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This should be a window of widening opportunity and optimism for the Republicans chasing Donald Trump, the commanding front-runner in the 2024 GOP presidential race.

Instead, this is a time of mounting uncertainty and unease.

Rather than undermine Trumps campaign, his indictment last week for mishandling classified documents has underscored how narrow a path is available for the candidates hoping to deny him the nomination. What should have been a moment of political danger for Trump instead has become another stage for him to demonstrate his dominance within the party. Almost all GOP leaders have reflexively snapped to his defense, and polls show that most Republican voters accept his vitriolic claims to be the victim of a politicized and illegitimate prosecution.

As GOP partisans rally around him amid the proliferating legal threats, recent national surveys have routinely found Trump attracting support from more than 50 percent of primary voters. Very few primary candidates in either party have ever drawn that much support in polls this early in the calendar. In an equally revealing measure of his strength, the choice by most of the candidates running against Trump to echo his attacks on the indictment shows how little appetite even they believe exists within the party coalition for a full-on confrontation with him.

The conundrum for Republicans is that polls measuring public reaction to Trumps legal difficulties have also found that outside the Republican coalition, a significant majority of voters are disturbed by the allegations accumulating against him. Beyond the GOP base, most voters have said in polls that they believe his handling of classified material has created a national-security risk and that he should not serve as president again if hes convicted of a crime. Such negative responses from the broader electorate suggest that Trumps legal challenges are weakening him as a potential general-election candidate even as they strengthen him in the primary. Its as if Republican leaders and voters can see a tornado on the horizonand are flooring the gas pedal to reach it faster.

This far away from the first caucuses and primaries next winterand about two months from the first debate in Augustthe other candidates correctly argue that its too soon to declare Trump unbeatable for the nomination.

Republicans skeptical of Trump hold out hope that GOP voters will grow weary from the cumulative weight of the multiple legal proceedings converging on him. And he still faces potential federal and Fulton County Georgia charges over his role in trying to overturn the 2020 election.

Republican voters are going to start asking who else is out there, who has a cleaner record, and who is not going to have the constant political volleying going on in the background of their campaign, Dave Wilson, a prominent Republican and social-conservative activist in South Carolina, told me. They are looking for someone they can rally behind, because Republicans really want to defeat Joe Biden.

Scott Reed was the campaign manager in 1996 for Bob Doles presidential campaign and is now a co-chair of Committed to America, a super PAC supporting Mike Pence. Reed told me he also believes that time is Trumps enemy as his legal troubles persist. The belief in GOP circles that the Department of Justice is totally out of control offers Trump an important shield among primary voters, Reed said. But he believes that as the details about Trumps handling of classified documents in the latest indictment sink in his support is going to begin to erode. And as more indictments possibly accumulate, Reed added, I think the repetition of these proceedings will wear him down.

Yet other strategists say that the response so far among both GOP voters and elected officials raises doubts about whether any legal setback can undermine Trumps position. (The partys bottomless willingness throughout his presidency to defend actions that previously had appeared indefensible, of course, points toward the same conclusion.) The veteran GOP pollster Whit Ayres has divided the GOP electorate into three categories: about 10 percent that is never Trump, about 35 percent that is immovably committed to him, and about half that he describes as maybe Trump, who are generally sympathetic to the former president and supportive of his policies but uneasy about some of his personal actions and open to an alternative.

Those maybe Trump voters are the key to any coalition that can beat him in the primary race, Ayres told me, but as the polls demonstrate, they flock to his side when hes under attack. Many of them had conflict with siblings, with parents, sometimes with children, sometimes even with spouses, about their support for Donald Trump, Ayres said. And they are very defensive about it. That makes them instinctively rally to Donald Trumps defense, because if they suggest in any way that he is not fit for office, then that casts aspersions on their own past support for him.

This reflex helps explain the paradoxical dynamic of Trumps position having improved in the GOP race since his first indictment in early April. A national CBS survey conducted after last weeks federal indictment found his support in the primary soaring past 60 percent for the first time, with three-fourths of Republican voters dismissing the charges as politically motivated and four-fifths saying he should serve as president even if convicted in the case.

The Republicans dubious of Trump focus more on the evidence in the same surveys that voters outside the GOP base are, predictably, disturbed by the behavior alleged in the multiplying cases against him. Trump argues that Democrats are concocting these allegations because they fear him more than any other Republican candidate, but Wilson accurately pointed out that many Democrats believe Trump has been so damaged since 2020 that he might be the easiest GOP nominee to beat. I dont think Democrats really want someone other than Trump, Wilson said. Privately, in my conversations with them, plenty of Democratic strategists agree.

Ayres believes that evidence of the resistance to Trump in the wider electorate may eventually cause more GOP voters to think twice about nominating him. Polls have usually found that most Republican voters say agreement on issues is more important for them in choosing a nominee than electability. But Ayres said that in focus groups hes conducted, maybe Trump voters do spontaneously raise concerns about whether Trump can win again given everything thats happened since Election Day, including the January 6 insurrection. Traditionally an electability argument is ineffective in primaries, Ayres said. The way the dynamic usually works is I like Candidate X, therefore Candidate X has the best chance to win. The question is whether the electability argument is more potent in this situation than it was formerly and the only answer to that is: We will find out. One early measure suggests that, for now, the answer remains no. In the new CBS poll, Republicans were more bullish on Trumps chances of winning next year than on any other candidates.

Read: Will Trump get a speedy trial?

Another reason the legal proceedings havent hurt Trump more is that his rivals have been so reluctant to challenge him over his actionsor even to make the argument that multiple criminal trials would weaken him as a general-election candidate. But there are some signs that this may be changing: Pence, Nikki Haley, and Tim Scott this week somewhat criticized his behavior, though they were careful to also endorse the former presidents core message that the most recent indictment is illegitimate and politically motivated. Some strategists working in the race believe that by the first Republican debate in August, the other candidates will have assailed Trumps handling of the classified documents more explicitly than they are now.

Still, Trumps fortifications inside the party remain formidable against even a more direct assault. Jim McLaughlin, a pollster for Trumps campaign, points out tht 85 to 90 percent of Republicans approve of his record as president. In 2016, Trump didnt win an absolute majority of the vote in any contest until his home state of New York, after he had effectively clinched the nomination; now hes routinely drawing majority support in polls.

In those new national polls, Trump is consistently attracting about 35 to 40 percent of Republican voters with a four-year college degree or more, roughly the same limited portion he drew in 2016. But multiple recent surveys have found him winning about 60 percent of Republican voters without a college degree, considerably more than he did in 2016.

McLaughlin maintains that Trumps bond with non-college-educated white voters in a GOP primary is as deep as Bill Clintons connection with Black voters was when he won the Democratic primaries a generation ago. Ayres, though no fan of Trump, agrees that the numbers hes posting among Republicans without a college degree are breathtaking. That strength may benefit Trump even more than in 2016, because polling indicates that those non-college-educated white voters will make up an even bigger share of the total GOP vote next year, as Trump has attracted more of them into the party and driven out more of the suburban white-collar white voters most skeptical of him.

But if Trump looks stronger inside the GOP than he was in 2016, Florida Governor Ron DeSantis may also present a more formidable challenger than Trump faced seven years ago. On paper, DeSantis has more potential than any of the 2016 contenders to attract the moderate and college-educated voters most dubious of Trump and peel away some of the right-leaning maybe Trump voters who like his policies but not his behavior. The optimistic way of looking at Trumps imposing poll numbers, some GOP strategists opposed to him told me, is that hes functionally the incumbent in the race and still about half of primary voters remain reluctant to back him. That gives DeSantis an audience to work with.

In practice, though, DeSantis has struggled to find his footing. DeSantiss choice to run at Trump primarily from his right has so far produced few apparent benefits for him. DeSantiss positioning has caused some donors and strategists to question whether he would be any more viable in a general election, but it has not yet shown signs of siphoning away conservative voters from Trump. Still, the fact that DeSantiss favorability among Republicans has remained quite high amid the barrage of attacks from Trump suggests that if GOP voters ultimately decide that Trump is too damaged, the Florida governor could remain an attractive fallback option for them.

Whether DeSantis or someone else emerges as the principal challenger, the size of Trumps advantage underscores how crucial it will be to trip him early. Like earlier front-runners in both parties, Trumps greatest risk may be that another candidate upsets him in one of the traditional first contests of Iowa and New Hampshire. Throughout the history of both parties nomination contests, such a surprise defeat has tended to reset the race most powerfully when the front-runner looks the most formidable, as Trump does now. If Trump is not stopped in Iowa or New Hampshire, he will roll to the nomination, Reed said.

Even if someone beats Trump in one of those early contests, though, history suggests that they will still have their work cut out for them. In every seriously contested Republican primary since 1980, the front-runner as the voting began has been beaten in either Iowa or New Hampshire. That unexpected defeat has usually exposed the early leader to a more difficult and unpredictable race than he expected. But the daunting precedent for Trumps rivals is that all those front-runnersfrom Ronald Reagan in 1980 to George W. Bush in 2000 to Trump himself in 2016recovered to eventually win the nomination. In his time as a national figure, Trump has shattered a seemingly endless list of political traditions. But to beat him next year, his GOP rivals will need to shatter a precedent of their own.

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Oil prices shed 2% as Iran-Israel ceasefire eases concerns over supply, Strait of Hormuz closure

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Oil prices shed 2% as Iran-Israel ceasefire eases concerns over supply, Strait of Hormuz closure

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black.

Ilan Rosenberg | Reuters

Oil futures fell sharply on Tuesday as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East.

The Ice Brent contract with August expiry was trading at $69.76 per barrel at 09:09 a.m. London time, down 2.41% from the previous session. The front-month August Nymex WTI contract was at $66.85 per barrel, 2.42% lower from the Monday settlement.

Oil prices had added roughly 10% over the mid-June start of Iran-Israel hostilities that were exacerbated in recent days by U.S.’ direct military involvement and Iran’s retaliatory strike against an American base in Qatar. Crude futures eased following U.S. President Donald Trump’s overnight announcement of an Iran-Israel ceasefire despite lingering questions over implementation and the future of Tehran’s nuclear program — the key cause of the recent hostilities cited by Israel and the U.S.

At risk throughout the offensives were supply in both Iran — which produced 3.3 million barrels per day in May, according to OPEC’s monthly oil market report released in June, which cites independent analyst sources — and the broader Middle East region, if the conflict spilled over.

Throughout the hostilities, investors also watched whether Iran would proceed with closing the Strait of Hormuz linking the Persian Gulf and the Gulf of Oman — a key route for Iranian and other Middle Eastern shipments, including those of the world’s largest crude exporter Saudi Arabia, and the United Arab Emirates, Iraq, Kuwait and Bahrain.

Iran’s parliament on Sunday approved the closure of the Strait of Hormuz, according to a report from Iran’s state-owned Press TV that CNBC could not independently verify, though a final decision rested with the country’s national security council.

“The potential closure of Strait of Hormuz remains a tail risk in our view, but we maintain that oil prices would race past $100/b in such a scenario, due to limited avenues to bypass the narrow passage and the constraints it would pose to the marketability of spare capacity,” Barclays analysts said in a Tuesday note, just as Trump announced a tentative ceasefire.

They further added that oil prices came under pressure “as the threat of wider regional conflagration did not materialize despite the US action against Iranian nuclear sites.”

Amid risk to supply, the International Energy Agency previously reassured it had 1.2 billion barrels of emergency stockpiles it could resort to. As part of a strategy decided prior to the Iran-Israel escalations, some producers from the influential OPEC+ alliance have also been raising output and have additional spare volumes that could be brought online.

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Smart new Raleigh ONE e-bike unveiled with GPS, anti-theft, & fast charging

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Smart new Raleigh ONE e-bike unveiled with GPS, anti-theft, & fast charging

Raleigh is rolling out a new chapter in its long legacy of bicycle design with the launch of the Raleigh ONE, a sleek, smart e-bike aimed squarely at the European urban mobility market. Officially unveiled today, the Raleigh ONE combines classic British cycling heritage with modern connected tech, delivering what the company calls “the only e-bike you’ll need in the city.”

Taking a page out of Big Tech’s playbook, Raleigh is also offering a membership program to unlock extra features. But will riders pay up, or will they balk?

While it’s debuting first in Germany, the Netherlands, and the UK, the Raleigh ONE seems clearly designed for global appeal. It’s a one-size, one-speed, minimalist-style urban e-bike built with high-quality components and a suite of smart features accessed via an app and membership system.

Think of it as a mix between a timeless European utility bike and a Silicon Valley tech platform.

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We’ll get to that tech, but first let’s dive into what makes it an e-bike. On the powered side of things, the Raleigh ONE sports a 360Wh removable battery that offers up to 80 km (50 mi) of range in eco mode and around 50 km (31 mi) in boost. That battery powers up a 250W Mivice rear hub motor, one of the nicer and more sophisticated hub motors on the market. The maximum assisted speed is 25 km/h (15.5 mph), keeping with European e-bike regulations.

The bike uses a Gates carbon belt drive for low-maintenance, grease-free operation and includes hydraulic disc brakes for confident stopping power.

Lighting is fully integrated and smart-enabled, with wraparound rear lights and a dual front beam. The riser bars, wide tires, and upright geometry give the Raleigh ONE a comfortable ride posture designed for all-day city use, even over rough pavement.

The bike is equipped with an SP Connect mount for the rider’s phone, allowing for hands-free use of Raleigh’s new app, which acts as a digital control hub for both ride data and security features.

Raleigh is leaning heavily into connectivity with the Raleigh ONE. Once registered through the app, users can enable auto-unlocking, journey tracking, alarm features, GPS location, and theft alerts. The system supports wireless updates, and security functions are controlled via handlebar buttons or the app itself.

Joining a growing trend among some connected e-bikes in 2025, the Raleigh ONE introduces a membership model to use some of its more desirable features such as sharing digital unlock access.

  • Base (free) with essential features including Ride dashboard, “basic security,” Bluetooth updates, and manual stolen mode.
  • Core (€7.99/month) with expanded services including automatic stolen mode activation, smart maintenance, and bike sharing access for one additional rider.
  • Icon (€14.99/month) includes all of the above plus over-the-air updates, bike sharing access for up to four other riders, remote arming, and full insurance coverage (provided by Hepster).

Memberships are optional, but the more advanced functionality (especially security and insurance) lives behind a paywall. Just like your friendly neighborhood dealer, Raleigh offers the Icon plan with a free trial (30 days) to help get you hooked. For those ready to jump in with two feet, the paid plans also have lower annual rates.

With a €2,699 / £2,399 price tag, the Raleigh ONE positions itself competitively among other premium urban e-bikes like those recently unveiled by VanMoof, especially considering its inclusion of fast charging (50% in 1 hour, full in just over 2 hours), built-in lights, belt drive, and theft protection ecosystem.

One of the standout value points is Raleigh’s dealer network and after-sales service, a major advantage over many online-only e-bike startups. Add in Raleigh’s 130+ year reputation in the cycling world, and the ONE looks like an interesting option for urban riders who want a worry-free, future-proof ride.

Accessories like front carriers, baskets, and integrated AXA locks round out the ecosystem, with more to come.

Selin Can, EVP of Mobility at Accell Group (Raleigh’s parent company), called the Raleigh ONE “a bold fusion of heritage and innovation.” That seems to be the goal here: take Raleigh’s deep cycling roots and plug them into a modern electric, digital, app-connected future.

With the launch of the ONE, Raleigh isn’t just releasing a new e-bike, it’s making a play to reclaim relevance in a world of smartphones, theft alerts, and mobility-as-a-service. The inclusion of basic tech features for free is important to prevent alienating its customers completely, though many riders may feel frustrated at having to pay extra to access hardware or features already designed into the bike.

What do you think? Is the Raleigh ONE an e-bike of the future, or a warning of what could be coming in a future walled garden? Let’s hear your thoughts in the comment section below.

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CNBC Daily Open: A confusing ceasefire forged by missile attacks

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CNBC Daily Open: A confusing ceasefire forged by missile attacks

Supporters of regime change in Iran rally outside the Wilshire Federal Building on June 23, 2025 in Los Angeles, California, U.S.

Mario Tama | Getty Images News | Getty Images

It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there’s a confusing ceasefire.

“Very confusing! Does Israel have 12 more hours to strike based on his [Trump’s] first announcement? Or are they supposed to be in ceasefire now? Even after the deaths in Beersheva and Iran’s barrage after the deadline? No one knows!” Dan Shapiro, former U.S. ambassador to Israel, posted on X.

Here’s a quick recap.  

On Saturday, U.S. President Donald Trump authorized air strikes on Iranian nuclear sites, pushing America into Israel’s war with Tehran.

On Sunday, Iran’s Foreign Minister Abbas Araghchi said Tehran “reserves all options to defend its sovereignty, interest, and people.”

On Monday, Iran launched a retaliatory strike against America, targeting a U.S. military base in Qatar. Later that evening stateside, Trump announced a ceasefire.

On Tuesday, Iran’s Foreign Minister Foreign Minister Seyed Abbas Araghchi denied that the country had agreed to a ceasefire — but said Iran was open to halting its military operations if Israel, which has yet to respond publicly to Trump’s statement, stopped its “aggression against the Iranian people.”

Trump, on Tuesday morning stateside, declared the ceasefire was in effect.

While Iran continued striking Israel on Tuesday morning local time, Tehran’s state-aligned media reported them as “the last round of Iranian missile attacks … before the ceasefire began.” CNBC, however, was unable to independently verify the claim.

Iran also gave the U.S. “early notice” of its attack on the military base in Qatar, according to Trump. It was a “retaliation that was expected,” Republican House Speaker Mike Johnson said. Qatar also received advanced warning from Iran, according to The New York Times, which cited three Iranian officials familiar with the matter.

This, essentially, is “the peace through strength strategy,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC.

In other words, there’s a small chance tensions in the Middle East might truly cool down following a carefully calibrated and symbolic exchange of strikes that projects strength from all parties, while also providing Iran an off-ramp to de-escalate tension.

Judging by stock markets worldwide and oil prices — which rose and fell, respectively — investors are indeed hopeful this missiles-led peace will likely stay.

What you need to know today

Iran says it’s prepared to stop attacks
Trump
said early Tuesday morning stateside that the ceasefire between Israel and Iran — which he had announced Monday evening — was “now in effect.” Iran’s Foreign Minister Seyed Abbas Araghchi had earlier said there was “NO ‘agreement’ on any ceasefire or cessation of military operations,” but signaled that Tehran had “no intention” to continue armed conflict. Israel has not publicly confirmed that they have accepted Trump’s ceasefire timeline.

Iran strikes Israel and U.S. military base in Qatar
Iran on Tuesday fired a “final round” of missiles at Israel before the 12 a.m. ET ceasefire with Israel came into effect, Iranian state-aligned media announced Tuesday. CNBC was unable to independently verify the claim. On Monday, Iran launched an airstrike on United States’ Al-Udeid military base in Qatar, the largest American military installation in the Middle East, with around 10,000 service members.

Prices of oil post a huge drop
Oil prices fell sharply Tuesday during Asia hours on news that Iran was prepared to halt military operations. As of 1:30 p.m. Singapore time, U.S. crude oil was down 3.04% at $66.43 per barrel, while Brent had shed 2.99% to $69.34, with both benchmarks adding to the previous day’s losses of more than 7%. Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy.” Trump didn’t specify who he was referring to, but he seemed to be addressing U.S. oil producers.

Markets in U.S. rise on de-escalation hopes
U.S. stocks rose Monday as investors seemed hopeful of de-escalation in the Israel-Iran war. The S&P 500 climbed 0.96%, the Dow Jones Industrial Average added 0.89% and the Nasdaq Composite gained 0.94%. Tesla shares popped 8.2% after the company launched its robotaxis in Austin, Texas, on Sunday — but regulators are looking into reports of robotaxis driving erratically. Asia-Pacific markets climbed Tuesday, with South Korea’s Kospi index jumping 2.73% at 2:40 p.m. local time.

[PRO] Wall Street’s thoughts on robotaxis
Wall Street closely watched Tesla’s robotaxi launch in Texas over the weekend. Analyst outlooks on the event vary widely. While Wedbush’s Dan Ives, who rode in the robotaxis over the weekend, said it “exceeded our expectations,” Guggenheim’s Ronald Jewsikow called the event “baby steps.” Here’s what analysts think about what the robotaxis mean for Tesla’s stock.

And finally…

An Airbus A350-941 commercial jet, operated by Emirates Airline, at the Paris Air Show in Paris, France, on Monday, June 16, 2025.

Matthieu Rondel | Bloomberg | Getty Images

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Airlines diverted more Middle East flights on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, as the region’s military conflict continued to disrupt airlines’ operations.

Dubai-based Emirates said that some of its aircraft rerouted on Monday and told customers that delays or longer flights were possible as it would take “flight paths well distanced from conflict areas,” while operating its schedule as planned.

Air India said it had halted all flights in and out of the region and to and from the east coast of North America and Europe “until further notice.”

Earlier, major international airlines including Air France, Iberia, Finnair and others announced they would pause or further postpone a resumption of service to some destinations in the Middle East.

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