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.

Go deeper

Biden releases 2019 tax returns ahead of debate

Photo: Alex Wong/Getty Images

Joe Biden's campaign released his 2019 tax returns on Tuesday, showing that he and his wife, Jill, paid nearly $300,000 in federal taxes last year.

Why it matters: The release, timed just hours before the first presidential debate, comes days after a bombshell New York Times report said that President Trump paid only $750 in federal taxes in 2016 and 2017. Biden's team is hoping to make the tax contrast a sticking point during their showdown.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:15 p.m. ET: 33,454,037 — Total deaths: 1,003,571 — Total recoveries: 23,204,219Map.
  2. U.S.: Total confirmed cases as of 2:15 p.m. ET: 7,165,067 — Total deaths: 205,476 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Health: Americans won't take Trump's word on the vaccine, Axios-Ipsos poll finds.
  4. States: NYC's coronavirus positivity rate spikes to highest since June.
  5. Sports: Tennessee Titans close facility amid NFL's first coronavirus outbreak.
  6. World: U.K. beats previous record for new coronavirus cases.

NYC's coronavirus positivity rate spikes to highest since June

New York Mayor Bill de Blasio. Photo: Noam Galai/Getty Images

New York City's coronavirus positivity rate has ticked up to 3.25%, its highest since June, Mayor Bill de Blasio said at a news conference on Tuesday.

Why it matters: The jump — from 1.93% on Monday — came on the first day that public elementary classrooms reopened in the city after months of closures, but guidelines state that all public schools will have to shut if the citywide seven-day positivity rate stays above 3%.