Thousands join Walk with Israel rallies across Canada, 1 arrested in Toronto
Toronto police say one person was arrested for causing a disturbance as thousands attended Walk with Israel rallies across the country on Sunday. Julia Foy reports on the message from Israeli supporters and the counter-rally by pro-Palestinian protesters.
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CNN
28 minutes ago
- CNN
The entirely predictable Trump-Musk divorce threatens Musk's business empire
Elon Musk's decision to go all in on Donald Trump never made much sense. His scorched-earth approach to breaking up with Trump is even harder to square. As a close Trump ally, Musk's actions inevitably affected Tesla – the biggest piece of his business empire and the maker of one of the most visible and expensive items that Americans can purchase: electric vehicles. First, Musk turned off Tesla's core customers, Democrats on the coasts, by pouring money and using his influence to help Trump return to the White House. Then he took a chainsaw to the federal workforce. Trump confirmed their relationship has soured, with Musk repeatedly blasting the president's sweeping domestic agenda bill in recent days and a public fight on social media on Thursday. Now, Musk's war of words with the president risk turning off the same Trump voters who may have considered buying a Tesla until this week. Not only that, but Tesla's ambitions for self-driving vehicles require government approval, something that no longer looks like a sure thing amid the Musk-Trump feud. Other Musk businesses like SpaceX are built on government contracts – contracts that Trump wasted no time threatening on Thursday. The past 12 months – with Musk marrying himself to the polarizing Trump brand and then breaking up with him – look like a textbook example of what a CEO should not do, especially a consumer-facing CEO. 'It's a bit of a head-scratcher that Musk is going so rogue-negative towards Trump so quickly. It's a potentially very hazardous path,' Dan Ives, a senior equity research analyst at Wedbush Securities and a longtime Tesla bull, told CNN in a phone interview on Thursday. The Musk-Trump break-up, playing out on the billionaires' respective social media platforms, was both entirely predictable and shocking nonetheless. After Musk blasted Trump's policy bill as a 'disgusting abomination' earlier this week, Trump suggested Musk has 'Trump derangement syndrome.' Musk responded by undercutting Trump's political prowess, saying: 'Without me, Trump would have lost the election.' As two of the world's most powerful people continued to trade public barbs, Tesla shares dropped lower and lower. Tesla shares (TSLA) plummeted 14% on Thursday as the bromance between Trump and Musk imploded in front of the entire world. The selloff erased about $152 billion from Tesla's market value and $34 billion off Musk's net worth, according to the Bloomberg Billionaires Index. Tesla shareholders are dismayed on multiple levels. First, Musk taking on the president so publicly could further shrink the car maker's customer base by angering Trump backers. 'You could end up alienating both sides of the aisle in the course of just a few months. When you're a consumer-facing company, that's the opposite of what you want to do,' Ives said. Secondly, Tesla relies on the federal government for tax credits and for approval of its controversial full-self driving technology, a green light that investors had been hoping for after the election. Neuralink, Musk's brain chip startup, is also reliant on FDA approval. Bigger picture, the Trump administration will help set the regulatory landscape for autonomous vehicles, not to mention artificial intelligence and other Musk priorities. And the president has not been shy about flexing the power of the federal government to hurt his opponents. 'You want Trump nice in the sandbox. You don't want Trump on your bad side,' Ives said. Bill George, an executive fellow at the Harvard Business School and former CEO of health tech company Medtronic, described the recent feud as a 'brutal breakup.' 'Never go to war with the president of the United States,' he said. 'There's going to be a lot of collateral damage to your business.' Trump threatened on Thursday to go after Musk's business empire. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' Trump posted on his social media platform, Truth Social. 'I was always surprised that Biden didn't do it! SpaceX, Musk's privately held space company, relies heavily on federal contracts, especially from NASA. SpaceX's Starlink satellite internet recently won business from the Federal Aviation Administration to help the agency upgrade networks used to manage US airspace. Jeffrey Sonnenfeld, founder of the Yale Chief Executive Leadership Institute, said the lesson is not about CEOs taking political positions. 'The lesson here is that there is no honor among thieves. These are two mob bosses that have had a parting of ways. And now they are going to take each other down,' Sonnenfeld told CNN. Harvard Business School's George noted that Musk and Trump had been acting like 'best bros' just days earlier. 'The lesson here is that you can either work in government or run your business,' George said. 'But you can't do both.'
Fox News
38 minutes ago
- Fox News
Charlamagne knocks Jean-Pierre's book, says 'nobody wants to hear' from person who 'lied' for Biden admin
NEW You can now listen to Fox News articles! Radio host Charlamagne Tha God on Thursday said while he would gladly read former White House spokeswoman Karine Jean-Pierre's new book, her credibility is dubious. Former Biden White House press secretary Karine Jean-Pierre on Wednesday revealed she was registering as an independent and announced a forthcoming book about her time in the tumultuous administration. The longtime Democratic Party operative is urging Americans to step outside harsh party lines in her new book, "Independent: A Look Inside a Broken White House, Outside the Party Lines." "Until January 20, I was responsible for speaking on behalf of the President of the United States," she said in a statement, according to The Associated Press. "At noon on that day, I became a private citizen who, like all Americans and many of our allies around the world, had to contend with what was to come next for our country. I determined that the danger we face as a country requires freeing ourselves of boxes. We need to be willing to exercise the ability to think creatively and plan strategically." Charlamagne, who hasn't been shy about criticizing either party, offered mixed praise for Jean-Pierre's move during his radio show. FOX NEWS WHITE HOUSE CORRESPONDENTS SHARE SHOCK OVER KARINE JEAN-PIERRE'S PARTY SWITCH "I respect her being independent because I feel like if you Black in this country, you shouldn't be loyal to any party," he said on Thursday's episode. "You should only be voting your interest. You should only be voting for politicians who are implementing legislation and policies for your communities and your people. And if you ask me, none of these parties have done enough for us to be screaming, 'We Republican or Democrat,' so independent is the way to go." Jean-Pierre's reputation is still questionable in his eyes, however. "When it comes to her in particular, I'm probably going to read the book, but nobody wants to hear from anyone who got up there and lied for the Biden administration," he said. He argued such proclamations from people like Jean-Pierre are too little, too late, even if he approves of her general points. CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE "It's like a lot of these folks are having a come to Jesus moment way too late," he said. "They should have been talking like this two or three years ago, and she had a very interesting quote in her press release. The quote was, 'We need to be willing to exercise the ability to think creatively and plan strategically. We need to be clear-eyed and questioning rather than blindly loyal and obedient as we may have been in the past.' And that right there is the problem with Democrat supporters, especially Black ones, just blindly loyal and obedient for no damn reason." When asked by a co-host about whether such loyalty is referring to Biden or to the presidency as an institution, Charlamagne argued it ultimately resulted in betraying the American people. CLICK HERE TO GET THE FOX NEWS APP Fox News' Hanna Panreck contributed to this report.
Wall Street Journal
44 minutes ago
- Wall Street Journal
Why U.S. Apparel Brands Are Becoming Tough Customers
Forget squabbling over a restaurant check or cab fare—try wrangling over who will cover tariffs on billions of dollars' worth of imports. Apparel companies and their overseas suppliers for weeks have been going back and forth over whether and how to share the cost of President Trump's tariffs. In many cases, they still haven't agreed.
