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      Nikki Haley bets on New Hampshire as best chance of wresting nomination from Trump

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      Plodding across frigid New Hampshire ahead of Tuesday’s primary, Nikki Haley offered the state’s proudly freethinking voters a tantalizing proposal: choose her and save America from the presidential rematch seemingly nobody wants.“Seventy percent of Americans have said they don’t want to see a Donald Trump-Joe Biden rematch,” Haley exclaimed on Sunday, drawing head nods and murmurs of agreement from attendees packed into a middle school library in Derry. Haley leaned in: “Do we really want to have two presidential candidates in their 80s?”Biden, the 81-year-old Democratic president, is coasting to his party’s nomination and Trump, the 77-year-old former president, is marching toward the Republican one as the field narrows and he consolidates support from across the party. But Haley, who celebrated her 52nd birthday hopscotching the state on Saturday, insisted there was a different – viable – path.Haley, the former “Tea Party governor” of South Carolina who served as Trump’s first United Nations ambassador, has staked her presidential aspirations on a strong showing in the first-in-the-nation primary.“New Hampshire is do-or-die for Nikki Haley,” said Mike Dennehy, a veteran Republican strategist in New Hampshire who worked on John McCain’s winning presidential primary campaigns in the state in 2000 and 2008 and is unaffiliated. “She needs to go all in and speak specifically to independent voters who want change in this country.”Trump demolished his rivals in the Iowa caucuses. Haley finished third, behind the Florida governor Ron DeSantis who dropped out of the race on Sunday and threw his support behind Trump, the latest sign of Republicans closing ranks around the former president.A Suffolk University/Boston Globe/NBC10 Boston daily tracking poll of New Hampshire voters on Monday had Trump ahead of Haley by double digits, 57% to 38%, with his lead ticking slightly higher in recent days.A competitive night in the Granite state, she hopes, will deliver enough momentum to vault her campaign into her home state of South Carolina, which holds the south’s first presidential primary next month.The secretary of state is predicting record turnout for the Republican primary. And unlike in Iowa, where arctic temperatures likely dampened turnout, Tuesday’s forecast in New Hampshire is several degrees above freezing, or, as locals joke, “shorts weather”.High turn-out is expected to favor Haley, who is relying on outsized support from the nearly 40% of registered voters who do not belong to a political party and can choose to participate in either primary. New Hampshire’s famously freethinking independents have long injected a degree of unpredictability into the state’s contest, setting it apart from socially conservative Iowa.Haley’s best chance of wresting the nomination from Trump may depend on voters like Marie Mulroy, 76, a self-described political moderate from Manchester who despises Trump and voted for Biden in 2020.“I’m sick of it,” Mulroy said. “Two incumbents. Two lame ducks. I’m tired of the forced choices.” On Tuesday, she’ll choose a Republican ballot and vote for the candidate she has seen on the campaign trail 12 times and believes could be the nation’s first female president.Though Mulroy disagrees with Haley on some social issues, particularly abortion, she is impressed by Haley’s approach to foreign policy and the federal debt. Importantly, Mulroy added, she was confident that if Haley were the Republican nominee and lost the election, she would concede. “We won’t have a January 6th with her,” Mulroy said.Haley will also need support from conservative voters like Erin Williams of Newmarket. Williams supported Trump in 2020 but says it’s time to usher in a younger generation of leaders. Drawn to Haley’s “energy and no-nonsense approach,” Williams cringed at the possibility of a Biden-Trump repeat.“I don’t even want to think about that,” she said after Haley’s Sunday night rally at a high school in Exeter.‘One fella and one lady’On Sunday, just two days before voters go to the polls, DeSantis’s departure set the stage for the one-on-one showdown with Trump in New Hampshire that Haley has been seeking.Moments after DeSantis announced his departure Haley shared the news with the mix of patrons and supporters gathered at Brown’s Lobster Pound on New Hampshire’s seacoast.“It’s now one fella and one lady left,” she said, sending the crowd into a frenzy of cheers and applause. “May the best woman win.”Haley has invested heavily in New Hampshire, where Trump is potentially more vulnerable in the highly educated, less religious state. Deep-pocketed allies have helped knock doors and troll Trump on her behalf.SFA Fund Inc, a Haley aligned Super Pac, taunted Trump with mobile billboards outside one of his rallies this week. A spokesperson for the group said the ads were targeting “Trump supporters who are tired of losing”.Americans for Prosperity Action, the political network backed by conservative billionaire Charles Koch, has contacted more than 210,000 voters in the state since endorsing Haley in November, said Greg Moore, the group’s New Hampshire director.In a briefing with reporters, he said that those conversations made it clear that, true to form in a state known for “breaking late”, many voters were still making up their minds.“Some of the narrative is that it’s all moderates for Haley and all conservatives for Trump. I know that’s not true,” Moore said. “She is pulling from both conservatives and moderates.”A Monmouth poll released on Monday found that the number of registered independents who planned to take a Republican ballot has increased from 52% in November to 63%, suggesting a “measurable influx of Democratic-leaning independents” in Tuesday’s primary.Haley is walking a fine line in icy New Hampshire, chasing both independent voters who despise Trump and conservatives who voted for him but are open to an alternative.The effort has earned her the backing of New Hampshire’s popular Republican governor, Chris Sununu, who has escorted her around the state. On Sunday, Haley won the endorsement of the Union-Leader, a state newspaper which praised her as a candidate who could “run circles around the dinosaurs from the last two administrations, backwards and in heels”.“She has the difficult task of trying to reach out to two very different parts of the electorate,” said Dante Scala, a professor of Political Science and International Affairs at the University of New Hampshire. “There’s a real chasm.”skip past newsletter promotionafter newsletter promotionIn stops around the state, Haley has played up her conservative credentials and hawkish foreign policy, rebutting Trump’s attacks on her, with vows to crack down on the southern border, stand up to China and never raise taxes.Early in her 2024 campaign, Haley stepped gingerly around the topic of her former boss. But with Trump holding firmly to his lead in New Hampshire – and several of her would-be supporters in the state clamoring for more – Haley began to confront him head-on.On the eve of Tuesday’s contest, she questioned Trump’s mental acuity, accused him of spreading “lies” about her record, berating his relationship with dictators and slamming his support from “Washington insiders”.Yet she continues to sidestep questions about Trump’s web of legal troubles, which has only hardened the extraordinary loyalty he inspires from the Republican base. As president, she said she would pardon Trump if he’s convicted but not preemptively. Separately, she has committed to supporting the Republican nominee.One of her campaign’s most consistent knocks on Trump is that he’s bad for Republicans. During his time in office, the party lost the House, Senate and White House during his time in office. They also repeatedly lost New Hampshire in the general election. Even then, she has left some of the sharpest attacks to her allies.“I am tired of losing,” Sununu, his voice hoarse from days of campaigning, told a crowd in Exeter. “I’m tired of losers. And I’m sure as hell tired of Donald Trump.”‘The sound of a two person race’Trump hopes to extinguish Haley’s path with a decisive victory on Tuesday before the race turns to an even friendlier contest in Nevada.“We need big margins,” Trump said at a rally in Manchester.A memo by the Trump campaign argued that Haley “must win” in New Hampshire. If she doesn’t, it said, she had two choices: suspend her campaign and endorse Trump or prepare to be “absolutely DEMOLISHED and EMBARASSED [sic] in her home state of South Carolina”.Haley has vowed to ride on. Her campaign scheduled a rally in South Carolina on Wednesday, 24 hours after polls close in New Hampshire.Part of Haley’s pitch is that she is more electable than the former president. She frequently points to polling that shows her beating Biden in a hypothetical matchup. But there is a creeping sense that the race for the Republican nomination is a foregone conclusion no matter what happens in New Hampshire.In Manchester, Carter Crumley, 60, a retired engineer and registered independent, said Haley had “a lot of great qualities” but felt she didn’t have a chance. He plans to vote for Trump.“You don’t just want to waste a vote because you like someone,” he said. “You want them to be electable.”Haley is embracing her status as an underdog, reminding voters that she’d been underestimated and counted out for much of her career only to prove the “fellas” wrong: besting a 30-year Republican incumbent to win a seat in the state legislature and surging past a field of more prominent Republicans when she ran for governor in 2010.And unlike Trump’s rowdy rallies, Haley has been doing the time-honored work of retail politics that New Hampshire voters expect – and demand – of their candidates. In recent days, she has answered interrogatories at Mary Ann’s diner in Amherst, tossed back a Guinness at the Peddler’s Daughter Irish Bar in Nashua before zipping to Chick-fil-A in the governor’s red mustang.At a seafood restaurant in Epping, Haley dropped down to sign a drawing made for her by five-year-old Cora. The girl’s mother, who gave only her first name, Jessica, said her daughter was drawn to Haley because she was the only woman in the stack of campaign literature flooding their mailbox.As for herself, she had hoped to support the former Arkansas governor, Asa Hutchinson, who dropped out of the presidential race after his anti-Trump candidacy failed to break through. Now, she said she will follow Hutchinson’s lead and support Haley.In a sign of the times, protesters have disrupted multiple Haley’s events in recent days. As supporters booed, Haley quieted the crowd to say that she is always “happy to see a protester” because her husband, who is deployed, and other armed service members are serving to protect their right to free speech. It is one of her strongest applause lines.An electric crowd filled a high school gymnasium in Exeter for Haley’s final campaign stop on Sunday. Her campaign shot T-shirts into the audience. A young supporter danced on stage.“Can you hear that sound?” Haley asked as she began her remarks. “That’s the sound of a two-person race.”But it was Judy Sheindlin, the straight-talking television arbiter known and loved by American viewers as Judge Judy, who delivered Haley’s closing argument.“Please, New Hampshire. Use your brains and your heart,” Sheindlin said. “Bring her home on Tuesday.”David Smith contributed reporting. More

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      Trump holds wide lead over Nikki Haley in New Hampshire, polls show

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      The ignominious end of Ron DeSantis’s presidential campaign is unlikely to boost Donald Trump’s last challenger, Nikki Haley, to the Republican nomination , according to two New Hampshire polls released on the eve of the primary in the north-eastern state.DeSantis also endured a round of scathing critiques of his campaign which started off being seen as a major source of opposition to Trump. But his White House bid never fully took off and fizzled into failure and a major blow to the rightwing Florida governor’s political reputation.In a poll released on Sunday, the day the hard-right Florida governor contradicted his own Super Pac, Never Back Down, and backed down, NBC News, the Boston Globe and Suffolk University put Trump 19 points clear of Haley, at 55% to 36% support.Ending his campaign, DeSantis looked past months of personal attacks from Trump to offer the twice-impeached, 91-times criminally charged former president – whose lie about a stolen 2020 election DeSantis has disowned – his endorsement to face Joe Biden.On Monday, the Washington Post and Monmouth University put Trump at 52% support in New Hampshire, to 34% for Haley.That represented a near-doubling of support for the former South Carolina governor and UN ambassador since November. But, the Post said, that was primarily a result of the withdrawal of Chris Christie, the former New Jersey governor who campaigned as an anti-Trump candidate.DeSantis had 8% support in the Post-Monmouth poll, which was carried out before he ended his campaign.“If DeSantis’s supporters in the poll are allocated based on their second choice,” the Post said, “Trump’s support rises by four points while Haley’s increases by two.”On Sunday, Haley staged a rally in New Hampshire with Judy Sheindlin, better known to millions of Americans as Judge Judy, a former Manhattan family court judge made famous by a small claims, arbitration-based TV show.“What a crowd, Exeter!” she said. “The energy on the ground is electric, and it’s clear Granite Staters are ready to make a difference on Tuesday! An extra special thanks to America’s favorite judge, Judge Judy Sheindlin, for joining us! She gets it: this country needs no drama, no chaos, no nonsense – just results!”But despite such determined boosterism, polling results undeniably show Haley well adrift of Trump in New Hampshire and even further behind in South Carolina, her home state which next month will be the third to vote.According to the polling site FiveThirtyEight.com, Trump leads Haley by 61% to 25% in the southern state.Larry Sabato, director of the Center for Politics at the University of Virginia, said: “I wish I had a dollar for every Republican who’s told me over the last three years, ‘We’ve learned our lesson. No way will Trump be our nominee again.’”Speaking to CNN, Sabato added: “If [Haley] loses on Tuesday, it almost certainly marks the end of her run. She may continue through her home state of South Carolina though I think she’d be hesitant to do it because she wouldn’t want to lose her home state. That’s really difficult to explain to people.skip past newsletter promotionafter newsletter promotion“But for all practical purposes, once DeSantis left and once the other candidates were knocked out of the race, it was Trump’s to lose and Trump has to lose significantly and he’s not going to lose it.”DeSantis exited the race with a statement containing both a Churchill quote it turned out Churchill never said and his endorsement of Trump.Sabato was asked about DeSantis’s decision to back Trump after, only last week, attacking Republicans he said had chosen to “kiss the ring” and endorse the former president.“I guess he saw some good examples of ring kissing and decided to imitate it,” Sabato said.“Look, who knows what was going through his mind other than the fact that he certainly wants to run the next time. Now, whether he’ll be credible as a candidate after this disastrous run? Remember, he was supposed to be Trump’s main challenger and most of the establishment in the Republican party was betting on him. And his campaign crashed and burned.“This was really a disgraceful enterprise in so many different ways. But in [DeSantis’s] mind, at least right now, as he’s coming to terms with the the demise of his dream, he’s thinking about running in 2028. Well, being associated with Nikki Haley is not going to help you, because this party has already become the Donald Trump party or the Maga party and it will be in all likelihood even more so as the years go on.” More

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      Ron DeSantis Made Smiling Look Hard

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      And just like that, Ron DeSantis’s quest for the presidency is kaput. In a short video on Sunday, the Florida governor looked natty in a blue suit and red tie, every hair perfectly in place as he papered over his deeply imperfect campaign. He touted his own leadership and, perhaps with an eye toward running again in 2028, endorsed the Republican kingmaker, Donald Trump. It wasn’t a terrible performance, especially under the circumstances. But watching DeSantis’s now-famous awkward smile and listening to his unnatural cadence, it was hard not to think: Yeah. I can see why this guy’s candidacy is deader than disco.I am not being mean here. OK, I am being a little bit mean, but in the service of a serious point. Mr. DeSantis is a successful governor of a major state and a smart guy with a picture-perfect family. But he is also one of those unfortunate political creatures who do not wear well, whose early promise and poll numbers fade over time: The more people saw him, the less they seemed to like him. On the presidential campaign trail, he was robotic and awkward, rude and arrogant, with the interpersonal skills of poorly designed A.I. He struck people as an all-around odd duck, and not in a good way.For a modern presidential contender, this is the kiss of death. Popular policies, a savvy campaign strategy, a message that speaks to the moment — these things matter. And DeSantis had much to offer a conservative Republican base: his angry populism, his vilification of all the right people (Dr. Anthony Fauci, George Soros, migrants, teachers’ unions), his record of achievement in Florida. Let us grant him all that, and more. But if the messenger has a likability problem, the rest tends to get overshadowed.For all of DeSantis’s apparent G.O.P. pluses, he was constantly tripping over his personal minuses. His tone-deaf remarks, like when he told a kid in Iowa that his Icee probably had a lot of sugar in it. His inability to hide his discomfort when interacting with regular Americans. The creepy smile that popped up in pretty much every debate. That quickie lip lick, where the tip of his tongue would suddenly burst into view. His visible impatience. His trouble making eye contact. His fidgeting. His explosive, gaping laugh. The peculiar rhythm of his speech — sometimes too fast, sometimes stilted, and never quite right. It was … a lot. But also not enough, lacking a certain quality that says, “I am human.”A big part of the presidency involves convincing people to believe in you, rallying support for your priorities, conveying competence, caring, strength, hope, determination, courage. You are, chiefly, a leader — not a manager, a policy wonk or a political strategist. And getting people to follow you is much harder if they find you personally off-putting.This wasn’t Team DeSantis’s only problem, of course. His campaign’s failures, of strategy and of luck, were rich and multifaceted. But underneath them all ran this foundational flaw. To quote Mr. Trump, a viciously shrewd observer of human nature, “The problem with Ron DeSanctimonious is that he needs a personality transplant, and those are not yet available.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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      GOP Donors Face Dilemma as DeSantis Drops Out

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      Ron DeSantis’s exit, and Nikki Haley’s struggle to make headway against Donald Trump, are forcing Republicans to make a tough choice.The narrowing race for the Republican presidential nomination is creating tough choices for anti-Trump donors.Sophie Park for The New York TimesIt’s down to Trump and Haley now The effort to pick anyone but Donald Trump as the Republican presidential nominee took another big, if expected, blow on Sunday when Ron DeSantis dropped out of the race and endorsed the former president. (Other former hopefuls, including Vivek Ramaswamy and Tim Scott, have also endorsed Trump.)The Republican faithful are coalescing around Trump in a way that raises questions about the next move by the wealthy donors who have sought to stop him.Nikki Haley is now the only potential roadblock to a Trump nomination. DeSantis came into the race as the most daunting opponent to the former president, but his misstep-laden campaign never turned into a serious threat. Among his strategic errors was betting that “anti-woke” fights, including his battle against Disney, would resonate with voters. (Politico reports that a top DeSantis fund-raiser had proposed a legally untested way for the campaign to remain afloat, but the Florida governor eventually yielded to electoral reality.)Haley has embraced her status as the last anti-Trump candidate standing: “May the best woman win,” she said on Sunday. But polls put her some 15 percentage points behind Trump in New Hampshire, as voters head to the polls tomorrow.It’s a sign that the influence of big-money donors is limited. DeSantis’s war chest was financed largely by deep-pocketed benefactors. And in recent months, Haley has drawn support from a bipartisan group of anti-Trump moguls, including the hedge fund billionaire Stanley Druckenmiller and the Democratic investor and LinkedIn founder Reid Hoffman. (JPMorgan Chase’s Jamie Dimon has publicly exhorted people of all political stripes to back Haley.)But as The Times’s Ken Vogel notes, winning over the moneyed class hasn’t guaranteed electoral success for years. Just ask Jeb Bush.What will those anti-Trump donors do? Some are continuing to back Haley: Several Wall Street titans, including Druckenmiller and Henry Kravis, will host a fund-raiser for her on Jan. 30, a week after the Republican and Democratic New Hampshire primaries. And Americans for Prosperity, a super PAC backed by the Koch business empire, said it would continue to back Haley through at least Super Tuesday in early March.But if Haley loses badly in New Hampshire, how long will business leaders accustomed to success stick with a failing bet? Ken Langone, a co-founder of Home Depot and one of her backers, said recently that he wants to see how she does tomorrow before giving more money.In other election news: The top outside political group backing President Biden raised $208 million last year. And Treasury Secretary Janet Yellen is heading to the Midwest this week to tout Biden’s economic record as data points increasingly turn positive.HERE’S WHAT’S HAPPENING The war in Gaza hits the Middle East’s economy. Three months in, the conflict has cost Egypt, Lebanon and Jordan more than $10 billion in economic losses, and risks pushing 230,000 into poverty. Meanwhile, international support for Israel is fraying as casualties in Gaza mount and as attacks by Houthi rebels on commercial vessels in the Red Sea are driving up shipping costs.Exxon Mobil sues climate investors to stop a proxy fight. The fossil-fuel giant asked a federal court in Texas to throw out a proposal from Follow This and Arjuna Capital that calls for speeding up the company’s efforts to cut greenhouse gases. A decision could clarify S.E.C. guidance on which shareholder proposals can be put up for a vote by company shareholders.Another Boeing model comes under regulatory scrutiny. The F.A.A. said on Sunday that airlines should inspect the door plugs on Boeing 737-900ER planes “as an added layer of safety.” Confidence in Boeing’s engineering and quality control has fallen after hundreds of Boeing 737 Max 9s were grounded in the wake of a door panel tearing off an Alaska Airlines jet in flight.S&P 500 futures are up again on Monday. After hitting a record on Friday, the benchmark index looks set to extend those gains. Last week’s rally was driven by investor bets on interest rates cuts and the artificial intelligence boom buoying tech stocks.Could Macy’s get hostile? Macy’s has rejected a $5.8 billion takeover bid from the investment firms Arkhouse Management and Brigade Capital that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday.The investor group is now threatening to take the offer to shareholders. With a potential hostile bid looming, here are DealBook’s questions about what may come next.How would Arkhouse and Brigade pull off a deal? Macy’s board cited doubts about the investment firms’ financing when it rejected the proposal on Sunday. The company said the firms had proposed to pay 25 percent of the offer in equity. The rest would most likely be from debt such as leveraged loans, the market for which has been tight thanks in part to high interest rates.Could the rejection open the door to other bids? Arkhouse’s 2021 offer for Columbia Property Trust led to another buyer entering the picture. Macy’s has not reached out to prospective buyers, people familiar with the matter tell DealBook. But the retailer indicated in a statement that it would “be open to opportunities that are in the best interests of the company and all of our shareholders.”The list of prospective suitors is short, given the challenges facing the retail sector and the scarring memories of buyouts-gone-bad like with Sears.What is Macy’s turnaround plan? The retailer’s shares have fallen about 30 percent over the past five years, as the company lost significant market share, forcing it to close stores and lay off staff — including an announcement last week that it would cut 2,350 jobs.All eyes are on Tony Spring, who takes over as C.E.O. next month after having led Bloomingdale’s, Macy’s much-healthier higher-end brand. But duplicating that kind of success could be challenging, given Macy’s large and underperforming store base and its different shopper demographics.Taking the temperature of tech C.E.O.s Tech sector C.E.O.s are more optimistic about the economy this year, especially the potential for artificial intelligence and the I.P.O. market. But they also remain wary that geopolitical tensions could disrupt trade and increase headwinds in the capital markets, SoftBank’s latest annual survey of its portfolio companies shows.DealBook got an exclusive first look at the report, which includes start-ups backed bySoftBank’s two Vision Funds and its Latin America fund.Hope is returning after a dismal two years. Almost half of the C.E.O.s surveyed were more upbeat about the economy than they were a year ago and expected to raise capital this year.The improvement in sentiment is from a low base, cautioned Alex Clavel, co-C.E.O. of SoftBank Investment Advisers, which manages the funds. Last year was a hangover from 2022, when the fund-raising “faucets were turned off,” he said. Hopes didn’t pan out that I.P.O.s at the end of 2023 — including of the SoftBank-backed Arm — would lead to a flow of new listings, but 37 percent of C.E.O.s said public listings would pick up in the second half of 2024.A.I. excitement is high, even if it’s unclear how it will be deployed. “There is an increasing sense that 2024 is the year when we go from A.I. enthusiasm to A.I. impact,” Clavel said. A third of the C.E.O.s said they had increased A.I. investment by 50 percent last year and were using it to make products more cheaply or to improve efficiency.But some are proceeding cautiously. Clavel said one company has used A.I. to cut costs significantly but is holding off on more changes “because it’s going to be too unsettling” for the work force.The C.E.O.s said tensions with China were the top geopolitical risk. Still, that obstacle hasn’t significantly affected their businesses yet. The biggest concern for 2024: that wider instability, including war in the Middle East, could sap investor interest in I.P.O.s or raise energy costs in Europe.“I have lost confidence in the determination and ability of the Harvard Corporation and Harvard leadership to maintain Harvard as a place where Jews and Israelis can flourish.” — Larry Summers, the former Treasury secretary and ex-president of Harvard, after the university announced a new antisemitism task force on Friday. The committee is set to be co-chaired by Derek Penslar, a professor of Jewish history who Summers said was “unsuited” for the role in part because of his position on the extent of the school’s antisemitism problem.The week ahead On the agenda this week: earnings, inflation and central bank decisions.Tomorrow: Netflix, Procter & Gamble, Johnson & Johnson and Lockheed Martin release quarterly results. Also, the Bank of Japan is expected to maintain its ultra-loose monetary policy; the markets predict the country will exit its negative rates regime as soon as March.Elsewhere, the Academy Awards nominees are set to be announced.Wednesday: The Dutch chips-equipment manufacturer ASML, Tesla and AT&T report earnings.Thursday: It’s decision day for the European Central Bank, which is expected to hold steady on interest rates. On the other side of the Atlantic, U.S. fourth-quarter G.D.P. is set to be published.In earnings, LVMH, Intel, Visa and a slew of airlines including American, Southwest and Alaska Air Group are due to report.Friday: The Personal Consumption Expenditures report, the Fed’s preferred inflation gauge, will be released.THE SPEED READ DealsSony ended a $10 billion deal to combine its Indian assets with Zee Entertainment, a Mumbai-based media company. (Reuters)Macquarie, the big Australian investment firm, has raised 8 billion euros ($8.7 billion) for its latest European infrastructure fund. (FT)What Citigroup’s exit from the $4 trillion market for municipal bonds, a field it once dominated, means for the business of financing state and local governments. (WSJ)Artificial intelligenceEleven Labs, an A.I voice-cloning start-up, raised $80 million in new funds from investors led by Andreessen Horowitz at a valuation of more than $1 billion. (Bloomberg)How Japan is turning to avatars, robots and A.I. to tackle its labor crisis. (FT)Best of the rest“‘America is Under Attack’: Inside the Anti-D.E.I. Crusade” (NYT)American clothing makers are pushing to change a trade rule that effectively lets foreign manufacturers ship directly to U.S. consumers without paying tariffs. (NYT)The Chinese electric carmaker BYD is going upmarket with a Lamborghini-style E.V. to step up its fight with Tesla. (WSJ)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

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      Biden’s name won’t appear on New Hampshire ballots – where does that leave Democrats?

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      While Donald Trump and Nikki Haley might draw focus, a shadow presidential primary is taking place in New Hampshire, where Joe Biden could stumble at the first hurdle of his bid to run for president again in 2024 following an internal Democratic party feud.As a consequence of the party scrap, Biden’s name will not even appear on the ballot in the Granite state on Tuesday. While the president remains the favorite to win his party’s overall nomination, his absence here has opened a window for Dean Phillips, a Democratic congressman from Minnesota, and Marianne Williamson, an author and self-help guru who ran for president in 2020, to mount longshot presidential bids.The pair have spent weeks campaigning in the state, pitching different visions for the future. Phillips, 55, has touted his reputation as a centrist; his record of working with Republicans to get things done; and the fact that he is 26 years younger than Biden.Williamson, who withdrew from the 2020 race before the Iowa caucuses, is selling more of a deviation from the current administration. A progressive, she would introduce free college tuition, declare a climate emergency and “Department of Peace” which would be tasked with avoiding war abroad and tackling white supremacy at home.So far it is Phillips who seems to be drawing the most attention from Granite staters, even if, as he told voters in Salem on Friday, challenging Biden has meant being “excommunicated” from the wider Democratic party.“I was a darling as of 90 days ago, and now I’m the devil somehow,” Phillips told the Guardian after the event.“But that’s how it works. I expected this because it is a nonsensical culture, of standing in line playing your role waiting your turn. We can’t do that if we hope to save this country.”Phillips, who ran his family’s hundred million dollar brewing company before winning a seat in the House of Representatives in 2018, only launched his campaign in October 2023, but he has established a large political operation in the state.At his events his volunteers scurry around gathering signatures from people in the crowd, and hand out T-shirts and buttons with the legend: “I like Dean” written on the front. Frequently the crowds are large.An event in Nashua on Saturday, a bitterly cold day with wispy snow falling from the sky, drew more than 200 people, who heard Phillips tout his record as “the second most bipartisan” Democrat in the House of Representatives.“We believe it is time to segregate the far-left and the far-right and give voice to the exhausted majority of America. Are you ready for that?” Phillips said, to applause.A man who clearly has a passion for language, Phillips then addressed a Democratic effort to write-in Biden’s name on the ballot on Tuesday by suggesting: “If he wrote you off, why would you write him in,” and claimed that Biden “took the granite state for gran-ted”.On the stump Phillips sometimes adds: “I did torpedo my career in Congress, so that this country will not be torpedoed by this nonsense.”New Hampshire polling shows Biden with a commanding lead over Phillips, and an even more commanding lead over Williamson. But given Biden’s name isn’t on the ballot, there’s a possibility Phillips could win.The unusual situation stems from the Democratic national committee’s decision to ditch decades of tradition this year in choosing South Carolina, a much more racially diverse state, to host the first presidential primary. When New Hampshire said it would host its primary first anyway – South Carolina will vote next week – the Democratic National Committee essentially said it would ignore the state’s results.It means that Phillips’s and Williamson’s efforts here won’t actually help them become a presidential candidate, but that doesn’t render the time they spend here completely redundant, said Dante Scala, a professor of political science at the University of New Hampshire.“New Hampshire historically has not been about delegates, because we have relatively few to offer in the big scheme of things,” Scala said.“It’s about the publicity that comes with a victory or even a better-than-expected performance in an early voting state in the nomination process, and I think they’ve been following that playbook.”Biden might be absent from the state, but a movement has emerged encouraging people to write his name on voting slips, and in a sign that the Biden campaign sees the potential for embarrassment, a series of high-profile Biden supporters have been dispatched to New Hampshire in recent weeks.Ro Khanna, a rising Democratic congressman from California, held an event for Biden on Saturday, while Pete Buttigieg, the transportation secretary, is among a slew of Biden’s cabinet officials who have pitched up here since the start of December.Another problem for Phillips and Williamson is a liberal-led effort to get independent New Hampshirites to vote for Haley in the Republican primary, in an attempt to damage Trump’s chances in the state. PrimaryPivot, the organization running the campaign, has been a regular presence at Republican events.“There’s a difference between a regular conservative Republican and someone who is an autocrat,” said Robert Schwarz, co-founder of PrimaryPivot.“For the issues most important to our democracy, Nikki Haley and Donald Trump are night and day.”For Phillips and Williamson, the write-in Biden campaign, and a separate effort to write-in “ceasefire” on Democratic ballots to critique Biden’s handling of Israel’s actions in Gaza, is an unwanted distraction.“President Biden doesn’t really care about a write-in campaign. The president would care if a candidate, such as myself, who has called for a ceasefire from the very beginning, got a lot of votes,” Williamson said at a campaign event in Manchester on Saturday.“I find [the campaign] kind of self-indulgent, performative.”Williamson, who after dropping out of the 2020 race endorsed Bernie Sanders for president, has a much broader critique of the US than Phillips. Political elites, Williamson said, have a “business model” of “job elimination, and worker exploitation, and demonization of unions, and tax cuts for the very, very wealthy”.“A majority of Americans live paycheck to paycheck. The majority of Americans can’t even dream of homeownership at this point. A majority of Americans cannot afford to absorb a $500 unexpected expenditure. One in four Americans live with medical debt, 75 million Americans are uninsured or underinsured,” Williamson said.She has found some support among people like Lisa Swanson, a student at Quinnipiac university who voted for Sanders four years ago. Speaking after the Manchester event, Swanson said she found Williamson “very reasonable”.“She shares a lot of the beliefs that I’ve had for a very long time, as if she’s plucked them right out of my own brain. So that’s very refreshing,” Swanson said.But while the campaigns of Williamson and Phillips might be winning support, there is still a sense that this could all be for naught. Neither is expected to seriously challenge Biden in South Carolina primary, let alone in the states to follow.Like others who attended events for these rebel candidates, Swanson was angry at the Democratic party skipping their state.“I feel like it’s pretty anti-democratic, quite frankly. It is the opposite of democracy. We are supposed to vote as the people to show what we want, and the DNC doing that with Joe Biden, quite frankly, says that they don’t trust the people to make a decision,” Swanson said. More

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      Haley Gets a Trump Matchup, but Now Faces the Trump Machine

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      As Nikki Haley celebrated Ron DeSantis’s departure from the Republican primary, Donald J. Trump turned his firepower toward his final rival.With only about 48 hours left to campaign in the New Hampshire primary, Nikki Haley finally got the two-person race she wanted.It might not live up to her expectations.For months, it has been an article of faith among Ms. Haley’s supporters and a coalition of anti-Trump Republicans that the only way to defeat Donald J. Trump was to winnow the field to a one-on-one contest and consolidate support among his opponents.That wishcasting became reality on Sunday afternoon, when Gov. Ron DeSantis of Florida ended his White House bid.And yet, as the race reached the final day, there was little sign that Mr. DeSantis’s departure would transform Ms. Haley’s chances of winning.Ms. Haley quickly learned that the role of last woman standing against Mr. Trump meant serving as the last target for a party racing to line up behind the former president.Two former rivals in the race — Senator Tim Scott of South Carolina, and Mr. DeSantis — both endorsed the former president. The head of the party’s Senate campaign arm proclaimed Mr. Trump to be the “presumptive nominee.” And Mr. Trump’s campaign strategists vowed that she would be “absolutely embarrassed and demolished” in her home state of South Carolina, the next big prize on the calendar.Campaigning across New Hampshire on Sunday, Ms. Haley and her supporters celebrated the DeSantis campaign’s demise.“Can you hear that sound?” she asked more than 1,000 gathered in a high school gymnasium in Exeter, N.H., her best-attended event in the state. “That’s the sound of a two-person race.”Thirty-five miles north, in Rochester, N.H., Mr. Trump told his crowd to expect a victory so decisive it would effectively end the primary. “That should wrap it up,” he said.Mr. Trump during a campaign rally at the Rochester Opera House on Sunday in New Hampshire.Doug Mills/The New York TimesMs. Haley’s supporters in the state said they were feeling that pressure. Some worried aloud that she had pulled punches with Mr. Trump for so long that her aggressiveness in the primary’s final weekend would be inadequate to persuade flinty New Hampshire voters that she had enough fight in her to win against the brawling former president.One Republican activist backing Ms. Haley said he kept his lawn sign in his garage because Mr. Trump’s victory felt inevitable. Another Haley backer, Fergus Cullen, a former chairman of the New Hampshire Republican Party, described his support for the former governor as unenthusiastic. He said he could not bring himself to defend Ms. Haley on social media or lean on friends and family to vote for her.“Too little, too late,” Mr. Cullen said about Ms. Haley’s prospects. “She had to inspire and engage unaffiliated voters, and I just haven’t seen her doing what she needs to do to reach that audience and turn them out in the numbers that she needs.”Most polls during the past week showed Mr. Trump up by a dozen points or more. A Suffolk University/Boston Globe/NBC10 Boston daily tracking poll of New Hampshire voters showed Mr. Trump steadily adding to his lead over Ms. Haley, with a margin of 53 percent to 36 percent on Saturday.Ms. Haley’s performance on Tuesday is likely to determine the future of her campaign — and possibly her political career. Anything short of a victory or narrow defeat would put pressure on her to drop out rather than face three weeks of punishing ads from the Trump campaign in her home state, where she is already behind.Her best shot at survival is high turnout from New Hampshire’s independent voters, who make up 40 percent of the state’s electorate, while Republicans account for about 30 percent.The New Hampshire secretary of state has been predicting record high turnout on Tuesday, a scenario that both campaigns were claiming would bolster their chances of success.Ms. Haley’s team believes a turnout surge would mean more participation from independent and moderate voters who are more likely to support her. They looked to Senator John McCain’s 2008 presidential campaign as a model. Mr. McCain won the state’s primary by dominating independent voters and battling to a draw among Republicans, according to exit polls.Ms. Haley, however, appears to be trailing by a large margin among Republicans, according to public polls. In the tracking poll, Ms. Haley led independents, 49 percent to 41, but was nearly 20 points behind Mr. Trump overall largely owing to his wide margin from Republicans, 65 percent to 25 percent.Ms. Haley on Sunday with supporters in Derry, N.H.Ruth Fremson/The New York TimesMs. Haley’s donors and allies argued Mr. DeSantis’s departure could reel in more donations and help her sharpen the contrast between herself and the former president. Both Ms. Haley and Mr. DeSantis struggled to find ways to criticize Mr. Trump without turning off Republicans who may be open to alternatives, but are still fond of him.But some longtime political operatives in the state suggested there might not be enough anti-Trump Republicans and moderate independents to make the numbers work.“Haley has consolidated the non-Trump vote, but overtaking him is the Rubik’s Cube no one has been able to figure out yet,” said Matt Mowers, a former Republican House candidate from New Hampshire who was endorsed by both Mr. Trump and Ms. Haley.As she delivered her stump speech on Saturday with new urgency, Ms. Haley’s attacks on Mr. Trump were sometimes softened by including Mr. Biden in the critique.“What are Joe Biden and Donald Trump both talking about?” Ms. Haley asked, at her rally in Exeter. “The investigations that they are in, the distractions they have, the people they’re mad at, their hurt feelings, and they have not shown us one ounce of vision for the future — not one.”Jane Freeman, 55, a retired flight attendant and undeclared voter in Exeter, scrunched her forehead and let out a sigh when asked about Mr. DeSantis’s endorsement of Mr. Trump.“Trump is a tricky thing,” said Ms. Freeman, who voted for the former president in 2016 and in 2020 but now supports Ms. Haley. “I really wish he would have waited,” she said of Mr. DeSantis. Still, she said Ms. Haley had the right momentum and was continuing to win voters. “I am nervous, but truly, truly hopeful,” she said.Anjali Huynh More

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      Last Exit Before Trump: New Hampshire

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      Tuesday’s primary election will probably decide whether there will be a race at all.Newport, N.H., last week. CJ Gunther/EPA, via ShutterstockLet’s be blunt about the stakes of the New Hampshire primary on Tuesday.If Donald J. Trump wins decisively, as the polls suggest, he will be on track to win the Republican nomination without a serious contest. The race will be all but over.The backdrop is simple: Mr. Trump holds a dominant, 50-plus-point lead in the polls with just seven weeks to go until the heart of the primary season, when the preponderance of delegates will be awarded. His position has only improved since Iowa, with national polls now routinely showing him with over 70 percent of the vote.Even skeptical Republican officials are consolidating behind the party’s front-runner. Ron DeSantis’s decision to suspend his campaign and endorse Mr. Trump is only the latest example.The polling by state isn’t much better for Nikki Haley, the only remaining opponent for Mr. Trump. He leads Ms. Haley by at least 30 points in all of the states after New Hampshire until Super Tuesday. So without a monumental shift in the race, he will secure the nomination in short order. More

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      DeSantis drops out, Trump rallies and Haley brings out Judge Judy – podcast

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      Two days before voters in New Hampshire were due to head to the polls, Ron DeSantis announced he was suspending his campaign to become the presidential nominee for the Republican party.
      Donald Trump had already focused his attack lines on his remaining opponent, Nikki Haley, but can she pull a shock win out of the bag? Jonathan Freedland heads out on the campaign trail, talking to voters along the way

      How to listen to podcasts: everything you need to know More