Democratic presidential candidate Sen. Elizabeth Warren. Photo: Sean Rayford/Getty Images

Sen Elizabeth Warren received a large standing ovation at the Black Economic Alliance Presidential Forum Saturday, as she and 3 other Democratic presidential candidates vowed to close the racial wealth gap, the New York Times reports.

Details: The Massachusetts senator pledged at the Charleston, South Carolina, event to offer $7 billion in grants to black, Latino and Native American entrepreneurs via a newly proposed Department of Economic Development, according to CNN.

The big picture: Sen. Cory Booker (D-N.J.) was the only other 2020 candidate at the event to get a standing ovation, the New York Times reports. He told the crowd his baby bonds plan to open a $1,000 savings account for every child born in the U.S. would "virtually eliminate the racial wealth gap" for young people, per CNN.

  • South Bend, Indiana, Mayor Pete Buttigieg discussed his "Douglass Plan," named in honor of abolitionist Frederick Douglass that's aimed at tackling inequality among minorities, CNN noted.
  • Texas congressman Beto O’Rourke announced a policy that would invest $500 million in small businesses, much of which would target owners who are minorities or women, the Times reports.

Why it matters: The forum comes a week before South Carolina’s Democratic convention, expected to be attended by almost all of the party’s 2020 candidates, per the NYT. South Carolina, which will host the fourth nominating contest next year, is the first state where a large proportion of the Democratic electorate (about 60 percent) is black, Reuters notes.

  • A Black Economic Alliance poll of 1,003 African-Americans found that between 27% and 33% of those surveyed "have reservations" about or are "very uncomfortable" with the 4 presidential candidates who addressed the forum — with Warren raising such concern with 33% of those surveyed.

Go deeper: 2020 Democrats are ready to talk about racial inequality.

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Biden's doctrine: Erase Trump, re-embrace the world

Photo illustration: Sarah Grillo/Axios. Photo: Bastiaan Slabbers/NurPhoto, and Bastiaan Slabbers/NurPhoto via Getty Images

Foreign policy will look drastically different if Joe Biden defeats President Trump in November, advisers tell Axios — starting with a Day One announcement that the U.S. is re-entering the Paris Climate Agreement and new global coordination of the coronavirus response.

The big picture: If Trump's presidency started the "America First" era of withdrawal from global alliances, Biden's team says his presidency would be the opposite: a re-engagement with the world and an effort to rebuild those alliances — fast.

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.