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Photo: Saul Loeb/AFP/Getty Images

President Trump confirmed that the United States would be ending its joint military exercises with South Korea at a press conference after his summit with North Korean leader Kim Jong-un, calling them "a very provocative situation."

Why it matters: While North Korea has agreed to "complete denuclearization" of the Korean peninsula as its major concession, Trump was light on details about what that process might look like or how it could be verified.

"I gave up nothing. I’m here. I haven’t slept in 25 hours. … Only a person that dislikes Donald Trump would say that I’ve made a big commitment."
— Trump pushing back on the idea that he hadn't secured anything in return for the U.S.

The other big takeaways: Trump touted Kim's agreement to denuclearization throughout the press conference, saying that he had also agreed to destroy "a major missile engine testing site."

  • But Trump couldn't expound on a framework for international verification of that denuclearization, adding, "It's going to be achieved by having a lot of people there …We’re going to have a lot of people there and we’re going to be working with them on a lot of other things." He added that denuclearization would be overseen by a combination of Americans and international workers.
  • Sanctions against North Korea will remain in place but "will come off when we are sure that the nukes are no longer a factor."
  • The remains of American soldiers lost in the Korean War will be returned to the U.S., according to Trump.
  • Embassies could be open "hopefully soon," though Trump added that it's a "little bit early for that."
  • Trump will go to Pyongyang "at a certain time" and "also will be inviting Chairman Kim at a certain time to the White House."

More quotes:

  • On human rights in North Korea: "It’s a rough situation over there. … It’s rough, it’s rough in a lot of places by the way — not just there."
  • On Kim taking over as leader at age 26: "He is very talented … I don’t say he was nice. Very few people at that age — one out of 10,000 couldn’t do it."
  • On Kim's genuine commitment: "He was very firm in the fact that he wants to do this. I think he might want to do this as much or even more than me."
  • How he tried to convince Kim: "They have great beaches, you see that whenever they're exploding their cannons into the ocean, right? I say, boy, look at that view, wouldn't that make a great condo? ... Think of it from a real estate perspective."

Go deeper: Check out Axios' live updates on the Trump-Kim summit.

Go deeper

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."

Updated 5 hours ago - Politics & Policy

Florida Pride parade fatal crash a "tragic accident," police say

Participants walk away as police investigate the scene where a pickup truck drove into a crowd of people at a Pride parade in Wilton Manors, Florida, on Saturday. Photo: Jason Koerner/Getty Images

Police said Sunday they believe a driver unintentionally hit spectators at a weekend Pride parade in Wilton Manors, Florida, resulting in the death of one man and leaving another person hospitalized.

The latest: Addressing speculation that the crash may have been a hate crime against the LGBTQ community, Wilton Manors police chief Gary Blocker said in a statement: "Today we know yesterday's incident was a tragic accident, and not a criminal act directed at anyone, or any group of individuals."