Breitbart EIC Alex Marlow, via YouTube / Real Time with Bill Maher

Breitbart Editor-in-Chief Alex Marlow, as well as other top editors at Breitbart, told an email prankster acting as Steve Bannon that they "would do Bannon's 'dirty work' against White House aides," according to CNN.

Why it matters: This is the third high-profile prank in the past two months.

  • Energy Secretary Rick Perry thought he was speaking with the Ukraine prime minister, discussing "geopolitically sensitive topics [like] cyberattacks, potential pipelines for Russian gas and the Paris climate accord," per Politico.
  • Then-White House Communications Director Anthony Scaramucci got into an email altercation with who he believed to be Reince Priebus after he was fired.
  • Alex Marlow told the prankster over email he could have Jared Kushner and Ivanka Trump "out by the end of the year." The same prankster contacted Breitbart senior editor Joel Pollak, in which Pollak gave him his phone number to talk further about Jared and Ivanka.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.