Here's why Elon Musk accomplished more in his 3 months in Washington than you think
President Trump held a public farewell in the Oval Office on Friday for his close ally and DOGE mastermind Elon Musk. Meanwhile the New York Times has new reporting about Musk's alleged drug use while on the campaign trail supporting Trump last year. Sami Sage, John Della Volpe, Tim O'Brien, and Paul Rieckhoff join Stephanie Ruhle for The 11th Hour Nightcap.
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Washington Post
4 minutes ago
- Washington Post
Fred Smith, FedEx founder who revolutionized the package delivery business, dies at 80
MEMPHIS, Tenn. — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the post office could. Over the next half-century, Smith, a Marine Corp. veteran, oversaw the growth of a company that combined air and ground service and became something of an economic bellwether because so many other companies rely on it. Memphis, Tennessee-based FedEx grew into a global transportation and logistics company that averages 17 million shipments per business day. Smith stepped down as CEO in 2022 but remained executive chairman. Smith, a 1966 graduate of Yale University, used a business theory he came up with in college to create a delivery system based on coordinated air cargo flights centered on a main hub, a 'hub and spokes' system, as it became known. The company also played a major role in the shift by American business and industry to a greater use of time-sensitive deliveries and less dependence on large inventories and warehouses. Smith once told The Associated Press that he came up with the name Federal Express because he wanted the company to sound big and important when in fact it was a start-up operation with a future far from assured. At the time, Smith was trying to land a major shipping contract with the Federal Reserve Bank that didn't work out. In the beginning, Federal Express had 14 small aircraft operating out of the Memphis International Airport flying packages to 25 U.S. cities. Smith's father, also named Frederick, built a small fortune in Memphis with a regional bus line and other business ventures. Following college, Smith joined the U.S. Marines and was commissioned a second lieutenant. He left the military as a captain in 1969 after two tours in Vietnam where he was decorated for bravery and wounds received in combat. He told The Associated Press in a 2023 interview that everything he did running FedEx came from his experience in the Marines, not what he learned at Yale. Getting Federal Express started was no easy task. Overnight shipments were new to American business and the company had to have a fleet of planes and a system of interconnecting air routes in place from the get-go. Though one of Memphis' best-known and most prominent citizens, Smith generally avoided the public spotlight, devoting his energies to work and family. Despite his low profile, Smith made a cameo appearance in the 2000 movie 'Castaway' starring Tom Hanks. The movie was about a FedEx employee stranded on an island. 'Memphis has lost its most important citizen, Fred Smith,' said U.S. Rep. Steve Cohen of Tennessee, citing Smith's support for everything from the University of Memphis to the city's zoo. 'FedEx is the engine of our economy, and Fred Smith was its visionary founder. But more than that, he was a dedicated citizen who cared deeply about our city.' Smith rarely publicized the donations he and his family made, but he agreed to speak with AP in 2023 about a gift to the Marine Corps Scholarship Foundation to endow a new scholarship fund for the children of Navy service members pursuing studies in STEM. 'The thing that's interested me are the institutions and the causes not the naming or the recognition,' Smith said at the time. Asked what it means to contribute to the public good, he replied: 'America is the most generous country in the world. It's amazing the charitable contributions that Americans make every year. Everything from the smallest things to these massive health care initiatives and the Gates Foundation and everything in between,' he said. 'I think if you've done well in this country, it's pretty churlish for you not to at least be willing to give a pretty good portion of that back to the public interest. And all this is in the great tradition of American philanthropy.'
7 minutes ago
Wartime NATO summits have focused on Ukraine. With Trump, this one will be different
BRUSSELS -- At its first summits after Russia began its full-scale invasion of Ukraine, NATO gave President Volodymyr Zelenskyy pride of place at its table. It won't be the same this time. Europe's biggest land conflict since World War II is now in its fourth year and still poses an existential threat to the continent. Ukraine continues to fight a war so that Europeans don't have to. Just last week, Russia launched one of the biggest drone attacks of the invasion on Kyiv. But things have changed. The Trump administration insists that it must preserve maneuvering space to entice Russian President Vladimir Putin to the negotiating table, so Ukraine must not be allowed steal the limelight. In Washington last year, the military alliance's weighty summit communique included a vow to supply long-term security assistance to Ukraine, and a commitment to back the country 'on its irreversible path" to NATO membership. The year before, a statement more than twice as long was published in the Lithuanian capital Vilnius. A new NATO-Ukraine Council was set up, and Kyiv's membership path fast-tracked. Zelenskyy received a hero's welcome at a concert downtown. It will be very different at a two-day summit in the Netherlands that starts Tuesday. NATO's most powerful member, the United States, is vetoing Ukraine's membership. It's unclear how long for. Zelenskyy is invited again, but will not be seated at NATO's table. The summit statement is likely to run to around five paragraphs, on a single page, NATO diplomats and experts say. Ukraine will only get a passing mention. Recent developments do not augur well for Ukraine. Earlier this month, frustrated by the lack of a ceasefire agreement, U.S. President Donald Trump said it might be best to let Ukraine and Russia 'fight for a while' before pulling them apart and pursuing peace. Last weekend, he and Putin spoke by phone, mostly about Israel and Iran, but a little about Ukraine, too, Trump said. America has warned its allies that it has other security priorities, including in the Indo-Pacific and on its own borders. Then at the Group of Seven summit in Canada, Trump called for Russia to be allowed back into the group; a move that would rehabilitate Putin on the global stage. The next day, Russia launched its mass drone attack on Kyiv. Putin 'is doing this simply because he can afford to continue the war. He wants the war to go on. It is troubling when the powerful of this world turn a blind eye to it,' Zelenskyy said. Trump left the G7 gathering early to focus on the conflict between Israel and Iran. Zelenskyy had traveled to Canada to meet with him. No meeting happened, and no statement on Russia or the war was agreed. Lacking unanimity, other leaders met with Zelenskyy to reassure him of their support. Trump wants to broker a peace deal between Russia and Ukraine. He said he could do it within 100 days, but that target has come and gone. Things are not going well, as a very public bust up with Zelenskyy at the White House demonstrated. Trump froze military aid and intelligence sharing with Ukraine's armed forces for a week. The U.S. has stepped back from the Ukraine Defense Contact Group that was set up under the Biden administration and helped to drum up weapons and ammunition. Defense Secretary Pete Hegseth skipped its last meeting; the first time a Pentagon chief has been absent since Russian forces invaded in February 2022. Addressing Congress on June 10, Hegseth also acknowledged that funding for Ukraine military assistance, which has been robust for the past two years, will be reduced in the upcoming defense budget. It means Kyiv will receive fewer of the weapons systems that have been key to countering Russia's attack. Indeed, no new aid packages have been approved for Ukraine since Trump took office again in January. 'The message from the administration is clear: Far from guaranteed, future U.S. support for Ukraine may be in jeopardy,' said Riley McCabe, Associate Fellow at the Center for Strategic and International Studies, a U.S.-based policy research organization. Cutting aid, McCabe warned, could make the Kremlin believe 'that U.S. resolve is fleeting, and that time is on Russia's side.' 'Putin has less incentive to negotiate if he believes that U.S. disengagement is inevitable and that Russia will soon gain an advantage on the battlefield,' he said. Trump wants the summit to focus on defense spending. The 32 allies are expected to agree on an investment pledge that should meet his demands. Still, the Europeans and Canada are determined to keep a spotlight on the war, wary that Russia could set its sights on one of them next. They back Trump's ceasefire efforts with Putin but also worry that the two men are cozying up. Also, some governments may struggle to convince their citizens of the need to boost defense spending at the expense of other budget demands without a strong show of support for Ukraine — and acknowledgement that Russia remains NATO's biggest security threat. The summit is highly symbolic for Ukraine in other ways. Zelenskyy wants to prevent his country from being sidelined from international diplomacy, but both he and his allies rely on Trump for U.S. military backup against Russia. Concretely, Trump and his counterparts will dine with the Dutch King on Tuesday evening. Zelenskyy could take part. Elsewhere, foreign ministers will hold a NATO-Ukraine Council, the forum where Kyiv sits among the 32 allies as an equal to discuss its security concerns and needs. What is clear is that the summit will be short. One working session on Wednesday. It was set up that way to prevent the meeting from derailing. If the G7 is anything to go by, Trump's focus on his new security priorities — right now, the conflict between Israel and Iran — might make it even shorter.
Associated Press
17 minutes ago
- Associated Press
Fred Smith, FedEx founder who revolutionized the package delivery business, dies at 80
MEMPHIS, Tenn. (AP) — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the post office could. Over the next half-century, Smith, a Marine Corp. veteran, oversaw the growth of a company that combined air and ground service and became something of an economic bellwether because so many other companies rely on it. Memphis, Tennessee-based FedEx grew into a global transportation and logistics company that averages 17 million shipments per business day. Smith stepped down as CEO in 2022 but remained executive chairman. Smith, a 1966 graduate of Yale University, used a business theory he came up with in college to create a delivery system based on coordinated air cargo flights centered on a main hub, a 'hub and spokes' system, as it became known. The company also played a major role in the shift by American business and industry to a greater use of time-sensitive deliveries and less dependence on large inventories and warehouses. Smith once told The Associated Press that he came up with the name Federal Express because he wanted the company to sound big and important when in fact it was a start-up operation with a future far from assured. At the time, Smith was trying to land a major shipping contract with the Federal Reserve Bank that didn't work out. In the beginning, Federal Express had 14 small aircraft operating out of the Memphis International Airport flying packages to 25 U.S. cities. Smith's father, also named Frederick, built a small fortune in Memphis with a regional bus line and other business ventures. Following college, Smith joined the U.S. Marines and was commissioned a second lieutenant. He left the military as a captain in 1969 after two tours in Vietnam where he was decorated for bravery and wounds received in combat. He told The Associated Press in a 2023 interview that everything he did running FedEx came from his experience in the Marines, not what he learned at Yale. Getting Federal Express started was no easy task. Overnight shipments were new to American business and the company had to have a fleet of planes and a system of interconnecting air routes in place from the get-go. Though one of Memphis' best-known and most prominent citizens, Smith generally avoided the public spotlight, devoting his energies to work and family. Despite his low profile, Smith made a cameo appearance in the 2000 movie 'Castaway' starring Tom Hanks. The movie was about a FedEx employee stranded on an island. 'Memphis has lost its most important citizen, Fred Smith,' said U.S. Rep. Steve Cohen of Tennessee, citing Smith's support for everything from the University of Memphis to the city's zoo. 'FedEx is the engine of our economy, and Fred Smith was its visionary founder. But more than that, he was a dedicated citizen who cared deeply about our city.' Smith rarely publicized the donations he and his family made, but he agreed to speak with AP in 2023 about a gift to the Marine Corps Scholarship Foundation to endow a new scholarship fund for the children of Navy service members pursuing studies in STEM. 'The thing that's interested me are the institutions and the causes not the naming or the recognition,' Smith said at the time. Asked what it means to contribute to the public good, he replied: 'America is the most generous country in the world. It's amazing the charitable contributions that Americans make every year. Everything from the smallest things to these massive health care initiatives and the Gates Foundation and everything in between,' he said. 'I think if you've done well in this country, it's pretty churlish for you not to at least be willing to give a pretty good portion of that back to the public interest. And all this is in the great tradition of American philanthropy.'
