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President Joe Bidens core foreign-policy argument has been that his steady engagement with international allies can produce better results for America than the impulsive unilateralism of his predecessor Donald Trump. The eruption of violence in Israel is testing that proposition under the most difficult circumstances.

The initial reactions of Biden and Trump to the attack have produced exactly the kind of personal contrast Biden supporters want to project. On Tuesday, Biden delivered a powerful speech that was impassioned but measured in denouncing the Hamas terror attacks and declaring unshakable U.S. support for Israel. Last night, in a rambling address in Florida, Trump praised the skill of Israels enemies, criticized Israels intelligence and defense capabilities, and complained that Israeli Prime Minister Benjamin Netanyahu had tried to claim credit for a U.S. operation that killed a top Iranian general while Trump was president.

At this somber moment, Trump delivered exactly the sort of erratic, self-absorbed performance that his critics have said make him unreliable in a crisis. Trumps remarks seemed designed to validate what Senator Chris Murphy, a Democrat from Connecticut who chairs the Senate Foreign Relations subcommittee that focuses on the Middle East, had told me in an interview a few hours before the former presidents speech. This is the most delicate moment in the Middle East in decades, Murphy said. The path forward to negotiate this hostage crisis, while also preventing other fronts from opening up against Israel, necessitates A-plus-level diplomacy. And you obviously never saw C-plus-level diplomacy from Trump.

Franklin Foer: Biden will be guided by his Zionism

The crisis is highlighting more than the distance in personal demeanor between the two men. Two lines in Bidens speech on Tuesday point toward the policy debate that could be ahead in a potential 2024 rematch over how to best promote international stability and advance Americas interests in the world.

Biden emphasized his efforts to coordinate support for Israel from U.S. allies within and beyond the region. And although Biden did not directly urge Israel to exercise restraint in its ongoing military operations against Hamas, he did call for caution. Referring to his conversation with Netanyahu, Biden said, We also discussed how democracies like Israel and the United States are stronger and more secure when we act according to the rule of law. White House officials acknowledged this as a subtle warning that the U.S. was not giving Israel carte blanche to ignore civilian casualties as it pursues its military objectives in Gaza.

Both of Bidens comments point to crucial distinctions between his view and Trumps of the U.S. role in the world. Whereas Trump relentlessly disparaged U.S. alliances, Biden has viewed them as an important mechanism for multiplying Americas influence and impactby organizing the broad international assistance to Ukraine, for instance. And whereas Trump repeatedly moved to withdraw the U.S. from international institutions and agreements, Biden continues to assert that preserving a rules-based international order will enhance security for America and its allies.

Even more than in 2016, Trump in his 2024 campaign is putting forward a vision of a fortress America. In almost all of his foreign-policy proposals, he promises to reduce American reliance on the outside world. He has promised to make the U.S. energy independent and to implement a four-year plan to phase out all Chinese imports of essential goods and gain total independence from China. Like several of his rivals for the 2024 GOP nomination, Trump has threatened to launch military operations against drug cartels in Mexico without approval from the Mexican government. John Bolton, one of Trumps national security advisers in the White House, has said he believes that the former president would seek to withdraw from NATO in a second term. Walls, literal and metaphorical, remain central to Trumps vision: He says that, if reelected, hell finish his wall across the Southwest border, and last weekend he suggested that the Hamas attack was justification to restore his ban on travel to the U.S. from several Muslim-majority nations.

Biden, by contrast, maintains that America can best protect its interests by building bridges. Hes focused on reviving traditional alliances, including extending them into new priorities such as friend-shoring. He has also sought to engage diplomatically even with rival or adversarial regimes, for instance, by attempting to find common ground with China over climate change.

These differences in approach likely will be muted in the early stages of Israels conflict with Hamas. Striking at Islamic terrorists is one form of international engagement that still attracts broad support from Republican leaders. And in the Middle East, Biden has not diverged from Trumps strategy as dramatically as in other parts of the world. After Trump severely limited contact with the Palestinian Authority, Biden has restored some U.S. engagement, but the president hasnt pushed Israel to engage in full-fledged peace negotiations, as did his two most recent Democratic predecessors, Bill Clinton and Barack Obama. Instead, Biden has continued Trumps efforts to normalize relations between Israel and surrounding Sunni nations around their common interest in countering Shiite Iran. (Hamass brutal attack may have been intended partly to derail the ongoing negotiations among the U.S., Israel, and Saudi Arabia that represent the crucial next stage of that project.) Since the attack last weekend, Trump has claimed that Hamas would not have dared to launch the incursion if he were still president, but he has not offered any substantive alternative to Bidens response.

Yet the difference between how Biden and Trump approach international challenges is likely to resurface before this crisis ends. Even while trying to construct alliances to constrain Iran, Biden has also sought to engage the regime through negotiations on both its nuclear program and the release of American prisoners. Republicans have denounced each of those efforts; Trump and other GOP leaders have argued, without evidence, that Bidens agreement to allow Iran to access $6 billion in its oil revenue held abroad provided the mullahs with more leeway to fund terrorist groups like Hamas. And although both parties are now stressing Israels right to defend itself, if Israel does invade Gaza, Biden will likely eventually pressure Netanyahu to stop the fighting and limit civilian losses well before Trump or any other influential Republican does.

Murphy points toward another distinction: Biden has put more emphasis than Trump on fostering dialogue with a broad range of nations across the region. Trumps style was to pick sides, and that meant making enemies and adversaries unnecessarily; that is very different from Bidens approach, Murphy told me. We dont know whether anyone in the region right now can talk sense into Hamas, Murphy said, but this president has been very careful to keep lines of communication open in the region, and thats because he knows through experience that moments can come, like this, where you need all hands on deck and where you need open lines to all the major players.

Read: The Middle East region is quieter today than it has been in two decades

In multiple national polls, Republican and Democratic voters now express almost mirror-image views on whether and how the U.S. should interact with the world. For the first time in its annual polling since 1974, the Chicago Council on Global Affairs this year found that a majority of Republicans said the U.S. would be best served if we stay out of world affairs, according to upcoming results shared exclusively with The Atlantic. By contrast, seven in 10 Democrats said that the U.S. should take an active part in world affairs.

Not only do fewer Republicans than Democrats support an active role for the U.S. in world affairs, but less of the GOP wants the U.S. to compromise with allies whe it does engage. In national polling earlier this year by the nonpartisan Pew Research Center, about eight in 10 Democrats said America should take its allies interests into account when dealing with major international issues. Again in sharp contrast, nearly three-fifths of GOP partisans said the U.S. instead should follow its own interests.

As president, Trump both reflected and reinforced these views among Republican voters. Trump withdrew the U.S. from the World Health Organization, the United Nations Human Rights Council, the Paris climate accord, and the nuclear deal with Iran that Obama negotiated, while also terminating Obamas Trans-Pacific Partnership trade talks. Biden effectively reversed all of those decisions. He rejoined both the Paris Agreement and the WHO on his first days in office, and he brought the U.S. back into the Human Rights Council later in 2021. Although Biden did not resuscitate the TPP specifically, he has advanced a successor agreement among nations across the region called the Indo-Pacific Economic Framework. Biden has also sought to restart negotiations with Iran over its nuclear program, though with little success.

Peter Feaver, a public-policy and political-science professor at Duke University, told me he believes that Trump wasnt alone among U.S. presidents in complaining that allies were not fully pulling their weight. What makes Trump unique, Feaver said, is that he didnt see the other side of the ledger. Most other presidents recognized, notwithstanding our [frustrations], it is still better to work with allies and that the U.S. capacity to mobilize a stronger, more action-focused coalition of allies than our adversaries could was a central part of our strength, said Feaver, who served as a special adviser on the National Security Council for George W. Bush. Thats the thing that Trump never really understood: He got the downsides of allies, but not the upsides. And he did not realize you do not get any benefits from allies if you approach them in the hyper-transactional style that he would do.

Biden, Feaver believes, was assured an enthusiastic reception from U.S. allies because he followed the belligerent Trump. But Bidens commitment to restoring alliances, Feaver maintains, has delivered results. Theres no question in my mind that Biden got better results from the NATO alliance [on Ukraine] in the first six months than the Trump team would have done, Feaver said.

As the Middle East erupts again, the biggest diplomatic hurdle for Biden wont be marshaling international support for Israel while it begins military operations; it will be sustaining focus on what happens when they end, James Steinberg, the dean of the Johns Hopkins School of Advanced International Studies, told me. The challenge here is how do you both reassure Israel and send an unmistakably tough message to Hamas and Iran without leading to an escalation in this crisis, said Steinberg, who served as deputy secretary of state for Obama and deputy national security adviser for Clinton. Thats where the real skill will come: Without undercutting the strong message of deterrence and support for Israel, can they figure out a way to defuse the crisis? Because it could just get worse, and it could widen.

In a 2024 rematch, the challenge for Biden would be convincing most Americans that his bridges can keep them safer than Trumps walls. In a recent Gallup Poll, Americans gave Republicans a 22-percentage-point advantage when asked which party could keep the nation safe from international terrorism and military threats. Republicans usually lead on that measure, but the current advantage was one of the GOPs widest since Gallup began asking the question, in 2002.

This new crisis will test Biden on exceedingly arduous terrain. Like Clinton and Obama, Biden has had a contentious relationship with Netanyahu, who has grounded his governing coalition in the far-right extremes of Israeli politics and openly identified over the years with the GOP in American politics. In this uneasy partnership with Netanyahu, Biden must now juggle many goals: supporting the Israeli prime minister, but also potentially restraining him, while avoiding a wider war and preserving his long-term goal of a Saudi-Israeli dtente that would reshape the region. It is exactly the sort of complex international puzzle that Biden has promised he can manage better than Trump. This terrible crucible is providing the president with another opportunity to prove it.

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Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party

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Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party

White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC.

Samuel Corum | Getty Images News | Getty Images

Tesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party.

The stock was down 7.13% by 4:27 a.m. E.T.

Musk said over the weekend that the party would be called the “America Party” and could focus “on just 2 or 3 Senate seats and 8 to 10 House districts.” He suggested this would be “enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.”

The billionaire’s involvement in politics has been a point of contention for investors. Musk earlier this year was part of the so-called Department of Government Efficiency and worked closely with President Donald Trump — a move seen as potentially hurting Tesla’s brand.

Musk left DOGE in May, which helped Tesla’s stock.

Now tech billionaire’s reinvolvement in the political arena is making investors nervous.

“Very simply Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/shareholders want him to take during this crucial period for the Tesla story,” Dan Ives, global head of technology research at Wedbush Securities, said in a note on Sunday.

“While the core Musk supporters will back Musk at every turn no matter what, there is broader sense of exhaustion from many Tesla investors that Musk keeps heading down the political track.”

Musk’s previous political foray earned him Trump’s praise in the early days, but he has since drawn the ire of the U.S. president.

The two have clashed over various areas of policy, including Trump’s spending bill which Musk has said would increase America’s debt burden. Musk has taken issue to particular cuts to tax credits and support for solar and wind energy and electric vehicles.

Trump on Sunday called Musk’s move to form a political party “ridiculous,” adding that the Tesla boss had gone “completely off the rails.”

Musk is contending with more than just political turmoil. Tesla reported a 14% year-on-year decline in car deliveries in the second quarter, missing expectations. The company is facing rising competition, especially in its key market, China.

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Environment

Paris’ popular bike share program has a big sticky finger problem

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Paris' popular bike share program has a big sticky finger problem

Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.

According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.

“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.

The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.

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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.

Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.

And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.

The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.

Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.

That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.

The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.

Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.

The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.

Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.

In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.

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Environment

CNBC Daily Open: Elon Musk, founder of companies and political parties

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CNBC Daily Open: Elon Musk, founder of companies and political parties

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.

Nathan Howard | Reuters

When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

And finally…

An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.

Thomas Peter | Reuters

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