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      How Haley, DeSantis and Other Republicans Could Beat Trump

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      In the movie “Back to the Future II,” Michael J. Fox’s character, Marty McFly, is transported to the fall of 2015 and encounters a world of self-tying shoes and hoverboards. He finds himself trying to make sense of how people behave and the choices they make.Lately, I too feel like I’ve been transported to autumn 2015.That fall, Republican Party officials, donors and operatives were brimming with hope that the field of presidential contenders facing Donald Trump would shrink, clearing the way for a one-on-one matchup between the then-unthinkable Mr. Trump and a more conventional nominee, like the senators Ted Cruz of Texas or Marco Rubio of Florida. As one Michigan donor put it, “Just like everyone else, I’m waiting for this field to consolidate, and it doesn’t seem to be consolidating.” Arguments ensued over which candidates should take the hint. If only the field were smaller, the thinking went, surely Mr. Trump would be defeated.If only, if only, if only. This line of thinking became an excuse for candidates who didn’t want to take any real swings at Mr. Trump. It was the field — not Mr. Trump — that was the problem. No top contender took him on aggressively. No one really hammered away at his weaknesses in the kind of sustained, nimble assault they would have needed to topple him from his position as the front-runner. And even as Mr. Trump’s opponents dropped out, some of their voters wound up drifting to Mr. Trump as a second choice, keeping him at the head of the pack.Something similar is happening today. From the Republican debates to the campaign trail, the other candidates aren’t making a real attempt to dent the front-runner’s lead; instead, they are sniping at one another, pleading with donors and engaging in magical thinking. While there is some truth that having more candidates helps Mr. Trump win the nomination, consolidating the field alone is not likely sufficient to defeat him.In Iowa, late October polling from NBC News, The Des Moines Register and Mediacom showed Mr. Trump at 43 percent among likely G.O.P. caucusgoers, and an analysis of those voters’ second-choice shows that a sizable number of Ron DeSantis’s voters would simply go to Mr. Trump were the Florida governor to withdraw from the race. And though the former South Carolina governor Nikki Haley has seen her fortunes improve dramatically since her first debate, she still trails Mr. Trump by a wide margin in her home state of South Carolina, according to the latest CNN polling.Mr. DeSantis is hoping for some fresh momentum in Iowa this week with the endorsement of the state’s governor, Kim Reynolds. But without bold new arguments from Mr. DeSantis, Ms. Haley or other rivals, it seems as though Donald Trump is increasingly inevitable as the Republican nominee. A shame, too; there is a sizable portion of the Republican electorate that likes Mr. Trump but claims to be open to a new direction. In early states like Iowa and New Hampshire, CBS News polling recently found that less than a quarter of primary voters are “Trump only” voters. The vast majority are “Trump and …” voters — people who are considering the former president but also alternatives.However, these voters aren’t hearing anyone clearly lay out the case for why a new direction is so critical — and they need to on Wednesday night in the third G.O.P. primary debate.To defeat Mr. Trump, something significant must change. Toughness is required. The math is clear. Mr. Trump’s opponents must take some of his voters from him. Republican candidates must make the case that Mr. Trump is also not the best that voters can do. That means directing at least as much fire at the front-runner as they do at their other adversaries. Mr. Trump’s strongest rivals have not compellingly answered this question: “If you support Donald Trump’s policies so much, why are you running against him?” It’s time they start giving an answer to voters.Candidates have avoided doing so because striking the right tone in this campaign is incredibly challenging. An attack that is too scathing can inspire a sort of antibody response in Republican voters, backfiring by activating the instinct to defend Mr. Trump. Chris Christie was booed at the Florida Freedom Summit last weekend and hasn’t gained traction in the polls because Republican voters are not looking for a candidate whose primary message is that they have been duped and that Donald Trump is a bad man.At the same time, the rest of the field has treated Mr. Trump far too gently. Speeches like one Mr. DeSantis gave on Saturday, which try to draw a contrast with Mr. Trump without saying his name, haven’t yet moved the needle. Vague platitudes about “fresh leadership” and “someone who can win” have not yet been paired with an effective explanation of why Mr. Trump is neither of those things, and as a result Republican voters don’t believe either is true.To beat Mr. Trump, the strategy can’t be weak or astringent. It should not scold, and certainly not demean the majority of Republican voters who do like Trump. It should take a tone more akin to “I’m not mad, I’m just disappointed” — and lay out why, in a sustained and convincing way every week from now through the Jan. 15 Iowa caucuses.Critically, it must echo and amplify the things that I’ve heard Trump voters who are still shopping around say to each other:But his mouth, they’ll say.“I don’t like when he makes things like a circus.”“It’s just tiring.”These are not attacks from the right flank on policy, nor attacks from centrists on his legal woes — these are truths that many of Mr. Trump’s own supporters will acknowledge in private conversation.Mr. Trump’s opponents should not shy away from pointing out how things were far from perfect during his presidency. As one Trump voter acknowledged in one of our recent Times Opinion focus groups, “He always said everything is wonderful and everything is beautiful and everything is amazing. Come on.”In Wednesday’s debate, even with Mr. Trump absent from the stage, he is looming over his rivals, and it is past the hour for them to act like it. They can try to raise more money, but they cannot raise more time.Take Ms. Haley. She can, for instance, make a strong case for her actions defending Israel during her tenure as U.N. ambassador, noting that while the world may have felt safer under Mr. Trump, his own personal drama with Prime Minister Benjamin Netanyahu has blinded him to the importance of supporting one of our most critical allies — and that this kind of self-interested behavior will keep Mr. Trump from doing what is necessary to support our friends and go after our enemies on the world stage in a second term. Based on new polling from The Times and Siena College, she can now also make a clear electability case that has thus far eluded Mr. DeSantis, and note that she is the safer, stronger bet against Mr. Biden in 2024.Taking Mr. Trump on directly is no easy task in a party that would vastly prefer him to be in the White House today. But avoiding the hard road has thus far put his adversaries on the path to defeat. At this stage of the primary, with the lead Mr. Trump holds, there is no longer an excuse for candidates to dance around the question of “Why you … and not Donald Trump?”Kristen Soltis Anderson is a Republican pollster and a moderator of the Times Opinion focus group series.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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      A Report Card for Bidenomics

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      Voters’ negative perceptions about the economy are weighing on President Biden’s poll numbers. Here’s what his economic policies have, and haven’t, accomplished.President Biden is finding it hard to sell Americans on his economic track record.Kent Nishimura for The New York TimesWhere the economy is working (and where it isn’t) With a year to go before Election Day, polls increasingly show that American voters believe next year will be a rematch between President Biden and Donald Trump — with the former president in the lead in key battleground states despite his legal troubles (more on that below).Biden’s troubles stem in large part from negative perceptions about the economy, even as several indications show that it is performing strongly. Here’s a deeper look at what “Bidenomics” has, and hasn’t, accomplished.On the positive side: jobs. Since Biden took office, employers have created 14 million jobs, and the unemployment rate has been hovering around a 50-year-low for months.The president has also been talking up signature economic accomplishments like the Infrastructure Investment and Jobs Act, which he argues have helped rebuild rural America and invigorated the economy. “Bidenomics is just another way of saying the American dream,” he said in a speech. It’s not a stretch. The economy grew last quarter at nearly 5 percent, belying a global slowdown.On the negative side: inflation. Wages have been growing slowly, but they’ve been offset by rising prices, Biden’s Achilles’ heel. Republicans have blamed the White House’s economic policies for soaring consumer prices, which hit a 40-year high in the summer of 2022.Many economists say global factors are probably more to blame. But the perception of Biden’s culpability here is hurting him.A partial win: the markets. Investors tend to give high marks to presidents whose tenures coincide with strong investment returns. The S&P 500 has gained nearly 15 percent since Biden’s inauguration, weathering much of the slump set off by the Fed’s historic rates-tightening policy. (The bond market has gone in the opposite direction.)That’s decent, but pales in comparison with the Trump years, when the benchmark index climbed more than 65 percent.Biden has been touring the country — on Monday, he was in Delaware to promote federal money flowing to Amtrak, the rail operator — to refocus the public’s perceptions of his economic achievements. Meanwhile, questions swirl over whether Biden can eventually overtake Trump.A reminder: The DealBook Summit is on Nov. 29. Among the guests are Bob Iger of Disney; Lina Khan of the F.T.C.; and David Zaslav of Warner Bros. Discovery. You can apply to attend here.HERE’S WHAT’S HAPPENING Uber’s latest earnings miss expectations. The ride-hailing giant said on Tuesday that it had earned 10 cents per share in the third quarter, below the 12 cents that analysts had forecast. But the company argued that its business showed strong growth in its core mobility division.OpenAI seeks to build on its runaway success. The Microsoft-backed A.I. start-up said that its chatbot, ChatGPT, now had over 100 million weekly active users, giving it a formidable lead in the race to capture artificial intelligence customers. The company also introduced an online store that will let users build customized chatbots.Striking Hollywood actors push back on studios’ latest contract offer. The SAG-AFTRA union said that the “last, best and final” bid still fell short on key issues like the use of A.I., making it unclear when its nearly four-month strike will end. In other labor news, Starbucks will raise the average salary of hourly workers by at least 3 percent.Trump puts his legal liabilities on displayDonald Trump may be handily leading the 2024 election polls. But his appearance in court on Monday, testifying in a civil fraud lawsuit filed by New York State, appeared to do him no favors in efforts to hold onto his business empire.It was a reminder that, while he’s riding high in the presidential race, the former president still faces a thicket of legal battles that could cost him financially and, perhaps, politically.Here are some notable moments from Trump’s testimony:Trump conceded that he had played a role in valuing his company’s properties, an issue at the heart of the case. (New York prosecutors argue that Trump illicitly inflated his net worth to defraud banks and insurers.) Of the company’s financial statements, he said, “I would look at them, I would see them, and I would maybe on occasion have some suggestions.”But Trump also sought to underplay the importance of those statements, saying they were so riddled with disclaimers that they were “worthless.” He promised, unprompted, that some of his bankers would testify in his defense.Trump also assailed the presiding judge, Arthur Engoron, for having decided before the trial that fraud was committed. Engoron appeared exasperated, telling the former president to answer questions and stop delivering speeches.The testimony was a reminder of his political baggage, which was also an undercurrent of the endorsement of Ron DeSantis on Monday by Kim Reynolds, Iowa’s popular governor. Reynolds, whose state’s caucuses could be crucial in bolstering a Trump rival, said that the U.S. needed a president “who puts this country first and not himself” — a thinly veiled rebuke of Trump.His legal issues don’t appear to have dented his popularity. He has contended that he is being politically persecuted — “People like you go around and try to demean me and try to hurt me,” he told a state lawyer on Monday — an argument that some of his supporters have embraced.In a sign of his enduring political strength, the betting site PredictIt puts Trump’s odds of winning the nomination on Monday at more than four times that of his nearest competitor in its market, Nikki Haley.Dina Powell McCormick, in 2017, when she was a deputy national security adviser during the Trump presidency.Al Drago for The New York TimesExxon Mobil taps a Wall Street and D.C. power player Dina Powell McCormick, a former Goldman Sachs executive and onetime Trump administration official, is joining the board of Exxon Mobil effective Jan. 1. Her appointment comes as energy groups have embarked on a series of big deals on the back of soaring oil prices and bumper profits.Powell McCormick has long been one of the most senior women on Wall Street. Before joining BDT & MSD partners, an investment and advisory firm, earlier this year, she spent 16 years at Goldman Sachs. Powell McCormick led the Wall Street giant’s global sovereign business and sustainability, and she was a member of its management committee, among other roles.Powell McCormick has also been a Washington power player. She has spent more than a dozen years working in government. From 2017 to 2018, she was a deputy national security adviser to Trump and played a significant role on Middle East policy, including efforts to broker a peace deal between Israel and the Palestinians. (Her husband, David McCormick, is a former C.E.O. of the hedge fund Bridgewater and was a Treasury Department official under Hank Paulson. He is running for Senate in Pennsylvania as a Republican.)Powell McCormick’s appointment even won backing from Mike Bloomberg, who is spending billions to fight climate change — a sign of how wide-ranging her political and business relationships are.“Dina has been a close partner for years through her role as global head of sustainability at Goldman Sachs,” Bloomberg said, “and we have teamed up to create new partnerships that invest in market-driven ways to create clean energy and advance climate transition goals.”Energy giants are on a deal spree. Exxon reported quarterly profits of $9.1 billion last month, as oil prices have surged and demand has skyrocketed after Russia’s invasion of Ukraine. In October, Exxon agreed to acquire the shale oil specialist Pioneer Natural Resources for around $60 billion and Chevron struck a $53 billion deal to buy Hess. Exxon’s board had been in the spotlight over the energy transition. Engine No. 1, an activist investor, won three seats after targeting the company over its governance and environmental track record. But two years later, the firm changed course, saying that Exxon had made big changes. Exxon, however, has resisted calls to pour more money into renewable energy, arguing that its money is better on low-carbon investments.Tracing WeWork’s rise and spectacular fallWeWork finally filed for bankruptcy protection on Monday, after years of struggling with crushing debt and the coronavirus pandemic’s emptying out of office spaces — and that’s even after it had abandoned the runaway growth it pursued under its co-founder, Adam Neumann.The company that sought Chapter 11 is a shell of the real estate juggernaut that first sought to go public at a $47 billion valuation. (Its stock is down 98 percent this year.) Here’s how the business once lauded by the Japanese tech investor SoftBank as a revolution went astray.WeWork has been on its heels since it scrapped its I.P.O. plans in 2019. The company had been riding high, buoyed by Neumann’s promises that the start-up — whose business involved leasing out office space for co-working — would “elevate the world’s consciousness.” But then:Prospective investors blanched at the company’s steep losses, lax corporate governance and the controversies that dogged Neumann. (Activities on private jets were among them.) And the S.E.C. criticized the company’s disclosure involving mismatches between long-term financial obligations and its short-term assets. Neumann stepped down after WeWork shelved its I.P.O., and SoftBank provided it with a multibillion-dollar lifeline.Under a new C.E.O., Sandeep Mathrani, WeWork confronted the devastating effect of pandemic lockdowns and the rise of remote working. The company went public — via a blank-check vehicle — in 2021, while it started closing locations and renegotiating leases.Mathrani left in May, reportedly after clashing with SoftBank. His replacement, David Tolley, has kept trying to right the ship, but WeWork warned in August that there was “substantial doubt” about its future. Last month, it said it would miss interest payments on its debt.WeWork’s filing raises questions about the fate of commercial real estate. The company noted on Monday that it had reached agreements with about 92 percent of creditors holding secured debt. Its restructuring involves reducing its real estate portfolio.The company is one of the largest corporate tenants in New York and London, and any move to shed more of its leases would hurt commercial landlords that are themselves struggling to pay their debts.THE SPEED READ DealsResearch analysts at some of the banks that took Birkenstock public wrote in their initial reports on the sandal maker that its I.P.O. was valued too high. (Bloomberg)“Warring Billionaires, a Rogue Employee, a Divorce: One Hedge Fund’s Tale of Woe” (NYT)PolicyIntel is reportedly the leading candidate to land billions of dollars in federal funding to build secure plants to make chips for use by the U.S. military and intelligence agencies. (WSJ)A man who posed as a billionaire rabbi and made a $290 million takeover bid for the retailer Lord & Taylor was sentenced to more than eight years in prison. (Bloomberg)Best of the restDisney hired Hugh Johnston, the longtime finance chief at PepsiCo, as its new C.F.O. (CNBC)The founder of the dating app Bumble, Whitney Wolfe Herd, is stepping down as C.E.O. (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

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      RFK Jr. Reveals How Voters Are Dreading a Trump-Biden Rematch

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      Frustration with the two men likely to be the major parties’ nominees has led voters to entertain the idea of other options, New York Times/Siena College polls found.A looming rematch next year between President Biden and former President Donald J. Trump has left voters deeply dissatisfied with their options, longing for alternatives and curious about independent candidates like Robert F. Kennedy Jr., according to new polls of six battleground states conducted by The New York Times and Siena College.Both Mr. Biden and Mr. Trump are viewed unfavorably by a majority of voters in these states, one-fifth of voters don’t like either of them, and enthusiasm about the coming election is down sharply compared with a poll conducted before the 2020 contest.That frustration and malaise have prompted voters to entertain the idea of other options. When asked about the likeliest 2024 matchup, Mr. Biden versus Mr. Trump, only 2 percent of those polled said they would support another candidate. But when Mr. Kennedy’s name was included as an option, nearly a quarter said they would choose him.That number almost surely inflates the support of Mr. Kennedy, the political scion and vaccine skeptic, because two-thirds of those who said they would back him had said earlier that they would definitely or probably vote for one of the two front-runners.The polling results include registered voters in Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin. The findings suggest that Mr. Kennedy is less a fixed political figure in the minds of voters than he is a vessel to register unhappiness about the choice between Mr. Biden and Mr. Trump.A Fifth of Voters in Battleground States Dislike Both Leading CandidatesRespondents’ opinions of President Biden and former President Donald J. Trump More

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      With Poll Results Favoring Trump, Should Biden Step Aside?

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      More from our inbox:Reducing I.R.S. FundingHealth Insurance, SimplifiedPoll results show President Biden losing to Donald J. Trump by margins of four to 10 percentage points in key battleground states.Doug Mills/The New York TimesTo the Editor:Re “Voters in 5 Battlegrounds Favor Trump Over Biden” (front page, Nov. 6):When will the Democratic Party stop sitting on its hands and do something about the dire reality of the coming presidential election?The most recent New York Times/Siena College poll has President Biden behind Donald Trump in five of six swing states while his approval ratings among youth and minorities — two essential demographics for the party — continue to plummet.There comes a time when we have to say, “Dad, you’ve been a wonderful father and we love you dearly, but we are taking away the car keys.”We can all see it: the shuffle, the drifting focus, the mental confusion during a news conference in Vietnam. Mr. Biden’s handlers keep him under close wraps now, but the gasps among the electorate are going to be frequent when he gets out on the campaign trail debate circuit.This is no time to nominate an octogenarian who refuses to acknowledge his visibly dwindling abilities. The fact that Mr. Trump is only three years younger is irrelevant. Facts, logic and even multiple criminal proceedings are nonfactors when your opponent is a cult figure whose worshipers are willing to follow him blindly into authoritarianism.What the Democrats need to win is vigor, freshness and the hope of positive change. This is no time to cling to gentlemanly traditions of incumbency.Mr. Biden should go down in history as the president who led us out of our darkest hours, but if he refuses to pass the torch to a younger generation, he will be remembered as just another aging politician who refused to let go.If the Democratic Party sits back idly, pleading helplessness in our moment of need, it will prove that this country has not one but two dysfunctional parties.Bill IbelleProvidence, R.I.To the Editor:I read this headline, “Voters in 5 Battlegrounds Favor Trump Over Biden,” and was shocked; then I looked at the charts and graphs in the paper, and was depressed, and turned to my application for Canadian citizenship. Then finally, on Page A13 (they will have to pry the print paper out of my dying hands), I see in large print: “Polls have often failed to predict results of elections this far out.”I really hate polls, but believe they have the power to sway people significantly. So, why publish them this far out if they are lousy predictors at this stage?Betsy ShackelfordDecatur, Ga.To the Editor:The media’s coverage of President Biden is the principal reason the latest poll shows him behind Donald Trump in five of six critical states.Mr. Biden inherited the worst economic crisis since the Great Depression and the gravest public health crisis in a century. He got off to the fastest start of any president since F.D.R., creating over six million jobs in his first year and reaching his goal of the vaccination of over 200 million Americans in fewer than 100 days. Yet the bulk of the reporting for most of his presidency since then has involved inflation and his age.Underreported is the impact of Mr. Biden’s other achievements: the largest investment in green energy in American history; a $1 trillion investment in infrastructure; the first federal gun safety legislation in nearly three decades; and the biggest expansion of veterans’ benefits in over three decades.Michael K. CantwellDelray Beach, Fla.To the Editor:The latest polls showing President Biden losing support from minority and youth voters should prompt leading Democrats to urge him not to seek a second term. It’s time for a high-level delegation, including Barack Obama and Bill Clinton, to visit the White House for a reality check.Yes, Joe Biden is a patriotic American and a good president. But the specter of Donald Trump back in the Oval Office demands that he step aside and pass the torch to preserve our democracy.Judith BishopMiami BeachTo the Editor:Your article about the latest poll was frightening but not surprising. How many times and in how many ways does the leadership of the Democratic Party have to be told that President Biden is unpopular?Are they backing him because, according to the book, an incumbent is more electable than a challenger? Are they relying on the fact that Mr. Biden defeated Donald Trump in 2020? If so, they need to take another look at that election.I am a lifelong Democrat surrounded by the same, but neither I nor any of my friends voted for Mr. Biden; we all voted against Mr. Trump. That may not be enough in 2024.It’s entirely possible that many of the people I know — and large sections of the electorate — won’t vote at all. And very few of us have the energy and enthusiasm it takes to campaign effectively.Claudia Miriam ReedMcMinnville, Ore.To the Editor:“Why Biden Is Behind, and How He Could Come Back,” by Nate Cohn (The Upshot, nytimes.com, Nov. 5), misses a critical point.It seemingly assumes that any Biden loss of voter support from 2020 will only move to the Donald Trump column. I believe there is an increasing possibility that a significant portion of any Biden losses will instead go to a third party. Not since Ross Perot in the 1992 election have I perceived such support for a viable third-party candidate.The No Labels movement seems to be making genuine progress and gaining increasing public awareness, if not outright support.While the Democrats are panicking that any gain in No Labels support will come from their candidate, I’m not so sure, as there is evidence that Mr. Trump’s numbers may be just as affected, if not more.Mr. Cohn should start digging deeper into the third-party movements and their likely impact on the election outcome.Kenneth GlennLangley, Wash.Reducing I.R.S. Funding Kenny Holston/The New York TimesTo the Editor:Re “Holding National Security Hostage to Help Tax Cheats,” by Paul Krugman (column, Nov. 3):As usual, Mr. Krugman provides a valuable perspective on an important initiative with serious policy as well as economic implications. I believe that there is a longer-term goal that the Republicans are serving by a proposed reduction in funding for the I.R.S. in addition to protecting tax cheats and suspect enterprises.Part of the funding for the I.R.S. is also scheduled to be used for major upgrades in equipment and staffing so that the I.R.S. operates more efficiently and effectively, including being available to answer questions and assist ordinary taxpayers.By reducing the funding for the I.R.S., the Republicans are deliberately undermining improved, consumer-helpful government services so that ordinary taxpayers (and voters) become increasingly frustrated with, and resentful or angry at, the I.R.S.Sowing and fertilizing dissatisfaction with government services among the voting populace appear to be a “growth industry” for the Republicans in Congress.David E. JoseIndianapolisHealth Insurance, Simplified Haik AvanianTo the Editor:Re “It’s Just This Easy to Lose Your Health Insurance,” by Danielle Ofri (Opinion guest essay, Oct. 31):Dr. Ofri rightly condemns the “illogical patchwork of plans and regulations” of the American health care system.The solution, as Dr. Ofri suggests, is to make fundamental health insurance automatic for all Americans, allowing them to opt out but not requiring them (as happened to Dr. Ofri) to opt in.Paul SorumJamaica Plain, Mass.The writer is professor emeritus of internal medicine and pediatrics, Albany Medical College. More

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      Black Voters’ Shift to Trump Is a Warning Sign for Biden, Strategists Say

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      New York Times/Siena College polling painted a worrisome picture of the president’s standing with a crucial constituency. Democratic strategists warned that the erosion could threaten his re-election.Black voters are more disconnected from the Democratic Party than they have been in decades, frustrated with what many see as inaction on their political priorities and unhappy with President Biden, a candidate they helped lift to the White House just three years ago.New polls by The New York Times and Siena College found that 22 percent of Black voters in six of the most important battleground states said they would support former President Donald J. Trump in next year’s election, and 71 percent would back Mr. Biden.The drift in support is striking, given that Mr. Trump won just 8 percent of Black voters nationally in 2020 and 6 percent in 2016, according to the Pew Research Center. A Republican presidential candidate has not won more than 12 percent of the Black vote in nearly half a century.Mr. Biden has a year to shore up his standing, but if numbers like these held up across the country in November 2024, they would amount to a historic shift: No Democratic presidential candidate since the civil rights era has earned less than 80 percent of the Black vote.The new polling offers an early warning sign about the erosion of Mr. Biden’s coalition, Democratic strategists said, cautioning that the president will probably lose his re-election bid if he cannot increase his support from this pivotal voting bloc.A number of Democratic strategists acknowledged that the downbeat numbers in battleground states extended beyond Black voters to the party’s core constituencies, warning that the Biden campaign had to take steps to improve its standing, particularly with Black, Latino and younger voters. The Times/Siena polls surveyed registered voters in Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin.Celinda Lake, a Democratic pollster for Mr. Biden’s campaign in 2020, said the president’s political operation had not been “present enough” for Black Americans and younger voters.“I don’t think we’ve been voicing what we delivered to the African American community and particularly among younger African American men,” she said. “We have to get the numbers up and we have to get African American voters out to vote, and we have to get the numbers up with young people and we have to get them out to vote.”Mr. Biden’s numbers in the polling were particularly low among Black men. Twenty-seven percent of Black men supported Mr. Trump, compared with 17 percent of Black women.Still, there are signs that Democrats’ hurdles with Black voters, however alarming for the party, leave room for improvement. About a quarter of Black voters who said they planned to support Mr. Trump said there was some chance they would end up backing Mr. Biden.Cornell Belcher, who worked as a pollster for former President Barack Obama, said he doubted that many Black voters would switch their support to Mr. Trump. His bigger fear, he said, is that they might not vote at all.“I’m not worried about Trump doubling his support with Black and brown voters,” said Mr. Belcher, who focuses particularly on surveying voters of color. “What I am worried about is turnout.”He added: “But that’s what campaigns are for. We build a campaign to solve for that problem.”Karen Wright, a business consultant in McDonough, Ga., who immigrated to the United States from Jamaica in 1982, said she had always voted for Democrats, seeing them as the best option for younger immigrants, particularly those from predominantly Black countries like hers.Now, though, she believes Mr. Biden has not followed through on his campaign promises on immigration, worries that Democrats have gone too far in their embrace of L.G.B.T.Q. issues and faults them for books used in public education that she believes are too sexually explicit.Next year, Ms. Wright, 53, said that she planned to support Republicans up and down the ballot — and that she was not alone.“My clients are mostly Black,” she said. “They voted Democrat last year and they all said next election they’re going to vote Republican.”Angela Lang, the executive director of Black Leaders Organizing for Communities, a group that aims to mobilize Black voters in Milwaukee, said canvassers who worked with her organization had encountered an overwhelming number of Black voters who did not want to vote or did not see the value in turning out again.“People are like: ‘Why should I vote? I don’t feel like voting. Voting doesn’t do anything. My life hasn’t changed,’” she said, adding that the group had found that high prices and housing instability had fed people’s pessimism. “If your basic needs aren’t being met, it’s difficult to pay attention to politics and it’s difficult to have faith in that system when you voted before but you’re still struggling day to day.”Still, Cliff Albright, a veteran progressive organizer and a co-founder of Black Voters Matter, said Democrats had time to get back on track. Black voters, he said, are responding to the same fears about economic and global uncertainty that many Americans are confronting.“We’re a year out from the election,” Mr. Albright said. “If you ask the very same people the same question a year from now, when the choice is very clear, the same 22 percent might have a very different answer.”He added: “Is there work to be done? Yes. But is the sky falling? No.”Black voters have long powered Democratic presidential victories. Their support in South Carolina in 2020 set Mr. Biden on the path to becoming the nominee. During the general election, Black voters were again crucial to his victory.Officials with Mr. Biden’s campaign acknowledge that they have work to do to shore up the president’s standing with Black voters. Erin Schaff for The New York TimesBiden campaign officials now say they recognize they have work to do with Black voters, and they and their allies have begun multimillion-dollar engagement campaigns targeting them.Last month, the Biden campaign started an organizing program in Black neighborhoods in Milwaukee. The campaign has dispatched top surrogates to hold events aimed at Black voters and has bought advertising on Black radio programs that promotes the “real difference for Black America” his policies have made. “President Biden is getting it done,” a narrator says. “For us. And that’s the facts.”Quentin Fulks, the deputy campaign manager for Mr. Biden, said, “We know we have to get to work and we have to communicate with these voters and we have to do it earlier than ever before.”In interviews, Black voters said they had seen little progress from the Biden administration on some of their top priorities, including student loan debt relief, affordable housing and accountability for the police.Some worried that Mr. Biden was more focused on foreign policy than on domestic issues like inflation. In the Times/Siena poll, 80 percent of Black voters rated the economy as “only fair” or “poor.”A few said that their openness to supporting Mr. Trump, despite his offensive comments about Black communities and the 91 felony charges he faces in several criminal cases, reflected their disaffection with Mr. Biden and his party more than any real affinity for the former president.Keyon Reynolds-Martin, a father of one in Milwaukee, praised what he saw as Mr. Trump’s prioritizing of the economy and domestic policy, recalling the stimulus checks he received during the pandemic. Mr. Trump initially did not support the relief checks, which were spearheaded by Democrats. He later affixed his signature to them, representing the first time a president’s name had appeared on an Internal Revenue Service disbursement.Mr. Reynolds-Martin, 25, said he planned to vote for Mr. Trump next fall, when he casts his first ballot ever.Of Mr. Biden, he said, “He’s not giving money to help the United States, but he’s giving money to other countries,” adding, “At least Donald Trump was trying to help the United States.”Talitha McLaren, 45, a home health aide in Philadelphia, said she was undecided about whether to vote in 2024.She worries about a total erosion of democracy under a second Trump administration, but she is also frustrated with Mr. Biden and his party for failing to tackle rising costs that have not kept pace with her income and for not providing help with her student loan debt. On Tuesday, she plans to vote for the Democrat running for mayor of her hometown.“Don’t get me wrong, I’m going to support the Democrats,” she said. “But they haven’t won me over yet on what they’re trying to do for the country. Because what they’re doing now ain’t working.”Alyce McFadden More

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      Times/Siena College Polls: Methodology and How We Conducted Them

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      The Times/Siena College battleground polls released on Sunday and Monday were conducted over the past week in six swing states that are likely to decide the election: Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin. Five of the states were won by Donald J. Trump in 2016 and then flipped by Joseph R. Biden Jr. in 2020. Nevada, which has always been a close state, came down to less than one percentage point in the 2022 U.S. Senate election.These states also contain some of the coalitions that will be crucial next fall: younger, more diverse voters in states like Arizona, Georgia and Nevada; and white working-class voters in Michigan, Pennsylvania and Wisconsin who helped swing the election to Trump in 2016, and were central to Mr. Biden’s 2020 victory. They also provide some geographic diversity.We interviewed 600 respondents in each state to ensure we had a large enough sample to speak to specific subgroups of voters within these states, including age, race and ethnicity, income, education level, and party affiliation. Taken together, these 3,600 respondents represent our largest sample size of swing state voters to date. This also includes more than 700 undecided voters, a group that will be even more consequential within these crucial states.This is not the first time we have focused on swing states this early in an election cycle. In 2019, the poll explored a similar set of states, reflecting the battleground at the time. The political moment was slightly different, with Democrats in the thick of a nominating contest that split the party between liberals like Senators Bernie Sanders and Elizabeth Warren and a moderate in Mr. Biden — and Mr. Trump was the incumbent president to beat.However, the goals of that poll were similar to this one. As Americans in key states across the political spectrum weigh their options, these polls shed light on the issues driving the election and voters’ appetites for the leading candidates. More

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      Trump May Not Need a Coup This Time

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      Gail Collins: Bret, I know you’re busy writing about your reporting trip to Israel, and I am looking forward to reading all your thoughts. But, gee, can we talk about the Times-Siena poll on the presidential race that came out on Sunday? Donald Trump is ahead in almost all the critical states.Yow. Pardon me while I pour myself a drink.Bret Stephens: Nice to be home. Please pour me one while you’re at it.For readers who don’t know the gory details of the poll, here they are: Across six battleground states, Trump leads President Biden 48 percent to 44 percent among registered voters. In the crucial swing states that Biden won last time, Trump is ahead in five — Arizona, Georgia, Michigan, Nevada and Pennsylvania — while Biden leads only in Wisconsin. Biden is losing support from young voters, Hispanic voters, Black voters — constituencies Democrats have depended on for decades to overcome the longstanding Republican advantage among whites.Women voters favor Biden by eight percentage points, 50 percent to 42 percent, but men favor Trump by a far wider 18-point spread: 55 percent to 37 percent. (I guess that’s another definition for the term “manspreading.”) On the economy, voters prefer Trump over Biden by a 22-point margin. And a whopping 71 percent think Biden is too old to be president, as opposed to just 39 percent for Trump.Gail: Whimper, whimper.Bret: Basically, this poll is to Biden’s second-term ambitions what sunlight is to morning fog. Isn’t it time for him to bow out gracefully and focus his remaining energies on the crises of the moment, particularly Ukraine and the Middle East, instead of gearing up for a punishing campaign while setting the country up for Trump’s catastrophic comeback?Gail: Well, you and I both hoped he wouldn’t run for re-election. But he did, and he is — and as I’ve said nine million times, he’s only three years older than Donald Trump and appears to be in much better physical condition.Bret: For all we know, Biden may be physically fitter than Alex Honnold and mentally sharper than Garry Kasparov, even if he’s hiding it well. But this poll is pretty much voters yelling, “We don’t think so.” Ignore it at your peril.How about putting in a good word for Dean Phillips, the Minnesota representative challenging Biden? Or at least urging the Biden team to lose Kamala Harris in favor of a veep pick more Americans would feel confident about as a potential president, like Lloyd Austin, the defense secretary?Gail: I’m not gonna argue about perfect-world scenarios. Harris might not be your ideal potential president — or mine — but dumping her from the ticket would suggest some historic degree of bad performance. And she really hasn’t done anything wrong.Bret: Harris could well be the best vice president ever, though she’s also hiding it well. But the point here is that voters are underwhelmed, and her presence on the ticket compounds Biden’s already abysmal numbers.Gail: I’m tormented by this whole national vision of Biden as an aging dolt while Trump plays the energetic orator. As our colleagues Michael Bender and Michael Gold pointed out recently, Trump’s had “a string of unforced gaffes, garble and general disjointedness” in his speeches lately.Bret: Trump has always been the Tsar Bomba of idiocy. But too many people seem more impressed by his rhetorical force than appalled by his moral and ideological destructiveness.Gail: Why does Biden have this terrible image while Trump’s his old, fun-under-multiple-indictments self?Bret: That’s a great question. As a matter of law, I think Trump belongs in jail. The political problem is that the indictments help him, because they play to his outlaw appeal. He wants to cast himself as the Josey Wales of American politics. His entire argument is that “the system” — particularly the Justice Department — is broken, biased and corrupt, so anything the system does against him is proof of its corruption rather than of his. And tens of millions of people agree with him.Gail: This is the world that grew up around us when The Riddler was more fun than Batman.Bret: Perfectly said. The good news in the Times-Siena poll is that Trump’s negatives are also very high. They’re just not as high as Biden’s. Which means Democrats could easily hold the White House with another candidate. But you seem reluctant to push the idea.Gail: Yeah, since Biden is very, very definitely running, I don’t see any point in whining about the fact that I wish he wasn’t. He’d still be 10 times a better president than Trump.Bret: I just refuse to believe Biden’s candidacy is inevitable. Democrats seem to have talked themselves into thinking that any primary challenge to Biden just guarantees an eventual Republican victory, since that’s what tends to happen to incumbent presidents, like George H.W. Bush, Jimmy Carter and Gerald Ford. But the alternative is to watch Biden risk his single greatest accomplishment — defeating an incumbent Trump in the first place — by heedlessly running in the face of overwhelming public skepticism.Gail: What’s so frustrating is — Biden has a really fine record. The economy has picked up. He’s gotten a huge program passed for infrastructure projects like better roads and bridges. He’s always got the fight against global warming on his agenda. He stands up firmly for social issues most Americans support, like abortion rights.Bret: All the more reason for him to rest on his laurels and pass the baton to a younger generation. I can think of a half-dozen Democrats, particularly governors, who would trounce Trump in a general election just by showing up to the debate with a pulse and a brain. Let me just start with four: Gretchen Whitmer, Josh Shapiro, Jared Polis, Wes Moore ….Gail: I know Trump appears more energetic, but he’s really only a whole lot louder. Either way his multitudinous defects in character and policy really should make the difference.Bret: Hope you’re right. Fear you’re not.Gail: Sigh. Let’s change the subject. You’re in charge of Republicans — what’s your party going to do about the dreaded Senator Tommy Tuberville?Bret: For the record, I quit the G.O.P. more than five years ago.As for Tuberville, who is holding some 370 senior military promotions hostage because he objects to Pentagon policies on abortion, I suggest he should have a look at what just happened in Israel. The country just paid a dreadful price in lives in part because far-right politicians ignored the degradation of the country’s military readiness while they pursued their ideological fixations. I hope defense hawks like Lindsey Graham join forces with the Senate majority leader, Chuck Schumer, to change Senate rules and move the nominations to a vote.Speaking of Congress, your thoughts on the effort to censure Representative Rashida Tlaib over some of her rhetoric?Gail: Well, Representative Tlaib accused Israel of committing genocide. She’s also said that President Biden “supported” genocide of the Palestinians, a comment that was offensive to Biden while also, I think, hurting the Palestinian cause. But I wouldn’t want to see members of Congress distracted from the deeply serious issues at hand with a squabble about censorship, particularly one championed by folks like the dreaded Representative Marjorie Taylor Greene.Bret: Readers won’t be surprised to know that I find Tlaib’s views wrong and repellent. Like Taylor Greene, she’s an embarrassment to her party and the House. But that’s exactly the reason I oppose efforts to censure her. One of the things that distinguishes free societies like America and Israel from dictatorships like Hamas’s in Gaza is that we stand for freedom of speech as a matter of course, while they suppress it. The right censure for Tlaib would be to get voted out of office, not muzzled by her colleagues.Gail: But let’s get back to that poll for a minute. I was fascinated by the fact that only 6 percent of the respondents identified themselves as union members. I think the unions have done great things for the working class and middle class in this country and I’m very much saddened by their dwindling influence.Bret: I’ve always been pro-union. They’re a powerful force for greater automation and an argument for free trade.Gail: Hissss …Bret: OK, that was my inner Alex P. Keaton speaking. But union leaders should at least stop to ask themselves why, if they’re so terrific, so many American workers are reluctant to join them. I feel that way about certain other self-regarding institutions, including much of the news media, that are so full of their own wonderfulness that they can’t figure out why people keep fleeing in droves.Gail: Bret, we’ve entered the November holiday season — really did enjoy the trick-or-treaters last week and was pleased to notice that the popular costumes in our neighborhood seemed to go more toward skeletons and ghosts than celebrities and pop culture heroes. On to Thanksgiving and then I’m gonna challenge you to come up with a list of things in the public world you’re thankful for.Bret: Pumpkin-spice lattes. Just kidding.Gail: Meanwhile, this is Republican debate week, featuring several people nobody’s really heard of and an absent Donald Trump. I guess your fave Nikki Haley is near the head of the pack, such as it is. Think she still has a whisper of a chance?Bret: Not sure. But you’ve somehow reminded me of a lovely poem by Adrienne Rich, which seems to capture both Haley’s candidacy and my daily struggles with coherent prose.You see a mantrying to think.You want to sayto everything:Keep off! Give him room!But you only watch,terrifiedthe old consolationswill get him at lastlike a fishhalf-dead from floppingand almost crawlingacross the shingle,almost breathingthe raw, agonizingairtill a wavepulls it back blind into the triumphantsea.It’s called “Ghost of a Chance.” Here’s me hoping Haley’s got more than that.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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      Voters Aren’t Believing in Bidenomics

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      A new Times/Sienna poll shows the president behind in five of six key states. Voters cite his economic track record, indicators notwithstanding.President Biden’s poll numbers are sagging in key states, a new Times/Siena poll shows. Voters are especially dissatisfied with his track record on the economy.Doug Mills/The New York TimesEconomic perceptions are hurting Biden more than everThere was little good news for President Biden in the latest Times/Siena poll of 2024 battlegrounds, which found him trailing Donald Trump in five of six key states one year before voters head to the polls. (That’s despite Trump being nearly as unpopular and fighting multiple legal battles; he is taking the stand on Monday in one of them. And, on PredictIt, which is watched by political experts, Biden holds a six-point lead on Trump.)A glaring weakness for Biden remains the economy, despite signs that it’s doing well and efforts by the White House to promote its accomplishments. Experts say it’s still possible for the president to make a comeback — but when it comes to economic issues, that’s a tough task.Just 2 percent of voters said the economy was excellent, the poll found. Worryingly for Biden, that discontent is being reflected in demographics crucial to his re-election: 48 percent of Black voters in the Times/Siena poll rated the economy as poor, as did 59 percent of voters under 30. Zero respondents in that age group in Arizona, Nevada and Wisconsin rated the economy as excellent.Biden’s struggles are Trump’s gain. Likely voters trust the former president on the economy more than the current one by wide margins: 57 percent of those under 30 prefer Trump, as do 55 percent of Hispanics, 52 percent of women and a majority of people in every income bracket.Voters’ discontent comes despite numerous indicators that the economy is healthy, including a huge gain in third-quarter G.D.P. growth. And while Friday’s jobs data came in below expectations, the latest stats show that employers have been on a nearly three-year hiring spree.But inflation remains a sticking point. While the Fed isn’t likely to raise borrowing costs at its next rate-setting meeting in December, its policymakers haven’t closed the door to future hikes. (Some commentators have written that the studiously apolitical central bank could end up helping Trump get re-elected.)It’s unclear how Biden can turn around his fortunes. Multiple wars and global economic malaise are unlikely to stop weighing on the U.S. economy anytime soon. And voters appear to have soured on Biden himself, with an unnamed generic Democrat beating Trump by eight points.The poll prompted David Axelrod, the former Obama adviser, to openly muse about whether Biden should run for re-election. While conceding that it’s late for Democrats to change candidates, he wrote of Biden, “What he needs to decide is whether that is wise; whether it’s in HIS best interest or the country’s?”A reminder: The DealBook Summit is on Nov. 29. Guests will include Elon Musk, who this weekend announced the launch of Grok, the first chatbot from his start-up xAI, which will draw on data from the X social network. You can apply to attend here.HERE’S WHAT’S HAPPENING Here’s what to watch this week. Corporate earnings return to the fore after last week’s big gains for stocks and bonds. Wednesday will see results from the chip designer Arm and the media giants Disney and Warner Bros. Discovery; SoftBank, the Japanese tech investor, reports Thursday. Meanwhile, on Friday the University of Michigan will publish its latest consumer sentiment report, a key inflation signpost.Striking Hollywood actors weigh a new contract proposal by big studios. The SAG-AFTRA union said it had received a “last, best and final” offer that includes a substantial pay increase and more residual payments from streaming shows, The Times reports. South Korean stocks jump as short-selling is banned again. Stocks on the Kospi, Seoul’s biggest index, gained nearly 6 percent on Monday after the country reimposed a ban on betting against share prices to earn a profit. Critics said the eight-month prohibition, seemingly tied to elections next year, could deter overseas investors from buying Korean stocks.Berkshire Hathaway’s war chest reaches a record. Warren Buffett’s industrial conglomerate revealed in its latest earnings report that its cash balance now stands at $157 billion, giving the company ample financial ammunition for a big deal or more stock buybacks. But Berkshire also reported its first loss in a year as the paper value of stock holdings, including those in Apple, declined.Donors keep up pressure on universities over antisemitism The fight between Wall Street titans and universities over their handling of antisemitism on campus following last month’s Hamas attacks on Israel shows little sign of abating. The hedge fund manager Bill Ackman this weekend ramped up his criticism of Harvard, his alma mater, and donors continued to step back from the University of Pennsylvania.Ackman published an excoriating open letter to Harvard’s president, Claudine Gay. “Four weeks after the barbaric terrorist attacks of October 7th, I have lost confidence that you and the university will do what is required,” he wrote. Ackman said he had met with Harvard students and faculty last week, and wrote that “Jewish students are being bullied, physically intimidated, spat on” and assaulted.He called on the university to suspend those behind the abuse, even though the incidents have been referred to the police and the F.B.I.Gay has spoken out against the attacks and the abuse on campus. Last week, she appointed a group of advisers to determine how to counter antisemitism at Harvard. But Ackman sees these actions as insufficient. The university didn’t engage directly with Ackman’s latest criticism, referring instead to previous statements.Harvard’s diversity, equality and inclusion policy is also under scrutiny. Ackman pointed out that Harvard’s doesn’t explicitly include Jews, tapping into a growing argument on campuses and beyond. Adam Neufeld, a senior vice president at the Anti-Defamation League, told The Times last year that D.E.I. policies that don’t recognize Jews as a minority group reinforce the view that “Jews are not vulnerable.”Meanwhile, more donors are expressing their anger at Penn’s handling of antisemitism. They include Neuberger Berman’s Steve Eisman, a longtime benefactor, who told CNBC that he had asked that his family’s name be removed from a scholarship he had established at his alma mater. “I do not want my family’s name associated with the University of Pennsylvania, ever,” he said. The university newspaper reported that dozens more benefactors no longer want to be associated with the school.In related news: The authorities have opened a hate crime investigation after an Arab Muslim student was injured in a reported hit-and-run attack at Stanford; Israeli businesses are feeling the strain of the war.An epic new antitrust fight for GoogleGoogle is waging antitrust fights on many fronts, including a battle against the Justice Department over its dominance of online search.On Monday, the tech giant will square off in a San Francisco courtroom to defend its app store strategy against a familiar face in Silicon Valley antitrust circles: Epic Games, the publisher of Fortnite.Epic argues that Google is unfairly forcing Android users into its Play Store, where it collects a cut from in-app subscriptions and purchases. Most developers generally pay a roughly 15 percent surcharge on such purchases, though big ones like Epic pay the maximum 30 percent.Google “is using its size to do evil upon competitors, innovators, customers and users in a slew of markets it has grown to monopolize,” Epic says in its complaint. (Google counters that “Epic wants all the benefits of Android and Google Play without having to pay for them.”)Witnesses are set to include Sundar Pichai, Google’s C.E.O., and Tim Sweeney, Epic’s chief.It’s a similar case to Epic’s unsuccessful fight with Apple — but with key differences. Google, unlike Apple, allows phone makers to include alternative app stores on their devices and users to download apps directly. And it is testing a program to let developers use other payment systems in their apps for a smaller fee.And unlike the Apple case, which was decided by a judge, the Google lawsuit will be heard by a jury, adding a greater level of unpredictability.Epic is hoping things go better this time. The 2021 trial over its Apple claims ended with the game maker losing on most of its accusations, a decision that a federal appeals court backed this year. Meanwhile, Google has also reached settlements over the app store issue with both a group of state attorneys general and the dating app developer Match Group.“Big Finance is the problem” As climate activists increase pressure on oil majors to halt new fossil-fuel exploration and rein in production, they’re increasingly looking to enlist support from another industry: Big Finance.But it is a thorny problem, writes Vivienne Walt for DealBook, given that large asset managers have roundly rejected resolutions from climate-activist shareholders this year. “Big Oil is not the problem. Big Finance is the problem,” Mark van Baal, founder of Follow This, a shareholder activist group, told DealBook. “They tell oil companies, ‘Please continue with oil and gas as long as possible. We have your back.’”Wall Street has rebuffed climate measures at a record clip. On Monday, Follow This released its annual tally of proxy climate votes. It showed the biggest U.S. asset management firms — including BlackRock, Vanguard, and Fidelity — siding with Big Oil on resolutions by activists that pushed the supermajors to commit to Paris accord emission reduction goals. The only (partial) support came from European investors including UBS and Allianz.It’s a sharp departure from a few years ago. Larry Fink, the C.E.O. of BlackRock, said in 2020 that climate change would be “the defining factor” in his firm’s investment decisions. A year later, BlackRock helped lead a board revolt at Exxon over what critics called a lackluster climate plan. This year, the world’s biggest asset manager rejected climate resolutions targeting the oil majors, including at Exxon. “Our role is not to replace the judgment of management and the board,” it said.The oil boom has been good business. With oil prices surging and a deal frenzy expected in the oil patch, Wall Street looks to reap billions in fees. It’s also backing new projects. Reclaim Finance, a French climate organization, notes that Citigroup and Bank of America funded tens of billions worth of oil exploration after they joined the U.N.-created Net Zero Banking Alliance in 2021. “We want them to stop giving new capital,” said Agathe Masson, the group’s stewardship campaigner in Paris.Lobbying continues behind the scenes. The Rev. Kirsten Spalding, vice president of the investor network for Ceres, a Boston-based climate organization, said financial firms are still being tough on Big Oil. “I’m hearing a lot about capital expenditure: How much are they moving into climate solutions? How are they accounting for emissions?” she said. THE SPEED READ DealsTelecom Italia agreed to sell its landline telephone network to KKR for $23.6 billion, a deal that may draw a legal challenge by the Italian company’s biggest shareholder, Vivendi. (Bloomberg)Saudi Arabia reportedly could buy a $5 billion stake in the Indian Premier League cricket competition at a $30 billion valuation. (Bloomberg)LVMH said it will buy the Los Angeles-based eyewear maker Barton Perreira, reportedly for about $80 million. (WSJ)PolicyWill the Treasury Department’s decision to increase the size of longer-term debt by less than expected prove a turning point for markets? (WSJ)“More Semiconductors, Less Housing: China’s New Economic Plan” (NYT)Best of the rest“The New Headache for Bosses: Employees Aren’t Quitting” (WSJ)How corporate America is adjusting to a world of higher rates after years of piling up on cheap debt. (FT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More