Mar 21, 2019

The economy could provide Trump a boost in 2020

Photo: Andrew Spear/Getty Images

President Trump has a good shot at re-election 2020, according to multiple economic models maintained by market strategists that "tend to ignore election polls and personal characteristics of candidates" and instead focus on the strength of the economy and advantages held by incumbent presidents, Politico reports.

Our thought bubble, per Axios' Dion Rabouin: Despite growing fear on Wall Street, economists predict the economy will keep humming along, so that should provide a boost to Trump's re-election chances. One caveat is that Trump's policies have worsened income inequality and raised prices, which a savvy opponent will be able to use to their advantage.

Yes, but: A sharp decline in economic growth or an unemployment increase by next year could dash Trump's potential chances. For example, the pace of jobs growth slowed significantly in February, but that pullback was expected.

Go deeper: Traders have no faith in long-term U.S. growth or inflation

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 1,407,123— Total deaths: 80,759 — Total recoveries: 297,934Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 383,256 — Total deaths: 12,021 — Total recoveries: 20,191Map.
  3. Trump admin latest: Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill.
  4. Federal government latest: Senate looks to increase coronavirus relief for small businesses this week — Testing capacity is still lagging far behind demand.
  5. World update: China reopens Wuhan after 10-week coronavirus lockdown.
  6. Environment latest: Coronavirus patients in more polluted parts of the U.S. are more likely to die from the illness than those in cleaner areas, according to a new Harvard University analysis.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Pelosi calls for removal of acting Navy secretary

Photo: Chip Somodevilla/Getty Images)

House Speaker Nancy Pelosi on Tuesday called for the firing or resignation of acting Navy Secretary Thomas Modly, following his decision to relieve Capt. Brett Crozier from his command of the USS Theodore Roosevelt last week.

Why it matters: Pelosi said Modly "showed a serious lack of the sound judgment and strong leadership" in firing Crozier, who wrote a letter pleading for help in battling a coronavirus outbreak onboard the ship. The letter was leaked to the press, leading to Crozier's ouster.

Schiff demands that Grenell explain Trump's purge of inspectors general

House Intelligence Chairman Adam Schiff. Photo: Zach Gibson/Getty Images

Rep. Adam Schiff (D-Calif.), the chairman of the House Intelligence Committee, sent a letter to the acting Director of National Intelligence Ric Grenell on Tuesday demanding he turn over documents explaining his management of the intelligence community amid concerns of the politicization of the agency.

Why it matters: The letter, which calls for a response by April 16, comes as President Trump continues his purge of inspectors general across the federal government that he deems disloyal to his administration.