Photo: Spencer Platt / Getty

A federal judge in New York ruled today that while the Trump administration has the right to rescind DACA, it has not provided sufficient legal reasons to do so and thus the program must remain in place while a legal battle plays out. A judge in California made a similar ruling last month.

Why it matters: The rulings have bought Congress some time past the March 5th deadline established by President Trump, but make it "much likelier that the Supreme Court will take up the California case,” Leon Fresco, immigration attorney and former Deputy Assistant A.G. at DOJ’s Office of Immigration Litigation, tells Axios.

  • Fresco anticipates that the fate of DACA will be decided by June, meaning meaning "Congress has to act quickly regardless" or else risk the elimination of the program.
  • Congress is currently debating immigration solutions, with Senate Majority Leader Mitch McConnell pushing for a deal by the end of he week, but there has yet to be a breakthrough more than 5 months after Trump proposed ending the program

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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.