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Illustration: Rebecca Zisser/Axios

Yesterday was a devastating day for President Trump as he heads into his reelection campaign and an era of divided government.

As Axios' Jonathan Swan puts it: He blinks; he disappoints the people who still love him; he gets no credit for reopening the government, given he already took credit for the shutdown; and we’re back where we started after 35 days of pointlessness.

The big picture: The shutdown not only wasted a month of Trump's presidency, but it accelerates a months-long losing streak:

  • Trump is being outfoxed and outplayed by Speaker Pelosi:
    • He ended the shutdown without getting anything obvious in return, after caving earlier in the week to her refusal to hold the State of the Union address in the House chamber.
    • "Pelosi 2, Trump 0," a senior administration official instantly texted me.
    • Drudge's banner, with a Trump pic: "WALLED IN."
    • Swan tweeted: "A former White House official texts me, unsolicited: 'Trump looks pathetic...he just ceded his presidency to Nancy Pelosi.'"
    • Maggie Haberman tweeted: "Not only did Trump alienate moderates with a shutdown, he upset his core 35 percent by caving — and, most significantly for 2020, did it all as Democrats held together on a major issue fight."
  • Yesterday's indictment of Roger Stone references "senior Trump Campaign officials," "a senior Trump campaign official" and "a high-ranking member of the Trump Campaign":
    • A "senior Trump Campaign official was directed to contact STONE about any additional [WikiLeaks] releases and what other damaging information [WikiLeaks] had regarding the Clinton Campaign."
  • The midterm results left Trump weaker in battleground states than many people in his orbit seem to realize.
    • As Jim VandeHei and I pointed out in November: "[A]ll the big trends are working against Trump and the GOP."
  • Trump's election and Year 1 juiced the record bull run, but the stock market wobbled and dipped in Year 2:
Expand chart
Data: Money.Net, Yahoo! Finance. Chart: Harry Stevens/Axios

Be smart: An adviser to top Republicans told me this week's debacle "rendered Trump impotent."

  • "Total surrender," the adviser said. "Disorganized, disoriented and now disrespected."
  • "The Senate Rs were about to cut and run. He had no exit ramp."
  • "At least it got Stone off the top of the news."

Go deeper

Dan Primack, author of Pro Rata
1 hour ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.