Trump talks to reporters as he walks to Marine One on the South Lawn on Wednesday. Photo: Evan Vucci / AP

"Even without delivering on his biggest campaign promises, President Donald Trump has begun to reshape American life in ways big and small," writes Reuters political correspondent John Whitesides:

Bottom line: "While his administration has been chaotic, and his decision-making impulsive and sometimes whimsical, Trump has made changes that could have far-reaching and lingering consequences for society and the economy".

Examples:

  1. "[O]il is flowing through the Dakota Access Pipeline. Arrests of immigrants living illegally in the United States are up. More federal lands are open for coal mining."
  2. "Those kinds of low-profile policy shifts are far from the dramatic change promised by the headline-loving Trump, who won the White House with a vow to fundamentally reshape Washington."
  3. "He has rolled back hundreds of rules and regulations, signed 47 executive orders and used a previously obscure legislative tool, the Congressional Review Act, 14 times to undo regulations passed in the final months of Obama's presidency. The law had only been used once before, 16 years ago."
  4. "The Trump administration has withdrawn or delayed more than 800 Obama-era regulatory actions."

Go deeper

Dion Rabouin, author of Markets
17 mins ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 20,317,087 — Total deaths: 742,035— Total recoveries: 12,602,544Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten and Pac 12 scrap fall footballMLB salaries at 37%
  7. World: Lebanon reported record new cases as UN warned blast may drive spike — Fauci "seriously" doubts Russia's coronavirus vaccine is safe
Mike Allen, author of AM
1 hour ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.