Billionaire conservative Charles Koch. Photo: Patrick T. Fallon for The Washington Post via Getty Images

The Koch brothers' political network, a powerhouse that for years has held major influence in conservative circles, has informed donors in recent months that it will stay out of the 2020 presidential race and will not support efforts to reelect President Trump, the Washington Post reports.

Why it matters: This is yet again another rebuke to Trump by the network, which has repeatedly voiced its frustrations with some of the president's combative rhetoric and policies involving immigration and trade. Last summer, Charles Koch warned that Trump's trade war could be "disastrous" and said he would be open to supporting free market Democrats — prompting Trump to respond on Twitter by slamming the "globalist" brothers as irrelevant and "a total joke in real Republican circles."

Yes, but: The network is still expected to support candidates for the Senate and governorships like they did in 2016, when they first declined to endorse Trump.

  • Koch spokesman James Davis told the Post it will make a "significant investment to support policy champions in Senate, House and state races, build broad-based policy coalitions, and to launch a major new initiative to fight poverty in America."
  • In August, RNC Chairwoman Ronna Romney McDaniel sent a letter urging party contributors to avoid affiliating with the Koch network.

Go deeper

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42 mins ago - Economy & Business

Wall Street fears meltdown over election and Supreme Court

Illustration: Aïda Amer/Axios

The death of Justice Ruth Bader Ginsburg and President Trump's vow to name her replacement to the Supreme Court before November's election are amplifying Wall Street's worries about major volatility and market losses ahead of and even after the election.

The big picture: The 2020 election is the most expensive event risk on record, per Bloomberg — with insurance bets on implied volatility six times their normal level, according to JPMorgan analysts. And it could take days or even weeks to count the record number of mail-in ballots and declare a winner.

Election clues county by county

Ipsos and the University of Virginia's Center for Politics are out with an interactive U.S. map that goes down to the county level to track changes in public sentiment that could decide the presidential election.

How it works: The 2020 Political Atlas tracks President Trump's approval ratings, interest around the coronavirus, what's dominating social media and other measures, with polling updated daily — enhancing UVA's "Crystal Ball."

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 31,605,656 — Total deaths: 970,934 Total recoveries: 21,747,491Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,897,432 — Total deaths: 200,814 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: The U.S. reaches 200,000 coronavirus deaths — The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Fed chair warns economy will feel the weight of expired stimulus.
  6. Sports: NFL fines maskless coaches.

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