What Jenny Horne calls a "binary outcome" in Wednesday night's primetime address from President Trump resulted in further escalation against Iran. She walks investors through the president's pointed language which signals a longer-than-expected war. Futures plunged Thursday and crude oil hit $110, with levels poised to open at the highest levels since 2022. Turning to stock stories, Jenny highlights Tesla's (TSLA) 8.7% increase in China EV deliveries.