Axios

Agriculture Secretary Sonny Perdue said Monday that his agency doesn’t plan to extend the up to $12 billion emergency relief package for farmers into 2019, Reuters reports. The aid, unveiled in July, was implemented to offset damages caused by President Trump’s trade war with China.

The details: Perdue told reporters that he’s monitoring market conditions, and that “farmers, even under financial duress, will make their best business decision for 2019 without the expectation of a marker facilitation program.” The USDA has so far allocated $6 billion to farmers, and Perdue said Monday that a second round of relief should be outlined by December.

The presidential victory of right-wing nationalist Jair Bolsonaro has upended Brazil’s political establishment, but the country's beleaguered business community has greeted it with surging support. Brazil's benchmark stock index hit a record high following his 55%–45% win against former Sao Paulo mayor Fernando Haddad of the Worker’s Party.

The big picture: While his controversial views on social policy and criminal justice are well known, Bolsonaro’s congressional and campaign record have provided conflicting evidence about his likelihood of pushing pro-market policies in office. The new leader of the world’s eighth-largest economy has a huge fix-it job ahead of him, and few steady principles with which to tackle it.

The editorial board of New Jersey’s largest newspaper, the Star-Ledger, endorsed embattled Democratic Sen. Bob Menendez’s re-election bid on Sunday, telling voters that while the “race presents the most depressing choice for New Jersey voters in a generation,” they should “choke down their reluctance and vote for Menendez.”

The details: Despite being indicted on corruption charges in 2015, which were later dropped after a judge declared a mistrial due to a deadlocked jury, the board concluded that Menendez will be far better than his Republican challenger, Bob Hugin, at safeguarding voters against President Trump. "The question is which candidate can best fight Trump's toxic policies, his grotesque appeals to racial and ethnic tribalism, and his corrosive attacks on the pillars of our democracy, starting with the rule of law," the endorsement reads. Meanwhile, the Cook Political Report rated this race a toss-up on Friday.

Matt Drudge, founder and editor of the right-leaning Drudge Report, issued a rare rebuke on Monday of Fox News hosts for laughing during a segment about Saturday's mass shooting at a Pittsburgh synagogue:

“A segment on Fox News this morning where hosts laughed and joked their way through a discussion on political impact of terror was bizarre. Not even 48 hours since blood flowed at synagogue? Check your soul in the makeup chair!”

A suspicious package addressed to CNN's worldwide headquarters in Atlanta was intercepted at a nearby post office Monday morning, CNN President Jeff Zucker said in a memo.

The big picture: Two mail bombs addressed to CNN's New York offices were found last week — along with other devices addressed to prominent critics of President Trump — prompting the network to set up off-site mail screening. According to CNN's Javi Morgado, the package received Monday is similar in appearance to those sent by 56-year-old Cesar Sayoc, who was arrested on Friday and is due in court today. Authorities have not yet commented on whether the incidents are connected.

Synthetic genetics company Twist Bioscience expects to go public this week, after raising around $280 million in venture capital funding.

What's new: Biotech giant Agilent, which previously employed Twist co-founder and CEO Emily Leproust, is seeking to make the IPO more difficult.

President Trump continued to attack the media as "the true Enemy of the People" in a Monday morning tweet, blaming "Fake News" for the "great anger in our [c]ountry," just days after a horrific 72-hour stretch of political violence tore across the nation.

"There is great anger in our Country caused in part by inaccurate, and even fraudulent, reporting of the news. The Fake News Media, the true Enemy of the People, must stop the open & obvious hostility & report the news accurately & fairly. That will do much to put out the flame of Anger and Outrage and we will then be able to bring all sides together in Peace and Harmony. Fake News Must End!"

Go deeper: Trump's short-lived "peace, love and harmony."

Puerto Rico was the poorest and most struggling part of America even before Hurricane Maria hit in September 2017. Its bonds had been in default for over a year, and were trading at around 60 cents on the dollar before the hurricane knocked them down to a low of less than 23 cents in December 2017.

Today, those bonds are back to their pre-hurricane levels, and Puerto Rican debt has proven to be 2018's top bond investment.

In the final two weeks leading up to the 2018 midterm elections, Democrats are projected to spend $143 million on television advertising in House races, while Republicans will spend $86 million, according to a Democratic analysis reported in the New York Times.

Why it matters: Per the Times' Jonathan Martin and Alexi Burns, "much of the Republican spending is aimed less at securing a majority than at limiting the breadth of a Democratic takeover as the field of competition grows well beyond 40 seats."