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    Hamas accepts Gaza ceasefire proposal from Egypt and Qatar

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    CNN
     — 

    Hamas said it has accepted a ceasefire deal proposed by Egypt and Qatar which seeks to halt the seven-month war with Israel in Gaza.

    In a statement Monday, Hamas said the head of its political bureau, Ismail Haniyeh, told the Qatari prime minister and Egyptian intelligence minister that the militant group had accepted their proposal.

    The Israeli government is now reviewing the Hamas response, CNN has learned. The Israeli prime minister’s office has declined to comment at this stage.

    It’s unclear whether Hamas has agreed to the most recent ceasefire proposal, as outlined last week, or a revised version of it.

    The most recent framework, which Israel helped craft but has not fully agreed to, calls for the release of between 20 and 33 hostages over several weeks in exchange for a temporary ceasefire and the release of Palestinian prisoners.

    After the initial exchange, according to that framework, there would follow what sources describe as the “restoration of sustainable calm” during which the remaining hostages, captive Israeli soldiers and the bodies of hostages would be exchanged for more Palestinian prisoners.

    A diplomatic source familiar with the talks told CNN that after a day-long meeting in Doha, Qatar’s capital, between CIA Director Bill Burns and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, mediators had convinced Hamas to accept a three-part deal.

    “The bill is now firmly in (Israeli Prime Minister) Benjamin Netanyahu’s court,” the source said.

    The White House on Monday confirmed that there had “been a response from Hamas” to a proposed hostage deal in Israel, and that US President Joe Biden had been briefed on that response, but otherwise declined to weigh in specifically on what a deal could entail.

    Biden is “aware of where the situation and where the process is,” White House national security spokesman John Kirby told a press briefing. CIA Director Bill Burns remains in the region “working in real time on the ground,” Kirby added.

    “We still believe that reaching an agreement is the absolute best outcome not only for the hostages, but for the Palestinian people and we’re not going to stop working to that outcome,” he said.

    As news spread in Gaza of Hamas’ announcement, Palestinians began to celebrate in the street in Deir al-Balah, in the center of the Strip, and Gaza City in the north.

    AFP/Getty Images

    Palestinians in Rafah celebrate news that Hamas has accepted a ceasefire proposal, May 6, 2024.

    The news comes just hours after Israel ordered Palestinians living in Rafah, a city in southern Gaza, to “evacuate immediately.”

    The order raised fears that Israel’s long-threatened assault on the city could be imminent. More than 1 million Palestinians have fled to Rafah, where Hamas is believed to have regrouped after Israel’s destruction of much of the north of Gaza.

    A source familiar with Israeli plans told CNN that a limited incursion into Rafah was intended to keep pressure on Hamas to agree a deal that would bring about a ceasefire and a hostage release.

    Asked whether Hamas’ acceptance of a deal could change Israel’s plans for Rafah, Israel Defense Forces (IDF) spokesperson Daniel Hagari said the military would continue to operate in Gaza. He said operations are ongoing, but that the IDF is making every effort in the negotiations to bring the hostages home as “fast as possible.”

    Netanyahu has come under fierce pressure from the more extreme wing of his coalition not to accept the ceasefire proposal outlined last week, and to focus instead on destroying Hamas in Rafah.

    Orit Strook, Israel’s settlements minister and a member of the far-right Religious Zionism party, said last week that accepting the deal would “throw” Israel’s military progress “in the trash.”

    Itamar Ben Gvir, Israel’s national security minister, said Netanyahu had “promised that Israel would enter Rafah, assured that the war would not end, and pledged that there would be no reckless deal.”

    But large parts of the Israeli public have demanded Netanyahu accept a deal. Families and supporters of the hostages blocked the Ayalon Highway in Tel Aviv last week, holding a banner reading: “Rafah or the hostages – choose life.”

    Benny Gantz, a member of Israel’s war cabinet but seen as a rival and possible successor to Netanyahu, said the return of hostages was more urgent that entering Rafah.

    Responding to Monday’s announcement, the Hostages Families Forum said: “Now is the time for all that are involved, to fulfil their commitment and turn this opportunity into a deal for the return of all the hostages.”

    This is a developing story and will be updated.

    Alert: Do this before you install One UI 6.1 on your Galaxy device!

    Samsung took two months to bring One UI 6.1 to older devices after the latest version of One UI debuted on the Galaxy S24 series earlier this year. Once the rollout did begin, Samsung only included flagship phones and tablets launched in 2023 in the first phase.

    The second phase finally started a few days ago, with Samsung starting the rollout of the One UI 6.1 update to the Galaxy S21 series, the Galaxy S22 series, the Galaxy Z Fold 4, and Galaxy Z Flip 4 in South Korea on May 2. But despite all the time Samsung took to make One UI 6.1 work on older devices, things didn’t go as smoothly as expected.

    Galaxy S22, S22+, and S22 Ultra owners in Korea ran into issues accessing their phones after installing the update, forcing Samsung to pause the rollout. Some units are reportedly failing to boot or, if they do boot and get to the lockscreen, they are failing to unlock.

    Such issues are not uncommon with major software updates, and while users with Galaxy phones and tablets from 2023 who received One UI 6.1 didn’t have any problems, it appears others haven’t been so lucky. It may also be one of the reasons why Samsung hasn’t expanded the update’s availability for pre-2023 devices outside Korea many days after the initial release.

    Taking the aforementioned issues into account, there are a couple of steps everyone with a Galaxy phone or tablet eligible for One UI 6.1 should take before installing the update.

    First step before installing One UI 6.1: Make a data backup

    Making a data backup is a good idea before any major OS update, but even if that’s not something you do, you should make an exception when you install One UI 6.1. There are multiple ways to back up all your data, including making a temporary cloud backup using your Samsung account from your device’s Device care » Maintenance mode menu.

    You can find more information about making temporary cloud backups on your Samsung account at this link. For more backup methods, check out our preparation guide for One UI 6.0 here. That guide also has other recommendations that you may find useful, though the backup part is the most critical.

    Disable screen lock/bypass the lock screen

    It’s virtually impossible to find people who don’t lock their phone with a password, PIN, or fingerprint these days. But considering one of the issues after installing One UI 6.1 is being unable to unlock the device, you may want to disable the lock screen before going ahead with the update.

    You can change the screen lock type from the Settings » Security and privacy » Lock screen » Screen lock menu on your phone or tablet. Selecting the None screen lock type will disable the lock screen and make your phone boot straight to the home screen.

    Removing the screen lock will remove any registered fingerprints, pattern, and PIN you are using, but we think that’s a minor inconvenience that you should ignore. You can re-register and create those again once One UI 6.1 is installed and your phone has safely booted up.

    Highlights from the 2024 Met Gala exhibit: Sleeping Beauty would wake up for these gowns

    ▶ Follow AP’s live coverage of the 2024 Met Gala here.

    NEW YORK (AP) — Sure, she was a royal princess and all. But there’s no way Sleeping Beauty — either before or after her nap — ever had quite the fabulous wardrobe that’s been assembled at the Metropolitan Museum of Art.

    “Sleeping Beauties: Reawakening Fashion,” the spring Costume Institute exhibit that debuts at Monday’s Met Gala, is not technically about THAT Sleeping Beauty. The title’s nod to the fairytale is actually a reference to the glass coffins — “let’s be more upbeat and call them cases,” quips curator Andrew Bolton — that hold 16 aging garments now so fragile that they can’t be shown upright. These delicate creatures have been slumbering, like Aurora herself, in the museum’s climate-controlled archives.

    But these “beauties” are only a small fraction of the 220 items on display in the nature-themed “Sleeping Beauties,” which Bolton calls one of the institute’s most ambitious shows yet (his previous blockbusters include “Alexander McQueen: Savage Beauty” and “China: Through the Looking Glass”). It’s also special to Bolton because every item on display is from the museum’s own collection.

    Another key difference: This show will be a multisensory experience, involving not just sight but smell, sound and touch. Organized into themes of earth, air and water, the show makes use of a “smell artist” who extracted and analyzed molecules from clothing, creating scents visitors can now sniff from plastic tubes. Curators have also captured sounds of fabrics in an echo-free chamber, and used 3D scans to replicate embroidery patterns for touching.

    Despite the scale, “I really wanted to make this intimate and participatory,” Bolton said during a weekend tour through the show. In fact, there’s even a mannequin in a gown you can text a question to, and she’ll deliver a ChatGPT-enabled response.

    A few highlights:

    STRAIGHT FROM ‘THE GILDED AGE’

    A late 19th-century, satin-and-chiffon ballgown begins the show, its intricate embroidery of metallic threads, golden beads and sequins evoking sunbeams radiating from clouds. But the “cloud dress” by influential English designer Charles Frederick Worth is doomed, due to deterioration of the vertical threads — “there’s nothing we can do about it,” Bolton says. Except perhaps to recreate it digitally: On a screen nearby, an animated “Pepper’s ghost” illusion that took nine months to perfect shows the gown dancing at a ball. The gown was donated by relatives of Caroline Schermerhorn Astor, played on HBO’s “The Gilded Age” by Donna Murphy.

    THE SOUNDS OF ‘SCROOP’ (AND RAZOR CLAMS)

    A trio of gowns from the 18th, 19th and 20th centuries explores the look of “blurred blossoms” — the effect that makes a dress look like a watercolor or an Impressionist work. But in this gallery you also hear “scroop” — the sound of silk taffeta rustling (a combination of the words “scrape” and “whoop”). The sound was captured in an echo-free chamber at Binghamton University. In another gallery, you can hear the clattering of razor clam shells, captured the same way — accompanying McQueen’s dramatic “razor clam” dress, covered with dried and bleached shells.

    A DIOR TO ADORE

    Christian Dior was influenced by Impressionist painters, and nowhere is this more evident than in the delicate floral embroidery on the famous Miss Dior dress, here a miniature version of the original. It looks just like a chic (and strapless) bouquet of flowers, and if you’re dying to touch it, there’s a small, white replica in 3D printed plastic. You can also run your hands over wallpaper created to match the shape and form of the flowers in the edgy 2013 Raf Simons version of the dress in black, with flowers in leather.

    SPEAKING OF EMBROIDERY

    In 1988, Yves Saint Laurent paid homage to Van Gogh’s famous depiction of irises a hundred years earlier, with a glistening jacket celebrated for its embroidery. The museum lays it flat to give a closer view of a garment that took 600 hours of work by artisans who used 250 meters of ribbon, 200,000 beads and 250,000 paillettes (spangles) in 22 colors.

    SMELL THE ROSES

    In a show devoted to nature, it’s hardly surprising to find rooms devoted to roses. And you’re invited to smell them, via scents carried in plastic tubes — not simply the smell of roses, but the smell of garments themselves and those who wore them. Bolton explains that Norwegian “smell artist” Sissel Tolaas brought an apparatus that extracted molecules from 57 garments. Two evening dresses, one by Saint Laurent for Dior and one by Lanvin, yielded molecules found in things like almonds and honey, tobacco and hay, and even “a mild sex attractant for moths and cockroaches.”

    SCENT OF A WOMAN

    Yes, it was an Al Pacino movie — but here, it’s a gallery devoted to Millicent Rogers, a socialite, heiress and art collector known for her style and how she combined haute couture with regional dress. This gallery focuses on her scent, though, analyzing molecules from her garments — like a 1938 Schiaparelli evening dress in blue silk crepe — to discover her fragrances but also habits and lifestyle, “including what she ate, drank and smoked.”

    THIS COAT IS ALIVE! (BUT NOT FOR LONG)

    A prime draw in the “Garden Life” section is a grass coat in which the wool itself has been planted, like soil, with oat, rye and wheatgrass. Right now, the design by gala honorary chair Jonathan Anderson of the label Loewe (a sponsor of the show) looks beautiful and green. But it is dying, because this version cannot be watered, and will be replaced about a week from opening with a version in a different stage of life. Also here: a slew of floral hats from the Met’s copious collection. These, too, have been analyzed for smell — eliciting scents containing hairspray, unsurprisingly, but also chewing gum, cigarettes and other things.

    DON’T FEED THESE BIRDS!

    Bolton has said he wants to depict not just nature but shades of emotion — including fear. Which is just what you may feel when you get to the part on flying things: insects and beetle wings, for example. Also, birds. McQueen is said to have adored Alfred Hitchcock’s “The Birds,” and here we have his orange wool jacket printed with black swallows. The creepy part is the animation on the ceiling: first a few black birds, then more, then so many that the space turns an ominous black. The animation, created in consultation with wildlife experts, comprises “14,000 digital swallows,” ending with 4,000 simulated feathers. For sound, real swallow calls were recorded, and also the “humming” sound from the 1963 movie itself was captured to create tension.

    “Sleeping Beauties: Reawakening Fashion” will open to the public Friday and run through Sept. 2.

    ___

    For more coverage of the 2024 Met Gala, visit https://apnews.com/hub/met-gala.

    CE 100 Index Rises 0.7% as Earnings Drive Lifestyle Categories

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    The CE 100 Index gained 0.7%, buoyed by continued earnings reports that boosted the fortunes of the Shop and Live pillars.

    Shares of Koninklijke Philips N.V. (Philips) were 27.6% higher, as the Live segment of the CE 100 Index was 4.2% higher.

    The company said comparable sales were 2% higher year over year, to 4.1 billion Euros, driven by the Diagnosis & Treatment and Personal Health segments.  Diagnosis & Treatment comparable sales increased 3%. At the end of last month, the announcement came that Philips settled personal injury and medical monitoring claims in the U.S. for $1.1 billion.

    iRobot followed, also boosting the Live sector, with a 21.1% gain. As reported this week, The Chair of the House Oversight Committee, Republican Representative James Comer, has announced an investigation into the Federal Trade Commission’s (FTC) involvement with the European Commission regarding Amazon.com’s failed attempt to acquire iRobot Corp in a $1.4 billion deal.

    Comer expressed concerns that the FTC’s actions could harm America’s standing in the global personal robotics market while potentially benefiting foreign competitors, particularly those based in China.

    Live Pillar Surges on Pinterest Gains  

    Pinterest shares gathered 19%.  The company posted results that helped move the Shop pillar of the CE 100 Index 7.7% higher.  Revenue was up 23% year over year in the period, to $740 million.  Global Monthly Active Users increased 12% year over year to 518 million.  Average revenue per user was up 10% year over year to $1.46 in the most recent quarter.  The company expects second quarter revenue growth to be in the range of 18% to 20% year on year.

    But Fastly shares plunged nearly 34%, while the Enablers segment lost 1.1%.

    The company’s latest earnings notched total revenue of $133.5 million, representing 14% year-over-year growth. Network services revenue of $106.0 million, up 12% year-over-year.  Current quarter guidance came in below expectations, as the guided range of $130 million to $134 million fell short of consensus estimates of more than $140 million.

    Coursera shares gave up about 20%, leading the Work segment 1.9% lower.

    In PYMNTS’ exploration of earnings-related puts and takes in the EdTech sector, Coursera reported a 15% increase in total revenue compared to the previous year.

    However, despite this growth, lower-than-expected revenue forecasts for the second quarter sent shares lower.

    The Pay and Be Paid segment was active with earnings, as the pillar sank 1.9%

    As noted in our coverage this past week, Mastercard said in its most recent earnings report that worldwide gross dollar volume (GDV) increased by 10% year over year to $2.3 trillion. In the U.S., GDV increased by 6% to $712 billion with credit growth of 6% with credit growth of 12% and debit growth of 13%. Overall, cross-border volume increased 18% globally.

    CEO Michael Miebach said that in terms of macroeconomic trends, the picture remains “mixed.” Solid wage growth is supporting healthy consumer spending, and inflation has been moderating. But rate cuts in the U.S. have been delayed. Mastercard is “monitoring … consumer balance sheet health.”

    Mastercard shares were 3.9% lower through the week.

    Visa shares were 2.2% lower. As reported here, Reem Finance, a financial services provider in the United Arab Emirates (UAE), has partnered with Visa to expand its offering of digital payment solutions.

    Block shares slipped 6.7%.  During the company’s most recent earnings results, the company’s $200 million investment in bitcoin grew by around 160% and stood at $573 million at the quarter’s end.

    Square alone processed $50.5 billion in gross payment volume for the quarter, a 9% jump year over year.

    The Cash App Card reached 24 million monthly actives, up 16% YoY, while Cash App Pay continued to grow during the quarter, with volume up more than 40% QoQ.

    Tigers unveil City Connect uniform

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    Tigers unveil City Connect uniform

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    Welcome to the #MotorCity.

    — Detroit Tigers (@tigers) May 6, 2024

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    2:37 PM UTC

    DETROIT — The Tigers shied away from baseball’s trend of myriad alternate jerseys for years, sticking with their traditional home whites and road grays with the Olde English D. Fittingly, their jump into baseball’s City Connect series is both a tribute to Detroit’s rich history and a nod to the city’s promising future.

    The Tigers’ twist on the Motor City theme, unveiled Monday morning, is forward with form, progressive with a purpose, a break from their whites and grays but not a break from their heritage. From a mix of dark navy and electric blue colors to a shoulder patch that simultaneously salutes one of Detroit’s famous roads and the famed 313 area code, the jerseys — which spent over a year in design — make a statement on the Tigers’ home while still honoring traditions of one of the American League’s charter franchises.

    The Tigers will debut the new uniforms on Friday for the opening of a three-game weekend series against the Astros at Comerica Park. They’ll wear them again on Saturday.

    “The City Connect uniforms represent Detroit’s unique combination of muscle and innovation and pay homage to the city that put the world on wheels,” Ilitch Sports + Entertainment president/CEO Ryan Gustafson said in a release. “From the tire treads to the VIN tag to the M-1 patch on the sleeve, there are unique features on the uniforms, caps and batting helmets we feel Tigers fans and Detroiters will appreciate. Above all, the uniforms are symbolic of the revitalization and exciting future ahead for the Tigers and our great city.”

    Much like the Astros’ Space City jerseys released a couple years ago, the Tigers’ City Connects honor their hometown nickname on the front. The dark navy jerseys feature an electric blue — a brighter, more intense shade — treading across the front beneath the white Motor City lettering. A racing stripe adorns the bottom of both sleeves as well as down the side of the navy blue pants. The shoulder patch recreates the diamond-shaped M-1 road sign synonymous with Woodward Avenue, which passes just outside Comerica Park — the stadium address is 2100 Woodward Avenue — and runs from downtown Detroit north and west to Pontiac. Put the patch in a different light, however, and the 1 becomes the center digit in a 313 logo.

    While the navy blue cap and electric blue batting helmet both read DETROIT across the front, on the right side is a string of digits meant to read like a Vehicle Identification Number but signifying milestone seasons in the Tigers’ history: 1901 (the Tigers’ inaugural season in the American League), 35, 45, 68 and 84 (the club’s World Series title years). The VIN is also printed on the inside of the jersey collar.

    The traditional Tiger logo still shows up, even if its usual orange color does not. A bright blue set of Tiger eyes adorns the inside of the cap brim as well as the beltline on the right side of the jersey.

    The jersey’s debut Friday will mark just the first regular-season game in which the Tigers have worn blue jerseys since 1995, when they wore blue alternates for one game only. They actually had all-blue road jerseys in 1905-06, Ty Cobb’s first two seasons.

    The Tigers will celebrate the City Connect debut with a block party outside Comerica Park, featuring live music, local food trucks, mural artists, a kids zone, classic car show and merchandise outlets with City Connect gear. The block party runs from 4-7 p.m. ET on Friday, and from noon to 6:30 p.m. on Saturday.

    SpaceX Unveils New Spacesuits for Historic Private Astronaut Spacewalk

    0

    SpaceX is preparing to launch a private crew of astronauts on a five day journey through Earth orbit, and they will be the first to try on the company’s latest spacesuit design during a first-of-its-kind spacewalk.

    In an update shared on May 4, SpaceX revealed the design of its long-awaited extravehicular activity (EVA) suit. The new spacesuits will be worn by the Polaris Dawn crew during a series of private astronaut missions backed by billionaire Jared Isaacman. The first of the program’s three missions is scheduled to launch no earlier than this summer.

    The five-day mission will launch SpaceX’s Dragon spacecraft into an elliptical orbit around Earth, from where the private astronauts will collect data and conduct various research and experiments. One of the main highlights of the upcoming mission is the plan to perform the first ever commercial astronaut spacewalk, which will also be the first to occur from the Dragon spacecraft.

    Polaris Dawn astronauts showing off the new spacewalking spacesuits.
    Photo: Polaris Program

    Reports suggest that SpaceX may have struggled during the design process of the new EVA suits. Polaris Dawn was originally scheduled to launch in the fourth quarter of 2022, but has suffered numerous delays. The delays were likely due in large part to the design of the new spacesuits; sources told SpaceNews in February that SpaceX had significantly underestimated the amount of work needed to convert its pressurized suit design to an EVA suit.

    Earlier in January, SpaceX CEO Elon Musk said in a presentation, “We’ve got to redesign the suit so that you actually move around in it. It’s quite hard to still be mobile in an inflated suit.” The company may have finally figured it out.

    A view of the astronauts inside SpaceX’s Crew Dragon.

    A view of the astronauts inside SpaceX’s Crew Dragon.
    Photo: Polaris Program

    SpaceX’s new spacesuits are an evolutionary design of the company’s astronaut suits currently worn by the Dragon crews with added features to support the extravehicular activities. “Developed with mobility in mind, SpaceX teams incorporated new materials, fabrication processes, and novel joint designs to provide greater flexibility to astronauts in pressurized scenarios while retaining comfort for unpressurized scenarios,” SpaceX wrote.

    The EVA suit’s 3D-printed helmet now has a visor to reduce the glare from the Sun while astronauts are outside of the space station, as well as a new Heads-Up Display (HUD) and camera to provide information on the suit’s pressure, temperature, and relative humidity, according to SpaceX. The new suit design also has seals and pressure valves to help ensure it remains pressurized throughout the spacewalk.

    The new suits also have a scalable design that can be adjusted to different body types as part of SpaceX’s efforts to increase people’s accessibility to space. SpaceX also built the new suits with the Moon and Mars in mind, hoping to be able to use its new designs as part of the company’s greater vision (and SpaceX CEO’s obsession) of colonizing the Red Planet in the future.

    For more spaceflight in your life, follow us on X and bookmark Gizmodo’s dedicated Spaceflight page.

    Howard Schultz wants Starbucks to fix its American business

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    Graeme Sloan/Sipa USA/AP/File

    Howard Schultz, Starbucks’ former CEO, in a 2023 photo.


    New York
    CNN
     — 

    Former Starbucks CEO Howard Schultz might have left the coffee giant several months ago, but he’s still offering critiques of the company he ran for about 25 years over three stints.

    Following the release of Starbucks’ dismal earnings, Schultz wrote on his LinkedIn account that he was asked by “people inside and outside the company” about his thoughts that the chain’s US operations are the “primary reason for the company’s fall from grace” and encouraged executives to spend more time with its cafe employees.

    “The stores require a maniacal focus on the customer experience, through the eyes of a merchant. The answer does not lie in data, but in the stores,” Schultz wrote.

    He suggested that Starbucks “reinvent” the app’s mobile ordering and payment to “once again make it the uplifting experience it was designed to be.”

    He also perhaps took a slight dig at Starbucks’ current offerings — like its new lineup of spicy drinks — and said its strategy needs to be “elevated with coffee-forward innovation that inspires partners, and creates differentiation in the marketplace, reinforcing the company’s premium position.”

    Schultz stepped down from Starbucks’ board of directors last September as part of a phased transition of his exit that culminated in March 2023 when he left his position of CEO for the third time. He remains one of Starbucks’ largest shareholders.

    Laxman Narasimhan, Starbucks’ current CEO who Schultz helped pick, reported a “disappointing” quarter in its second-quarter earnings last week. The company experienced a decline in same-store sales for the first time since 2020 and slashed its full-year sales outlook.

    Same-store sales in the United States fell 3%, a sharp reversal from the same quarter a year ago, when they grew 12%. In China, the chain’s second-largest market, sales fell a staggering 11%.

    Shares of Starbucks (SBUX) are down more than 20% for the year.

    Narasimhan vowed to turn the business around by including an update to its app and mobile and payment offerings, improving service times and rolling out revamped menu items to lure customers back.

    Schultz, in his letter, admitted he “experienced some quarters of financial disappointment” during his tenure. He said “there must be contrition and renewed focus and discipline on the core” for any company that misses badly.

    “Starbucks will recover—of that, I am certain. Starbucks created an industry that did not exist,” he said. “The brand is incredibly resilient, but it’s clearly not business as usual.”

    Schultz did not mention the company’s ongoing negotiations with the Starbucks workers union or its case against the National Labor Relations Board in the Supreme Court.

    This is 2024’s new political normal six months from the election

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    CNN
     — 

    Donald Trump, the Republican presumptive nominee who just falsely accused his opponents of running a “Gestapo” administration, will be back in a New York courtroom on Monday at his criminal trial — the first of an ex-president in history.

    The White House, meanwhile, is trying to defuse the impact of campus protests over Israel’s assault on Gaza, as some Democrats warn images of unrest could boost Trump and fear the issue could buckle President Joe Biden’s coalition.

    This all comes as Republican House Speaker Mike Johnson faces a likely vote this week over his ouster in a fresh sign of GOP disarray fomented by Georgia Rep. Marjorie Taylor Greene. He will need Democrats to save him.

    It’s just another normal week in American politics as unpredictable forces rock both parties and augur a tense run to an election — now six months less one day away — that could fundamentally change the nation.

    Trump faces another week in the Manhattan courtroom where he is on trial over the alleged falsification of business records to cover up an affair with adult film actress Story Daniels. Prosecutors argue he attempted a cover-up to mislead voters in 2016 in an early act of election interference. Trump denies the affair and has pleaded not guilty — to this and to three other criminal indictments.

    Given the former president’s frequent attacks on witnesses, which last week cost him $9,000 over violations of gag orders, prosecutors are keeping witness lists under wraps. But in dramatic testimony last week, former White House communications director Hope Hicks took the stand under a prosecution subpoena. In potentially the most significant moment of the trial so far, a nervous Hicks, who shed tears at one point, appeared to implicate Trump in a way that played into the prosecution argument when she said that the ex-president admitted to her that he knew his then-fixer Michael Cohen had paid Daniels. She also said that Trump felt it was better to deal with the story after the election than beforehand. But Trump’s lawyer, Emil Bove, extracted a statement under cross-examination that could be useful to bolstering the core defense argument when Hicks said her boss was worried about the Daniels story because it could hurt or embarrass members of his family.

    Another critical twist of the trial will arrive with the expected testimony of Cohen, Trump’s former lawyer who served time in prison for tax fraud, making false statements to Congress and violating campaign finance laws.

    As the trial continues, Trump’s mood is becoming testy. He’s offering new glimpses of the extremism that could drive his second term and is already posing a fresh challenge to American democracy, following his departure from office in disgrace in 2021 after trying to steal the last election based on false claims of fraud.

    At a private luncheon at his Mar-a-Lago club on Saturday, he accused Democrats of “running a Gestapo administration,” according to three attendees, equating the Biden team with the Nazi Secret Police who rounded up and committed genocide against Jews in the Holocaust.

    Trump continually repeats his charge that his indictments are a result of a Democratic plot. But there is no evidence to support this. His comments about the Gestapo do not only betray historical ignorance but also underscore how there is no limit to the ex-president’s use of inflammatory rhetoric to try to win the election. Last week, in an interview with the Milwaukee Journal Sentinel, Trump refused to guarantee he’d accept the result of the next election. And in an interview with Time magazine published last week, he said violence was possible depending on the “fairness” of the election.

    James Singer, a spokesperson for the Biden campaign, said Trump’s remarks at the fundraiser proved the danger of a potential second term the ex-president has said would focus on retribution. “Trump is once again making despicable and insulting comments about the Holocaust, while in the same breath attacking law enforcement, celebrating political violence, and threatening our democracy,” Singer said.

    Democrats face another week dealing with the political consequences of campus protests over Israel’s war in Gaza.

    A wave of protests at campuses over the civilian carnage in the enclave has emerged as a severe test for Biden’s appeal among progressive and young voters whom he needs to help him to beat Trump in November.

    After days of building political pressure, the president addressed the situation for the first time on camera last Thursday, saying that the right to protest was a vital American freedom but that it was not acceptable when demonstrations turn violent. He condemned antisemitic incidents that have been reported against some Jewish students and he said he wasn’t rethinking his staunch support for Israel in the wake of the October 7 terror attacks — despite his frequently ignored calls on the government of Prime Minister Benjamin Netanyahu to do more to protect civilians in Gaza.

    Trump and Republicans have seized on the protests — and police operations to clear them at some schools — to underscore their narrative that the country is spinning out of control under Biden and that Trump could restore law and order.

    But speaking on CNN’s “State of the Union” Sunday, the Biden campaign’s national co-chair Mitch Landrieu pushed back on an analogy by Sen. Bernie Sanders, who likened the current protests to the anti-Vietnam war sentiment in 1968 that caused then-President Lyndon Johnson to abandon his reelection bid. Landrieu said the Independent senator from Vermont’s view was an “over exaggeration.” He added: “This is a very different circumstance. I think that people who actually lived through that very difficult time; they would say that this isn’t comparable. However, that is not to say that this is not a very serious matter.”

    Some Democrats have downplayed the impact of the protests, citing polling that suggests that the war in Gaza is well down the list of concerns for most young voters, notwithstanding the dramatic scenes at many colleges. But Democratic Sen. John Fetterman of Pennsylvania, a staunch supporter of Israel during the conflict, warned that pro-Palestinian demonstrators could help Trump in November. “Like if they want to throw Michigan to Trump that way — well, if you want to play with that fire … you better own that fire,” said Fetterman, referring to a swing state where Arab Americans form an important part of the Democratic electorate. He also warned against liberal voters deserting Biden because of his stance on the war. “If you are willing to walk away or to actually vote for someone else, you are going to throw your vote away and you are on the Trump train and you better watch out for the wreck,” he said.

    But another leading Democrat, California Rep. Ro Khanna, said on CBS’ “Face the Nation” that a lot of the protests across the country were seeing a constructive dialogue. “We have to understand that this is a defining moment for this generation, similar to anti-Vietnam protests, anti-apartheid protests, anti-Iraq War protests,” he said. “They’re telling us that over 30,000 people have died. It’s time for this war to end. It’s time for the hostages to be released that Hamas has, and they want to see leadership in America and around the world.”

    In another significant political drama looming this week, Johnson is expected to survive a vote called by Greene to oust him and throw the House GOP into yet more chaos. After Johnson pushed through Biden’s request for billions of dollars in funding for Ukraine last month, Democrats are likely to vote to save the speaker. But even if he survives, no Republican speaker wants to leave the impression that he is only in power because of the opposition party, and the Louisiana lawmaker’s long-term future remains cloudy.

    Many Republicans, even those cool on the rookie speaker, don’t want to see another governing farce unfold like the multi-vote ballot to choose Johnson’s predecessor, Kevin McCarthy, and the vote to oust — and then replace — the Californian last year.

    Right-wing extremists, taking advantage of the tiny GOP majority, have made the House all but ungovernable since the party took over after the 2022 midterm elections. But despite signs that Greene’s patron, Trump, has praised Johnson and is not enthusiastic about more chaos in the party that could complicate his and the GOP’s chances in the fall, she is vowing to push ahead after accusing Johnson of betraying Republican base voters.

    Asia markets live updates: RBA meeting, China trade

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    2 Hours Ago

    Indonesia’s first-quarter GDP grows at fastest pace in three quarters

    Indonesia’s first-quarter gross domestic product climbed 5.11% year on year, marking its fastest expansion in three quarters.

    The reading also beat the 5% growth expected by economists polled by Reuters.

    On a quarter-on-quarter basis, Southeast Asia’s largest economy posted a 0.83% decline, softer than the 0.89% expected by the Reuters poll.

    — Lim Hui Jie

    4 Hours Ago

    Foxconn shares spike almost 7% after April sales soar almost 20%

    Shares of iPhone manufacturer Foxconn spiked as much as 6.73% after the company reported a 19.03% year-on-year rise in April revenue.

    Foxconn, which trades as Hon Hai Precision Industry in Taiwan, recorded 510.9 billion New Taiwan dollars ($15.83 billion) in revenue in April, compared to the NT$447.54 billion recorded in March.

    The company said that its component business, as well as its cloud and networking products “delivered strong growth,” while its smart consumer electronics and computing products segment “showed significant year on year growth in revenue.”

    5 Hours Ago

    Yen to face resistance at 150 against the dollar: SMBC

    The Japanese yen will face upside resistance against the U.S. dollar at the 150 level despite two rounds of suspected intervention by Japanese authorities last week, says SMBC economist Ryota Abe.

    The yen abruptly strengthened on April 29 and May 2, leading analysts to believe that Japan’s finance ministry bought yen to stem the currency’s slide.

    Abe also noted that Japan’s authorities are unlikely to intervene unless the yen weakens again. But he also said that the rate differential between the U.S. and Japan will remain as such if both central banks keep their monetary policies unchanged.

    The yen was trading at 153.64 at 11:18 a.m. Tokyo time.

    5 Hours Ago

    Caixin China services PMI comes in at 52.5 in April

    A private survey showed the expansion in China’s services activity slowed slightly in April from March.

    The Caixin/S&P Global services purchasing managers’ index came in at 52.5 in April, ticking down from 52.7 in March.

    “Although slightly softer, growth was again solid and has now been sustained for 16 consecutive months,” the survey read.

    A PMI reading above 50 indicates an expansion in activity, while a reading below that level points to a contraction.

    — Shreyashi Sanyal

    6 Hours Ago

    Hong Kong’s private sector expands at slower pace in April

    Business activity in Hong Kong’s private sector expanded at a slower pace in April, according to S&P Global.

    The purchasing managers’ index for the city slipped to 50.6 from March’s 50.9.

    Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence, said the reading signaled another improvement in business conditions at the start of the second quarter.

    However, Pan said the growth appears to be on “shaky ground,” highlighting that forward-looking indicators, such as the decline in new business orders in April, hinted at softening conditions.

    — Lim Hui Jie

    7 Hours Ago

    CNBC Pro: Samsung or SK Hynix? One’s a better play on the AI boom, according to most of the pros

    Big Tech names like Nvidia have been on fire, thanks to the artificial intelligence boom — and other chipmakers are sharing the limelight.

    The supply chain for AI is extensive. It includes companies in Asia-Pacific and ranges from producers of AI graphics processing units to printed circuit boards.

    Memory chips in particular have been in the spotlight as AI ramps up.

    Two stocks have dominated the memory chip market: Samsung and SK Hynix.

    Which is the better play on the AI boom? CNBC Pro spoke to the pros to find out.

    CNBC Pro subscribers can read more here.

    — Weizhen Tan

    7 Hours Ago

    CNBC Pro: Goldman Sachs refreshed its conviction lists of global stocks — giving one 67% upside


    Goldman Sachs just refreshed its lists of top global stock picks, adding some and removing others.

    Called the “Conviction List – Directors’ Cut,” the lists capture names across Europe and Asia-Pacific.

    The investment banks’ “Conviction List – Directors’ Cut” seeks to offer investors a “curated and active” list of 15 to 25 buy-rated stocks.

    CNBC Pro subscribers can read more on the latest additions here.

    — Amala Balakrishner

    Fri, May 3 2024 2:57 PM EDT

    Defense ETF reaches new record high

    See Chart…

    The ETF’s history

    The fund has gained more than 4% compared with the start of 2024.

    — Alex Harring, Gina Francolla

    Fri, May 3 2024 8:34 AM EDT

    U.S. economy added fewer jobs than expected in April

    The nonfarm payrolls report for April showed 175,000 jobs added, below the 240,000 jobs expected by economists surveyed by Dow Jones.

    The unemployment rate ticked up to 3.9%, compared to 3.8% in the prior month, according to the Bureau of Labor Statistics.

    Revisions to February and March jobs numbers decreased the cumulative jobs added in those periods by 22,000.

    — Jesse Pound

    Fri, May 3 2024 2:35 AM EDT

    Japanese yen recovers 4.5% against U.S. dollar, set for best week in more than a year

    The Japanese yen was trading at 152.93 against the U.S. dollar and was set to end its best week in more than a year, despite hitting its weakest level since 1990 on Monday at 160.03.

    Analysts, including from Bank of America, have suggested there were likely two interventions carried out by Japanese authorities during the week, on Monday and Wednesday. The authorities are yet to make an official statement to confirm the interventions.

    “The government has been refusing to disclose whether they’ve been intervening or not, but I don’t think many people have any doubts,” Nicholas Smith, Japan strategist at CLSA, told CNBC.

    The yen has recovered some 4.5% since it hit a 34-year low on Monday.

    Candidates for Federal Office Can Raise Unlimited Funds for Ballot Measures

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    The Federal Election Commission quietly issued an advisory opinion last week allowing candidates to raise unlimited money for issue-advocacy groups working on ballot measures in elections in which those candidates are on the ballot.

    The opinion, issued in response to a request from a Nevada-based abortion rights group, could significantly alter the landscape in the fall in terms of the capacity that candidates aligned with these groups have to help them raise money.

    The decision applies to all federal candidates, but with a presidential election taking place in six months, the biggest attention will fall to that race. If Mr. Biden can solicit money for abortion-rights ballot measures, he can add to an already-existing fund-raising advantage that his team currently has over Mr. Trump.

    The decision could affect turnout in battleground states like Nevada where razor-thin margins will determine the election. In Arizona, an abortion rights group said it had the number of signatures required to put a referendum on the ballot. Florida — a state that has voted reliably for Republicans in recent presidential races — has a similar measure on the ballot.

    The advisory opinion means that both Mr. Biden and former President Donald J. Trump can raise money for outside groups pushing ballot measures. In the wake of the repeal of Roe v. Wade, the landmark 1973 U.S. Supreme Court decision, abortion ballot measures are expected to be a key focus for Democrats this fall.

    “I think it’s quite significant,” said Adav Noti, of the nonpartisan Campaign Legal Center, calling it an enormous change from prohibitions put in place by the landmark McCain-Feingold campaign finance bill in 2002.

    The opinion was issued on May 1, in response to a question from lawyers representing the group Nevadans for Reproductive Freedom, which hopes to put a referendum on the ballot in the fall. Several lawyers, including the veteran Democratic election-law lawyer Marc Elias, represent the group.

    The opinion found that federal candidates and officeholders can fund-raise for the group’s entities without being limited by dollar amounts or sources.

    In a recognition of how the parties might see the opinion, the National Republican Senatorial Committee took issue with a draft of the measure a day before it was formalized. The objections included that such coordination between a candidate and an outside group would translate to a get-out-the-vote effort for Democrats in the Nevada effort, but the N.R.S.C. concerns went unheeded.

    Of the six commissioners on the F.E.C., three Republicans and one Democrat agreed on the opinion.

    A spokesman for the Biden campaign and a spokesman for the Democratic National Committee declined to comment.

    The R.N.C.’s chief counsel, Charlie Spies, was pushed from his role after just two months amid a retreat for the committee’s donors in Palm Beach, Fla. A spokeswoman for the Trump team did not immediately respond to a question about whether Mr. Spies’s departure was at all connected to the advisory opinion.

    But Chris LaCivita, a top adviser to Mr. Trump who is now helping steer the R.N.C. as its chief of staff, described the development as an opening.

    “We will engage in all opportunities available, including new ones to defeat the corruption and failure of the Democrat machine,” Mr. LaCivita said.

    Mr. Noti said that the bloc of commissioners had rendered other opinions of significant impact recently, including the expansion of the capabilities of super PACs.

    “The combined effect of these decisions is having a really significant and demonstrable effect on how campaigns are run, and it’s all for the worse,” he said.