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      Can Bidenomics Revive Biden’s 2024 Presidential Bid?

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      The president plans to extol his economic achievements in a big campaign-style speech. But inflation and recession fears could overshadow the message.President Biden heads to Chicago tomorrow to hail his economic record.John Minchillo/Associated PressBidenomics gets a reboot President Biden plans to double down on his economic record in a big campaign-style speech on Wednesday. He will hail the country’s record job growth, along with the administration’s signature policy wins aimed at expanding manufacturing, reinvesting in aging infrastructure and reorienting the economy for a clean-energy future.Yet despite the good news, Mr. Biden hasn’t seen a big jump in his popularity, and he trails his Republican rivals, according to some polls. High inflation and recession fears are dragging down his approval ratings, and the Biden administration is rethinking its messaging to try to convince Americans they should vote for him next November.“Bidenomics” will be at the heart of the president’s message. In a memo shared with journalists this week, two top Biden advisers, Anita Dunn and Mike Donilon, use the term repeatedly to frame the president’s accomplishments. They credit Bidenomics with helping the country bounce back from the pandemic “more quickly than most experts thought possible.” But as The Times’ Michael D. Shear reports, voters appear skeptical.What is Bidenomics? The president himself joked that the messaging is a work in progress. “I don’t know what the hell that is,” he told a rally this month. “But it’s working.” The Donilon-Dunn memo tries to give the messaging around Bidenomics a reboot. They point to how, for example, the CHIPS Act, the Inflation Reduction Act and the infrastructure law are creating jobs in the high-tech, manufacturing and green sectors.The numbers behind Bidenomics look impressive. Employers have added 13 million jobs during his presidency. And the unemployment rates of Black and Hispanic Americans are at or near a historic low. The White House also averted a potentially disastrous debt-default standoff with the Republican-controlled House, a victory that largely registered as a nonevent with voters.Those successes aren’t translating into an uptick in support. According to a Pew Research Center survey, Biden’s approval ratings fell to the lowest level of his presidency this month.Mr. Biden’s reboot will compete with a contrasting message from the Fed. Hours before the president steps to the microphone in Chicago, the Fed chair Jay Powell will engage with other central bankers in a panel discussion in Portugal on a topic that’s been weighing on the markets: how further interest rate increases are probably needed to bring down stubbornly high inflation.At the same gathering in Portugal yesterday, Gita Gopinath, the International Monetary Fund’s deputy managing director, warned central banks not to ease up in their inflation fight. “Monetary policy should continue to tighten and then remain in restrictive territory until core inflation is on a clear downward path,” she said.For now, the boosterism of Bidenomics may get overshadowed a by a hawkish Fed.HERE’S WHAT’S HAPPENING Goldman Sachs plans to add an ally of David Solomon to the board. Tom Montag, who led trading at the firm before joining Bank of America as a senior executive, is set to return as a director. DealBook hears that the move is seen by some internally as a message from the board that Mr. Solomon, Goldman’s embattled C.E.O., isn’t going anywhere soon.KPMG plans to lay off 5 percent of its U.S. employees. The accounting giant, which had 39,000 workers in the United States last year, cited “economic headwinds” in announcing the move. It’s the latest sign of how a slowing economy is battering a wider array of businesses, including white-collar industries.Janet Yellen reportedly plans to travel to China next month. The Treasury secretary is arranging a meeting with her new Chinese counterpart, according to Bloomberg, in another effort to lower tensions between Washington and Beijing. But China’s premier, Li Qiang, chastised Western countries today for trying to limit ties to Chinese businesses.Could Saudi money disrupt tennis’s pay-equity goals?The WTA, the women’s pro tennis tour, will commit on Tuesday to bringing prize money for its tournaments in line with that of men’s competitions, in what’s meant to be a major step toward pay equity in the sport.But the question looms: How will Saudi Arabia greet the effort? The kingdom has poured billions into pro sports as part of a global campaign to expand its soft power, and is keen to bring its deep pockets to the ATP men’s tour, potentially aggravating the sport’s already sizable pay divide.The WTA’s effort is set to ramp up over the course of a decade, to allow the tour to raise the revenue necessary to bring its payouts in line with those of men’s competitions. (While men and women receive equal prize money for Grand Slam tournaments, the campaign is focused on the two tiers of competitions below that.)Saudi Arabia’s plans for tennis complicate the matter. As the kingdom has dug into sports like soccer and golf, its playbook has involved flooding competitions with cash to attract top-flight players. It may now do so for tennis, where it already hosts a lucrative men’s exhibition event, is bidding to host the ATP Next Gen Finals and has plans to launch a similar women’s event.But the WTA hasn’t committed to that plan — or to holding any competitions in Saudi Arabia, which only recently gave women the right to drive, and which faces criticism over its human rights record. The WTA has taken stances on human rights before, notably by suspending operations in China for 18 months over the country’s treatment of the former player Peng Shuai.Things could change, given that the WTA has held talks with Saudi officials. But it’s unclear how the kingdom’s plans for tennis will affect the effort by the women’s tour to more tightly integrate with the ATP.In other Saudi sports news, a five-page pact between the PGA Tour and Saudi-sponsored LIV Golf shows the two sides have agreed on ending their litigation — but it lacks details of their planned alliance.A new shield for pregnant workersA new federal law will go into effect on Tuesday that provides protections for pregnant workers. More than a decade in the making and passed in December with bipartisan support, the Pregnant Workers Fairness Act is meant to help close loopholes in existing rules that left millions of women subject to discrimination, The Times’s Alisha Gupta writes for DealBook.What the act requires: Companies with more than 15 employees, including hourly workers, must provide “reasonable accommodations” for pregnancy, childbirth and related medical events like fertility treatments, abortion and pregnancy loss.Left intentionally undefined, reasonable accommodations can include a stool to sit on during long shifts, a flexible schedule to accommodate morning sickness or time off to recover from childbirth complications. But companies aren’t expected to suffer “undue hardship” in their business.It’s an effort to stop pregnancy discrimination. Advocates say that the Pregnancy Discrimination Act of 1978 was riddled with ambiguity. That has had disastrous consequences for many women:Twenty-three percent of mothers have considered leaving their jobs because of a lack of accommodations or fear of discrimination, according to a poll last year by the Bipartisan Policy Center.At least a third of the more than 2,000 pregnancy discrimination complaints that the Equal Employment Opportunity Commission received last year were about companies that failed to accommodate pregnant workers.The law signals growing recognition of pregnancy discrimination’s economic toll. The Fairness Act helps ensure that women no longer have to choose between “maintaining a healthy pregnancy or a safe recovery from childbirth and a paycheck,” said Dina Bakst, the co-president of the advocacy group A Better Balance, which helped Congress draft the new law.$377 million — The medical costs associated with pickleball injuries in the United States this year, according to a new research report by UBS analysts.Remembering Jim CrownJames Crown, the billionaire financier who was a longtime board member of JPMorgan Chase and General Dynamics, died on Sunday, The Times’s Emily Flitter writes for DealBook. He was 70.The scion of a Chicago industrialist family, Mr. Crown became a major figure in business, philanthropy and political giving. He died on his birthday in Aspen, Colo., when a vehicle he was driving crashed into a barrier on a racetrack, according to the Pitkin County coroner’s office.Mr. Crown was C.E.O. of Henry Crown and Company, which managed the fortune built up by his grandfather Henry by investing in an array of real estate and corporate investments. He joined the firm after working for Salomon Brothers.Mr. Crown was also a prominent corporate director. He had served on the board of what became JPMorgan Chase since 1991: His family had owned a major stake in Chicago’s Bank One, where he was a director and helped recruit Jamie Dimon as C.E.O. In 2004, Bank One merged with J.P. Morgan.“He has been a trusted adviser to me for nearly 20 years, playing a key role in helping our company navigate numerous business and economic challenges,” Mr. Dimon wrote to employees on Monday.Mr. Crown was also the lead director of General Dynamics, the aerospace giant that bought his grandfather’s Material Service Corporation in 1959.He also played a role beyond corporate America. Mr. Crown split his time between Chicago and Aspen, where he once served as chair of the Aspen Institute, which is holding its annual Ideas Festival now. As managing director of the Aspen Skiing Company, he played a big role in the American skiing industry.Mr. Crown was also a major Democratic donor, and he attended last week’s state dinner for Prime Minister Narendra Modi of India. “Jim represented America at its best — industrious, big-hearted and always looking out for each other,” President Biden said in a statement.THE SPEED READ DealsLordstown Motors, the embattled electric truck maker, filed for bankruptcy protection and sued the electronics giant Foxconn over its failure to invest in the company. (Reuters)Group Black, a Black-owned media investment firm, is reportedly in talks to buy control of the publisher of Sports Illustrated. (WSJ)Despite companies’ concerns about universal proxy, which makes it easier for investors to vote for board candidates from different slates, the policy had a muted impact in proxy fights this year. (Kirkland & Ellis)PolicyPresident Biden announced a $42 billion initiative to expand access to high-speed internet to all American households by 2030. (CNBC)Federal efforts to help develop next-generation vaccines are running into bureaucratic hurdles that may hamper efforts to fight future pandemics. (NYT)The wife of Justice Samuel Alito leased a 160-acre plot of land in Oklahoma to an oil company, as the Supreme Court justice weighed in on cases involving the E.P.A. (The Intercept)Best of the restHow the North Sea, long one of Europe’s biggest hubs for oil and gas production, may pivot to wind power. (NYT)“Will Taylor Swift’s ‘Eras Tour’ Become the First $1 Billion Tour?” (WSJ)Richard Ravitch, the developer and public servant who helped rescue New York City from financial collapse in the 1970s, died on Sunday. He was 89. (NYT)The New York Mets may have the biggest payroll in the major leagues and a deep-pocketed owner in Steve Cohen — but that hasn’t translated into success on the field. (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

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      The Politics of Class

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      We’re covering the class inversion in American politics, severe weather in Texas and the Indian prime minister’s visit to the U.S.The class inversion in American politics — Republicans’ struggles with college graduates and Democrats’ struggles with the working class — is a running theme of this newsletter. To help make sense of it, I asked four Times Opinion writers to join me in an exchange this morning. They are Michelle Cottle, Carlos Lozada, Lydia Polgreen and Ross Douthat, and they’re also the hosts of a new podcast, “Matter of Opinion.”David: Democrats are nearly shut out of statewide office in almost 20 states, largely because of their weakness with working-class voters. And in the past five years, the party has lost ground with working-class voters of color. How can Democrats do better?Michelle: There are concrete issues on which some Democrats stumbled too far to the left, crime being notable. But I don’t think the main problem is with the party’s policies so much as its overall vibe. Dems need to relearn how to talk to working-class voters — to sound less condescending and scoldy. Too many Democrats radiate an aura of, If only voters understood what was good for them, they would back us.Carlos: Dispensing political strategy is not my comfort zone, so all I’ll say is that it seems a bit shortsighted when politicians talk to Latino voters as if the only thing they care about is immigration and the border, or when they address Black voters as if all that animates them is policing reform or racial discrimination. Don’t try to woo large and varied voting groups with narrow appeals. It’s pandering, it’s obvious and it’s dismissive.Lydia: As Michelle hinted at, the Democrats have become the party of officious technocracy, which makes so many things they propose sound, well, ridiculous. A classic for me was Kamala Harris’s student loan forgiveness plan from the 2020 race: You had to be a Pell Grant recipient, start a business in a disadvantaged community and keep that business going for three years. That’s no “Make America Great Again.” They should talk about big, bold and simple ways you will improve people’s lives.Michelle: “Officious technocracy” is my new favorite term, Lydia! I’m officially — and officiously — appropriating it.Carlos: The irony of the Democrats’ officious technocracy is that, in some cases, it misrepresented how science works. Admonishing people to “follow the science” on Covid can be counterproductive when recommendations should change as new data comes in. Science is a method of inquiry, not a set of off-the-shelf solutions.Ross: Talking about working people’s material interests in language that doesn’t sound like it was lifted from a glossary of progressive-activist terminology is the right path for Democrats. Right now, though, I think they have a lot to gain by treating the Covidian and George Floyd-era breakdown in public order as their major political problem — treating homicide rates, drug abuse, school discipline and border security as key issues where they need to separate themselves from their own activist class, which has a tendency to act like living with disorder is an essential part of left-wing tolerance.Remember Kamala Harris the prosecuting attorney, once disdained by the left? The Democrats could use a leader like that.Brian Kemp, Georgia’s governor.Audra Melton for The New York TimesCraziness and chaosDavid: What about the other side of the class inversion? Republicans used to win white-collar professionals. Not anymore.Ross: The G.O.P. has multiplied the reasons for college graduates to turn against them: The craziness and chaos of the Trumpist style cost them with one group; the fact that they can now legislate against abortion costs them with another.I think you can see in the success of Brian Kemp in Georgia a model for how they can advance pro-life legislation without suffering dramatic losses. But the Kemp model requires a rigorous reasonability, a studied outreach to suburbanites, a moderate and competent affect, none of which a Trump 2024 candidacy is likely to offer, and the effort to defeat Donald Trump may push Ron DeSantis from the Kempian sweet spot as well.Lydia: I think it’s brave to take a principled stand on a defining moral question like abortion, electoral consequences be damned! Just ask the Democrats what embracing civil rights cost them. Maybe there is something for the G.O.P. to learn from Bill Clinton, who was able to triangulate his way into the Oval Office by undercutting the critiques of liberal overreach.Michelle: It goes beyond the Trumpian crazy. Republicans have, for a while now, been spinning up their voters by painting every issue as an existential crisis such that compromise, triangulation and moderation are anathema. College-grad-moderate-swing-voter-suburban types find it unsettling.Carlos: Maybe the thing to remember is that “rigorous reasonability,” as Ross calls for, is relative, and the G.O.P. could benefit from the soft bigotry of low expectations. It might not take all that much for college grads turned off by Trumpism but still wary of the activist left to consider a Republican who combines populist policy impulses with a more sober governing style. In his book, DeSantis brags that his administration in Florida was “substantively consequential.”Michelle: I like your optimism, Carlos. But I’d venture that DeSantis’s nerdier approach is a key reason he’s getting his booty stomped in polls by the MAGA king. Not juicy enough and way too wonky/jargony at times.Listen to the latest episode of “Matter of Opinion” — about America’s place in the world and the significance of this week’s visit to the U.S. by Narendra Modi, India’s prime minister.THE LATEST NEWSPoliticsRepresentative Adam Schiff, right.Haiyun Jiang for The New York TimesThe Republican-led House voted to censure Representative Adam Schiff, a Democrat, for his role leading investigations into Trump.Justice Samuel Alito took a vacation with a billionaire who frequently has cases before the Supreme Court, ProPublica reported. Alito sought to rebut the report ahead of time with a Wall Street Journal op-ed.A federal judge sentenced a rioter who assaulted an officer on Jan. 6 to more than 12 years in prison.Modi’s U.S. VisitPresident Biden is welcoming Narendra Modi, India’s prime minister, today, hoping to woo the country at a time of conflict with Russia and rising tension with China.By staying neutral in the war in Ukraine, India has profited: It has emerged as a primary buyer of Russia’s crude oil, which it refines and exports.Severe WeatherA storm barreled through a Texas town with about 600 residents, killing at least three people.Extreme heat is stalled over Oklahoma and Texas and could linger until the Fourth of July, straining the power grid.Other Big StoriesA superyacht helped rescue 100 migrants thrown overboard in a deadly wreck in the Mediterranean, reflecting a new inequality of the seas.The search for the missing submersible continues in the North Atlantic. The vessel’s oxygen could run out today.Math and reading scores for 13-year-olds in the U.S. hit their lowest levels in decades.The U.S. approved the production and sale of laboratory-grown chicken meat.A Florida county is trying to contain an invasive species of giant snail that can grow as big as a fist.OpinionsAs Modi visits the U.S., President Biden should promote shared democratic values with an increasingly autocratic ally, The Times’s editorial board writes.Here are columns by Tressie McMillan Cottom on a Black rodeo in Portland, Ore., and Zeynep Tufekci on the lab-leak theory.MORNING READSThe New York headquarters of Salesforce.Jeenah Moon for The New York TimesReturn to office: Bosses have reached the desperation phase.Beauty: The salon where a corporation tries to understand Black women’s hair.The Ethicist: “My wife lives in a nursing home. Can I take a lover?”Lives Lived: Haim Roet survived the Holocaust by hiding in a Dutch village. At a protest in 1989, he read out the names of people murdered by the Nazis, starting a practice that has become a part of memorial ceremonies around the world. He died at 90.SPORTS NEWS FROM THE ATHLETICN.B.A. blockbuster: Kristaps Porzingis is heading to Boston and Marcus Smart to Memphis in a three-team swap.Wunderkind: Meet Ness Mugrabi, the N.F.L.’s youngest agent.Scrutiny: Leaders of the PGA Tour, Saudi Arabia’s Public Investment Fund and the LIV Tour were invited to testify in front of a congressional committee.ARTS AND IDEAS Clive, a prince, is out for revenge in this new incarnation of the Final Fantasy franchise.Square EnixRole-playing games: The Final Fantasy video game series has been around for more than three decades. Recently, as its creators worked on the next entry, Final Fantasy XVI, they confronted what The Times’s Brian X. Chen calls the “Star Wars” problem: Can a long-running franchise reinvent itself to win over new audiences without losing longtime fans who crave nostalgia?Final Fantasy XVI is out today, and Corey Plante writes at Kotaku that it successfully threads the needle: “It just may be the best the series has been in more than 20 years.”More on cultureThe second season of “And Just Like That …” premieres today. Catch up.Six writers selected essential works of queer literature.THE MORNING RECOMMENDS …David Malosh for The New York Times. Food Stylist: Simon Andrews.Broil miso-honey chicken.Exercise your body and mind with tai chi.Visit the site where Caesar was killed.Upgrade your bath towels.Skip the silicone baking mats.GAMESHere are today’s Spelling Bee and the Bee Buddy, which helps you find remaining words. Yesterday’s pangrams were autocracy and carryout.And here are today’s Mini Crossword, Wordle and Sudoku.Thanks for spending part of your morning with The Times. See you tomorrow. — DavidP.S. The Society for News Design named The Times best-designed newspaper.Sign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. More

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      Donald Trump Has a Polling Problem

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      Most Republicans still support Trump. But the polls still suggest the federal indictment is hurting him.The 50 percent threshold in a poll can sometimes be distracting. When more than half of people give a certain answer, it often becomes the dominant message to emerge from the poll question. It is the answer that appears to have won. Yet the most important information may nonetheless be lurking elsewhere.Consider the surveys over the past week that have asked Americans their opinions about the federal charges against Donald Trump. Here are the results of an ABC News/Ipsos survey, which were similar to other poll results:Americans’ views on Trump’s latest indictment More

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      Trump and the Fun Factor

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      How his legal challenges play into his reputation as an entertainer.When Donald Trump was indicted on criminal charges in New York City two months ago, I tried to make sense of the political fallout with my colleague Nate Cohn, The Times’s chief political analyst. After poring over traditional markers about fund-raising and poll numbers, Nate mentioned another standard I’ve been thinking about over the past few days: Do Trump’s legal challenges make him more (or less) fun?The question is awkward, as it suggests that the reasons some Americans are drawn to politicians are divorced from the seriousness of their office. But after Trump’s arraignment in federal court in Miami this week, I’m reminded of its importance. Nate wasn’t calling Trump fun as a self-evident fact, but rather identifying a set of voters who are attracted to showmanship and celebrity, are distinct from Trump’s base and follow politics only casually, if at all.These voters matter for Trump’s 2024 campaign. Five percent of Trump’s voters in 2016 were disengaged from politics, a study by Democracy Fund, a pro-democracy group, found, and that is the type of margin that made a difference in such a close contest.What distinguishes this group? Perhaps you have a friend who doesn’t care about politics, but can’t believe Trump said THAT. Or who recognizes the belittling nicknames he bestowed on Republicans in the 2016 primary, like “Little Marco” Rubio and “Lyin’ Ted” Cruz, monikers that have stuck beyond Republican circles.Such awareness is part of the effect of Trump’s celebrity and ability to command attention in ways no other candidate can. When Trump was at his political peak, that quality extended beyond his most ardent supporters to political outsiders who were attracted to his style — or were at least entertained by it.2024 challengeAhead of the 2024 election, though, Trump’s crusade for supporters is failing to live up to his 2016 effort. At both of Trump’s arraignments, the number of people who came to the courthouse to defend him was smaller than expected. I’ve heard from Republican leaders — on Capitol Hill and in early voting states like Iowa — who say they have gotten fewer calls defending Trump than they anticipated. Even his return to CNN, in a widely criticized town hall last month, fell short of the ratings that Trump once delivered for cable networks.Perhaps most important, Trump himself looks miserable. Even as Republican voters have largely rallied behind him, and even as he remains the front-runner to secure the Republican nomination despite his cascading legal problems, he appears to be wrestling with the reality that his freedom is in jeopardy.“Some birthday,” he grumbled in Miami this week, ignoring a clear attempt by supporters to cheer him up on the week he turned 77.According to my colleagues Shane Goldmacher and Maggie Haberman, who have closely followed Trump’s political career, his speech in New Jersey after his arraignment brought down the mood of the party instead of jump-starting it. Trump turned what was meant to be a moment of defiance into a familiar litany of grievances. He invoked the tone of personal victimhood that Republicans have told me cost them votes in the 2022 midterms, when Trump focused on the lie that the 2020 election was stolen from him.It’s not just that the indictments distract Trump from laying out an affirmative vision for the country. They can also stop him from being the most free version of himself.In a competitive Republican primary where another candidate can gain traction with the electorate (a possibility that remains to be seen), Trump’s inability to summon his freewheeling style is the type of difficult-to-quantify factor that can keep him from securing votes — and leave opportunities for opponents.Trump can, of course, return anytime to the unconstrained approach that won him so much attention in 2016 and since. His Republican primary competitors are already dreading the amount of media coverage they will lose this summer to his indictments, my colleagues Jonathan Swan and Jonathan Weisman reported.Yet these factors are part of the reason that many Democrats feel good about a potential matchup between President Biden and Trump. They argue that the electorate is simply exhausted with the chaos that he brought to national politics and that his legal troubles are a reminder of that aspect of his presidency. What was once fun (for some) no longer is.More Trump newsTrump’s own aides and lawyers could become witnesses against him.Judge Aileen Cannon is presiding over Trump’s case. Her experience as a judge in criminal cases has included just 14 trial days.The trial will test the legal system’s ability to guard national secrets while guaranteeing a fair and open trial, Politico writes.Groups like the Proud Boys have called for retribution, but large protests haven’t materialized outside Trump’s court appearances.Trump tried to undermine the charges by lashing out at Biden.Former Trump advisers are drawing up a plan to minimize the Justice Department’s independence from a future president.THE LATEST NEWSBusinessThe Federal Reserve left interest rates unchanged after more than a year of increases. Officials say rates could rise twice more this year.European Union legislators took a major step toward regulating artificial intelligence. They want to put guardrails on risky uses of the technology.Retailers are fleeing downtown San Francisco. Read an interview with the mayor, who said she wants to turn offices into homes.Google is offering a small payment to anyone who clicked a search link between 2006 and 2013 to settle a lawsuit over privacy violations.InternationalThe U.S. has quietly resumed diplomacy with Iran, negotiating to limit Iran’s nuclear program and free imprisoned Americans.Boris Johnson misled British lawmakers over Covid lockdown parties, a damning report concluded. He quit Parliament last week after seeing an early version of the findings.Some Republicans want to cut military aid to Ukraine at a critical moment in the war. Here’s what you need to know about the counteroffensive.Pakistan is in political crisis. The military is cracking down on supporters of former Prime Minister Imran Khan as elections approach.A prominent journalist in Guatemala was sentenced to prison. Critics say the trial is a sign that the country’s democracy is crumbling.ClimateThe U.S. is paying Russia billions for enriched uranium for nuclear power.Global oil demand is likely to drop sharply over the next five years because of a shift to electric vehicles and other cleaner technologies.Minnesota, Wisconsin and North Dakota residents have been under the polluted, orange skies seen in New York last week.South Korea is converting food waste, a major source of emissions, into fuel and fertilizer. See the process.Other Big StoriesA Baptist pastor appealing a decision to expel her church from the denomination.Christiana Botic for The New York TimesSouthern Baptists voted to restrict women in church leadership, opening hundreds of churches to investigation and expulsions.Francis Suarez, Miami’s mayor, entered the race for the Republican presidential nomination.A morgue manager at Harvard Medical School sold body parts from donated cadavers and let buyers choose which parts they wanted, prosecutors say.Starbucks workers in 21 states were told by their managers not to decorate for Pride Month, a union said.OpinionsNew York has a flooding problem. But proposed flood walls won’t solve it — and will block off beloved waterfront areas, Robert Yaro and Daniel Gutman write.Here are columns by Pamela Paul on estimating time and Charles Blow on Florida’s anti-transgender legislation.MORNING READSEid prayer in Brooklyn.Jonah Markowitz for The New York TimesDawn to dusk: A photographer spent two years immersed in Brooklyn’s fast-growing Bangladeshi community.Discovery: One of Saturn’s moons has all the ingredients for life, scientists found.Coming of age: In Detroit, a debutante ball where young Black women feel like they belong.The fixer: When he accidentally stole a Picasso, he knew who to call: Dad.Adjust your expectations: Lots of couples skip wedding night sex.Lives Lived: The editor Robert Gottlieb shaped novels, nonfiction books and magazine articles by a pantheon of acclaimed writers. He died at 92.SPORTS NEWS FROM THE ATHLETICBeal’s murky future: The Washington Wizards and Bradley Beal will work together to trade him if the team decides to rebuild.Messi’s M.L.S. limbo: Lionel Messi’s announcement last week that he plans to come to Inter Miami caught M.L.S. officials by surprise, a big reason he hasn’t yet finalized his contract.ARTS AND IDEAS The dad influencers Dave Ogleton, left, and Aaron Martin.via @fitdadceo, @stayathomedadDigital fatherhood: Dad influencers are finding big audiences on social media. The trend exploded during the pandemic, when many fathers were suddenly home all the time, and it has grown as men become more comfortable sharing the joys and struggles of parenting — often with dad jokes.“Our goal was mostly to have fun,” said Kevin Laferriere, a comedian who posts about his home life on TikTok. “Then we heard from dads who said heartfelt things like, ‘I’m the only stay-at-home dad I know, and your content helped me feel seen.’”More on cultureCormac McCarthy, who died this week at 89, was part of a generation that expanded what American prose could do, The Times’s A.O. Scott writes.Nine women filed a sexual assault lawsuit against Bill Cosby in Nevada. The state recently eliminated the statute of limitations for civil cases.The executive director of American Ballet Theater resigned without explanation.THE MORNING RECOMMENDS …Bobbi Lin for The New York TimesServe this pasta salad the day you make it for the brightest flavor.Stay calm during a bumpy flight with these tips.Try these $30 earbuds that tricked Wirecutter’s testers.Protect your eyes with cheap, yet effective sunglasses.Squash spotted lanternflies, an invasive species. They’re back for another summer.GAMESHere are today’s Spelling Bee and the Bee Buddy, which helps you find remaining words. Yesterday’s pangram was headwind.And here are today’s Mini Crossword, Wordle and Sudoku.Thanks for spending part of your morning with The Times. See you tomorrow.Sign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. More

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      When Should a Former President Be Charged

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      What if Donald Trump were someone else? Two weeks ago, a federal judge sentenced Robert Birchum, a former Air Force lieutenant colonel, to three years in jail for removing hundreds of secret documents from their authorized locations and storing them in his home and officer’s quarters.In April, a judge sentenced Jeremy Brown, a former member of U.S. Special Forces, to more than seven years in prison partly for taking a classified report home with him after he retired. The report contained sensitive intelligence, including about an informant in another country.In 2018, Nghia Hoang Pho received a five-and-a-half-year sentence for storing National Security Agency documents at his home. Prosecutors emphasized that Pho was aware he was not supposed to have taken the documents.These three recent cases are among dozens in which the Justice Department has charged people with removing classified information from its proper place and trying to conceal their actions. That list includes several former high-ranking officials, like David Petraeus and John Deutch, who each ran the C.I.A.Now, of course, the list also includes Donald Trump, who was arraigned in a Miami federal courthouse yesterday and pleaded not guilty to 37 charges.Above the law?Are federal prosecutors singling out Trump because of his signature role in American politics? Or are they basing their decision to indict him solely on the facts of the case?Sean Trende, a political analyst with RealClearPolitics, has offered a helpful way to understand these questions — and specifically when a former president should, and should not, be charged with a crime.Start by thinking about all the other people who had engaged in behavior similar to that for which the ex-president was charged with a crime. If just some of those other people were charged, the ex-president should not be, Trende wrote. Prosecutors have a large amount of discretion about which cases to bring, and they should err on the side of not indicting a former president because of the political turmoil it is likely to cause, he argued.But if the ex-president did something that would have caused anybody else to be charged with a crime, he should be, too. “The president shouldn’t be above the law,” Trende explained.There is ample reason to believe that the document case against Trump falls into the second category: Had any other American done what he is accused of doing, that person would almost certainly be prosecuted. “The real injustice,” the editors of The Economist magazine wrote yesterday, “would have been not to indict him.”Consider: Prosecutors have accused Trump of removing classified documents from government property and bringing them home with him. Those documents contained sensitive information, such as military plans and intelligence about foreign militaries. Trump made clear to others that he knew he should not have the documents and took steps to mislead investigators about them, prosecutors claim.It’s true — as Trump’s defenders repeatedly point out — that other government officials, including President Biden, Mike Pence and Hillary Clinton, have also mishandled classified information without having been charged with crimes. But those cases were very different from Trump’s. The transgressions seemed to be accidental. The officials returned the documents when asked. They did not try to mislead federal investigators.Trump’s alleged actions instead resemble those of the obscure officials I mentioned at the top of today’s newsletter. His behavior also seems to have been much more brazen than that of Deutch and Petraeus.This pattern helps explain why legal experts have been much more supportive of the Justice Department’s indictment of Trump than of the case in New York charging Trump with violating campaign-finance law. The New York case has made some experts uncomfortable because it lacked a clear precedent. It does not seem to pass Trende’s standard for when a former president should be charged with a crime. There are no good analogies.The New York case relies on a novel combination of statutes to charge Trump with a felony for hiding payments he made to conceal a sexual encounter. Perhaps the most similar case — the trial of John Edwards, a former Democratic presidential candidate, also on charges of concealing payments connected to an affair — ended with an acquittal on one charge and a hung jury on five others.By contrast, the list of analogies to the document charges against Trump just keeps growing. Next week, Kendra Kingsbury, a former F.B.I. analyst, is scheduled to be sentenced to federal prison. She has pleaded guilty to having brought hundreds of classified documents to her home in Dodge City, Kan.The day’s news“We most certainly enter a plea of not guilty,” Todd Blanche, Trump’s lawyer, told the judge during the 50-minute courtroom appearance. Trump did not speak.Trump was fingerprinted at the courthouse, but did not get a mug shot taken. Officials considered it unnecessary because of his fame.The judge said Trump was not allowed to discuss the case with Walt Nauta, his personal aide, who is also charged. Nauta accompanied Trump to court, but his own arraignment was postponed because he does not yet have a Florida-based lawyer.Trump has a new nemesis: Jack Smith, the special counsel who charged him. Their paths finally crossed yesterday.What’s next? “The government will begin to reveal its evidence through the discovery process,” The Times’s Alan Feuer said. “Pretrial motions will be filed and argued. All that will likely take months.” Our colleague Maggie Haberman explained: “Trump is determined to fight this battle in the court of public opinion for as long as possible.”“Trump may well be waiting for a trial when voters cast their presidential ballots next fall,” Russell Berman writes in The Atlantic.President Biden spent his day meeting with the NATO secretary general and taking in a Juneteenth concert. “Anything but pay attention to Donald Trump,” The Times’s Michael Shear wrote.After leaving court, Trump visited Versailles Restaurant in Miami, where patrons sang “Happy Birthday” (he turns 77 today). He then traveled back to his golf club in Bedminster, N.J., and told supporters, “I did everything right, and they indicted me.” He displayed less energy than usual during the speech.Here’s a fact-check of Trump’s speech.THE LATEST NEWSInternationalFour Colombian children who survived 40 days in the jungle after a plane crash had been fleeing for their lives.A woman in Britain was sentenced to prison for using abortion pills to end her late-stage pregnancy.A boat capsized on the Niger River, killing at least 103 people. Many of the passengers were returning home from a wedding.Other Big Stories More

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      How Democrats Can Win Workers

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      We’re covering a new poll about the Democratic Party, Donald Trump’s court appearance and the N.B.A. finals.About 60 percent of U.S. voters do not have a four-year college degree, and they live disproportionately in swing states. As a result, these voters — often described as the American working class — are crucial to winning elections. Yet many of them are deeply skeptical of today’s Democratic Party.Republicans retook control of the House last year by winning most districts with below-median incomes. In nearly 20 Western and Southern states, Democrats are virtually shut out of statewide offices largely because of their weakness among the white working class. Since 2018, the party has also lost ground with Black, Asian and especially Latino voters.Unless the party improves its standing with blue-collar voters, “there’s no way for progressive Democrats to advance their agenda in the Senate,” according to a study that the Center for Working-Class Politics, a left-leaning research group, released this morning.The class inversion of American politics — with most professionals supporting Democrats and more working-class people backing Republicans — is one of the most consequential developments in American life (and, as regular readers know, a continuing theme of this newsletter).Today, I’ll be writing about what Democrats might do about the problem, focusing on a new YouGov poll, conducted as part of the Center for Working-Class Politics study. In an upcoming newsletter, I’ll examine the issue from a conservative perspective and specifically how Republicans might alter their economic agenda to better serve their new working-class base.A key point is that even modest shifts in the working-class vote can decide elections. If President Biden wins 50 percent of the non-college vote next year, he will almost certainly be re-elected. If he wins only 45 percent, he will probably lose.‘Fight for us all’Elections can be tricky for social scientists to study. The sample sizes are small and idiosyncratic. Researchers can’t conduct hundreds of elections in a laboratory, changing one variable at a time and analyzing how the results change. But researchers can conduct polls that pit hypothetical candidates against each other and see how the results change when the candidates’ biographies, messages and policy proposals change.This approach, which has become more common among pollsters, is the one that YouGov used. It focused on swing voters — those who don’t identify strongly with either party, many of whom are working class. The poll described a pair of Democratic candidates, each with a biography and a campaign platform, and asked respondents which one they preferred.Among the findings:Voters preferred a candidate who was a teacher, construction worker, warehouse worker, doctor or nurse. The least popular candidate professions were lawyer and corporate executive.Many effective messages involved jobs, including both moderate policies (like tax credits for training at small businesses) and progressive ones (like a federal jobs guarantee). “People are obviously interested in good-paying jobs,” said Bhaskar Sunkara, the founder of Jacobin, a leftist magazine that helped sponsor the project. “They have an identity that’s rooted in their work.”Black and Latino candidates were slightly more popular than other candidates, mostly because some voters of color preferred candidates of color. (Related: Black candidates — of different ideologies — have beaten non-Black candidates in recent mayoral primaries and elections in Chicago, Los Angeles, New York and Philadelphia, Matthew Yglesias of Substack pointed out to me.) But candidate messages that explicitly mentioned race were unpopular.Voters liked Democrats who criticized both political parties as “out of touch.” There is real-world evidence to support this finding, too: Senator Mark Kelly of Arizona and Representative Marcy Kaptur of Ohio won close races last year while highlighting their differences with Democratic leaders, as Data for Progress, another research group, has noted.Moderate social policies fared better than more liberal ones. The single most effective message in the poll was a vow to “protect the border”; decriminalization of the border was very unpopular.Swing voters liked tough, populist messages such as “Americans who work for a living are being betrayed by superrich elites” and “Americans need to come together and elect leaders who will fight for us all.” As Jared Abbott, the director of the Center for Working-Class Politics, argued, “Democrats need to be less concerned with rhetorical niceties.” Doing so would hardly be new: Harry Truman and Franklin Roosevelt used such red-blooded language.The bottom lineI find the study’s conclusions fascinating because they are both original and consistent with other evidence. Democrats who have won difficult recent elections, including both progressives and moderates, have often presented a blue-collar image.President Biden talks about growing up in a working-class neighborhood. Marie Gluesenkamp Pérez, who owns a car-repair shop, flipped a House district in Washington State partly by criticizing her own party for being elitist. Senator Sherrod Brown, the only Democrat to win statewide in Ohio since 2011, is a populist. So is John Fetterman of Pennsylvania, the only Senate candidate from either party to flip a seat last year.Many Americans are frustrated with the country’s direction, and they want candidates who will promise to fight for their interests. One of the vulnerabilities of today’s Democratic Party, as my colleague Nate Cohn has written, is that it has come to be associated with the establishment.More on politicsDuring a CNN town hall last night, Chris Christie called Donald Trump angry and vengeful.Hard-right House Republicans will give Kevin McCarthy a reprieve from a weeklong blockade of the House floor to allow legislative business to move forward.The Senate said it would investigate the merger between the PGA Tour and the Saudi-backed LIV Golf. (This story goes behind the scenes of the deal.)THE LATEST NEWSTrump IndictmentDonald Trump arriving in Miami yesterday.Saul Martinez for The New York TimesTrump will appear in court in Miami today.He is expected to plead not guilty on charges that he illegally kept documents and obstructed the government’s efforts to retrieve them.Trump has tested several defenses, including painting himself as a victim. But the evidence already presented could make them hard to sustain in court.Judge Aileen Cannon, a Trump appointee, will preside over the trial.There have been about a dozen cases involving classified information in recent years. Many of them ended in prison sentences.Business and MediaJPMorgan Chase will pay $290 million to the victims of Jeffrey Epstein. The bank kept him as a customer despite media reports about him abusing teenage girls.Fox News told Tucker Carlson to stop posting videos on Twitter. Although Fox canceled his show, Carlson is under contract with the network until 2025.The F.T.C. sued to stop Microsoft from buying Activision Blizzard, a major video game company.Fred Ryan, the publisher and chief executive of The Washington Post, is stepping down.Other Big StoriesRussia struck a residential building in central Ukraine this morning, killing at least six people. Rescuers were searching for survivors.A climate trial has begun in Montana. Sixteen young people are accusing the state of robbing their future by embracing fossil fuels.Keechant Sewell, the N.Y.P.D.’s first female commissioner, will resign after less than 18 months. She didn’t give a reason.New York City set a minimum wage for food delivery workers: $17.96 per hour before tips.OpinionsSilvio Berlusconi provided a template for Trump’s political career, Mattia Ferraresi writes.To achieve universal health coverage, the United States should take inspiration from other countries, Aaron E. Carroll writes.Ezra Klein and Carlos Lozada discuss how Ron DeSantis’s books make the case for his candidacy over Trump’s.Here are columns by Lydia Polgreen on the decline of free news and Jamelle Bouie on Republican loyalty to Trump.MORNING READSIllustration by Eric YahnkerMr. Beast: His headline-grabbing giveaways made him the Willy Wonka of YouTube. Why do people think he’s evil?Health: Sleep is more challenging for women than for men.Lives Lived: Treat Williams, famous for his roles in the movies “Hair” and “Deep Rising” and the TV show “Everwood,” died at 71.SPORTS NEWS FROM THE ATHLETICNikola Jokic last night.Daniel Brenner for The New York TimesN.B.A. finals: The Denver Nuggets beat the Miami Heat to win their first championship. Nikola Jokic cemented his spot in the pantheon of N.B.A. greats with a stunning performance.A departure: The Oklahoma softball ace Jordy Bahl said she would leave the program.A mission: Christian McCaffrey’s voice was the last thing Logan Hale heard. Now McCaffrey, a 49ers running back, is helping fulfill his young fan’s final wish.ARTS AND IDEAS A gallery in Copenhagen.Charlotte de la Fuente for The New York TimesAn ancient reunion: It’s not a coincidence that so many of the statues in museums are missing their heads: Throughout history, invaders would target statues when they attacked a city, decapitating the likenesses of local leaders to make a statement. And the statues that survived were often chopped up by smugglers, who wanted two artifacts to sell instead of one. Now, as Graham Bowley writes in The Times, those ancient acts of vandalism have made it hard for museums to match heads with their long-lost torsos.More on culturePat Sajak is retiring from “Wheel of Fortune” after 41 seasons as its host.The Hollywood Foreign Press Association, which was at the center of recent scandals, is shutting down. The Golden Globes will continue.Elizabeth Gilbert, author of “Eat, Pray, Love,” delayed her new novel indefinitely after being criticized for setting the story in Russia.THE MORNING RECOMMENDS …Armando Rafael for The New York TimesMake a one-pot vegetable pulao, which combines rice, vegetables and spices.Try the best summer eats in New York.Visit vineyards in California that are far from the Napa crowds.Read an old magazine. You’ll understand the past in a new way.GAMESHere are today’s Spelling Bee and the Bee Buddy, which helps you find remaining words. Yesterday’s pangram was expletive.And here are today’s Mini Crossword, Wordle and Sudoku.Thanks for spending part of your morning with The Times. See you tomorrow. — DavidSign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. More

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      Donald Trump’s Latest Indictment May Reshape the 2024 Race

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      The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week.“I’m an innocent man,” Donald Trump told his supporters on Thursday night.Mandel Ngan/Agence France-Presse — Getty ImagesTrump indicted: what to expect next For the second time in two months, Donald Trump will surrender to the authorities to face legal charges, dropping another bomb into the 2024 presidential race. Within minutes, he was fund-raising on the back of the news.The indictment hasn’t yet been unsealed, but some details are known. The former president and front-runner for the Republican nomination faces seven criminal charges that he mishandled classified documents from his time in the White House and obstructed the government’s efforts to reclaim them. He is expected to turn himself in to the authorities on Tuesday.Mr. Trump himself broke the news last night, a sign his inner circle had been bracing for the indictment for weeks.On his Truth Social platform, Mr. Trump called the charges “election interference at the highest level,” adding, “I’m an innocent man.” Mr. Trump’s legal troubles keep piling up. But this indictment holds greater “legal gravity and political peril,” writes The Times’s Peter Baker. It’s not just a first in American history for a former president, but also involves the nation’s secrets.Here’s a recap of the other legal matters he faces:A federal grand jury last month ordered Mr. Trump to pay $5 million to the journalist E. Jean Carroll in a civil case that he sexually abused and then defamed her; Carroll’s legal team has sued Mr. Trump again over subsequent comments he made about her.In April, the New York authorities charged Mr. Trump with falsifying business documents in connection with hush-money payments to the porn star Stormy Daniels in the run-up to the 2016 presidential election.Mr. Trump is also under investigation in Georgia for possible election tampering in the state; a decision is expected later this summer.Mr. Trump’s Republican challengers came to his defense. Gov. Ron DeSantis of Florida, his nearest rival in the polls, accused the Biden administration of weaponizing the Justice Department to take on a political rival. And Vivek Ramaswamy, the anti-woke financier, said he would pardon Mr. Trump if elected president.Mr. Trump gained in the polls the last time he was charged. It is unclear if the public will be so supportive this time. A Yahoo-YouGov poll showed nearly two-thirds of Americans view the charges of removing classified documents and obstructing the investigation as a serious criminal matter; a similar percentage feel that he should not serve as president if convicted.So far, big-money conservative donors have stayed mum on the latest charges. Many have deserted Mr. Trump after backing him in previous election cycles.HERE’S WHAT’S HAPPENING The wildfire haze is moving on from the Northeast. Cities including New York and Philadelphia have seen air conditions improve, though the noxious smoke is spreading south and west; the F.A.A. has lifted ground stops at LaGuardia and Newark airports. But scientists confirmed that the El Niño weather phenomenon has started, portending hotter temperatures through next year.China suffers from a lack of inflation. New monthly data shows that producer prices fell 4.6 percent in May, the sharpest year-on-year drop in seven years, while consumer prices rose just 0.2 percent. Though a contrast from Western countries grappling with rapid inflation, the trend suggests China’s faltering economy may soon suffer from deflation.The White House reportedly braces for the death of its student loan forgiveness program. Biden administration officials are privately worrying that the Supreme Court may strike down its proposal, which would eliminate up to $20,000 in education debt per person for millions of Americans, according to The Wall Street Journal. The White House is preparing less legally risky alternatives to help borrowers.G.M. electric vehicles will gain access to Tesla’s charging network. The move, which follows a similar announcement by Ford, will vastly expand charger accessibility for G.M. But some in the industry fear that wider adoption of Tesla’s plugs, which are now likely to become the industry standard, will give Elon Musk’s company even greater power over the E.V. market.The bull market rally is already being testedInvestors shrugged off lousy labor market data and a new round of inflation warnings to push the S&P 500 into bull market territory on Thursday. But that enthusiasm seems to be waning on Friday morning as stock futures suggest markets will open lower.The bear market lasted 248 trading days, the longest such run since 1948. Since its October low, the S&P 500 has gained 20.04 percent, just enough to tip into a bull market. The benchmark index is still roughly 10 percent away from a record high; some market observers say, therefore, that it’s premature to call this a true bull market.Investor enthusiasm for artificial intelligence has underpinned this rally. According to Deutsche Bank analysts, the FANG+ Index — a collection of big cap tech stocks, many of which are expanding into A.I. — is up nearly 80 percent since ChatGPT debuted in November.Now to the bad news … A growing number of economists believe that next week’s Consumer Price Index report will show an uptick in core inflation. That could pressure the Fed to raise interest rates further — if not next week, in July.And there are signs of economic weakness. The Labor Department on Thursday reported 261,000 new jobless claims, the highest number since October 2021.Expect a prolonged period of economic uncertainty. That was the message from Mario Draghi, the former Italian prime minister and president of the E.C.B., in a speech on Thursday at M.I.T.The economist, who once famously vowed to do “whatever it takes” to save the euro, has a bearish view of the future. He warned that industrialized economies face a “volatile cocktail” of persistent inflation, high budget deficits, high interest rates and low potential growth as central banks grapple with a climate crisis, the reshoring of supply chains and the impact of Russia’s war in Ukraine.Crypto’s protagonists lay out their casesRegulators and crypto executives are making their cases in the court of public opinion after the S.E.C. sued Binance and Coinbase, two of the sector’s biggest exchanges, this week in an intensifying crackdown on the industry.“We’ve seen this story before,” the S.E.C. chairman Gary Gensler said on Thursday at a fintech conference, likening widespread noncompliance in crypto to the era of “hucksters” and fraud a century ago. He rejected claims that digital asset businesses cannot comply with the existing rules or do not realize that they apply: “When crypto asset market participants go on Twitter or TV and say they lacked ‘fair notice’ that their conduct could be illegal, don’t believe it.”Coinbase’s boss says that new regulations are needed. Its C.E.O., Brian Armstrong, addressed the event on Wednesday, saying the rules are opaque and need to be updated. The S.E.C. case is certainly a drag on his company: Moody’s, the ratings agency, downgraded Coinbase on Thursday to negative from stable because of the charges.Binance is regrouping. The company’s American division said on Thursday that it would no longer allow customers to trade in U.S. dollars, after banks stopped working with it. At the same time, the S.E.C. says it is trying to find “alternative means” to serve legal papers to Binance and Changpeng Zhao, the company’s C.E.O., telling a federal court that it was difficult to determine where he was.Who’s judging? The S.E.C.’s case against Coinbase in New York was assigned to District Judge Jennifer Rearden. Her nomination last year angered some Democratic lawmakers because she represented Chevron as a lawyer at Gibson, Dunn & Crutcher. She’s also handling the government’s appeal of the sale of the failed crypto broker Voyager to Binance’s U.S. arm and put the deal on hold in March. Judge Amy Berman Jackson of the Federal District Court for D.C. is presiding over the Binance case, and is best known for overseeing the criminal proceedings against two Mr. Trump advisers, Paul Manafort and Roger Stone. Next week, she will hold a hearing on an S.E.C. request to freeze Binance’s assets.“I did not comprehend that ChatGPT could fabricate cases.” — Steven Schwartz, a lawyer who has practiced in New York for 30 years. He told a federal judge that he regrets using the chatbot to write a legal brief that was found to be filled with fake judicial opinions and legal citations.Buzzphrase of the week: “spatial computing” Apple unveiled its first headset for augmented/virtual/mixed reality this week, but none of those words appears in a nine-minute video on its website about the $3,500 Vision Pro goggles. Instead, the company preferred a more obscure term: “spatial computing.”Apple is trying to put its own stamp on the category. When it comes to spatial computing, “no one knows what that is — and that provides Apple the opportunity to define it,” Marcus Collins, the author of “For the Culture: The Power Behind What We Buy, What We Do and Who We Want to Be,” told DealBook.Apple has successfully done this in the past. Before the App Store, people didn’t talk about apps; they talked about “software programs.”And the iPhone and AirPods were neither the first mobile phone nor the first earbuds, but they became runaway hits (despite being priced at a premium to the competition). Jim Posner, a communications consultant who has led teams at Twitter and Google, said that the intended audience may be investors and the media rather than consumers. “They are pitching a product to people,” he said. “For the tech press, industry analysts and investors, they’re pitching a concept.”Elsewhere, Mark Zuckerberg gave his thoughts on Apple’s Vision Pro goggles. “I was really curious to see what they’d ship,” the Meta C.E.O. told employees on Thursday, “and it’s a good sign for our own development that they don’t have any magical solutions to the laws of physics that we haven’t already explored.”THE SPEED READ DealsThe agricultural commodities giant Bunge is said to be finalizing a deal to buy Viterra, a grain trader, that could value the combined firm at $30 billion. (Reuters)UBS has secured a government backstop for losses tied to its takeover of Credit Suisse, clearing the last hurdle for combining Switzerland’s top two banks. (FT)Permira is reportedly weighing a sale or public listing for Golden Goose, a footwear brand favored by Taylor Swift, at a $2.7 billion valuation. (Bloomberg)PolicyLouisiana passed a bill that would block online services — including Instagram, TikTok and Fortnite — for children under 18 without their parents’ permission. (NYT)The Supreme Court unanimously ruled against a dog-toy maker whose product closely resembles a bottle of Jack Daniels whiskey. (NYT)Best of the restSam Altman of OpenAI, Bob Iger of Disney, Jay Monahan of the PGA Tour, Rupert Murdoch of Fox and Sundar Pichai of Alphabet are all on the guest list for this year’s Allen & Company gathering in Sun Valley, Idaho. (Variety)How Taylor Swift is a godsend for Chicago’s hotel industry. (Bloomberg)“What All the Single Ladies (and Men) Say About the Economy” (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

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      $5 Million in Damages

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      Donald Trump has been found liable for sexual abuse.Donald Trump’s legal problems are growing deeper.Yesterday, a jury found the former president liable for the sexual abuse and defamation of the magazine writer E. Jean Carroll, ordering him to pay her $5 million. The case was a civil trial, which means that Trump is not subject to prison time. But the verdict indicates that jurors believed Carroll’s claim that Trump assaulted her in a department store dressing room in the mid-1990s.Carroll also accused Trump of raping her. The jury ruled against Carroll on that count, finding insufficient evidence to support her allegation.Today’s newsletter will walk through the details of the case, the reactions to the verdict and the potential political consequences.The caseAt the heart of the lawsuit was Carroll’s account of her encounter with Trump, which she described in detail during the trial. She said that she saw him outside the Bergdorf Goodman department store in Manhattan nearly three decades ago, and that he had asked her to help find a gift for a female friend. The two bantered while walking through the store, and he asked her to try on a gray-blue bodysuit from the lingerie section. She declined and told him to put it on instead. Trump then motioned her into a dressing room, where he threw her against the wall, used his weight to pin her down and raped her, according to Carroll.The episode “left me unable to ever have a romantic life again,” Carroll said. (She was able to sue after so much time had passed under the Adult Survivors Act, a New York law that provides victims of abuse a one-time opportunity to sue the accused.)To make her case, Carroll and her lawyers relied on Trump’s history of comments denigrating women. They pointed to the “Access Hollywood” tape, released during the 2016 election, on which he had boasted that he could grab women by their genitals without their permission. “When you’re a star, they let you do it,” Trump said. He stood by those remarks during a deposition in the Carroll case.Carroll’s lawyers argued that Trump’s comments showed he was capable of the assault that she had accused him of. The jury, composed of six men and three women, concluded that the allegations of sexual abuse, but not of rape, were more likely to be true than untrue, holding Trump liable.Trump denied the accusations. He did not testify, and his lawyers called no witnesses as a defense in the trial. He previously told reporters that the allegations could not be true because Carroll was not his “type.”Trump promised to appeal the verdict. “I have absolutely no idea who this woman is,” Trump posted yesterday on Truth Social, his social media platform. “This verdict is a disgrace — a continuation of the greatest witch hunt of all time!”The reactionsTrump is set to appear live on a CNN town hall tonight, where he will take questions from voters.Many of Trump’s political rivals and opponents, including Gov. Ron DeSantis of Florida and former Gov. Nikki Haley of South Carolina, stayed quiet about the verdict. Vivek Ramaswamy, an entrepreneur and author running for president, defended Trump: “I’ll say what everyone else is privately thinking: If the defendant weren’t named Donald Trump, would there even be a lawsuit?”One 2024 candidate did criticize Trump. “The jury verdict should be treated with seriousness and is another example of the indefensible behavior of Donald Trump,” Asa Hutchinson, Arkansas’s former governor and a longtime Trump critic, said.The political impactIt is not clear how the verdict will affect Trump’s presidential campaign. His poll numbers against DeSantis, his main potential rival in the Republican primary, improved even after a Manhattan grand jury indicted Trump on 34 felony charges of falsifying business records.But Trump’s advisers are not making a similar prediction after the Carroll verdict, my colleagues Maggie Haberman and Jonathan Swan wrote.Trump is almost certain to confront more legal problems before the 2024 election. The Manhattan trial could start as soon as next January. Trump is also under investigation for his involvement in the Jan. 6, 2021, attack on the U.S. Capitol, for his efforts to overturn the 2020 election and for his handling of classified documents.More on the verdictMore than a dozen women have accused Trump of sexual misconduct, but Carroll’s is the only allegation that a jury has affirmed.Why was Trump liable for sexual abuse, not rape? New York law gave jurors three types of battery to consider.While the verdict may have been foreseeable, how Republicans will respond is less clear, David French writes in Times Opinion.The verdict is a reminder that the legal onslaught against Trump can’t be deflected with lies, Michelle Goldberg writes in Times Opinion.THE LATEST NEWSPoliticsSpeaker Kevin McCarthy, left, and Senate Minority Leader Mitch McConnell.Haiyun Jiang/The New York TimesPresident Biden and Speaker Kevin McCarthy did not reach a consensus over the debt ceiling. They agreed to meet again.Representative George Santos, the New York Republican whose finances have been under investigation, faces federal criminal charges.A recent poll showed Trump leading Biden in the 2024 race. It was an outlier, Nate Cohn writes, but its message is clear: Don’t underestimate Trump.Lawmakers in Texas are pushing voting restrictions that only apply to Harris County, a Democratic stronghold that includes Houston.Senate Democrats asked the billionaire Harlan Crow for a full accounting of his gifts to Justice Clarence Thomas.Florida officials demanded revisions to school textbooks mentioning socialism and Black Lives Matter protests.InternationalA naval guardsman killed at least three people at a synagogue during a Jewish pilgrimage in Tunisia.The Israeli army launched airstrikes on the Islamic Jihad armed group in Gaza, killing three of its leaders and 10 civilians, Palestinian officials said. Here’s a guide to the group.Imran Khan, Pakistan’s former prime minister, was arrested on corruption charges. He accuses the military of conspiring against him.HealthThe U.S. will end its Covid emergency tomorrow, winding down programs that began when the virus dominated everyday life.Women should have regular mammograms starting at age 40 rather than 50, an expert panel said.Other Big StoriesTucker Carlson, the former Fox News host, said he would start a show on Twitter. That could violate his deal with the network.New York City, where about half of middle schoolers are not proficient in reading, is changing how it teaches the subject.The Metropolitan Museum of Art will hire a team to scour its collections for looted treasures.A woman wrote a children’s book to help her sons process their father’s death. Now she is accused of killing him.OpinionsIf cities want to survive the unpredictability of our climate, they should accommodate an unpredictable ecosystem, Ben Wilson argues.A new Netflix docudrama depicts Cleopatra as culturally Black, Gwen Nally and Mary Hamil Gilbert write.Here are columns by Jamelle Bouie on mass shootings and Thomas Friedman on Vladimir Putin.MORNING READSIn Japanese, these foods are fuwa fuwa, which means “fluffy fluffy.”Esther ChoiBeyond crunchy: Cuisines around the world prize texture as much as taste.Hiatus: Some women are taking the summer off from dating apps.Metropolitan Diary: Mic drop at the opera.Health: How to spot — and remove — skin tags.Canine needs: Walking your dog with a harness is safer than leading them by the collar.Advice from Wirecutter: The best Mother’s Day gifts.Lives Lived: Grace Bumbry’s vocal range and transcendent stage presence made her a towering figure in opera and one of its first, and biggest, Black stars. She died at 86.SPORTS NEWS FROM THE ATHLETICN.B.A. playoffs: The Nuggets and Sixers earned 3-2 series leads with victories last night. Women’s soccer: It’s notable enough to be the first Native American to play in the N.W.S.L., but Madison Hammond is much more.An uncertain future: The Oakland A’s agreed to their second land deal in a month for property in Las Vegas, where the franchise plans to move.ARTS AND IDEAS Buddy Holly won Best in Show at the 147th Westminster Kennel Club Dog Show.Desiree Rios/The New York TimesBest in showBuddy Holly, a petit basset griffon Vendéen, took the top prize at the Westminster Dog Show. He’s the first of his breed — better known as P.B.G.V., because that is easier to say — to do so. (Second place went to Rummie, a Pekingese whose breeder and handler, David Fitzpatrick, has produced two previous best in show winners, including Wasabi, the 2021 champion.)“I have dreamed of this since I was 9 years old,” said Buddy Holly’s owner and trainer, Janice Hayes. She said the dog was “the epitome of a show dog; nothing bothers him.” Now he gets to relax and go back to his daily life, which involves hanging out with “his girlfriends,” Hayes said. “He never has a bad day”: The Times’s Sarah Lyall visited Striker, a Samoyed who was a crowd favorite at last year’s show.Two Times photographers went behind the scenes. Do not miss their pictures.PLAY, WATCH, EATWhat to CookAndrew Purcell for The New York TimesThe secret ingredient in this spaghetti Bolognese is Worcestershire sauce.What to Watch“Dealing With Dad” is a lighthearted movie about generational trauma and chronic depression. What to Listen toHere are six new songs you should hear.Now Time to PlayThe pangram from yesterday’s Spelling Bee was windfall. Here are today’s puzzle and the Bee Buddy, which helps you find remaining words.And here are today’s Mini Crossword, Wordle and Sudoku.Thanks for spending part of your morning with The Times. See you tomorrow. — GermanP.S. Emma Goldberg, who covers the future of work, wants to hear how readers’ jobs have changed in the past few years.Here’s today’s front page. Sign up here to get this newsletter in your inbox. Reach our team at themorning@nytimes.com. More