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

Supreme Court won't block Rhode Island's eased absentee voting rules

Photo: Robert Nickelsberg/Getty Images

The Supreme Court said Thursday that it will not block Rhode Island's move to ease its requirements for absentee voting during November's election.

Why it matters: The decision is a loss for Republicans, who had requested an emergency order as the state is expected to begin mailing out its ballots.

Breaking down Uber and Lyft's threat to suspend services in California

Illustration: Lazaro Gamio/Axios

Uber and Lyft are ratcheting up the fight with California’s state government over the classification of drivers with a move that would deprive Californians of their ride-hailing services (and halt driver income).

Driving the news: On Wednesday, both companies said that if a court doesn’t overturn or further pause a new ruling forcing them to reclassify California drivers as employees, they’ll suspend their services in the state until November’s election, when voters could potentially exempt them by passing a ballot measure.

Trump announces normalization of ties between Israel and UAE

Israel Prime Minister Netanyahu, Trump and UAE Crown Prince Mohammed bin Zayed. Photo: Artur Widak/NurPhoto; Samuel Corum; Odd Andersen/AFP via Getty Images

President Trump announced a "historic" deal Thursday which will see Israel and the UAE open full diplomatic relations and Israel suspend its annexation plans in the West Bank.

Why it matters: This is a major breakthrough for Israel, which lacks diplomatic recognition in many Middle Eastern countries but has been steadily improving relations in the Gulf, largely due to mutual antipathy toward Iran.