Four days of Greenland tariff threats end with a full 180 — markets soar, gold dips from $4,800. Plus: Asia's export woes as Japan and Korea wobble, China's fixed-asset investment plunges 3.8%, and Japan suspends the world's largest nuclear plant hours after restart. Supreme Court skeptical on Fed independence challenge.

Trades: long US defense (four days running), short French bonds, long AI infrastructure.

The One Number: 3,117 — Iran's tragic protest toll.