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Gov. Kathy Hochul declared war against shoplifting on Tuesday, saying retail thievery in New York has spiraled out of control — with many products in stores under lock and key.

Hochul unveiled a multi-pronged plan to tackle the shoplifting scourge, including boosting penalties for offenders who assault retail workers.

“I say, ‘No More!’ The chaos must stop!,” she said during her 2024 State of the State address delivered in Albany.

The governor’s plan would create a new category of crime to prosecute those who sell stolen goods online and set up a new “smash and grab unit” in the New York State Police Department to prosecute theft rings.

Hochul also vowed to provide dedicated funding to district attorneys to prosecute property crime, primarily retail theft.

She noted that grand larceny crimes were up double digits compared to figures before the 2020 coronavirus pandemic.

Other initiatives proposed in the governor’s plan include:

“Across our nation and state retail theft has surged, creating fear among the customers and workers. Thieves brazenly tear items off the shelves and menace employees,” Hochul said.

“Owners go broke replacing broken windows and stolen goods, driving many out of business. These attacks are …. a breakdown of the social order.”

She noted that baby formula other essential goods are “locked behind plastic panels” in stores because of shoplifting.

Conspicuously absent from her plan, however, was any talk of specifically imposing tougher penalties for serial shoplifters.

Merchants applauded Hochul for making shoplifting a key plank in her public safety agenda — but said tougher penalties are still needed to deter thievery.

“We are happy with the governor’s support for our employees. Increasing penalties for assaults against our workers is a big part of our agenda,” said Nelson Eusabio, a leader with the National Supermarket Association.

He liked the other initiatives, but said he was disappointed Hochul’s plan doesn’t include tougher penalties for serial shoplifters.

“Increased penalties and prison time are the only way you’re going to deter shoplifters. What’s the deterrent?,” Eusabio said.

Other retail groups said Hochul’s plan was a good start.

“Retail workers deemed ‘essential workers’ at the height of the pandemic – need our help, and we are glad to see that Governor Kathy Hochul is taking this head-on,” the Collective Action to Protect our Stores said in a statement.

“For too long, retail workers have been subject to repeated attacks in stores, but legislators in Albany now have the chance to stand up for them in a real way by including them in this year’s budget.”

The Retail Council of New York State said it was “encouraged” by Hochul’s comprehensive plan.

“We have prioritized many of these initiatives for quite some time, said Retail Council President Melissa O’Connor.

“Inter-agency coordination at the state and local level is absolutely critical to identify emerging trends and the worst offenders, and we strongly support the appointment of dedicated prosecutors for cases involving retail theft,” she said.

This criminal activity goes well beyond the financial loss for retailers it threatens the safety of store employees and the community. Governor Hochul has taken the time to understand the severity of these challenges, and we will work closely with her administration to ensure each initiative is implemented in 2024.”

Meanwhile, Assemblyman Jeff Dinowitz (D-Bronx) said he will “of course” continue to push his measure to charge recidivist shoplifters with fourth-degree grand larceny a Class E felony that could be a bailable offense, despite its absence from the governor’s plan.

He called Hochul’s proposals “steps in the right direction.”

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Jets’ Scheifele misses G7 because of injury

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Jets' Scheifele misses G7 because of injury

Winnipeg forward Mark Scheifele did not play in Game 7 of the Jets’ first-round Stanley Cup playoff series against the St. Louis Blues on Sunday due to an undisclosed injury, coach Scott Arniel said.

Arniel ruled out Scheifele following the team’s morning skate. He was hurt in Game 5 — playing only 8:05 in the first period before exiting — and then did not travel with the Jets to St. Louis for Game 6. Arniel previously had said Scheifele was a game-time decision for Game 7.

Scheifele, 32, skated in a track suit Saturday, and Arniel told reporters the veteran was feeling better than he had the day before. Scheifele, however, was not able to participate in the Jets’ on-ice session by Sunday, quickly indicating he would not be available for the game.

Winnipeg held a 2-0 lead in the series over St. Louis before the Blues stormed back with a pair of wins to tie it, 2-2. The home team has won each game in the best-of-seven series so far.

The Jets’ challenge in closing out St. Louis only increases without Scheifele. Winnipeg already has been dealing with the uneven play of goaltender Connor Hellebuyck, a significant storyline in the series to date. Hellebuyck was pulled in all three of his starts at St. Louis while giving up a combined 16 goals on 66 shots (.758 SV%). In Game 6, Hellebuyck allowed four goals in only 5 minutes, 23 seconds of the second period.

Hellebuyck was Winnipeg’s backbone during the regular season, earning a Hart Trophy and Vezina Trophy nomination for his impeccable year (.925 SV%, 2.00 GAA).

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Stars expect Robertson, Heiskanen back in semis

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Stars expect Robertson, Heiskanen back in semis

Stars coach Pete DeBoer expects to have leading goal scorer Jason Robertson and standout defenseman Miro Heiskanen available in the Western Conference semifinals after both missed Dallas’ first-round series win over the Colorado Avalanche.

Following their thrilling Game 7 comeback victory over the Avalanche on Saturday night, the Stars await the winner of Sunday night’s Game 7 between the Winnipeg Jets and St. Louis Blues. If the Blues win, the Stars will have home-ice advantage in the best-of-seven series.

“I believe you’re going to see them both play in the second round, but I don’t know if it’s going to be Game 1 or Game 3 or Game 5,” DeBoer said after Saturday’s series clincher. “I consider them both day-to-day now, but there’s still some hurdles. It depends on when we start the series, how much time we have between now and Game 1. We’ll have a little better idea as we get closer.”

Robertson, 25, who posted 80 points (35 goals, 45 assists) in 82 games this season, suffered a lower-body injury in the regular-season finale April 16 and was considered week-to-week at the time.

Heiskanen hasn’t played since injuring his left knee in a Jan. 28 collision with Vegas Golden Knights forward Mark Stone. Initially expected to miss three to four months, the 25-year-old defenseman had surgery Feb. 4 and sat out the final 32 games of the regular season. In 50 games, he collected 25 points (five goals, 20 assists) and averaged 25:10 of ice time, which ranked fifth among NHL blueliners.

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

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