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President Trump and Israeli Prime Minister Benjamin Netanyahu.Photo: Mandel Ngan/AFP/Getty Images

President Trump said on Sunday he is unhappy that Israel will be embroiled in a new election campaign, as his administration prepares to launch its long-awaited Israeli-Palestinian peace plan — the full release of which will likely now be delayed.

Why it matters: Trump has pushed the peace team, led by his son-in-law and senior adviser Jared Kushner, to launch the plan already. They were waiting for Israeli Prime Minister Benjamin Netanyahu to form a coalition government before they launched it. A new government will not be formed before November — when Trump will be dealing with his reelection campaign.

  • Kushner will launch the economic part of the plan this month at a conference in Bahrain. He and his team planned to launch the political part of the proposal later this summer, probably in July. Now, with Israel preparing for a second election, it is likely to be postponed once again.

The big picture: After the Washington Post reported Secretary of State Mike Pompeo saying at a meeting with Jewish leaders the plan was "unexecutable" and might not "gain traction," Trump told reporters Pompeo may be right. He said he still thinks the U.S. has a good chance to push the plan forward. Trump blamed the delay of the proposal on Israel's political crisis.

"Israel is all messed up with their election. I mean, that came out of the blue three days ago. So that's all messed up. They ought to get their act together. Bibi [Netanyahu] got elected. Now all of a sudden they're going to have to go through the process again till September. That's ridiculous. So we're not happy about that."

Go deeper: Trump disappointed Netanyahu failed in coalition talks

Go deeper

Prosecutors begin closing arguments in Chauvin trial

Steve Schleicher, an attorney for the prosecution in Derek Chauvin's trial, began closing arguments on Monday by describing in detail George Floyd's last moments — crying out for help and surrounded by strangers, as Chauvin pressed his knee into Floyd for nine minutes and 29 seconds.

Why it matters: The jury's verdict in Chauvin's murder trial, seen by advocates as one of the most crucial civil rights cases in decades, will reverberate across the country and have major implications in the fight for racial justice.

Kendall Baker, author of Sports
4 hours ago - Sports

European soccer is at war

Liverpool celebrating its 2019 Champions League victory. Photo: Nigel Roddis/Getty Images

Europe's biggest soccer clubs have established The Super League, a new midweek tournament that would compete with — and threaten the very existence of — the Champions League.

Why it matters: This new league, set to start in 2023, "would bring about the most significant restructuring of elite European soccer since the 1950s, and could herald the largest transfer of wealth to a small set of teams in modern sports history," writes NYT's Tariq Panja.

Dion Rabouin, author of Markets
4 hours ago - Economy & Business

2021's expected earnings blowout begins

JPMorgan CEO Jamie Dimon. Photo: Mark Kauzlarich/Bloomberg via Getty Images

First-quarter earnings so far have been very strong, outpacing even the rosy expectations from Wall Street and that's a trend that's expected to continue for all of 2021. S&P 500 companies are on pace for one of the best quarters of positive earnings surprises on record, according to FactSet.

Why it matters: The results show that not only has the earnings recession ended for U.S. companies, but firms are performing better than expected and the economy may be justifying all the hype.