-point document, would reportedly extend the ceasefire for 60 days

reopen shipping through the Strait of Hormuz, and ease some sanctions on Iran while negotiations continue

Iranian state media has also published details of what it describes as a draft version of the memorandum

But this morning, Tehran is not confirming the deal is done. Iran's foreign ministry says no final agreement has been approved and accuses Washington of continuing to change its demands

That skepticism follows a week of escalation that saw U warships fire Tomahawk missiles at Iranian targets Iran respond with attacks around the Gulf and shipping through the Strait of Hormuz remain heavily disrupted

For now, questions remain about whether this is a breakthrough or just the latest step in a negotiation that has repeatedly appeared close before falling apart

After days of pushback from both parties, President Trump has a new pick to lead the nation's intelligence agencies

Trump announced Thursday he will nominate Jay Clayton, the current U.S. attorney in Manhattan and former SEC chairman, to serve as director of national intelligence

In a truth social post, the president called Clayton highly respected and urged the Senate to confirm him as quickly as possible

The move comes after bipartisan backlash over Trump's plan to install housing official Bill Paltty as acting DNI

Lawmakers from both parties questioned Pulte's qualifications, and the dispute helped derail efforts to extend Section 702

a key U.S. surveillance authority that is now set to expire tonight at midnight

The House rejected a short-term extension Thursday, leaving Congress with few options to prevent the program from lapsing

Trump says Pulte will still serve as acting DNI until Clayton is confirmed

He's only there for a little while. He's running it for a short while where we get a very talented president, Jay Clayton, in, as you know

The Clayton nomination was reportedly recommended by CIA Director John Ratcliffe. Federal investigators are trying to figure out who left a giant message in the grass on the National Mall

and whether it was meant as a political statement or something more

Take a look at this from ground level. It looks like a few patches of brown grass

But from high above the National Mall, the markings appear to form the numbers 86-47 near the World War II Memorial

The numbers are not easy to see. The eight is the clearest, while the four below it is much harder to make out

Somebody spotted the markings Thursday from the top of the Washington Monument

Shortly after the discovery, U.S. Park Police, National Guard members, and other federal officials responded to the area

Investigators collected grass samples and say they are still trying to determine

what caused the discoloration or who may be responsible A spokesperson for the Interior Department

called it vandalism and said any threat against the President will be taken seriously

The numbers have become politically charged in recent years Last year former FBI Director James Comey posted a photo of seashells arranged to spell 8647 Trump allies and federal prosecutors have argued the phrase can be interpreted as a threat toward President Trump

with 86 meaning get rid of the nation's 47th president. Comey removed the post and said he never intended it as a threat

He has pleaded not guilty to federal charges stemming from the case

The investigation comes as the National Mall prepares for a series of events tied to America's 250th anniversary celebration later this month

If you want to see more of the pictures, go to our website. To the upper Midwest now, the man accused of carrying out one of the most shocking acts of political violence in recent U.S. history has now admitted he did it

Vance Bolter pleaded guilty Thursday to federal charges in the murders of former Minnesota House Speaker Melissa Hortman and her husband Mark

and the shooting of State Senator John Hoffman and his wife. In court, Bolter acknowledged he spent months planning the attacks, researched his targets, and disguised himself as a police officer before showing up at their homes

Prosecutors say he shot and killed the Hortmans after gaining access to their home by claiming to be police conducting a welfare check

Bolter also admitted shooting Senator John Hoffman and his wife Yvette multiple times

Both survived. Their daughter locked the door after the attack, preventing further bloodshed

After the hearing, the Hoffman family said in part, there is no justice for Mark and Melissa Hortman

While the legal process may provide accountability, true healing requires something more from all of us

In exchange for the guilty plea, federal prosecutors agreed not to seek the death penalty

Bolter is expected to receive two consecutive life sentences, plus 40 years in prison

though he still faces separate murder charges in Minnesota State Court. This morning, Elon Musk's SpaceX is about to blast off into the Wall Street record books

SpaceX begins trading today on the Nasdaq in what is expected to be the largest initial public offering in history

The company is raising about $75 billion, with shares priced at $135 each and more than 555 million shares hitting the market

The offering is also a major test of investor appetite for Elon Musk

who has tied SpaceX's future not only to rockets and satellites, but also artificial intelligence

The deal would value SpaceX at nearly trillion and make Musk the world first trillionaire on paper He also will retain about 82 of the company voting power giving him firm control of its future direction

Wall Street is already paying close attention with Oppenheimer and New Street Research among the first firms to begin coverage of the stock

Finally this morning, the White House South Lawn is now transformed into a UFC fight venue

By Sunday night, the president's backyard will look a lot more like Las Vegas than Washington

A temporary UFC arena is set to host seven fights as part of the nation's 250th birthday celebration

The event also happens to fall on President Trump's 80th birthday. The setup includes a full-size octagon, giant video screens, lighting towers, big signs, and a massive overhead structure known as the CLAW

Organizers expect more than 4,000 people inside the arena, with tens of thousands more watching from the ellipse

Opponents have filed a lawsuit trying to delay or stop the event, arguing it needs additional review and permits

But the White House dismisses those claims as baseless. Court filings put the production costs at more than $60 million

White House officials say the UFC is paying for the show while the federal government is handling security, traffic control and emergency services

Pulling it off is a massive operation. Crews have been screening dozens of trucks a day

Hundreds of contractors are on site and security will include road closures, fencing, barricades and Secret Service screening, much like at the airports

Again, those fights are on Sunday night. All right, before we head out, here's what we're tracking today

A federal judge weighs whether to block that nearly $1.8 billion anti-weaponization fund

created for people who say they were targeted by the government. Later today in Orlando, the community marks 10 years since the Pulse nightclub shooting

with a remembrance ceremony honoring the 49 victims. Tonight at the Lincoln Memorial, UFC fighters gather for a news conference

ahead of this weekend's event at the White House. We're the fastest, fairest few minutes in news

Watch Unbiased Updates anytime at san.com or on the app. You can also stream us on Spotify

Hey, we appreciate you making us part of your morning routine. We really do. Thank you

Those are your Unbiased Updates for this Friday. We'll see you back here next week. For all of us here at Straight Arrow, I'm Craig DeGrowley

Have a fantastic Friday and a wonderful weekend