Democratic presidential hopeful Julián Castro. Photo by Edward A. Ornelas/Getty Images

Hours after President Trump said during a visit to San Antonio he'd "have to call up more military" at the southern border Wednesday, 2020 Democratic hopeful Julián Castro at a rally in the city called the administration's immigration policies an "absolute failure."

Details: Trump made the comments before a closed-door fundraising dinner. Castro said at a rally later "we choose compassion over cruelty," according to the Texas Tribune. "I see my grandmother in the faces of the little children separated from their parents," he said. Castro has struggled to make an impact in a crowded Democratic field and has yet to reach 65,000 donors — a qualification requirement for the first Democratic debates.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.