Oct 14, 2018

No Brexit deal after surprise Brussels talks

Brexit Secretary Dominic Raab. Photo: Jack Taylor/Getty Images

The European Union's chief Brexit negotiator, Michel Barnier, tweeted Sunday that there was not a potential deal on the table for Brexit after a day of frenzied speculation and "intense efforts."

The details: Barnier said, "Despite intense efforts, some key issues are still open, including the backstop for IE/NI to avoid a hard border." Britain's Brexit Secretary Dominic Raab had ignited speculation about a potential breakthrough when he took a surprise trip to Brussels Sunday ahead of a critical summit next week, per AP. An EU diplomat told Politico earlier today that the speculated deal was "at negotiator level [only]," implying there were plenty of potential roadblocks.

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  3. Federal government latest: Acting Navy secretary resigns over handling of virus-infected ship — Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill.
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Airline industry braces for a forever-changed world

Illustration: Sarah Grillo/Axios

The airline industry got a $58 billion lifeline in the coronavirus federal aid package. But the path is unclear for these companies, whose operations and prospects will be forever changed by the global pandemic.

Why it matters: People may want to minimize travel for the foreseeable future. Investors, analysts and industry watchers are trying to determine how much airlines will need to spend — and how much more in lost revenue they'll see — while they adapt to the new reality.

Trump denies seeing Navarro memos warning about toll of coronavirus

President Trump said at a press briefing Tuesday that he "didn't see" memos from his trade adviser Peter Navarro warning in January and February that the coronavirus crisis could kill more than half a million Americans and cost close to $6 trillion.

Why it matters: Trump insisted that despite not seeing the memos, he did "more or less" what Navarro suggested by banning non-U.S. citizens from traveling from China effective Feb. 2.