Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

President Trump, who rarely focuses beyond the moment before him, is starting to acknowledge the growing chance Democrats could very well win in November — and very well try to impeach him.

The big picture: A few months ago, he was scoffing at midterm consequences for him. But now Trump has heard the dire warnings from enough advisers that he’s shifting into salvation mode, sharpening his campaign rhetoric and privately contemplating life under subpoena — and the threat and reality of impeachment.

  • He has already told confidants how he would run for reelection in 2020 if impeached (but not removed) by playing the victim card. 

A source who’s discussed the midterms with Trump said: "He has repeated to folks that, if the Democrats impeach him, it would be a victory, politically, because it would be a complete overreach and he could exploit it and run against it in 2020."

  • "But this president is not interested in being an impeached president. His ego would not tolerate such a thing."
  • "What he's figured out is that his name is on the ballot in 2018. His name is on the ballot as it relates to 2020, but more important he realizes his name is on the ballot as it relates to what life is going to be like for the next two years."
  • "There were some people around him trying to make the case that control of the House didn't matter. But over time he's realized it can make all the difference in the world, both for investigations and impeachment."

In May, Trump even questioned the importance of the 2018 election:

  • “So, your vote in 2018 is every bit as important as your vote in 2016,” he read from a teleprompter.
  • “Although I’m not sure I really believe that ... I don’t know who the hell wrote that line."

Welcome to September. The president, seeing warning signs everywhere, raises the stakes to impeachment:

  • "We'll worry about that [impeachment] if it ever happens," Trump said in Montana. "But if it happens it's your fault because you didn't go out to vote."

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.
4 hours ago - Health

Standardized testing becomes another pandemic victim

Photo: Edmund D. Fountain for The Washington Post via Getty

National standardized reading and math tests have been pushed from next year to 2022, the National Center for Education Statistics (NCES) announced Wednesday.

Why it matters: There’s mounting national evidence that students are suffering major setbacks this year, with a surge in the number of failing grades.

4 hours ago - World

European countries extend lockdowns

A medical worker takes a COVID-19 throat swab sample at the Berlin-Brandenburg Airport. Photo by Maja Hitij via Getty

Recent spikes in COVID-19 infections across Europe have led authorities to extend restrictions ahead of the holiday season.

Why it matters: "Relaxing too fast and too much is a risk for a third wave after Christmas," said European Commission President Ursula von der Leyen.