Tesla Inc CEOElon Muskreacted to the PresidentJoe Bidenadministration's plan of sending an additional 1,500 active-duty troops to the southern U.S.-Mexico border.
What Happened: Musk, on early Thursday, took to Twitter to reply to a tweet sharing information that team Biden is sending hundreds of troops in anticipation of an influx of migrants when the Title 42 public health authority expires next week.
"Wow, state of emergency!" said Musk.
Wow, state of emergency! Elon Musk (@elonmusk) May 4, 2023
See Also: Team Biden Middleman In Multibillion-Dollar Migrant Child Trafficking, Whistleblowers Reportedly Plan To Testify
This came afterBrig. Gen. Patrick S. Ryder, a Pentagon spokesman, told media that the administration is bracing for a possible influx of migrants seeking to take advantage of the lifting of COVID-era restrictions on asylum. The troops that are being deployed on the border would fill gaps in transportation, warehouse support, narcotics detection, data entry and other areas.
Why It Matters: The deployment comes less than two weeks before the scheduled court-ordered lifting of Title 42 restrictions, a public health rule which allowed U.S. authorities to rapidly expel non-Mexican migrants to Mexico without the chance to seek asylum.
The positioning of troops at the U.S.-Mexico border suggests that the White House is becoming increasingly concerned about the possibility of a surge in illegal border crossings and the potential political backlash that could result.
Despite Bidens promise to establish a more controlled immigration policy, illegal crossings have become a significant political vulnerability for his administration.
Read Next:Bernie Sanders Disagrees With Biden On Many Issues, But Says I Dont Think One Has Many Alternatives
Gaza’s Hamas-run municipal governments have published their first official reconstruction plan for the Gaza Strip, in the latest sign that the group intends to be a leading actor in the rebuilding of the territory.
In recent days, Hamas has re-emerged as the area’s main governing authority, deploying security forces across the Gaza Strip, despite suffering severe military losses during its 15-month war with Israel.
The 200-page document, titled “Gaza Phoenix” and shared with Sky News by an official in Gaza City’s Hamas-led local government, is the first comprehensive reconstruction plan to be published since the war began.
Gaza Phoenix sets out short, medium and long-term priorities for reconstruction and development in the territory, starting almost from scratch.
The immediate priorities include formalising displacement camps, repairing hospitals, clearing rubble and restoring law and order.
There are also much more ambitious long-term proposals, including a tourism-focused economy, a green belt and even Dubai-style artificial islands.
One section, on “wartime resilience”, suggests constructing “an underground connecter” between all Gaza cities – a proposal likely to anger Israel, which has sought to destroy Hamas’s underground tunnel network.
International donors would be very unlikely to directly fund the activities of Gaza‘s Hamas-led municipal governments, a person familiar with reconstruction efforts told Sky News.
But the project could be delivered by aid groups, the source said, which have historically coordinated with Gaza’s local administrations.
Foreign donors, like the Gulf States, see reconstruction as an opportunity to have influence in post-war Gaza. However, they will have reservations over putting billions of dollars into Gaza’s reconstruction without an internationally agreed and comprehensive plan for stability, as well as assurances of some Palestinian autonomy.
Under the terms of the ceasefire deal, hundreds of thousands of Palestinians displaced from northern Gaza will be allowed to return from Sunday morning.
That makes reconstruction of the north particularly urgent, especially given the higher level of destruction there.
‘If they come, they will not find a place to live’
Dr Mohammad Salha, the director of North Gaza’s last remaining hospital, has not seen his wife and children since the war began.
He has been living in Al Awda Hospital, attempting to keep it running against all odds.
His family are staying in a tent in the south. Whenever it rains, he says, their tent fills with water.
“I want to bring them here, but I don’t know where to put them,” he says. “At least they have a tent. Here, there is nowhere to put a tent.”
Gaza’s government estimates that 14 of every 15 homes have been damaged, leaving the territory littered with an estimated 42 million tonnes of debris.
“If they come, they will not find a place to live,” says Maher Salem, 59, head of planning at Gaza City’s Hamas-led municipal government and a co-author of Gaza Phoenix.
Mr Salem says his team are trying to procure tents and caravans to serve as temporary shelters, and are preparing approximately 20 sites in and around Gaza City.
At least one new tent camp was seen in Gaza City on Thursday.
The reconstruction plan identifies four main zones for larger tent camps, to serve as displacement centres during the reconstruction.
These areas have been chosen because of their proximity to medical centres and relatively low levels of groundwater pollution.
More than 95% of the Gaza Strip has groundwater containing levels of nitrates considered unsafe by the WHO, according to maps published in the document.
Israel has yet to relax import restrictions, hampering reconstruction
The war has also wrought severe damage on Gaza’s water distribution network, with aid groups saying that 70% of water sent through the pipes is currently lost due to leakage.
“We have more than 100,000 metres of pipes that are destroyed, but we haven’t even got 10 metres of pipes for repairs,” says Mr Salem, who also manages water infrastructure in Gaza City.
Israel has so far refused to allow the entry of metal pipes into Gaza, arguing that they could be used to construct rockets.
Similar restrictions on other such “dual use” items have been in place since the war began, and in many cases long before.
Discussions about relaxing these rules post-ceasefire are ongoing, Mr Salem says.
He adds that officials are also trying to secure permission to import heavy machinery, generators and solar panels for the reconstruction effort.
“Everything is in relation to the availability of the materials. If you haven’t the materials, you can’t do the thing.”
Shaina Low, spokesperson for aid organisation Shelter Cluster, says the restrictions are affecting items necessary to build basic shelters, including timber and tent poles.
“There’s so much uncertainty, it makes it very difficult for the humanitarian sector to plan in advance,” she says.
‘Whoever is alive, they will come’
Of particular urgency are repairs to North Gaza’s hospitals. The region now has only one functioning hospital, Al Awda, after repeated raids and attacks by the Israeli military destroyed the Kamal Adwan and Beit Hanoun hospitals, and rendered the Indonesian and Sheikh Hamad hospitals out of service.
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Al Awda has also suffered repeated attacks on its staff and buildings.
“A lot of equipment is destroyed,” says Dr Salha, the hospital’s director. “The whole hospital is without windows, without doors, without full ceilings.”
Many of the hospital’s surgeons have been killed or arrested, including Dr Adnan Al Bursh, whose unexplained death in Israeli custody was investigated by Sky News in November.
Despite now only having a single surgeon, Al Awda is preparing for a surge in patient numbers come Sunday, when displaced Palestinians are expected to begin their return to the north.
Dr Salha is also anticipating the arrival of “hundreds, maybe thousands” of wounded or starving people who have been in North Gaza but unable to safely reach the hospital.
“Whoever is alive, they will come,” he says.
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2:22
How Gaza will build back its schools
A relatively small, private hospital, Al Awda has never had an intensive care unit, an oxygen unit or incubator beds. In the past, Al Awda would refer critical patients and newborns to the nearby Kamal Adwan Hospital.
“Now there is no Kamal Adwan Hospital,” says Dr Salha, “so we will have to do it.”
He has submitted a proposal for the construction of these advanced facilities, but this hinges on the relaxation of import restrictions.
Dr Salha thinks it will take three months before any other hospital in North Gaza is functioning. But Dr Marwan Sultan, the director of the Indonesian Hospital, thinks he can get his hospital up and running within a month.
That too, however, will depend on what he is allowed to import.
“All four generators have been destroyed, along with both oxygen units,” says Dr Sultan.
“These are not available in Gaza, so we have to bring it from outside, but this has not been allowed up till now.”
It will be months before schools can reopen
For those already living in the north of Gaza, the imminent arrival of the returnees poses its own problems.
Ahmed Abu Riziq lives with his wife and three young children in a rented flat in the north of Gaza City. He speaks to us from the building’s roof, which is littered with debris and shrapnel damage.
This week, his landlord is returning and he is being evicted.
He has given up hope of finding another flat. Instead, he is simply trying to find some empty land on which to pitch a tent amidst the rubble.
The destruction of homes in Gaza, and the immense quantities of debris strewn through its streets, has prompted many families to take shelter in schools.
“For more than one year the students have not gone to school, and they haven’t had any chance to go to school because all the schools are used as shelters,” says Mr Salem.
Satellite analysis by aid group Education Cluster suggests that 88% of schools in Gaza have been damaged, including every single school in North Gaza.
Mr Abu Riziq, a schoolteacher, thinks it will take between six to 12 months before schools are able to reopen.
That is echoed in the Gaza Phoenix reconstruction plan, which does not anticipate a resumption of schooling within the next six months.
For the time being, the best scenario for Gaza’s children is to enrol in one of the territory’s growing number of tent schools.
In May last year, Mr Abu Riziq set up his own tent school using the leftover parachute from an aid drop. He has since expanded to five schools, providing education and psychological support to around 2,000 children aged five to 14.
He is optimistic that, with proper support and counselling, Gaza’s children will be able to overcome their traumas.
“Most of our students, when we first tell them to draw, they draw tanks, destroyed houses, how they suffered,” he says.
“But now, after many sessions, they draw gardens, sunflowers, a plane they are in, trees with apples that they can eat. They start to draw their future.”
Additional reporting by Michelle Inez Simon, visual investigations producer, and Olive Enokido-Lineham, OSINT producer.
The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.
Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024.
Courtesy: Twilio
Twilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications software vendor issued an uplifting profit forecast for the coming years.
The stock jumped to $140.12 as of midday trading, which would be its highest close since 2022.
Twilio revealed its new guidance at an investor event Thursday, a little over a year after the company named Khozema Shipchandler as CEO. Shipchandler, who had been Twilio’s president and before that spent 22 years at GE, replaced co-founder Jeff Lawson after a battle with activist investors.
Twilio now sees its adjusted operating margin widening to between 21% and 22% in 2027 as part of a three-year framework for guidance. That’s higher than Visible Alpha’s 19.68% consensus. Twilio’s adjusted operating margin in the most recent quarter was 16.1%.
At Thursday’s event, company executives committed to generating $3 billion in free cash flow over the next three years, compared with approximately $692 million in free cash flow for 2022, 2023 and 2024. The Visible Alpha consensus for Twilio’s 2025 through 2027 was $2.76 billion.
“If we execute well in 2025, I think we write our own story from 2026 on,” Shipchandler told CNBC ahead of the investor gathering.
Twilio, which sends text messages and emails for customers, did not issue a revenue growth target for 2027 at its Thursday event.
But Shipchandler did tell analysts at the investor event that “we’re orienting the company to deliver against double-digit growth over time.”
For 2025, the company said it expects $825 million to $850 million in free cash flow and the same amount in adjusted operating income, with 7% to 8% revenue growth year over year. The Visible Alpha consensus was $814 million in adjusted operating income and about $808 million in free cash flow. The 2025 revenue forecast was in line with LSEG consensus.
Twilio went public in 2016 as a high-growth software company taking advantage of the transition to the cloud. It was one of the big early beneficiaries of the Covid remote work boom as more companies relied on mobile communications to keep in touch with employees and clients. The stock surged more than 240% in 2020.
But in 2022, the stock lost more than 80% of its value as investor focus shifted to profit over growth to reckon with rising interest rates and soaring inflation. Twilio cut 17% of its workforce in early 2023, and activist investors Anson Funds and Legion Partners Asset Management agitated for a sale of Twilio or one of its business units, CNBC reported.
Since activist firm Sachem Head Capital Management won a Twilio board seat in April, the company’s stock has jumped about 81%, as revenue growth has accelerated and losses have narrowed.
By expanding into new areas, such as conversational artificial intelligence, Twilio says it can sell into a $158 billion total addressable market by 2028, compared with $119 billion when only focusing on the communications and customer data platform categories.
Twilio’s preliminary results for the fourth quarter show 11% revenue growth, with adjusted operating income that exceeds the top end of the $185 million to $195 million range that the company issued in October. Analysts surveyed by LSEG had expected 7.9% revenue growth and, according to Visible Alpha, the adjusted operating income consensus was about $190 million.
Baird analysts William Power and Yanni Samoilis upgraded their stock to the equivalent of buy from the equivalent of hold in a Friday note to clients, raising their price target to $160 from $115. The analysts said they “expect a potential beat-and-raise cadence to continue to push shares higher, particularly with the strengthening profitability, cash flow, and capital returns.”