Starship down

Good morning. SpaceX shoots for the stars… and disintegrates into the ocean, again. Donald Trump warns Vladimir Putin he’s “playing with fire.” And another Beckham gets a new docuseries. Listen to the day’s top stories.

Third time’s another failure. SpaceX’s Starship rocket suffered a leak, tumbled out of control in space and disintegrated as it hurtled back to Earth during a test yesterday. That follows flights in January and March that exploded after takeoff. It’s not the only disappointment for Elon Musk, who told CBS that Donald Trump’s tax bill undercuts DOGE efforts.

Speaking of Trump (and fiery things), the US president warned in a social media post that Vladimir Putin is “playing with fire.” Russia has in recent days escalated its aerial attacks against Ukraine, and Trump is considering new sanctions on Moscow, which CNN reported may come soon.

Also under scrutiny: Secretary of State Marco Rubio ordered US embassies worldwide to stop scheduling interviews for student visas as the Trump administration weighs stricter vetting of applicants’ social-media profiles. The move raises the stakes in an ongoing battle between the White House and universities .

Nvidia earnings later today will be closely watched as analysts expect Trump’s efforts to hamper China’s chip and AI industries might have contributed to slower growth at the company. Salesforce results may offer information about whether its customers are paying for new AI products and more detail about its $8 billion acquisition of Informatica.

It’s all fun and games, right? Apple is planning a dedicated app for video games on its devices, people familiar said, within days of Nintendo’s Switch 2 release June 5. The new app will feature editorial content from Apple about new titles, offer access to the App Store’s game section and promote Arcade, the company’s $6.99-a-month subscription service.

Bloomberg Tech: Join top tech decisionmakers and influencers June 4-5 in San Francisco. Decode technology’s evolving role across business, culture and healthcare as we discuss the advances transforming industries and how they impact society. Learn more.

Deep Dive: AI Forecasting

Weather forecasting has made tremendous progress in recent decades. Artificial intelligence may help even more.

The Big Take

For decades, Asia’s export powerhouses had a simple strategy: Sell goods to the US, then invest the proceeds in American assets. Now that model faces a major threat as Trump upends the logic behind $7.5 trillion of US-bound investments from Asia.

Opinion

Dismissing Putin as crazy is deluded and perilous, Marc Champion writes. He’s a seasoned KGB agent trained in manipulating targets—and from his standpoint, operation Donald couldn’t be going any better.

Before You Go

Victoria Beckham is getting her own Netflix docuseries this autumn, which’ll show her daily life as the creative director of her fashion and beauty brands. Read more in an interview with Bloomberg that covers her future plans, the most important person in her stores and what she collects.

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