50-Year Legend: Here's the Day Stocks Likely Crash

Legendary quant analyst Marc Chaikin says in 50 years on Wall Street, one stock cycle indicator worked better than anything else. It's been studied by Schwab, T.Rowe, Goldman, and more. And now Chaikin is sounding the alarm because this cycle indicator is pointing to March 2026 for the next big crash.

Yemen's al-Qaida branch leader threatens Trump, Musk and others

JON GAMBRELL
June 07, 2025

DUBAI, United Arab Emirates (AP) -- The leader of al-Qaida's Yemen branch has threatened both U.S. President Donald Trump and billionaire Elon Musk over the Israel-Hamas war in the Gaza Strip in his first video message since taking over the group last year.

The half-hour video message by Saad bin Atef al-Awlaki, which spread online early Saturday via supporters of al-Qaida in the Arabian Peninsula, also included calls for lone-wolf militants to assassinate leaders in Egypt, Jordan and the Gulf Arab states over the war, which has decimated Gaza.

The video of al-Awlaki's speech showed images of Trump and Musk, as well as U.S. Vice President JD Vance, Secretary of State Marco Rubio and Secretary of State Pete Hegseth. It also included images of logos of Musk's businesses, including the electric carmaker Tesla.

"There are no red lines after what happened and is happening to our people in Gaza," al-Awlaki said. "Reciprocity is legitimate."

Yemen's al-Qaida branch long thought to be most dangerous

Though believed to be weakened in recent years due to infighting and suspected U.S. drone strikes killing its leaders, the group known by the acronym AQAP had been considered the most dangerous branch of al-Qaida still operating after the 2011 killing by U.S. Navy SEALs of founder Osama bin Laden, who masterminded the Sept. 11, 2001, attacks.

In 2022, a U.S. drone strike in Afghanistan killed bin Laden's successor, Ayman al-Zawahri, who also helped plot 9/11. The Sept. 11 attacks then began decades of war by the U.S. in Afghanistan and Iraq, and fomented the rise of the Islamic State group.

Al-Awlaki already has a $6 million U.S. bounty on his head, as Washington says al-Awlaki "has publicly called for attacks against the United States and its allies." He replaced AQAP leader Khalid al-Batarfi, whose death was announced by the group in 2024.

Israel-Hamas war a focus of the Houthis as well

AQAP seizing onto the Israel-Hamas war follows the efforts of Yemen's Houthi rebels to do the same. The Iranian-backed group has launched missile attacks on Israel and targeted commercial vessels moving through the Red Sea corridor, as well as American warships. The U.S. Navy has described their campaign against the Houthis as the most intense combat it has faced since World War II.

The Trump administration also launched its own intense campaign of strikes on the Houthis, which only ended before the president's recent trip to the Middle East.

The Houthis' international profile rose as the group remains mired in Yemen's long-stalemated war. Al-Awlaki may be betting on the same for his group, which U.N. experts have estimated has between 3,000 and 4,000 active fighters and passive members. The group raises money by robbing banks and money exchange shops, as well as smuggling weapons, counterfeiting currencies and ransom operations, according to the U.N.

The Shiite Zaydi Houthis have previously denied working with AQAP, a Sunni extremist group. However, AQAP targeting of the Houthis has dropped in recent years, while the militants keep attacking Saudi-led coalition forces who have battled the Houthis.

"As the Houthis gain popularity as leaders of the 'Arab and Muslim world's resistance' against Israel, al-Awlaki seeks to challenge their dominance by presenting himself as equally concerned about the situation in Gaza," said Mohammed al-Basha, a Yemen expert of the Basha Report risk advisory firm.

"For a national security and foreign policy community increasingly disengaged from Yemen, this video is a clear reminder: Yemen still matters."

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