Stocks Rally as Iran Tensions Ease; Legal Setback for Trump Ballroom - What You Need To Know - 4/17

[0:04] This is what you need to know now. [0:06] A new global warning that could soon disrupt flights [0:09] across Europe and beyond [0:10] as a possible jet fuel crisis emerges. [0:13] A fragile truce in Lebanon holding for now, [0:15] but with big questions about whether it can last. [0:18] Plus, the family of a missing Michigan woman [0:20] arrives in the Bahamas, [0:21] joining a search now shrouded in new questions. [0:24] A sign of the times, QVC filing for bankruptcy. [0:27] Can it survive in this online era? [0:30] And the mayor of a major American city [0:31] reveals a side of his past, [0:33] including his days as a rapper. [0:35] It's in the morning, I roll like a dice. [0:37] We have much more of what you need to know now. [0:40] I'm Rachel Scott from ABC News. [0:42] It is Friday, April 17th. [0:44] This is what you need to know. [0:45] We'll show you the dramatic moment [0:47] a metal pole crashes through a bus [0:49] and a win for President Trump's plan [0:50] to build an arch here in Washington. [0:53] But first, the big story. [0:54] President Trump and Iran's foreign minister [0:56] both say the Strait of Hormuz [0:58] is now fully open to commercial shipping, [1:00] easing tensions over one of the world's [1:02] most critical oil passageways. [1:04] Oil prices fell sharply, down about 10% on the news, [1:08] but the ongoing war is now fueling fears [1:10] of a global energy shock, [1:11] including a looming jet fuel shortage [1:13] that could drive up airfares and cut flight schedules. [1:17] The International Air Transport Association warns Europe [1:19] could see flight cancellations by late May [1:22] if supply pressure continues. [1:23] Elizabeth Schulze is at Reagan National Airport with more. [1:26] Hey Rachel, major international airlines [1:28] are canceling flights as they face surging jet fuel costs, [1:32] and the risk of fuel shortages. [1:34] The head of the International Energy Agency [1:36] is warning that European airlines could run out of jet fuel [1:39] within six weeks, saying this is the largest energy crisis [1:43] we have ever faced. [1:44] Jet fuel has roughly doubled since the start of the Iran war, [1:48] spiking even higher than oil and gas. [1:50] A lot of refineries in the Persian Gulf produce jet fuel, [1:53] and that supply has been cut off. [1:55] So far, this mostly affects flights in Europe and Asia. [1:58] Airlines like KLM in the Netherlands and Lufthansa in Germany [2:02] are canceling flights and grounding some planes. [2:04] Officials say that European airports [2:07] could see a lot more flight cancellations next month. [2:09] While all the major U.S. airlines [2:11] have hiked baggage fees and airfares, [2:13] just as we are heading into the busy summer travel season, [2:17] I am told that the energy secretary spoke [2:19] with top American oil executives [2:21] about boosting their output to try to lower prices, [2:24] but the U.S. is already exporting record amounts of oil. [2:26] These prices are ultimately determined in the global market. [2:30] President Trump is expressing optimism [2:32] that the war could soon be over. [2:34] In Las Vegas last night, [2:35] the president said the war against Iran is going swimming lane. [2:38] He says new peace talks could begin as soon as this weekend. [2:42] And a 10-day truce in Lebanon appears to be holding for now, [2:46] raising hopes for a broader deal to ease weeks of fighting. [2:49] But on the ground, tensions remain [2:51] with displaced civilians returning home, [2:53] despite warnings and big questions [2:54] about whether this all can last. [2:56] Ian Pannell is in Tel Aviv. [2:58] Despite warnings by the Israeli military [3:00] not to return to their homes in the south of the country, [3:03] tens of thousands are doing just that, [3:05] waving flags, honking horns, [3:07] as bulldozers try to reopen bombed out bridges [3:10] to let people pass. [3:11] The ceasefire in Lebanon, of course, [3:13] was a key Iranian demand in talks with the U.S. [3:15] and would be part of a larger deal. [3:17] But turning it into a lasting peace is going to be difficult. [3:20] We have been here before. [3:22] Hezbollah is highly unlikely to disarm, [3:25] and Israeli forces look set to remain in the south of the country. [3:28] President Trump is railing against the federal judge, [3:31] who has now halted construction of his White House ballroom. [3:34] The judge is allowing security work to continue below ground. [3:38] But he says construction on the ballroom itself [3:40] cannot proceed without approval from Congress first. [3:43] The White House had argued the project is critical to national security, [3:46] President Trump criticizing the judge as political. [3:49] But the president did get some good news about his plan [3:52] to build an arch near the Lincoln Memorial. [3:54] An arts commission is allowing plans to move forward on that project. [3:58] A U.S. immigration agent is now facing assault charges [4:01] accused of pointing his gun at two people [4:03] while driving on a highway in Minnesota. [4:06] Local prosecutors issued an arrest warrant [4:08] for ICE agent Gregory Morgan Jr., [4:10] who allegedly claimed he feared for his life [4:12] after a driver cut him off. [4:13] It happened in February after the shooting deaths [4:16] of Renee Good and Alex Preddy. [4:17] ABC News has yet to get a response from ICE [4:20] or Homeland Security on these new charges. [4:23] Meanwhile, in a separate development, [4:25] the acting director of ICE, Todd Lyons, is stepping down. [4:28] After helping to lead the immigration crackdown, [4:30] Lyons reportedly said he wants to spend more time with his family. [4:34] Now to the mystery in the Bahamas. [4:36] The family of the missing Michigan woman, Lynette Hooker, [4:39] has joined the search. [4:40] Nearly two weeks after she disappeared, [4:43] her daughter and her boyfriend say they were surprised [4:45] to learn that husband Brian Hooker left the islands [4:48] just days after being released from police custody. [4:50] They questioned that decision after he previously said [4:53] that he would stay until his wife was found. [4:55] According to his attorney and family, [4:57] Hooker left the Bahamas to care for his mother in Sacramento. [5:00] We were also wondering and asking why Brian left [5:05] after he said, hey, I'm gonna stay here until I find my wife. [5:08] We're not gonna say that he doesn't deserve [5:10] to see his mother before she dies. [5:12] But we're just saying, Carly didn't get that option. [5:15] Carly didn't get the option to see her mother before she died. [5:18] Brian Hooker has denied any wrongdoing [5:20] and no charges have been filed. [5:22] Let's get into what to watch. [5:23] A Las Vegas showgirl disappears without a trace, [5:26] just as her career is about to take off. [5:28] An all new 2020 dives into the shocking disappearance. [5:31] Watch Death of a Showgirl streaming on Disney Plus. [5:35] Over in sports, the NFL is gearing up for draft night on ESPN next week. [5:39] Michelle Smallman has a preview. [5:40] Thanks, Rachel. [5:41] As always, a ton going on in the sports world, [5:43] but the headliner is the NFL draft. [5:45] We are less than a week away, and there are so many storylines [5:48] that we're paying attention to. [5:50] Everyone knows that Fernando Mendoza will be the number one overall pick [5:53] by the Las Vegas Raiders. [5:54] But for me, the two players I'm paying close attention to [5:57] are Notre Dame running back Jeremiah Love, [5:59] and where he ends up, possibly in Tennessee with Cam Ward, [6:02] and, of course, Alabama quarterback Ty Simpson. [6:05] He's expected to be the second quarterback drafted, [6:07] but no one really knows exactly where he's going to land [6:10] and how long he'll be sitting in the green room on draft night. [6:13] Coverage of the 2026 NFL Draft gets going Thursday, 8 p.m. Eastern, [6:17] on ABC, ESPN, and the ESPN app, as well as ESPN Radio. [6:21] And we have much more of what you need to know. [6:34] Here's your Daily Briefing. [6:35] Other big stories we are following on ABC News. [6:37] A major development in the NBA gambling scandal. [6:40] Court documents say former player and coach Damon Jones, [6:43] who spent more than a decade in the league, [6:45] will change his plea to guilty. [6:47] He's accused of selling inside information [6:50] about injured players to gamblers [6:52] and playing in poker games organized by the mafia. [6:54] No comment yet from his lawyer. [6:56] A Democrat has won the special congressional election in New Jersey, [7:01] which will near the already thin Republican majority in the House. [7:04] And Alila Mejia, a progressive organizer, won the seat after vowing [7:08] that she'll stand up to President Trump. [7:10] And a frightening crash at Atlanta's airport. [7:12] A bus driving into that pole, which came crashing through the windshield. [7:16] Thankfully, no one was injured. [7:18] The driver said that he could not see the vehicle height warning. [7:21] And new today, the parent company of TV shopping channels, QVC and HSN, [7:27] is filing for Chapter 11 bankruptcy. [7:29] Analysts say the channels have struggled to keep up with the times, [7:32] as shopping trends have evolved, particularly online. [7:35] QVC says there are no plans for layoffs. [7:38] It is aiming to emerge from bankruptcy in the next three months. [7:41] And finally, before you go, the mayor of America's biggest city [7:45] is showing a side hustle on paper. [7:47] New York City Mayor Zoran Mamdani released his tax filing, [7:50] showing about $1,600 in royalties from his past life as a rapper. [7:55] About a decade ago, the 34-year-old rapped under the name Young Cardamom. [7:59] One spice, eat in the morning, and roll like a dice. [8:02] Mama told me this once, and I'm telling you twice. [8:05] I'm not about mochi, but now I've been so white. [8:07] Mamdani's filings show most of his money [8:09] comes from his government's salary. [8:11] All right, and that's what you need to know. [8:13] For breaking news and live updates throughout the day, [8:15] check out ABC News, streaming on Disney+. [8:17] New episodes streaming every day on Disney+.